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Study shows some Americans would break up with their partner if they didn’t use mobile banking

Howard Olson by Howard Olson
February 12, 2021
in Banking
0

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Posted: Feb 11, 2021 / 08:42 PM EST
/ Updated: Feb 11, 2021 / 08:42 PM EST

Cash is fanned out from a wallet in North Andover, Massachusetts on June 15, 2018. (AP / Elise Amendola)

(WFXR) — Whether or not you use mobile banking could impact your relationship, according to one study.

Research from Oxygen Banking shows 35% of American men would break up with a partner if they did not use mobile banking. A smaller percentage of women (10%) say the same.

When it comes to combining your bank account with your partner, more than half of women (59%) say that step should be taken when a couple gets married. 42% of men agree with that statement, but 26% of men believe it should happen when a couple moves in together.

Oxygen Banking surveyed 1000 consumers to better understand how the pandemic has affected their spending and financial decisions. They also found that:

  • 43% of men admit they’ve shared a bank account with a partner in the past and then have broken up
    • Only a quarter (26.5%) of women said they’ve done this
  • Both men (53%) and women (49%) say they’ve had or have access to a partner’s bank account 
  • Close to a quarter (22%) of Americans say they’d break up with a partner if they didn’t use mobile banking
    • More than a half (51%) of Americans say that couples should combine their financials only after they’ve gotten married
  • 34% of Americans admit they’ve shared a bank account with a partner and then broke up

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