The survey was conducted through an online panel with respondents from the following countries in Latin America: Argentina (400), Brazil (816), Chile (411), Colombia (403), Mexico (806), Peru (397).
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Customer opinion about bank transparency in Latin America 2023
An online survey conducted in December 2023 across *** Latin American countries revealed that ** percent of respondents believed banks should inform customers about how their money is used, as it is their right to know. Meanwhile, ** percent of participants said that banks should provide warnings regarding how their money is being used. Although **** percent of respondents reported that banks do offer advice, they found the information difficult to find as it was hidden in large volumes of documentation. When asked if banks communicate clearly on how banks use customers' financial resources, ** percent of respondents stated that their banks do not communicate transparently and would like more insights on how banks decide where to invest their money. In contrast, only ** percent of the respondents were satisfied with the transparency of the information provided by their banks.
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Sherlock Communications. (February 7, 2024). Customer attitude towards transparency in how banks use their financial resources in Latin America in 2023 [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 31, 2026, from /statistics/1464880/customer-opinion-bank-transparency-latin-america/
Sherlock Communications. "Customer attitude towards transparency in how banks use their financial resources in Latin America in 2023." Chart. February 7, 2024. ÌÇÐÄÆÆ½â°æ. Accessed July 31, 2026. /statistics/1464880/customer-opinion-bank-transparency-latin-america/
Sherlock Communications. (2024). Customer attitude towards transparency in how banks use their financial resources in Latin America in 2023. ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 31, 2026. /statistics/1464880/customer-opinion-bank-transparency-latin-america/
Sherlock Communications. "Customer Attitude towards Transparency in How Banks Use Their Financial Resources in Latin America in 2023." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 7 Feb 2024, /statistics/1464880/customer-opinion-bank-transparency-latin-america/
Sherlock Communications, Customer attitude towards transparency in how banks use their financial resources in Latin America in 2023 ÌÇÐÄÆÆ½â°æ, /statistics/1464880/customer-opinion-bank-transparency-latin-america/ (last visited July 31, 2026)
Customer attitude towards transparency in how banks use their financial resources in Latin America in 2023 [Graph], Sherlock Communications, February 7, 2024. [Online]. Available: /statistics/1464880/customer-opinion-bank-transparency-latin-america/