Data released by the British Bankers’ Association this month has shown an increase in mobile banking transactions of almost 105% between 2012 and 2013, going from 9.1 million to 19.6million.
The study, which looked at Barclays, Lloyds Banking Group, HSBC, RBS and Santander, found that the UK is now in line with most other countries, after being slow to catch on in previous years.
Text messaging from banks was also found to be on the rise, with 457.7 million texts being sent out by banks last year, communicating balances, borrowing limits and more.
Internet banking remains the primary way to conduct transactions, with companies investing in constant developments in both security and functionality.
Manage Your Finances On the Go With Harrington Brooks
Harrington Brooks’ customers on a Financial Management Plan will know our own new and improved online account has recently been launched, allowing access to balances, resources, the ability to send through creditor correspondence and much more.
We also provide the opportunity to receive updates, confirmations and reminders through text, so you can keep on top of your finances on the go.