Report says more users may pay for online banking

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Research by business consultants PricewaterhouseCoopers suggests online banking will overtake the High Street within the next three years.

They found that consumers would be willing to pay up to £10 a month for the added convenience.

Stephen Whitehouse, retail and commercial banking partner at PwC told Radio 5 live Breakfast why customers are prepared to pay for banking.

To hear other 5 live interviews, please visit the best bits page.

Breakfast broadcasts weekdays 06:00 to 09:00 on Radio 5 live.

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