Main reasons to deposit paychecks into neobanks in Latin America 2024

Published by Statista Research Department, Dec 5, 2024

According to a 2024 survey conducted across major Latin American countries, the primary reasons people deposit their paychecks into neobanks are fast payments and convenience. Faster payments were the top choice for respondents in Brazil and across Latin America more broadly, while convenience was prioritized in Argentina and Colombia. 

Primary reasons to deposit paychecks into a neobank in selected countries in Latin America in 2024

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Release date

August 2024

Region

Argentina, Brazil, Colombia, Central and South America

Survey time period

May to June 2024

Number of respondents

530 respondents

Age group

18 years and older

Method of interview

Online survey

Supplementary notes

The source phrased the question as follows: "What are some of the reasons why your paycheck goes into a neobank? Select all that apply"

The results have been weighted to represent the entire population.

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