PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

What Are the Top 5 Banking Communication Methods for Consumers?

By PaymentsJournal
March 8, 2021
in Banking, Debit, Emerging Payments, Truth In Data
0
0
SHARES
0
VIEWS
Share on LinkedIn

How do consumers prefer to communicate with their banks? Despite the rapid growth of digital banking tools, traditional channels still play a significant role in how people manage their finances. In this episode of Truth In Data, we examine the top banking communication methods used by consumers and explore how mobile banking, online banking, branches, and ATMs continue to shape customer interactions. The findings highlight the ongoing challenge financial institutions face as they balance digital innovation with the personal service many customers still value.

Don’t miss another episode of Truth In Data! Click on the red bell in the lower-left of your screen to receive notifications as soon as the episode publishes.

Data for today’s episode is provided by Mercator Advisory Group’s Report – Digital Banking: Improvements Needed to Compete with Fintech

What are the top 5 banking communication methods for consumers?

  • Went into a branch and spoke with a teller at 71%
  • Thought an ATM at 61%
  • Accessed a mobile banking app using a smartphone at 46%
  • Accessing a FI’s website using a mobile device at 41%
  • When into branch and spoke with customer service rep at 41%

About The Report

The report, Digital Banking: Improvements Needed to Compete with Fintech, reveals that security issues are U.S. consumers’ primary reason for not making mobile banking transactions. Nevertheless, more consumers perform more banking activities online and by mobile, especially by smartphone, engaging more often with their financial institution, expanding and deepening the banking relationship and thereby becoming more loyal customers.

The report highlights trends in use of online banking via computer and mobile platforms, communication methods with financial institutions, use of personal financial management (PFM) tools, alerts, online bill-payment methods and electronic billing, person-to-person (P2P) money transfers, and the demographics of recent account openers. The study evaluates the account opening process online, use of mobile banking app compared to online banking by computer and mobile devices, U.S. consumers’ preferences of platform for making bank transactions, and their use and interest in voice-activated conversational interfaces.

0
SHARES
0
VIEWS
Share on LinkedIn
Tags: Banking AppBanking ChannelsBanking PlatformsConsumer BehaviorDigital Banking

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    agentic commerce

    Biometrics Are Here. Agentic Payments Aren’t—Yet.

    September 4, 2026
    swift cross-border

    P2P Payments Have Changed How Consumers Move Money. What’s Next?

    September 3, 2026
    holiday prepaid

    The Holiday Gift Card Outlook: Why Repeat Buyers Matter Most

    September 2, 2026
    co-branded debit cards

    A New Generation of Consumers Is Changing the Role of Debit Cards

    September 1, 2026
    BNPL for credit unions

    How BNPL Is Helping Credit Unions Strengthen Member Relationships

    August 31, 2026
    cross-border tokenized deposits

    Project Agorá Is Showing Banks Why Tokenized Deposits Matter

    August 28, 2026
    prepaid speed

    How Jumpstarting Gift Card Redemption Can Mitigate Breakage

    August 27, 2026
    ISO and ISV partnerships

    Building a Successful Payments Strategy: How ISOs and ISVs Can Drive Scalable Growth Together

    August 26, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2026 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result