Internet banking use jumps by 62 percent

The ease of accessing banking services after hours has seen a big jump in New Zealanders embracing online banking.

A Nielsen survey shows a 62 per cent jump in internet banking over the past three years. Telephone banking has also risen, up 13 per cent, while branch visits are down 23 per cent.

Nielsen spokesman Donald Sheppard says most branch visits are now for deposits and people seeking banking advice.

He says the changes reflect busy lifestyles.

Mr Sheppard says there are people who are still wary of electronic banking, but most are learning to trust its security

- NEWSTALK ZB