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Bank Account Access Methods, Household Financial Well-Being, and Alternative Financial Services.

This study examines US household methods used to access their bank account, and implications for the use of Alternative Financial Services (AFS) and financial well-being. Latent class analysis and multinomial logistic regression were conducted. Results indicated that 7.7% of households are very like...

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Publicado en:Journal of Poverty Vol. 27; no. 1; pp. 33 - 60
Autores principales: Birkenmaier, Julie, Fu, Qiang
Formato: Artículo
Publicado: Taylor & Francis Ltd Jan2023
Materias:
Banking industry
Bank accounts
Financial services industry
Accounting methods
Well-being
Acceso en línea:Ver este registro en EBSCOhost
Sumario:This study examines US household methods used to access their bank account, and implications for the use of Alternative Financial Services (AFS) and financial well-being. Latent class analysis and multinomial logistic regression were conducted. Results indicated that 7.7% of households are very likely to access their account through a bank teller (Bank Teller Access Method), 25% are very likely to use all types of technology (All Technology Access Method), 33.5% use all types of access methods but not their smartphone (Traditional Technology Access Method), and 33.8% use all methods (All Modes Access Method). Access method is associated with AFS use.