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Help all bank customers access web accounts, says Which?

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  • Help all bank customers access web accounts, says Which?

    Help all bank customers access web accounts, says Which?

    Which? says banking online does not suit everyone
    Banks have been urged to provide online access inside branches to help avoid "digitally excluded" customers missing out on the best deals.
    A report from Which? magazine said online savers on average earned 37% more interest than those who only had branch-based accounts.
    And it said travel insurance was up to 355% more expensive to buy in person.
    The British Bankers' Association said banks reserved the right to offer the best deals where they could.
    Which? said branch-based instant access accounts paid 0.65% a year on average compared to 1.14% for web savers.
    Digital exclusion Investors could get a one-year fixed-rate bond at an average of 2.58% over the internet, but just 2.34% in a branch.
    Interest rates for online Isas averaged 1.84%, which fell to 1.53% for branch-based products.
    Government figures suggest that up to four million people are "digitally excluded", meaning they do not have or cannot afford internet access.
    Which? chief executive Peter Vicary-Smith said: "Not everyone is comfortable or able to manage their finances online and these people are missing out on the best deals as a result.
    "Banks should be more inclusive by offering terminals in branches where customers could access online deals, with some help from staff."
    access web accounts, says Which?</H1> Which? says banking online does not suit everyone
    Banks have been urged to provide online access inside branches to help avoid "digitally excluded" customers missing out on the best deals.
    A report from Which? magazine said online savers on average earned 37% more interest than those who only had branch-based accounts.
    And it said travel insurance was up to 355% more expensive to buy in person.
    The British Bankers' Association said banks reserved the right to offer the best deals where they could.
    Which? said branch-based instant access accounts paid 0.65% a year on average compared to 1.14% for web savers.
    Digital exclusion
    Investors could get a one-year fixed-rate bond at an average of 2.58% over the internet, but just 2.34% in a branch.
    Interest rates for online Isas averaged 1.84%, which fell to 1.53% for branch-based products.
    Government figures suggest that up to four million people are "digitally excluded", meaning they do not have or cannot afford internet access.
    Which? chief executive Peter Vicary-Smith said: "Not everyone is comfortable or able to manage their finances online and these people are missing out on the best deals as a result.
    "Banks should be more inclusive by offering terminals in branches where customers could access online deals, with some help from staff."


    http://www.bbc.co.uk/news/business-11413090

  • #2
    Re: Help all bank customers access web accounts, says Which?

    "Banks should be more inclusive by offering terminals in branches where customers could access online deals, with some help from staff."

    LOL someone with 12 months to spare and the patience of a saint would be needed with my dad and mother in law :tinysmile_aha_t:

    Comment


    • #3
      Re: Help all bank customers access web accounts, says Which?

      Or just offer the same deals online and in branches.
      #staysafestayhome

      Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

      Received a Court Claim? Read >>>>> First Steps

      Comment


      • #4
        Re: Help all bank customers access web accounts, says Which?

        Originally posted by Amethyst View Post
        Or just offer the same deals online and in branches.
        They'll never do that of course
        "Family means that no one gets forgotten or left behind"
        (quote from David Ogden Stiers)

        Comment


        • #5
          Re: Help all bank customers access web accounts, says Which?

          Difficult enough for senior citizens to remember their pin numbers, let alone being computer literate!

          Comment

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