Computers and Technology

How Much Does It Cost to Create a Mobile Banking App?

Cost to Create a Mobile Banking App

Mobile banking apps are transforming the traditional financial behavior among consumers and businesses. These applications have simplified payment transfer, account creation, transaction management, and a lot more. It has led to the advent of a multilateral and smart finance infrastructure built on the foundation of modern technology trends(mobile banking app development company).

If you are planning to create a mobile banking app, you need a comprehensive understanding of your project goals and a parameterized budget plan. This blog post will give you an insight into the mobile banking app development cost based on features and different stages of the development process.

Mobile Banking App Development Cost Based On Features

Your mobile banking app may include several features, i.e., basic features like login, payment gateway, and advanced features like AI-bot, and automated generation of reports. We can segregate the mobile banking app cost into two categories based on the complexity of features.

Basic Features

  • Sign in

Sign in the interface of a mobile banking app engages in the first user interaction and fetches data that drives business. The cost of creating and incorporating a sign-in portal to your mobile banking app may cost anywhere between $30,000 and $60,000.

  • Integration of card data

To indulge in fast and flawless transactions, you can add credit and debit cards and enable or disable auto-deductions. You can easily manage your bank accounts by integrating such credentials in your mobile banking app. The cost of developing a card integration interface may cost you anywhere between $24,000 and $36,000.

  • Payment transfer

In a mobile banking app, payment transfer is a crucial feature to have. You can allow the transfer of payments through multiple channels and platforms using an interaction payment interface. The cost of designing and developing a payment transfer interface may fall anywhere between $35,000 to $60,000.

  • Notifications

Interactive notifications are an effective way of putting the right information to the right person at the right time. From push notifications to in-app notifications, you can utilize multiple user-friendly options to sell your offers effectively. The cost of incorporating a smart notification system in your app may range between $12,000 and $15,000.

  • History

By providing a one-click history tab in your application, you can not only enhance the user experience but also help the app users make better decisions. It may cost from $20,000 to $35,000 to design and develop space for viewing all transaction records with an optimum app user experience.

The cost of developing and implementing these features may also rely upon the geographical location of the mobile banking app development company. The project management methodologies may also play a crucial role in driving results.

Advanced Features

  • Expense analysis

With the help of analytical expense report, you can smartly manage your finances. It can play a critical role in defining your investment goals as per your savings. It may cost between $24,000 to $36,000 to set up an advanced and feature-packed expense analytics tool.

  • In-app chat

With in-app chat, you can provide swift support to your customers. It is simpler to track the grievances using this feature in mobile banking apps. The cost of incorporating in-app chat support in your mobile banking app may cost between $48,000 and $72,000.

  • QR scan

QR code can allow fast and sophisticated authentication of your payments and data. It may cost anywhere between $10,000 and $15,000 to add a QR feature in your mobile banking app.

  • One-tap pay

It is a popular feature included by mobile banking app development companies these days. You can use this feature to engage in a superior customer experience in your banking app. It may cost from $45,000 to $65,000 to develop and implement this feature in a mobile banking app.

  • Third-party integration

By incorporating user-focused features to interact better with the customers and designing business-oriented resources, you can use third-party tools to leverage new functionalities. It may cost between $45,000 to $65,000 to set up a compatible infrastructure to use and implement third-party tools.

  • ATM and branch locator

Mobile banking apps may help the app users to identity ATMs and branches in their nearby locations using this feature. The cost of developing and implementing this feature may range between $10,000 and $15,000. You may explore more about the challenges, the latest features, processes, and other cost parameters by reading a mobile banking app development guide.


Mobile banking apps have set new trends in the digitizing economy. From brainstorming new ideas to extracting transformative techniques of implementation, a team of mobile app developers may need to deal with several unprecedented challenges while attempting to achieve a customer-oriented application.

The hustle goes on and on. Constant focus on customer-focused strategies may help both service providers and clients to bring results.

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