Practice banking API vocabulary: account balance inquiry, transaction history, insufficient funds rejections, ACH transfers, and SWIFT BIC codes.
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1 / 5
The app calls the bank API to perform an account ___ inquiry before initiating a large transfer.
An account balance inquiry is an API call that retrieves the current available balance (funds usable now) and ledger balance (all posted transactions) for an account. It is commonly used before initiating payments.
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The finance dashboard calls the API to retrieve ___ history for the last 90 days.
Transaction history is a list of all credits and debits posted to an account within a date range. Banking APIs return this as structured records with fields like date, amount, description, and running balance.
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The API response reads: 'The bank rejects the request due to ___ funds.' What caused the rejection?
An 'insufficient funds' rejection means the account does not have enough available balance to complete the transaction. The API returns a specific error code (e.g., NSF — Non-Sufficient Funds) so the caller can handle it appropriately.
4 / 5
The payroll system sends wages via ___ transfer — a US bank-to-bank electronic payment network.
ACH (Automated Clearing House) is the US electronic network for bank-to-bank transfers. It processes transactions in batches and is widely used for payroll direct deposit, recurring bill payments, and B2B transfers.
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To route an international wire the system needs the recipient bank's SWIFT ___ code.
A SWIFT BIC (Bank Identifier Code) is an 8-11 character alphanumeric code that identifies a specific bank in the SWIFT international messaging network. It is required for all international wire transfers alongside the IBAN or account number.