Branch banking usage decreased but remained relatively high between 2019 and 2024 among bank account holders in Canada. According to Statista's Consumer Insights, the share of bank account holders who processed banking affairs in person in a branch was 42 percent in mid 2024, six percentage points lower than in the first half of 2019. Branch banking usage was even higher in the U.S. during the same period, where almost half of all respondents still processed banking matters in person in 2024.
Share of bank account holders processing banking matters in person in a branch in Canada from 1st half 2019 to 2nd quarter 2024
The question was phrased by the source as follows: "How do you process your banking matters with the bank that you primarily use (e.g., transactions)? (multi-pick). Multiple selections of the following answers were possible: - In person in a branch - Mobile (smartphone / tablet) - Online (PC / laptop) - Telephone banking - Other - Don't know
The number of respondents differs in each survey update. More information on the methodology can be found here.
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Statista. (July 28, 2024). Share of bank account holders processing banking matters in person in a branch in Canada from 1st half 2019 to 2nd quarter 2024 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1396429/branch-banking-penetration-in-canada/
Statista. "Share of bank account holders processing banking matters in person in a branch in Canada from 1st half 2019 to 2nd quarter 2024." Chart. July 28, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1396429/branch-banking-penetration-in-canada/
Statista. (2024). Share of bank account holders processing banking matters in person in a branch in Canada from 1st half 2019 to 2nd quarter 2024. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1396429/branch-banking-penetration-in-canada/
Statista. "Share of Bank Account Holders Processing Banking Matters in Person in a Branch in Canada from 1st Half 2019 to 2nd Quarter 2024." Statista, Statista Inc., 28 Jul 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1396429/branch-banking-penetration-in-canada/
Statista, Share of bank account holders processing banking matters in person in a branch in Canada from 1st half 2019 to 2nd quarter 2024 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1396429/branch-banking-penetration-in-canada/ (last visited November 10, 2024)
Share of bank account holders processing banking matters in person in a branch in Canada from 1st half 2019 to 2nd quarter 2024 [Graph], Statista, July 28, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1396429/branch-banking-penetration-in-canada/
