Online banking has more than doubled both in Ireland and for Europe as a whole over the last decade, new official figures show. The Financial Services Union (FSU) said however that while consumer behaviour has changed there is still a need for banks to have a strong physical presence in Ireland. Data from Eurostat, the European Union’s statistics office published earlier this, reveals that 58 per cent of Irish citizens were using online banking last year. The lowest use of online banking was in Bulgaria and Romania at 5 per cent and 7 per cent respectively. Eurostat figures show use of online banking tends to increase in line with the education classified as having a high education level, avail of such services.

Source: The Irish Times January 19, 2018 10:41 UTC