# Python Project: Building Online Banking App

#### 1: Python Project: Building Online Banking App

Learn how to build basic online banking app using Python

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#### Indeed, it’s only going to be the basic one as this course was designed and intended for beginners, nevertheless, you will definitely get to create features in banking apps and understand the logic behind those functionalities. Most importantly, you will know what the backend of a banking app actually looks like.

As the nature of this project based course is aimed toward beginners, hence, this course will include a basic Python warm up session where you will be taught basic fundamentals of Python which you need to master before getting to the project. Those are including but not limited to data/variable types, mathematical operations, conditional statements (if/else), for loop, while loop, getting data input from the user, creating function as well as its parameter. Therefore, if you are not confident with your Python skills, this course will provide you with what you need.

The online banking app project which you will build in this course is going to have the following features:

• Forgot pin

• Deposit

• Withdraw

• Transfer to another bank account

• Check current balance

• Check interest rate based on the current balance

• Future Value of investment

The fantastic aspect of this course is the fact that you are not only learning Python programming, due to the complex nature of this project, you will also be exposed to some mathematics and economics to some extent. In Particular, you will learn basic concepts of continuous compound interest since the function for calculating future investment valuation would be built based on that formula. Last but not least, the most efficient way to be an expert is to learn by doing and that is exactly what you will do in this course.

#### Who this course is for:

• Python beginners who are interested in building a simple but insightful Python project
• People who are curious on how the backend side of an online banking app actually works

What you'll learn

• Learn the basic concept of online banking app from beginner 's perespective
• Create Python functions as the following: sign in, log in, forgot pin, deposit, withdraw, transfer, check balance, calculate compound interest
• Learn the theory of continuous compound interest and how to build a function based on that formula
• Tutorial on creating repository and uploading projects on Github

Requirements

• No programming experience is required
• Basic knowledge in Python is helpful but not necessary

Programming in Python
To create a proper banking solution in Python, you should be familiar with the basics of this language. We also recommend that you understand how the code works before you copy it or start using it as a component in your project. Make sure that you know programming well.

Experience in Working on Projects
You should have some experience in working on Python projects before working on this Python banking project. It is an essential part of data science. It’s not a beginner-level task and might cause you confusion at some instances if you’re inexperienced.

Database Management
A large section of our project focuses on database management. You’ll have to create a database for the banking solution to facilitate its functioning. You should be familiar with the basics of database management.

Read: Career Opportunities in Python

Banking Project in Python
The Problem
Customer experience is an integral part of a bank’s operations. That’s why banks focus a lot on improving customer experience by removing hassles and enhancing the facilities they provide. Opening a new account in a bank usually requires a person to visit the bank, fill out a form, and submit the necessary papers. All of these tasks take up a lot of time and dampen the overall customer experience. Moreover, many people have to take time out of their schedules to go to a bank.

Also read: Free data structures and algorithm course!

The Solution
You can solve this problem by creating a software solution where people can sign up and open a new account in a bank digitally. This way, the person wouldn’t have to visit the bank physically and thus, would save a lot of time and effort. The banking management system can also allow the user to make transactions, deposit and withdraw funds, and check the account balance.

Your solution would need an admin section which would look after the users’ accounts and the overall wellbeing of the database. You’ll have to connect the software to a database which will store all user information in distinct storage.

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How to Make the Project More Challenging
While this project is quite challenging, you can enhance its difficulty and take it a level further. To do so, you can add a layer of security, so the user’s data remains safe. Your software can have a login window where every user has to enter the password and username to access their accounts. You can also add a feature of opening multiple types of accounts. For example, banks offer Current accounts, Savings accounts, and others. Different accounts can have various facilities.

INSTRUCTOR
Christ Raharja

Online Course CoupoNED based Analytics Education Company and aims at Bringing Together the analytics companies and interested Learners.