How accurate is the real-time balance?

Balance data comes directly from the bank and reflects the most current balance available through CDR APIs, typically updated within seconds.

Does it account for pending transactions?

Yes, the available balance endpoint factors in pending transactions and holds to give an accurate picture of spendable funds.

Can we check multiple accounts at once?

Yes, you can batch balance checks across multiple accounts to find one with sufficient funds.

What happens if the bank is temporarily unavailable?

The API returns cached balance with a timestamp indicating data freshness, allowing you to decide whether to proceed.

How fast is the balance check?

Most balance checks complete in under 1 second, making it suitable for real-time checkout flows.

Can we set up automatic retries for failed checks?

Yes, the API supports retry logic with exponential backoff for handling temporary failures.

Is this compliant with CDR regulations?

Yes, balance checking through Fiskil is fully CDR-compliant with appropriate user consent.

Banking API — Fintech

Real-Time Balance Checking API for Fintech Apps

Verify account balances in real-time before processing transactions. Prevent failed payments and NSF fees with instant balance checks across Australian banks.

The Challenge

Without real-time balance visibility, transactions fail, causing declined payments, NSF fees, and frustrated customers.

The Solution

Check account balances in real-time before processing payments to prevent failures and improve user experience.

Capabilities

How Fiskil Helps

Real-Time Balance Checks

Verify current available balance instantly before initiating transactions or payments.

Multi-Account Support

Check balances across multiple linked accounts to find sufficient funds.

Available Balance Calculation

Get accurate available balance considering pending transactions and holds.

Intelligent Routing

Automatically select accounts with sufficient funds for payment processing.

Implementation

How It Works

Connect User Accounts

User authorizes access to their bank accounts through Fiskil's secure CDR consent flow.

Pre-Transaction Balance Check

Before processing payment, query the balance API to verify sufficient funds are available.

Handle Insufficient Funds

If balance is insufficient, prompt user to select a different account or add funds before proceeding.

Process Transaction

Complete transaction with confidence knowing funds are available, reducing failure rates.

Ready to get started?

Get your API keys today and start building with Fiskil's Banking API.

FAQs

Related Use Cases

Fintech

Account Verification

Verify bank account ownership instantly with real banking data. Eliminate micro-deposits and fraud with instant account verification across 100+ Australian banks.

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Neobanks

Digital Wallet Funding

Enable customers to fund digital wallets instantly from their bank accounts. Provide seamless wallet top-ups with real-time balance verification.

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Consumer Finance

Payment Capability Verification

Verify customers can afford installment payments in real-time. Reduce payment failures and defaults by assessing true payment capability from banking data.

Learn more

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