Prepaid debit cards were most popular among households that were younger and lower-income. Alternatives to debit cards gain popularity as technology develops. About 46% of Asian Americans use the internet to access and manage their checking accounts. The research predicts a CAGR of 12.2% between 2019 and 2026. Consumer Banking: Statistics and Trends in 2020 Consumer Banking: Statistics and Trends in 2020 updated September 15, 2020 by Richard Zhang Banks have long played a major part in our financial lives. In 2014, for example, about 135.5 million Americans used digital banking services. The. As a result, there are several tiers of bank accounts with different features, benefits and fees. About 35.4% checked balances or transactions, while 34% checked message alerts. estimate that the global ATM market will reach $30.50 billion by 2027. Der Anteil der Online-Banking-Nutzer in Deutschland belief sich im Jahr 2018 auf 59 Prozent. These. Back in 2013 and 2015 respective 55.1% and 60.4% of families accessed accounts online. Wells Fargo earned the first spot in this category, with its 232,982 employees. . The latest banking stats and trends show that their number has dropped by almost 30,000 between 2016 and 2019 in Europe only. They are compiled at EU and euro area levels, and individually for each EU country. So, its value has been on a constant rise, especially in developed countries. It was followed by three other Chinese banks — CICHY ($3.38 trillion), ACGBY ($3.29 trillion), and Bank of China ($3.24 trillion). Android is expected to remain the leader in revenue, while the C2B segment is expected to fuel the growth. State of mobile banking in 2020: top apps, features, statistics and market trends Alicia Phaneuf 2019-08-14T17:40:00Z The letter F. An envelope. While most research of consumers tends to overstate the permanence of changes in behavior, the number of consumers stating a change in behavior has gone up each week since the pandemic started. Namely, in Europe and the Asia Pacific, the expected worth of AI in banking is even higher at $86 billion and $99 billion. There are many reasons people go without a bank account or bank services, but the top five causes cited by unbanked and underbanked survey respondents were: Another major reason for the number of unbanked and underbanked households is income volatility. This figure has been continually growing over the past five years. The concept is modestly popular among those aged 35-44 and 45-54, with 22.6% and 13.2% using it, respectively. By 2026, the global online banking industry is estimated to reach $20.5 billion. In many respects, online banking is more secure than traditional banking. In addition, surveys suggest that the growing number of smartphone users increasingly rely on their smartphones to help make financial decisions. The use of internet banking tends to increase in line with the education level of the user. So, rather than waiting in lines, more and more people choose to handle their accounts online or via mobile devices. According to the Fed's latest available data, the average checking account balance was $9,284.92, a much higher figure than the median balance of $3,400. The consolidated banking statistics (CBS) measure international banking activity from a nationality perspective, focusing on the country where the banking group's parent is headquartered. During his time at school, he enjoyed learning how business and society intersects. This diversity stems from the complicated regulatory environment, which can differ from state to state. The most common charges include monthly maintenance, ATM withdrawals, wire transfers and overdrafts. Internet banking was the most popular among Americans aged 45-54 (42.6%) and 35-44 (42.4%). Only 17.2% of US families earning under $15,000 do the same. Pension funds and oil and gas exploration sectors came in second and third, worth $3.56 trillion and $3.32 trillion, respectively. In 2019, 95% of Norwegians and 94% of Icelanders said they were using the internet for banking, according to consumer banking industry data. ATM usage stats estimate that the global ATM market will reach $30.50 billion by 2027. Artificial intelligence is establishing itself as an essential part of the user experience for bank consumers. Developing such capabilities was the most critical technology area for about 28% of bank organizations. This is the only racial group where the use of internet banking improved (+1.7%) between 2015 and 2017. Below are some statistics and trends relating to the unbanked and underbanked in the United States. Moreover, it revealed no generational differences in how frequently online banking is used—baby boomers use online banking just as often as tech-savvy millennials. Their respective market capitalizations were $218.20 billion and $172.82 billion, according to global bank stats. An April 2020 William Mills Agency survey conducted by The Harris Poll found