Quick and Easy Way to Check Your Account Balance with Kuboon
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Verify Account Balance
Retrieve real-time balance information through Kuboon.
Verify real-time account balances Though it would not have been possible to create a data solution that even came close to Kuboon, we might have spent years doing so.
Open Banking/PSD2 integrations
Kuboon’s integrations are Open Banking and PSD2 compliant that deliver secure and reliable access to U.S. financial infrastructures. Kuboon's solution called Balance allows users to get real-time Balance data via /accounts/balance/get. When determining whether an account has enough money before using it as a financing source for a money transfer, this real-time Balance data can be useful. The current balance for each of an item's accounts is returned using the /accounts/balance/get endpoint. Only /accounts/balance/get compels the available and current balance fields to be refreshed rather than cached, despite the fact that other endpoints may return a balance object. Existing Items that were added using any of Kuboon's other products can be used with this endpoint. Balance itself is not a product that may be used to initialize Link; instead, this endpoint can only be used after Link has been initialized with any other product.
Current and available balance
Balance normally returns both the available and current balance data. The available balance should be utilized for use cases including fraud detection and insufficient funds (NSF) protection since it represents the expected balance net of any ongoing transactions, unlike the current balance, which does not. The term "available balance" refers to money that is in the account but is not the same as the overall value of the account. For instance, it shows the total available cash for investment accounts while for credit accounts it shows the amount that can be spent (net of any pending transactions) before reaching the credit limit. Financial institutions can fail to provide information on available balances. If that occurs, you can determine the available amount by beginning with the current balance, using the Transactions product to find any outstanding transactions, and then modifying the balance as necessary
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Due to the fact that this endpoint initiates a synchronous request for new data, latency may be higher than it is for other Kuboon endpoints; if you experience problems, you may need to change the timeout period for your requests
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