Online banking use up by 16%

THE use of online banking has surged 16% with 2.6 million customers now registered in Ireland.

According to the Irish Banking Federation (IBF) 34.5m payments were made online last year which is equal to 95,000 a day.

An IBF/Irish Payment Services Organisation report also found that there was a 17.2% increase to 136 million in the number of times online accounts were accessed last year.