The survey of 2005 UK adults conducted by Ciao found that 68% conducted the majority of banking onn the Web in 2006, compered to just one in five - 18% - in 2005.

Just one in ten (11%) of respondents said that they have never managed their money online.

The over 50s are leading the way, with 70% claiming that Internet banking is their preferred method of money management. Conversely, younger people aged between 18 and 25 are the least likely to bank onlinwe, with just over a third (36%) preferring to use the telephone or go to their local branch.