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mo4ch:>Rural residents hang up on mobile banking, regulator finds

Rural residents hang up on mobile banking, regulator finds

Rural residents hang up on mobile banking, regulator finds


By Kevin Peachey
Personal finance reporter






20 June 2018









Image copyright
Getty Images



Consumers in rural areas of the UK are far less likely to use their smartphones for banking than their urban counterparts, a survey says.The findings, from the UK's financial regulator, are set to reignite the debate over bank branch closures - particularly in rural locations.However, its report also suggests that those in rural areas are more satisfied with their financial circumstances.The Financial Conduct Authority also exposed a north-south savings divide.The data comes from a renewed assessment of a survey of 13,000 people's financial lives by the FCA.


The survey, first published in October last year, found an estimated 4.1 million people are in financial difficulty due to missed domestic or credit bills.An older population and patchy broadband and mobile coverage will be among t…