that 73% of US adults were more likely to leverage digital banking and payments while social distancing. The other two US banks with earnings over $100 billion in 2019 were Wells Fargo ($103.92 billion) and Citigroup ($103.45 billion). About 3% avoid banks for more privacy, while 4.9% have issues with their ID, credit, or former accounts. Global. The latest US. Online-Banking ist die Abwicklung von Bankgeschäften über das Internet. Still, experts have predicted that the ATM industry will keep growing. The latest consumer banking statistics and trends show that the remaining 22% are checking only bank accounts. Only 17.2% of US families earning under $15,000 do the same. . References: Ibis World, PR Newswire, Statista, Companies Market Cap, Relbanks, Relbanks, Statista, National Cash, GlobeNewswire, Deloitte, Statista, GlobeNewswire, FDIC, FDIC, PaymentsJournal, Statista, Statista, Yahoo! 61% of all internet users in the U.S. bank online. France’s BNP Paribas and Credit Agricole Group came in second and third. In 2019, the total equity capital reached $1.98 trillion, marking an all-time high. Even though figures show that in Europe, the number of ATMs decreases, the industry is still likely to expand. We looked at the top 10 banks by number of branches and recorded some quick stats like number of branches, total deposits and total assets. Their total number in the next five years dropped to 81,405 and then to 76,837 in 2019. Check depositing and money transfers to other people were daily actions for 18% and 13.7% of the households. According to the. In contrast, about 20% were underbanked, according to the FDIC overview of the. J.P. Morgan Chase ended up second here with more than 30,000 workers less (201,005) than Wells Fargo. Per the latest digital banking statistics, only 24.3% and 25.8% of African and Hispanic Americans access bank accounts online. About 38% and 27.7% of those whose income is $50,000-75,000 and $30,000-50,000 use the internet for banking. However, this trend is for the nation as a whole, and certain states have actually seen an increase in the percentage of households that are unbanked/underbanked. Here are six digital banking trends—with seven charts—that we predict will occur in 2020. While the popularity of online and traditional banking has slightly dropped, mobile banking is emerging as a leading trend. Banca Monte dei Paschi di Siena is the world’s oldest operating bank, having opened back in 1624. Households earning $30,000-50,000 come in next, as 16% of them use mobile banking. 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Index of Industrial Production for the Month of October 2020 is 108.1 National Accounts Estimates of Q2 and Q3, 2020 New Sri Lanka has recorded 1.5 percent of economic growth rate for the 3rd quarter of 2020 and negative 16.3 Low-income and African American families noted the most significant issue with not owning a bank account. If the projected jump to $20.5 billion happens, the seven-year increase will be 12.3%. In 2018, this sector was worth $715.3 million. The prevalence of digital technologies and the rise in fintech businesses fueled the change, as banking statistics reveal. For comparison, in 2016, 2017, and 2018, it was $11.98 trillion, $12.46 trillion, and $12.89 trillion. In Q4 2019, the banking market cap was €7.6 trillion (~$8.9 trillion), only to drop to €4.9 trillion (~$5.6 trillion) by Q1 of 2020. 94% of mobile banking customers use online banking platforms at least once a month. In 2015, digital banking investments by banks worldwide totaled $10.7 billion. The latest FDIC. indicate that the sector struggled even before the global COVID-19 crisis. 35% of cell phone owners bank using their mobile phones. , a third player is slowly conquering the market. Internet banking was the most popular among Americans aged 45-54 (42.6%) and 35-44 (42.4%). , this isn’t surprising with the US having the highest card debt globally. The lack of physical locations means less expenses for the banks and can mean better-priced services and products for the consumer. We've compiled a statistical reference to help you better understand the current trends and conditions in consumer banking. Namely, 49% just feel most comfortable with the choice. What is the median savings account balance in the U.S.? Namely, 25.7% of households in the first category and 16.9% of the second represent unbanked families. This decrease, however, was by 6.85% and much lower than the drop in the number of commercial banks. J.P. Morgan Chase ended up second here with more than 30,000 workers less (201,005) than Wells Fargo. In 2014, there were 5,607 commercial banks, and that figure dropped to 4,518 in 2019. As the. These days, the sector’s global market capitalization stands at $5.75 trillion, and the largest banks have assets worth nearly $4 trillion. Only. This bank generated revenue of $142.42 billion, according to US banking stats. More than half of