Study: Americans check credit card statements more than Britons

By UK.CreditCards.com

ADNFCR-2308-ID-19483579-ADNFCR

Attitudes to credit card security differ between the US and UK, new analysis has shown.

Adeptra, a web security specialist, points out that American consumers check their statements more regularly than their British counterparts.

This means that U.S. customers are much more likely to spot unusual payments, which is one of the main ways in which card fraud is detected.

Adeptra said that 11 per cent of U.S. bank and credit card customers check their accounts daily, while 53 per cent conduct weekly reviews.

By contrast, 67 per cent of Britons only looked at their statements each month and 10 per cent never checked them at all.

Adeptra chief executive Lou Venezia said that consumers should try to conduct the reviews regularly, especially during the festive season.

"Credit and debit fraud is more prevalent than ever," he said.

"As fraudsters look to take advantage of the volume of transactions over this busy shopping period, consumers expect peace of mind as their banks and credit issuers do all they can to stay a step ahead of fraudsters."

Published: 1 December 2009