Main reasons to deposit paychecks into neobanks worldwide 2024, by age and gender

Published by Statista Research Department, Dec 5, 2024

According to a survey across 14 countries in North America, Europe, and Latin America, people choose neobanks primarily for fast payments, convenience, and lower fees. However, age groups differed in their priorities: younger individuals valued faster payments more, while older generations prioritized convenience.

Primary reasons to deposit paychecks into a neobank 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

1,030 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 neobank? 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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