Profiling Online Banking Use among Senior High School Students and Personnel of St. Mary's College QC

Abstract

Conducting financial transactions has become more convenient and accessible with the aid of online banking platforms. Online banking, or internet banking, also enables the user to avail of services traditionally offered in physical banks, such as bill payments, deposits, and transfers. Online banking has the best interest rate in transactions, such as whether you are looking for a certificate of deposit, a high yield checking account, or deposit account with high interest, such as a money market account. It is also easier to sync online banking information with other money applications, making it easier to budget one's finances (Csiszar, 2018). The researchers used the descriptive quantitative method for it is used to describe characteristics of a population or phenomenon being studied. According to Cynthia Joy (2014), descriptive research is a method that aims to accurately and systematically describe a population, situation or phenomenon; it involves the description, recording, analysis, and interpretation of the present nature, composition or processes of phenomena. Stratified Random Sampling was used by the researchers to achieve the expected data and results of the sampling. The results show the majority of the Senior High school students and the teaching Personnel do not use online banking since they are not familiar with online banking, afraid of possible threats and still prefer to manage their finances through their local bank. Nonetheless, both groups have recommended its use because of the belief that utilizing the technology would be more efficient and convenient on the user's end.