As a long-time member of the fintech builders crowd, I have felt ashamed of my 20-year banking relationship with one of the least fintech-y financial institutions: Bank of America.

I wondered: “Am I alone?” 

We surveyed the TWIF community via email, social, and Slack to determine where fintech folks bank in the fintech world. Unfortunately, the unsurprising answer is that most of us do not use the products we are all creating. We’ll dive into the data and the implications for this miss.

Where do fintech people bank?

We received more than 100 responses to our survey. The respondents, on average, are high-earning technology workers. The majority are 25-34 years old, earn an annual salary greater than $200,000, and have between two and five years of experience in the industry. The findings are as follows.

Bank accounts: 79% have used a fintech checking or savings account; 15% currently use a fintech for their primary banking needs.