Over 55% of Brits trust banks with their personal data

The research

In modern society, many of us find ourselves giving more and more of our personal data to better experience and use products/services provided by a range of industries. One of those key industries being the banking and financial services sector.

The countries which trust banks and financial service providers the most and least with their personal data
Rank Country % Trust
1. Poland 85%
2. Indonesia 70%
3. Germany 68%
3. India 68%
4. Sweden 61%
5. United Kingdom (UK) 59%
6. Denmark 57%
7. United Arab Emirates (UAE) 56%
7. Australia 56%
8. China 53%
9. Singapore 52%
10. Hong Kong 50%
11. Mexico 49%
12. United States (US) 45%
13. Spain 43%
14. Italy 38%
15. France 37%

Interested in data protection, MoneyTransfers.com analysed the latest data from YouGov, to establish which countries in the world most and least trust banks and financial service providers with their personal information.

The results

MoneyTransfers.com found that Poland is in the number one spot as an overwhelming 85% of Poles trust banks and financial service providers with their personal information.

In second position is Indonesia, where 70% of Indonesians are confident banks and financial service providers diligently handle their personal information.

Germany and India are in joint third place, as 68% of citizens in each respective country believe banks and financial service providers are competent and ethical in their management of personal data.

Sweden (61%) and United Kingdom (59%) are among the other countries where over 57% of citizens in the respective countries have faith in banks and financial service providers with their personal data, respectively ranking fourth and fifth.

At the other end in 15th position is France as French citizens are the most sceptical, only 37% trust banks and financial service providers with their personal data.

Just above France is Italy in 14th place, as only 38% of Italians are confident about how banks and financial service providers oversee and use their personal data.


Research and article by MoneyTransfers