Results for - Do you love going to the Bank?

3,179 voters participated in this survey

America's banks have rapidly shut down branches over the past decade to slash costs and adapt to a world in which deposits can be made on smartphones. The number of US bank branches has shrunk by more than 3,000 since 2010. Yet new research suggests banks should think twice before they shut down their next bank branch: Many customers, especially younger ones, still regularly rely on physical banks to make deposits, get paper money and even pay bills. Seventy-two percent of GenZ consumers visit a physical bank branch at least monthly.

1. Do you have a bank account?

Yes
88%
2,736 votes
No
12%
364 votes

2. Do you use online banking to manage your cash flow effectively?

Yes
65%
2,003 votes
No
27%
842 votes
Not Applicable
8%
255 votes

3. Do you enjoy visiting a physical bank to pay your bills/deposit money?

Yes
39%
1,208 votes
No
42%
1,292 votes
Undecided
11%
329 votes
Not Applicable
9%
271 votes

4. If yes, do you take your children/grand children with you so that they can learn about banking, in general?

Yes
14%
423 votes
No
23%
704 votes
Not Applicable
64%
1,973 votes

5. Which of the following do you prefer in terms of convenience?

Online Banking
39%
1,208 votes
Physical Banking
20%
608 votes
Both
32%
989 votes
Not Applicable
10%
295 votes
11/22/2019 Business 3179 59 By: Tellwut

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By: Tellwut