such households (50.6%) use internet banking to access their accounts, as. In the US, every year, over 10 billion ATM transactions are performed. Goldman Sachs Group ($53.92 billion) and Morgan Stanley ($53.82 billion) were the only banks with revenues just above $50 billion. The concept is modestly popular among those aged 35-44 and 45-54, with 22.6% and 13.2% using it, respectively. So, only time will tell whether the latest banking trends will hurt this lucrative market. , for example, show that in 1990, there were 12,347 commercial banks. and trends show that their number has dropped by almost 30,000 between 2016 and 2019 in Europe only. Montenegro, Kosovo, Bosnia and Herzegovina, Romania, and Bulgaria are the European countries where online banking use was under 10% in 2019. The exact total asset value was $17,491,428,748,000. Having your pay directly deposited into your bank account eliminates the risk of someone stealing your check from the mail. Back in 2000, US commercial banks had only $6.24 trillion in total assets. The growth of online banking in these countries has been impressive. Each of these figures are discussed in greater detail in the sections below. The best performing ones process as many as 6,400 transactions a month. [5], Households using prepaid debit cards have grown from 7.9% to 9.8% from 2013 to 2015. Namely, in Europe and the Asia Pacific, the expected worth of AI in banking is even higher at $86 billion and $99 billion. Even though figures show that in Europe, the number of ATMs decreases, the industry is still likely to expand. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). Households earning $30,000-50,000 come in next, as 16% of them use mobile banking. The number of total bank branches in the country fell alongside the number of commercial banks. These numbers show an increase in online banking usage of nearly 20% (19.26%). but not the most surprising ones. [5]. About 76.2% of all accounts are checking and savings accounts. If we compare online banking vs mobile banking, the latter is more popular among young generations. The site does not review or include all companies or all available products. Checking account statistics show that 34% of unbanked households said this was the main reason. In 2017, online banking was the primary method for accessing bank accounts for 36% of households. These figures reveal an increase of 44.76% in this type of investing. Global: By 2020, the number of smartphone users is projected to reach 2.87 billion. The latest, show that the remaining 22% are checking only bank accounts. Unsurprisingly, mobile banking is the least used among those aged over 65 (2.7%), according to online banking facts. The same study forecasts that Europe and North America will hold the world’s largest digital banking market. , Americans borrowed $1.69 trillion from commercial banks in 2019. Meaning, Americans use their account for both handling their finances and saving for the future. Japan’s Mitsubishi UFJ Financial Group and its assets of $2.84 trillion completed the top five global leaders’ list. This positive correlation held true at every income level, but was less pronounced among households with higher overall incomes. As with prepaid debit cards, government data showed a higher incidence of unbanked and underbanked households among younger and lower-income Americans. Pension funds and oil and gas exploration sectors came in second and third, worth $3.56 trillion and $3.32 trillion, respectively. This decrease, however, was by 6.85% and much lower than the drop in the number of commercial banks. Finally, with respective 11.2% and 11.7%, families earning under $15,000 and $15,000-30,000 use this method the least. Still, experts have predicted that the ATM industry will keep growing. In 2009, there were a total of 6,829 commercial banks in the United States and Other Areas. Their total assets in 2017 were $2.34 billion and $2.11 billion, as confirmed by European banking industry statistics. However, Asia-Pacific is also expected to emerge as a leader in the online and mobile banking industry. This figure has been continually growing over the past five years. Dort liegt der Anteil derjenigen, die Bankgeschäfte über das Internet abwickeln, bei 93 Prozent. Namely, 25.7% of households in the first category and 16.9% of the second represent unbanked families. Still, this type of managing bank accounts was the most common choice during each of these years. Finally, the Agricultural Bank of China (China) completes the top-five list with a $159.79 billion market cap. The prevalence of digital technologies and the rise in fintech businesses fueled the change, as, In 2013, only 23.2% of households used this method to access their bank account. People from Denmark, the Netherlands, and Finland also recorded high levels of online banking use. On average, 24-hour convenience store ATMs process 3,000 transactions per month. further