Bulletin

Online banking growing 3% a year

Online banking is still growing at a steady rate, rising 3% for each of the last four years. The Office for National Statistics estimates 29m adults banked online in the past three months, but one in seven people - 14% - still have safety concerns about banking online. A record 39 million people are now shopping online, meanwhile. The latest internet access report from the ONS estimate 76% people have made online purchases in the last year. Typically people spent between £100-£500 in the last three months, though 9% of people spent over £2,000. The main reasons for avoiding internet shopping are a preference for buying from a person, worries about security or privacy and not knowing how to shop online.

Find out more about fraud prevention fraud in our online guide.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin
GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin

Where Next?