Digital Only Banking Adoption 2021

6% of adults in the United States have a digital bank account.

As it stands, 6% of US adults have a digital bank account, which equates to an estimated 15,563,592 people. That figure is expected to hit 9% (22,437,512) by 2022 and 11% (29,311,432) by the year 2026 – an increase of 5 percentage points over the next 5 years.

Men more likely to have a digital only bank account

American men are more likely to have a digital bank account than women, with 7% of men compared to 5% of women saying they have an account.

Around the globe, men are about 2 percentage points more likely to have a digital bank account than women, which means the gender gap in the US between men and women of 2 percentage points is about in line with the global average.

People aged 25-34 are most likely to bank online

People aged 25-34 are more likely to have a digital bank account with 11% having an active service.

Which country has the most digital bankers?

Brazil has the most digital bankers (32%), followed by Indonesia and Ireland (25% each), Vietnam (23%), and Switzerland and Poland (22% each). On the other end of the spectrum, the United States has the smallest percentage of adults with a digital only bank account (6%), followed by Canada (9%), Finland, Denmark and Mexico (11% each).

Mexico is expected to have the strongest growth in the number of people with digital only bank accounts from 2021 to 2026 – an increase of 20 percentage points. Brazil, Vietnam, Malaysia and the Philippines are all expected to see a growth of 18 percentage points.

Did digital banks lose customers as a result of COVID-19?

Of the 30 countries Finder looked at for this study, Finder had previously run the same survey in 12 of those nations and regions in 2020. Interestingly, 6 out of those 12 countries saw a drop in the number of adults who said they had a digital only bank account.

Germany had the largest drop of 9 percentage points. The Netherlands saw the second-biggest drop of 7 percentage points, while Spain and Mexico closely followed at 6 and 4 percentage points, respectively. Meanwhile, countries like Singapore and Malaysia saw smaller drops of 2 percentage points and less than 1 percentage point, respectively. Bucking the trend, Ireland actually had an extra 10 percentage points of adults with a digital bank account in 2021 compared to 2020, and Brazil had an extra 5 percentage points.

However, all countries are expected to see an increase again by 2026. On average, 28% of people worldwide will have a digital bank account within the next 5 years, up from an average of just 17% in 2021.

Are men or women more likely to have a digital only bank account?

In 19 of the 30 countries surveyed, men are more likely to have a digital only bank account. Of these, the United Arab Emirates, Brazil, Finland and Japan had the biggest gender gaps of 8 percentage points each.

Meanwhile, in 9 countries, women are actually more likely to have an online-only bank account. Australia has a female-led gap of 3 percentage points, and Ireland and Canada both have a gap of 2 percentage points.

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For all media inquiries, please contact:

Susannah Binsted, Head of Public Relations United States


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