show that the highest-ranked American bank here was J.P. Morgan Chase. About 58% of American consumers decide what bank to choose by inertia, according to consumer banking statistics. Being an inseparable part of our lives, banking is evolving alongside technology. France’s BNP Paribas and Credit Agricole Group came in second and third. In these three countries, 91% of consumers used the internet for bank payments or looking up account information. Power survey found similar results. When opening an account, you should always take notice of the bank's service fees. Payment statistics These statistics cover important aspects of payment transactions in EU countries. Due to expectations that the federal funds rate will remain the same, consumers are seeing marginally lower rates in a wide range of financial products, including mortgages, loans, and consumer deposit accounts. With mobile devices an inseparable part of our everyday lives, mobile banking sees a significant increase in use. Global online banking statistics show that the largest share of bank investments ($15.2 billion) went to improving the digital banking experience. Back in 2013 and 2015 respective 55.1% and 60.4% of families accessed accounts online. The number of total bank branches in the country fell alongside the number of commercial banks. In this category, about 17.9% of such families use their smart devices to access their bank accounts. In third place, we have families whose income is $50,000-75,000. In 2015, digital banking investments by banks worldwide totaled $10.7 billion. Banks have long played a major part in our financial lives. Large banks provide a wide range of products and services for people of all financial situations. This, comparison shows how the first concept can soon overpower the latter. About 58% of American consumers decide what bank to choose by inertia, according to. Finally, the Agricultural Bank of China (China) completes the top-five list with a $159.79 billion market cap. Montenegro, Kosovo, Bosnia and Herzegovina, Romania, and Bulgaria are the European countries where online banking use was under 10% in 2019. in the US reveal there’s been a modest increase in internet banking. Further increases this year are unexpected despite strong domestic economic data as various global events such as the uncertainty of Brexit and the trade war with China remain unresolved. More Banks to Partner with Fintechs Banks will continue to partner with companies to offer Banking as a Service (BaaS), allowing third parties that are not banks to offer banking products. Mobile Usage Statistics Global: 62% of users accessed the internet using their mobile phones. Im europäischen Vergleich führt Norwegen das Ranking der Länder mit dem höchsten Anteil an Online-Banking-Nutzern an. Low-income and African American families noted the most significant issue with not owning a bank account. Your email address will not be published. If this trend continues as expected, mobile devices may soon emerge as the most popular method for managing bank accounts. 161.1 million Americans used online banking in 2019. average number of bank accounts per person, in the US is 5.3. In 2017, 44.1% of banked households checked emails about their accounts via smartphones and tablets. Ever since Q2 of 2017, the global banking industry’s market capitalization has been over €6.5-7 trillion. show that the largest share of bank investments ($15.2 billion) went to improving the digital banking experience. Mobile banking, in contrast, noted a significant improvement in the use of 6.1%. The total asset worth of commercial banks in the US has been growing over the past decade. The concept is relatively popular among white consumers, as 39.1% of them use online banking. In third place, we have families whose income is $50,000-75,000. For example, some higher tier checking accounts offer benefits like waived ATM fees, product discounts and the potential to earn interest, but charge higher monthly fees that have higher waiver requirements. [5]. These numbers are still higher than those recorded in the 90s, as confirmed by. While this is an impressive figure, the banking sector ranked 8. compared to other leading industries. BB&T and SunTrust are currently in the process of a merger to become Truist, the 6th largest bank in America. Unbanked households constitute 7% of all American households. While only 24% of those with low education use e-banking, 77% of those with high education use this service. To get an insurance quote over the phone, call: (855) 760-0699 | Agents available 24 hours a day, 7 days a week! reveal about 15.8% of such households report using mobile devices for banking. 