Internet banking transactions now consistently hit over £1 billion a day a study has shown.

The study does not show the percentage of transactions made on phones, tablets or PC`s, but the rise is probably due to the increase in mobile banking and the rise of new apps to aid this.

The research shows that over 15,000 online banking applications have been downloaded every day. This total`s over 14.7 million bank applications have now been downloaded.

The report does also show that many people still prefer online internet banking as opposed to mobile phones, especially when large transactions are involved.

The rise of online banking, including mobile and internet has ultimately led to a fall in the use of bank branches. However people still like to use the branch for important moments such as mortgages and financial advice.

Business Banking

Business banking has also seen a large increase of its customers using applications to aid with the running of the business. Your Virtual Office London can help get you a business bank account with Barclay’s. We are able to fast track your application and this is all totally free, just another great service we provide to all our clients. If you need advice or help do not hesitate to contact us today.