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Main reasons for consumers to switch to digital bank in the United States in 2022

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Source

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Release date

September 2022

Region

United States

Survey time period

June 30 to July 7, 2022

Number of respondents

2,124 respondents

Citation formats

Reasons to adopt challenger banks in the U.S. 2022

Published by ÌÇÐÄÆƽâ°æ Research Department, Sep 12, 2022

According to a survey conducted among Americans consumers in 2022, lower costs offered by digital banks was one of the main reasons for switching to a digital bank. ** percent of the respondents indicated lower costs as an important factor for using a digital bank. Faster transfer of funds was another important feature of digital banks, with **** percent of the respondents indicating this as an important factor to adopt to a challenger bank.

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