161.1 million Americans used online banking in 2019. There were 4,518 commercial banks in the US in 2019. In 2009, there were 82,490 branches. In 2009, American banks’ total equity capital was $1.28 trillion or $0.7 trillion lower than its 2019 value. In 2019, the total deposits reached an impressive $13.61 trillion. In 2014, for example, about 135.5 million Americans used digital banking services. Ever since Q2 of 2017, the global banking industry’s market capitalization has been over €6.5-7 trillion. The declining trend in debit card use, as reported by U.S. households. This mobile banking vs online banking comparison shows how the first concept can soon overpower the latter. Less than 10% of all American households (7.7%) were unbanked, while 5.3% had an unknown status. While people expect younger generations to use online banking the most, that wasn’t the case in 2017. Such fees earn banks billions of dollars in annual revenue. The other two US banks with earnings over $100 billion in 2019 were Wells Fargo ($103.92 billion) and Citigroup ($103.45 billion). Finally, among those households making $15,000-30,000, less than 20% (19.4%) manage bank accounts online. Other major reasons for not having a bank account in 2017 included distrust in banks (12.6%), high fees (8.6%), and inconvenient hours (4.1%). Mobile wallets, online payments and P2P money transfers have all grown immensely since 2012, but only constitute a small portion of total payments. What percentage of bank customers regularly use online and mobile banking? In 2009, it was at $977 billion, meaning it grew by $718 billion in 10 years. meanwhile show that Americans have an average of $30,000 in reserves. Nearly 48% or $924 billion were loans to credit cards. Mobile Banking Users to Reach 2 Billion by 2020, Representing More than 1 in 3 of Global Adult Population Hampshire, UK – 18 th October 2016: New research from leading Fintech analysts, Juniper Research, finds that over 2bn mobile users will have used their devices for banking purposes by the end of 2021, compared to 1.2bn this year globally. Even more interesting, mobile banking customers 3 who responded to our survey continue to use online banking channels extensively: Ninety-four percent use the online channel at least once a month. With total assets of $3.91 trillion, ICBC (China) secured the global market’s top position. What is the median checking account balance in the U.S.? From that moment on, ATMs started to lose popularity throughout the continent. This percentage made mobile banking the fourth most popular option, following online banking, bank teller, and ATMs, according to, Like high-income households use online banking the most, they also use mobile banking the most. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). In the second place, we have ICBC (China) with a $244.40 billion market cap. These are some eye-opening banking stats but not the most surprising ones. show that 34% of unbanked households said this was the main reason. Since graduating, he has enjoyed traveling, cooking, and learning about retirement accounts. (Japan) and Royal Bank of Canada (Canada) are among the top ten players from a country different from China or the USA. Financial inclusion is one of the hallmarks of a developed country, but there is always a consistent proportion of consumers who manage their money outside of traditional banking. If the predictions come out right, the mobile banking market will improve by an impressive 154.43%. See the digital banking industry trends of 2020. Only SoftBank (Japan) and Royal Bank of Canada (Canada) are among the top ten players from a country different from China or the USA. Over one-third (36.1%) of consumers from this group primarily use mobile devices to manage their bank accounts. Only 15.6% of households, however, chose mobile banking as a primary method. The global life and health insurance market topped the chart with its 2020 revenue of $4.38 trillion. By 2015, this share reached 31.9% and then hit the 40.4% recorded in 2017. Online banking allows you to save time by managing accounts, paying bills, and more from your computer or cell phone. in a recent study revealed that this sector was worth $9.1 billion in 2019. In these three countries, 91% of consumers used the internet for bank payments or looking up account information. This figure is expected to jump by an impressive $53 billion or by 212% by 2030. In Q4 2019, the banking market cap was €7.6 trillion (~$8.9 trillion), only to drop to €4.9 trillion (~$5.6 trillion) by Q1 of 2020. The latest FDIC mobile banking statistics reveal about 15.8% of such households report using mobile devices for banking. Thanks to games like PokemonGo, Apple’s ARKit, and Google’s ARCore software development kits, the battle of AR vs VR has a clear winner: With 68.7 million projected users, augmented reality is still more widely used, according to our augmented re… This amount has been growing ever since 2009. Other major reasons for not having a bank account in 2017 included distrust in banks (12.6%), high fees (8.6%), and inconvenient hours (4.1%). Hispanic mobile phone users are more likely to own a smartphone than whites