• Latest

America’s smartphone obsession extends to mobile banking

August 12, 2015
African Queen (1951)

Laura (1944)

September 26, 2023

Vermont Farm Service Agency is Accepting Emergency Conservation Program Applications

September 26, 2023

Governor Phil Scott Announces $5 Million In Funding Available For Homeowners To Fix Failed Wells And Septic Systems

September 26, 2023

North by Northeast: Navigating Your Small Business Sept 30

September 26, 2023

Montpelier Fall Festival

September 26, 2023

How to Replace Vital Documents Lost or Damaged by Floods

September 19, 2023

9th-12th Grade Students Invited to Submit to Bennington College Young Writers Awards

September 19, 2023

Ten Key Facts to Know About Federal Disaster Assistance

September 19, 2023
African Queen (1951)

Bram Stoker’s Dracula (1992)

September 19, 2023
Just Some Thoughts

The Blessings of Fall

September 19, 2023
African Queen (1951)

Amadeus (1984)

September 12, 2023

Montpelier Food Pantry Now in City Center

September 12, 2023
  • Home
  • Disclaimer
  • Privacy
  • Sitemap
Monday, October 2, 2023
The World Online
Advertisement
  • Home
  • News & Features
    • Local News
    • Letters & opinions
    • George Shuman
    • Max’s View
    • Local Sports & Outdoors
    • Births
  • Calendar
    • Art Exhibits
    • Calendar of Events
    • Ongoing Events
  • Obituaries
  • Submit
    • Submit Calendar Listing for Non-Profit Events
    • Submit An Article To The World
    • Submit Letter To The Editor
    • Submit Sports News/Photo
    • Submit Birth Announcement
    • Submit Engagement Announcement
    • Submit Wedding Announcement
  • Advertising
    • World Rates and Ad Sizes
    • World Distribution Map
    • World Deadlines
    • Audit and Reader Surveys
    • Advertising Inquiry
  • Classifieds
    • Place Classified Ads
    • View Current Classifieds
  • About Us
  • Contact Us
No Result
View All Result
  • Home
  • News & Features
    • Local News
    • Letters & opinions
    • George Shuman
    • Max’s View
    • Local Sports & Outdoors
    • Births
  • Calendar
    • Art Exhibits
    • Calendar of Events
    • Ongoing Events
  • Obituaries
  • Submit
    • Submit Calendar Listing for Non-Profit Events
    • Submit An Article To The World
    • Submit Letter To The Editor
    • Submit Sports News/Photo
    • Submit Birth Announcement
    • Submit Engagement Announcement
    • Submit Wedding Announcement
  • Advertising
    • World Rates and Ad Sizes
    • World Distribution Map
    • World Deadlines
    • Audit and Reader Surveys
    • Advertising Inquiry
  • Classifieds
    • Place Classified Ads
    • View Current Classifieds
  • About Us
  • Contact Us
No Result
View All Result
The World Online
No Result
View All Result

America’s smartphone obsession extends to mobile banking

by
August 12, 2015
in Business
0

There’s no denying it — smartphones have become essential to daily life. From the smallest to the most complex of tasks, we’ve adopted a mobile-first mindset. For an increasing number of adults, this means their smartphone is never too far out of reach.

In fact, if you’re like most Americans, your smartphone is your first and last interaction of the day. Nearly 71 percent of consumers sleep with their smartphones nearby and 35 percent say it’s the first thing they reach for in the morning, according to the second annual Bank of America Trends in Consumer Mobility Report. What’s more, 36 percent report checking their mobile devices “constantly,” and 38 percent never disconnect from their smartphones.

The survey, which explored broad mobile trends and banking behaviors among adults across the country, found the need for constant connectivity also extends to banking. Of those respondents who use a mobile banking app, 62 percent say they access it a few times a week or more, while 20 percent check once a day or more.

“We recognize how essential smartphones are to everyday life and banking is no different,” says Michelle Moore, head of digital banking at Bank of America. “For many of our customers, mobile has become the bank in their pocket, allowing them to bank with us when, where and how they want.”

The report revealed further insights into how consumers are using mobile to manage their money.

Mobile banking is the new normal. More consumers are using mobile banking to stay in control of their finances, with the survey revealing nearly six in 10 (57 percent) have at least tried mobile banking and 48 percent are active users. Fifty-one percent use either mobile or online as their primary method of banking, while just 23 percent complete the majority of their banking at a bank branch.

Mobile check deposit is on the rise. Consumers are increasingly benefitting from the convenience of mobile check deposit, using the feature to save themselves a trip to the bank. Sixty-three percent surveyed have used mobile check deposit, with older millennials (ages 25-34) the most likely to use it (72 percent).

Consumers trust alerts to stay in-the-know. Mobile banking alerts give consumers the flexibility to manage their finances via a range of customizable notifications. Many Americans are already taking advantage — the majority (81 percent) of mobile banking app users report receiving banking notifications via mobile, such as low balance (43 percent), unusual activity (41 percent) and bill pay (35 percent) alerts.

Mobile phones becoming mobile wallets. Consumers are increasingly receptive to new and emerging technology, particularly when it comes to mobile banking and payments. Approximately six in 10 (56 percent) surveyed would consider paying someone using person-to-person payments via mobile banking app. Additionally, 34 percent would consider or have already used their smartphone or wearable device to make a purchase at checkout.

For additional insights into consumer mobility and mobile banking, view the full Bank of America Trends in Consumer Mobility Report at https://newsroom.bankofamerica.com/press-kits/bank-america-trends-consumer-mobility-report .


Tags: America'sbankingextendsmobileobsessionsmartphone
Previous Post

What's the real cost of that auto repair? How to know if you're paying the best price

Next Post

Filling the gap: Community programs feed low-income children over the summer

Next Post

Filling the gap: Community programs feed low-income children over the summer

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This Week’s Ads

  • Home
  • About Us
  • Disclaimer
  • Privacy
  • Sitemap
The World
403 US Route 302
Barre, VT 05641
Phone: (802) 479-2582

Copyright © 2019 The World Online. All Rights Reserved. Powered by CoolerAds.

No Result
View All Result
  • Art Exhibits
  • Audit and Reader Surveys
  • Births
  • Calendar
  • Contact Us
  • Daily Horoscope
  • Fall Guide 2023
  • Food & Recipe
  • Home
  • Obituaries
  • Ongoing Events
  • Pay Your Bill Here
  • Senior Living Edition
  • Showtimes
  • Submit Birth Announcement
  • Submit Calendar Listing for Non-Profit Events
  • Submit Engagement Announcement
  • Submit Listing to our Local Directory
  • Submit Sports News/Photo
  • Submit Wedding Announcement
  • Testimonials
  • Weather Forecast
  • World Coupons
  • World Deadlines
  • World Distribution Map
  • World Rate Card
  • World Rates and Ad Sizes
  • Disclaimer
  • Privacy
  • Sitemap
  • About Us
  • Vermont Lottery
  • Advertising Information
  • The World Staff
  • Advertising Inquiry
  • Submit Letter To The Editor
  • Local Directory
  • Poll Results
  • Local Deals
  • Classifieds
  • Submit An Article To The World
  • Events
  • The World – This Week’s Online Digital Edition
  • The World Auto & Sports

Copyright © 2019 The World Online. All Rights Reserved. Powered by CoolerAds.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In