Online banking is becoming much more common. Whether for the convenience or the control, online banking is an aspect of banking that nobody can resist. Online banking is a great feature, and most banks do offer it. Online banking comes with a number of advantages, attracting more and more people to join the bandwagon. In particular, it allows businesses and individuals to save a lot of time.
Since the early 1980s, innovations in online banking have made it easier for people to manage their money. Banks are offering more and more tools, information, and access to financial accounts to help customers achieve their financial goal. You can pay your bills online and access a record of your checking account transactions online. TowerGroup research projects that global usage of personal finance management tools will reach 70 million in 2014.
Let’s see how it all started in this visually-rich infographic by Yodlee and know who’s using the tools today.