Online Banking Takes Off

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WASHINGTON - (02/10/05) -- Almost 53 million U.S. adults nowbank online, an increase of 47% during the past two years,according to a new survey released Wednesday by the Pew Internet& American Life. In fact, online banking is the fastest-growingInternet activity, Pew said. Pew said its survey found that the useof online banking "grew like gangbusters" from 2000 to 2003, andthen again from 2002-2004. According to Pew, the biggest reason forthe increase in usage is a similar increase in home broadbandconnections to the Internet. Pew found that consumers withbroadband access are about twice as likely to have tried onlinebanking as those still using dial-up connections.

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