Reasons to deposit paychecks into high street banks worldwide 2024, by age and gender

Published by Statista Research Department, Dec 5, 2024

A survey across 14 countries in North America, Europe, and Latin America revealed that security, ATM access, and convenience drive high street bank paycheck deposits. Age-related differences emerged: convenience was more important for older age groups, while security ranked highest among younger individuals.

Primary reasons to deposit paychecks into a high street bank worldwide in 2024, by age and gender

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Release date

August 2024

Region

Worldwide, Argentina, Austria, Brazil, Bulgaria, Canada, Chile, Colombia, Ecuador, Germany, Italy, Mexico, Peru, United Kingdom, United States

Survey time period

May to June 2024

Number of respondents

7,936 respondents

Age group

18 years and older

Method of interview

Online survey

Supplementary notes

The source phrased the question as follows: "What are some of the reasons why your paycheck goes into a high street bank? Select all that apply"

The results have been weighted to represent the entire population.

The source did not survey respondents from the Asia-Pacific region, Africa, or the Middle East

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