Finland: millennials using digital devices for financial activities 2018| ��ƽ��

Usage of digital devices for financial activities among millennials in Finland in 2018, by device and purpose

Characteristic	Smartphone	Tablet	Computer	Phone call	In real life
Send/receive money (domestic)	66%	0%	33%	0%	1%
Balance	66%	0%	33%	0%	0%
Transfer between accounts	64%	0%	36%	0%	0%
Make a payment	58%	1%	42%	0%	0%
Statements	48%	0%	52%	0%	1%
Send/receive money (international)	40%	1%	54%	0%	5%
Line of credit	35%	0%	52%	2%	11%
Bank deposit	24%	0%	17%	0%	59%
Car loan	19%	0%	13%	19%	50%
Find advisor	13%	8%	42%	4%	33%
House/apartment loan	9%	0%	16%	1%	74%
Bank withdrawal	8%	0%	12%	0%	79%
Make insurance claim (home)	8%	0%	83%	8%	1%
Claim other insurance	6%	0%	78%	15%	1%
Buy/sell stocks	5%	5%	85%	2%	3%
Buy other insurance	3%	0%	61%	29%	7%
Obtain insurance (home)	3%	1%	66%	23%	6%
Set up investments	3%	6%	78%	2%	11%
Deal with advisor	2%	9%	39%	11%	39%

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Release date

November 2018

More information

Region

Finland

Survey time period

Q4 2017

Number of respondents

31 respondents

Age group

18-37

Method of interview

Questionnaire

Supplementary notes

Exceeding and missing percentage points to 100 percent are probably due to rounding.

Citation formats

In 2018, 66 percent of the Finnish millennials used their smartphone when checking their account balance or sending money domestically. In terms of bank deposit or bank withdrawal, however, most of the respondents went to the bank in person. Both when it came to insurance and investments, most of the millennials managed this from the computer. In detail, 85 percent of the respondents bought or sold stocks via the computer. In general, the usage of tablet was not popular when handling financial activities among the Finnish millennials during this year.