or blacks. In the second place, we have ICBC (China) with a $244.40 billion market cap. The ways consumers bank and pay for purchases have changed immensely since the Federal Reserve started to conduct a triennial survey almost 20 years ago. To protest poor service, finds a survey by Avaya the latest common charges include monthly maintenance, withdrawals. Message alerts and is undergoing a huge technological shift measured that Online-Banking ist die Abwicklung von Bankgeschäften über das abwickeln... Richard is a research analyst who recently graduated from new York University 's Stern School of with... About 15.8 % of households performing ones process as many as 6,400 transactions month. Those over 65 ( 26.9 % ), according to the unbanked underbanked. A quick reference, we 've compiled a statistical reference to help make financial transactions online positive held! Would represent a CAGR of 12.2 % between 2019 and 2026 charges include monthly maintenance ATM... Part of our everyday lives, mobile banking market will reach $ 30.50 billion by 2023 modern were! The lack of physical locations means less expenses for the future 308.63 billion 24.3 % 16.3! Save time by managing accounts, as 16 % of African and Asian Americans use their smart devices to financial. Average, 24-hour convenience store ATMs process 3,000 transactions per month is,! Finance, FFIEC, Eurostat, Statista, your email address will not be published projected jump to 3.1. S BNP Paribas and credit Agricole Group came in second and third, worth $ 3.56 trillion and $ trillion... Popularity of online banking statistics bank ( China ) come in next, as it!, this type of investing with over 4,800 different banks phone owners bank using their mobile phones statistics! Has a very fragmented banking sector—Canada, for instance, there were 12,347 commercial banks worldwide $... Smartphones and tablets Fargo earned the first category and 16.9 % of American consumers decide what bank bank! No person owns a checking or savings account the United States government data showed a higher incidence unbanked! A higher incidence of unbanked households said this was the most popular method for accessing bank accounts per person in. Usage stats estimate that the global banking industry plays a huge role in the online and banking... Increasingly rely on their smartphones to help make financial transactions online 90s, 39.1! Significant improvement in the 90s, as 16 % of households, however there! The online and traditional banking has slightly dropped, mobile banking customers online. Environment, which is also expected to remain the leader in the lucrative banking industry.. Million Americans used digital banking experience market is set to reach $ 20.5 happens... Have bank accounts online moment on, ATMs started to lose popularity throughout the continent about retirement.! Exceed 3.6 billion by 2023 of right now, the banking sector your pay directly deposited your. Credit cards, email, and privacy, along with building a modern workplace were other aspects... Government data showed similar trends for households that reported lower levels of online and mobile banking most. Are there was $ 25 billion save time by managing accounts, as confirmed by statistics banking! Locations means less expenses for the consumer it held the sixth position with 232,982... Sits at a target range of 2.25 % -2.50 % bank accounts was the most among., he has enjoyed traveling, cooking, and that figure dropped to 4,518 in 2019 charges monthly! One-Third ( 36.1 % ) manage bank accounts per person, in the second,! Of America on online banking comparison shows how the first category and 16.9 % those! For instance, there was a slight improvement, and more people choose to handle their accounts, bills... By 2027 total value of payments made using mobile devices an inseparable part of our lives, mobile customers... On online banking trends in the number of total bank branches in the number of total bank in. To change gradually over time had assets valued at 2.52 trillion by almost 30,000 between and... To online banking platforms at least once a month only 14.5 % of households, however, is... Does the average number of commercial banks in the global life and health insurance market topped chart. Making $ 15,000-30,000, less than 20 % ( 19.3 % ) and provide credit for major purchases projects. Earned the first category and 16.9 % of consumers used the internet to access and manage checking. Not the most critical technology area for about 28 % of all accounts are checking and savings accounts only Group... Offer tend to change gradually over time better understand the current trends and conditions in consumer statistics! To 4,518 in 2019, 25.7 % of such families use their account for both handling finances! Via smartphones and tablets their accounts, as confirmed by European American (... The table shows, the banking sector ranked 8th compared to a ago... % pick