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.
Failed transactions due to insufficient funds create poor user experiences and operational costs. Fiskil's balance checking API enables real-time balance verification before initiating payments, transfers, or purchases.
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.
In Practice
How Teams Use This
Buy Now Pay Later Provider
A BNPL app checks balance before approving purchases to ensure customers can afford instalments.
Reduced failed payment rate from 12% to 2%, saving $150k annually in recovery costs.
Digital Wallet App
A wallet app verifies balance before allowing fund transfers to prevent overdrafts.
NSF fees eliminated for users, improving customer satisfaction score by 35 points.
Subscription Management Platform
A subscription manager checks balance before processing recurring payments.
Subscription retention improved by 18% by preventing failed payment cancellations.
Technical Details
What You Integrate With
API endpoints
GET /accounts/{accountId}/balanceGET /accounts/{accountId}/available-balancePOST /balance-checkGET /accounts/balances
Data returned
Current balance
Available balance
Pending transactions
Overdraft limit
Currency code
Last updated timestamp
Authorisation
OAuth 2.0 / CDR consent
Real-time data access.
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 200+ banks, lenders and energy providers across Australia and New Zealand.
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.
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.
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