The Future of Personal Banking (Hint: It's Not in Person)


by Kathleen Reynolds on Jul 15, 2014 | Views: 70 | Score: 0
% of Millennials
Online Banking88
ATMs72
In Branch Banking (not ATM)53
Mobile Banking47
Telephone Banking17
Sources: brookings.edu
Share:
Facebook Twitter Reddit Linked In Google Plus Pinterest Tumblr Email
URL:
Embed in your web page: (Preview)
Link:

Download image:

VOTE:
VOICE:
Please sign up or log in to comment
Kathleen Reynolds
Kathleen Reynolds on Jul 15, 2014 6:02 PM said:

The future is not bright for the traditional “physical” banking system. A resounding 88% of Millennials do their banking online, while only 53% of Millennials use non-ATM In Branch Banking. ATM Banking is used by 72% of Millennials. As Millennials’ presence grows in the economy, it is becoming evident that banking convenience and not brand name reigns supreme.