GITNUX MARKETDATA REPORT 2024

Millennials Banking Statistics: Market Report & Data

Statistic 1

"44% of millennials have used contactless payments in the past year."

Sources Icon

Statistic 2

"55% of millennials are interested in cryptocurrencies for banking and investment."

Sources Icon

Statistic 3

"78% of millennials prioritize low fees when choosing a banking provider."

Sources Icon

Statistic 4

"71% of millennials use digital wallets such as Apple Pay and Google Wallet."

Sources Icon

Statistic 5

"Only 22% of millennials visited a physical bank branch in the last six months."

Sources Icon

Statistic 6

"84% of millennials say they would prefer to use a bank that offers them better rewards (e.g., cashback, points)."

Sources Icon

Statistic 7

"Nearly 90% of millennials want mobile features like cardless ATM access."

Sources Icon

Statistic 8

"60% of millennials would consider switching to a non-traditional, tech company for banking services."

Sources Icon

Statistic 9

"69% of millennials regularly use e-bill payments for their monthly expenses."

Sources Icon

Statistic 10

"33% of millennials have experienced fraud or identity theft in the past year."

Sources Icon

Statistic 11

"67% of millennials use or are interested in using robo-advisors for financial advice and investments."

Sources Icon

Statistic 12

"37% of millennials have used a personal finance app to budget their spending."

Sources Icon

Statistic 13

"26% of millennials invest through online brokerages like Robinhood."

Sources Icon

Statistic 14

"47% of millennials have switched banks for better digital services."

Sources Icon

Statistic 15

"21% of millennials have accounts with digital-only banks."

Sources Icon

Statistic 16

"73% of millennials prefer handling financial transactions digitally rather than visiting a physical bank branch."

Sources Icon

Statistic 17

"63% of millennials use mobile banking apps regularly."

Sources Icon

Statistic 18

"81% of millennials believe that clear and transparent policies are essential in banking."

Sources Icon

Statistic 19

"34% of millennials rely on peer-to-peer payment systems like Venmo and PayPal."

Sources Icon

Statistic 20

"49% of millennials are open to getting financial advice from AI and chatbots."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!