The number of Americans using online personal financial management tools from their financial institutions is growing, and nearly half recently switched banks or credit unions, according to a new survey commissioned by Intuit Financial Services.

The online banking company's third-annual online financial management survey was conducted by Decipher Research in September among 1,250 adults across the United States.

While half of the respondents said they primarily still use spreadsheets and checkbook registers to manage finances, more than a third use online tools, a 27% increase from last year's survey, the company said.

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