CashEdge Survey: Online Money Movement Options in Demand

In CashEdge’s third annual consumer survey, the online money movement vendor has found more people are increasingly interested in opening and funding accounts online, as well as conducting online funds transfers – including third-party options –at their banks.
Survey results show that 45 percent of those polled reported using online funds transfers, up from 37 percent in 2007; 58 percent have opened an account online; and 25 percent who had not done so expressed an interest in online account opening.
CashEdge also noted a surge in interest in person-to-person accounts funds transfer (now 88 percent).
Most of those polled (73 percent) expect same-day availability of funds in a new account opened via online channels. The survey shows that a majority of financial services customers (58 percent) have now opened an account online, while 82 percent expect to have the option available to them.