Do You Bank Online? If Not, You Are Now In The Minority, Report Says

September 27, 2013 Updated Oct 30, 2013 at 6:40 AM EDT

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Do You Bank Online? If Not, You Are Now In The Minority, Report Says

September 27, 2013 Updated Oct 30, 2013 at 6:40 AM EDT

Do you bank online? If not, you are now in the minority according to a report released this week by the Pew Research Center.

According to the report overview posted on the Pew Research website:

Fifty-one percent of U.S. adults, or 61% of internet users, bank online. Thirty-two percent of U.S. adults, or 35% of cell phone owners, bank using their mobile phones.

These findings are based on nationally representative surveys by the Pew Research Center designed to track an activity that is often held up as a proxy for consumer trust in online transactions and as an example of how one industry has enabled data to flow among different institutions.

Both types of digital banking are on the rise. In 2010, 46% of U.S. adults, or 58% of internet users, said they bank online. In 2011, 18% of cell phone owners said they have used their phone to check their balance or transact business with a bank.