Online banking is booming

Among 3,988 adults surveyed in the U.S. by Gartner Group, 47 percent said they now bank online. In the U.K, 30 percent echoed the same response.

Results varied according to income. Gartner found that over half of all consumers earning more than $30,000 in the U.S. and 15,000 pounds in the U.K. bank on the Internet. Among lower-income households, 25 percent in America and 17 percent in the U.K. use online banking.

Among people who don’t bank online, no one single reason was cited above all others, noted Gartner. Around 61 percent of U.S. households and 58 percent of those in the U.K. said they simply prefer to use other methods. However, 41 percent of U.S. consumers and 38 percent in the U.K. blamed security as the most important reason for not banking over the Internet. Read more at news.cnet.com