Recession turning Brits into obsessive bank balance checkers
February 5th, 2012
Money worries are turning cash-strapped Britons into a nation of “compulsive bank balance checkers”, according to a survey from Halifax.
A poll by the lender found that more than one in every five people check their account balance on a daily basis, while 22% of respondents admitted to taking a look at how much money they have at least three times a week. Around a quarter of people said they check their balance on a weekly basis, while a more relaxed 13% managed to limit themselves to checking in just once every month.
Nearly four out of every 10 people admitted to knowing how much is in their current account to the nearest £5. A further 23% could tell you how much money they have in the bank to the nearest £20. One in 20 of the 2,020 people who took part in the poll said they only knew their current account balance to the nearest £500.
Consumers under pressure from rising inflation and falling real incomes are being forced to keep a closer eye on their finances to make sure their accounts do not go overdrawn before they are paid.
Tags: Balance Checkers, Bank Balance, Bank Balance Checkers, Checkers
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