Half of Americans Use Mobile Banking App at Work

Half of Americans Use Mobile Banking App at Work

June 29, 2015         Written By Natalie Rutledge

Over half of Americans (54%) use mobile banking apps at work, and 1 in 10 have used it while in a client meeting, according to a new survey from Chase. The study found that mobile banking app usage has increased by 33% from 2014 to 2015.

The survey looked at where mobile banking apps are being used. 39% of Americans use mobile banking at a restaurant, 38% have used it in a checkout line at a store and 28% have used it during their commutes to work. What is even more surprising is that 17% of participants admitted to using mobile banking while on dates.

“This survey tells us what our customers have shown us over the last two years. They love the ease of handling their routine banking online, on their phone and at an ATM,” said Barry Sommers, CEO of Chase Consumer Banking.

There were gaps in usages by generation. 67% of Millennials reported using mobile banking apps, compared to 55% of Gen Xers and just 33% of Baby Boomers. 25% of Millennials said they had used their phones to pay bills, while 24% said they paid their bills with their bank’s website or online portal.

The survey also studied ATM usage. 70% of respondents said they used an ATM to check their account balance or transactions, and 64% used one to deposit checks. 46% said they used an ATM to transfer money between accounts.

The information contained within this article was accurate as of June 29, 2015. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Natalie Rutledge

Natalie Rutledge majored in Communications at Mississippi State University. She was in sales for a number of businesses and spent nine years working as a communications advisor to various entities. Natalie can be contacted directly at natalie@lowcards.com
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