Too scared to talk money face-to-face?
By Dan Ilett
Published: 4 August 2006 13:25 GMT
One-quarter (24 per cent) of Brits use the internet for banking because they are too embarrassed to talk about finances on the phone or face to face, a study suggests.
A survey from Lloyds TSB found more than half of the respondents (54 per cent) have a preference for doing banking online to avoid discussing their money matters openly.
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Although people prefer to bank online than talk about their money, nine out of 10 (87 per cent) also said they bank online to save time, while almost three-quarters (70 per cent) think online banking makes life easier.
While 45 per cent of people said privacy is important for online banking, 43 per cent said they feel more comfortable applying for a loan online than in person.
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