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Why Banking Information APIs Are The Solution To Your Banking Data Needs

There are many reasons why you would want to use a Banking Information API. Overall, these APIs guarantee that financial transactions are precise, reducing the risk of mistakes and enhancing the overall efficiency of the banking system. For example, by checking the validity of bank codes, businesses can reduce the risk of failed transactions and improve client satisfaction.

Banking information APIs are the solution to your banking data needs. They are easy to use and understand. Basically, they can help you keep track of your finances by providing you with up-to-date account information at all times. Also, they are secure and you are refrained from suffering attempted fraud.

There are many different APIs available, but not all of them are the best. In this article, we will tell you about the best banking information API available today. So keep reading to find out more!

Why Banking Information APIs Are The Solution To Your Banking Data Needs

The Most Comprehensive Banking Information API

The most efficient one nowadays is the SWIFT – IBAN – Routing Bank Checker API. It is an effective tool that delivers access to crucial data related to SWIFT codes, IBAN codes, and Routing Bank Numbers. This application programming interface is created to help streamline financial transactions by verifying the accuracy of banking information quickly and efficiently.

One of the essential components of this API is its capability to validate the authenticity of SWIFT codes. SWIFT codes are unique identifiers used to facilitate international transactions, and the accuracy of this code is critical to guarantee that funds are transferred to the correct recipient. For example, with the Bank Codes Lookup API, you can fast check the validity of SWIFT codes, ensuring that funds are sent to the right place every time.

Apart from validating SWIFT codes, the Bank Codes Lookup API also delivers access to IBAN codes. IBAN codes are used in Europe and other parts of the world to recognize bank accounts for international transfers. By using the Bank Codes Lookup API, you can fast verify the precision of an IBAN code, decreasing the risk of errors in financial transactions.

What Does This API Receive And What Does The API Provide?

You can call different endpoints that will receive IBAN, SWIFT, and Routing Bank Codes. In return, you will receive relevant information about the banks and the code’s validity.

How Does SWIFT-IBAN-Routing Bank Checker API Operate?

After signing up, every developer is given a personal API access key, an individual combination of letters and digits provided to access the API endpoint. To authenticate with the SWIFT – IBAN – Routing Bank Checker API REST API, simply include the bearer token in the Authorization header.

Why Banking Information APIs Are The Solution To Your Banking Data Needs

Here below, you can find a response to the endpoint ROUTING BANK CHECKER:

“status”: 200,
“success”: true,
“message”: “Routing Bank 121000248 is valid”,
“data”: {
“routing_number”: “121000248”,
“date_of_revision”: “091012”,
“new_routing_number”: “”,
“address”: “255 2ND AVE SOUTH”,
“city”: “MINNEAPOLIS”,
“state”: “MN”,
“zip”: “55479”,
“phone”: “(800) 745-2426”

To sum up, if you want to start using SWIFT – IBAN – Routing Bank Checker API and have entrance to all its advantages, you just ought to choose from the various plans to which you can subscribe. Besides, the API offers a free 7-day trial.

Published inApps, technologyTechnology

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