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eMarketer: More Than Half of Millennials Use Phones For Banking

Those ages 18 to 34 are more than twice as likely to bank on their phones as baby boomers

New York, NY — (Aug. 18, 2015) — Millennials are embracing mobile banking at a much higher rate than their parents and grandparents. According to eMarketer’s latest US mobile banking usage forecast, nearly 59% of 18 to 34-year-old mobile phone users in the country will access their bank, credit union, credit card or brokerage accounts via mobile browser, app, or SMS on their phones at least monthly this year. In contrast, fewer than 28% of baby boomers will use mobile banking in 2015.

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Douglas Clark
PR Manager, North America

Denise Duffy
PR Director, EMEA/APAC

Posted on August 18, 2015.