Seniors use extra on-line for banking transactions | EUROtoday

More and extra older individuals in Germany are doing their banking on-line. According to a consultant survey by the Bitkom trade affiliation, 83 p.c now use on-line banking within the age group between 65 and 74 years.

A yr in the past, the proportion was 77 p.c. And even within the age group from the age of 75, nearly each second makes use of the Internet to switch cash or name up account statements. This worth is considerably increased than the numbers from earlier years. In 2024, solely each fourth older senior used the community for banking.

According to the survey, nearly 9 out of ten of the web banking surveyed use (86 p.c). The variety of those that do banking solely by digital channels additionally elevated barely: from 42 to 44 p.c. This offers the group better than the group of those that no less than often go to a financial institution department to get recommendation there (41 p.c).

When selecting a financial institution, customers first have a look at very traditional standards, similar to the quantity of financial institution charges (96 p.c) and the quantity of the deposit insurance coverage (95 p.c). The variety of ATMs that can be utilized freed from cost close to the place of residence are vital (87 p.c) and a toll -free entry to money overseas (85 p.c). For the research, 1003 individuals aged 16 and over have been interviewed from throughout Germany.