Fear of Checking Bank Balance
Survey shows that 20% are scared of checking their bank account balance
30th June 2005
A survey by banking group Lloyds TSB suggests that 20% of people regularly avoid checking their bank balances, in a form of financial phobia dubbed 'balance denial syndrome' or BDS.
Of the one in 5 people affected, nearly two thirds say they are worried that they might have less money than they thought, and may be put off buying something, while another 27% said they were scared their accounts might be in the red.
Among those who did check their balances, 60% used the internet, 44% a cash machine, with 28% simply waiting for their paper statement to arrrive through the post.
Read More: Guardian Unlimited : Money
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More on Financial Phobia: What is Financial Phobia? (Article, 24/07/2005), 9 Million Suffer From Financial Phobia (News, 30/01/2003) |
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