Please how does online banking app fund accounts from banks and also transfer to other banks?. ... Do they use like some api or?

Question

How does online banking app work?

Answer 1

Emediong Ekoh short answer yes through a very protected environment and secured specialized truncated software system.

Answer 2

Online banking apps typically integrate with banking systems through APIs (Application Programming Interfaces). These APIs allow them to securely link to users' bank accounts for fund transfers and transactions between different banks. For more detailed insights, you can check out this article: https://www.cleveroad.com/blog/how-to-create-a-banking-app/