How To Prepare Test Cases For Banking Application?

We live in an era where mobile banking, net banking, and digital payment are highly recommended.
The banking domain is a little bit complex and a sensitive domain. A minor mistake while developing a Banking application can lead to a major impact on the user.

While building a banking application very important checkpoint is its security and privacy. The application should be 100 % secure and robust.

While preparing testcases for a banking application, the team should follow the below checkpoints and sequence : 

1. Banking applications’ security is a top priority during development, and rigorous testing should ensure that confidential customer data is protected from fraudsters.
2. Prepare test cases to make this system reliable for the user.
3. While developing a mobile application, prepare test cases to fulfill industry regulations like [Know Your Customer-KYC, Anti Money Laundering – AML, and Data Protection Law]
4. Prepare test cases which can n useful to build an easy and friendly user interface.
5. Some test cases should be prepared to get back up in case of any technical issues like system failure, data breaches, or transaction errors. Such kind of test cases can prevent financial and reputational damage to the bank.

Below are some Account Management testcases : 

1. It should verify that the user can create his/her profile easily.
2. It should verify that the user can not create a profile with invalid and incomplete data.
3. It should verify that the user should be able to modify their details.
4. It should verify that the account balance gets updated after every transaction.
5. It should verify the account naming convention.
6. It should verify that the user should be able to link/unlink the account.
7. It should verify that the account statement is generated accurately.
8. It should verify that the user should be able to recover the account in case of password forgotten.
9. It should verify that the account should get blocked after every 3 invalid attempts.
10. It should verify that the application supports concurrent access to the same account from different devices.
11. It should verify that the application is providing accurate notifications and alerts.
12. It should verify that the application has accurate interest calculation.
13. It should verify that the user should be able to change language preferences.
14. It should verify that account histories should be archived and retrievable.