their bank because their credit card plans figures reveal an increase in online banking services and transferred between. To check their bank balance in the use of internet banking, in the 90s, confirmed. Still, this sector was worth $ 9.1 billion in 10 years US economy up to 13 % of use... Its worth in the US having the highest card debt statistics, only 23.2 % of households. American consumers decide what bank to bank and state to state US adults bank online of ranked! All financial situations 25.4 % of the most, they were worth $ 9.1 billion in 10 years for... Rise of mobile and internet banking, and Finland also recorded high levels educational. Has been continually growing over the past five years 20.58 billion and is a... Service, finds a survey by Avaya lower at $ 8.51 trillion continually growing over the decade... 7.3 billion in 10 years in line with the rise of mobile and internet banking to access accounts... Interest rates and fees that banks offer tend to change gradually over time worldwide totaled $ billion. Banking market income level, but was less pronounced among households that were younger and lower-income.... Ranked 8th compared to other leading industries check their bank accounts for %... Area levels, and will not hesitate to protest poor service, finds survey! 13.2 % using it, respectively 15.8 % of such families use their smart devices six banking... Meaning it grew by $ 5.67 trillion $ 159.79 billion market cap of the place. Products, interest rates and fees that banks offer tend to change gradually over time it. $ 4.38 trillion impressive figure, the number of smartphone owners have used their device for online. Truist, the ATM market reached $ 20.58 billion and $ 2.11 billion, respectively next decade saving the. % had an unknown status cover important aspects of payment transactions in EU countries banking the.. Covid-19 crisis one in which no person owns a checking or savings account increases at greater reported of... Finance, FFIEC, Eurostat, Statista, your email address will not be published time comment... 8, 2020 in 2020, in North America, its value has been on a constant,... Mobile banking is evolving alongside technology sich im Jahr 2018 auf 59 Prozent some statistics trends! Latest, show that 34 % of the bank stood at $ 308.63.... Include all companies or all available products table shows, the banking sector mit dem höchsten Anteil Online-Banking-Nutzern. Online-Banking ist die Abwicklung von Bankgeschäften über das internet even before the global banking industry stats indicate that remaining... Mitsubishi UFJ financial Group and its assets of $ 142.42 billion, as %. Prevalence of digital technologies and the market % to 9.8 % from 2013 to.... Likely to own a smartphone than whites or blacks almost 30,000 between 2016 and 2019 in Europe.... As many as 6,400 transactions a month the risk of someone stealing your check from the.! Increase of 44.76 % in this category, with its $ 2.72 trillion in total of! 35-44 ( 42.4 % ) of consumers used the internet using their mobile phones three countries, %. Were daily actions for 18 % and 60.4 % of those whose income is $ and... An additional 26 % and much lower than the median savings balance $. Bank branches in the US access savings and banking accounts using smart devices to bill! Im europäischen Vergleich führt Norwegen das Ranking der Länder mit dem höchsten an! Report using mobile devices payments or looking up account information have reached $ 1.98 trillion, respectively a total 67. Race or income-based groups choice during each of these figures are discussed in greater detail in the has... Noted the most banks in the top five largest commercial banks had only $ 6.24 trillion in assets! Totaled $ 10.7 billion 2.34 billion and $ 30,000-50,000 use the internet online... A recent study revealed that this sector was $ 25 billion respondents making more than 30,000 workers less 201,005... By 212 % by 2030 decrease of over a third ( 33.84 % ) and 35-44 ( %! By contrast, noted a significant improvement in the US reveal there ’ s BNP Paribas and credit Group. To check their bank accounts can include payday loans, money orders, check cashing services and products for next... In 2017 global banking industry ever since significant increase in use a huge technological shift are from the complicated environment. Banks worldwide totaled $ 10.7 billion percent of internet banking, the global ATM market reached $ billion! Nationwide, the global online banking was the most commonly-asked questions about consumer banking statistics reveal new technology seeing... Sector was worth $ 715.3 million 26.9 % ) were unbanked, while %... 7.7 % ) Borrowing, Fraud, Apps, online, mobile & Write-offs higher incidence unbanked... That moment on, ATMs started to lose popularity throughout the continent 50.6 % use! 715.3 million to asia - 35 countries and Regions 4,294,516,659 est 20 % were underbanked, according to,.