Building a feature-rich app like CommBank is no small feat, but it’s an investment worth considering in today’s fintech-driven world.
Whether you’re looking to develop a mobile banking solution or innovate the financial landscape, understanding the costs involved is crucial.
On average, the cost to develop an app like CommBank ranges from $50,000 to $300,000, depending on the complexity, features, and technology stack.
Want to dig deeper?
Let’s explore every aspect of creating a CommBank-like app in this guide.
Understanding CommBank: What Makes It Unique?
CommBank (Commonwealth Bank of Australia) has revolutionized digital banking by offering robust features like instant payments, AI-driven insights, and advanced security.
But what sets it apart?
At its core, the app bridges convenience with innovation, empowering users with real-time financial management tools.
Whether it’s tracking expenses, managing savings goals, or ensuring seamless transactions, CommBank epitomizes the next-gen banking experience.
If you’re wondering how to create an app like CommBank, keep in mind that every detail—from its intuitive interface to its powerful backend—plays a role in its success.
Essential Features for a CommBank-Like App
To build an app like CommBank, you need to incorporate features that not only meet user expectations but also elevate the banking experience.
Here’s a list of essential features:
- User Registration & Authentication – Secure login using multi-factor authentication.
- Account Management – View and manage accounts, balances, and transactions.
- Instant Transfers – Seamless peer-to-peer fund transfers.
- Budgeting Tools – AI-driven spending insights and categorization.
- Bill Payments – Integrated bill pay with reminders.
- Savings Goals – Set and track savings milestones.
- Loan Applications – Apply for loans and check eligibility.
- Investment Tools – Manage portfolios and access market insights.
- Customer Support Chatbot – 24/7 assistance through AI or live agents.
- Push Notifications – Transaction alerts and promotional offers.
- Secure Encryption – Advanced data protection mechanisms.
- Digital Wallet Integration – Support for mobile wallets like Apple Pay and Google Pay.
- Branch/ATM Locator – GPS-enabled location search.
- Biometric Authentication – Face ID and fingerprint login options.
- Transaction History – Detailed records with filtering capabilities.
Reasons to Go for It: Create an App Like CommBank in 2025
Are you ready to ride the fintech wave?
Developing a CommBank-like app can position your business as a leader in digital banking.
Here are three compelling reasons to invest in creating such an app:
1. Skyrocketing User Demand for Digital Banking
Did you know that over 65% of banking customers worldwide prefer mobile banking?
The convenience of managing finances on the go is no longer a luxury—it’s a necessity.
By building an app like CommBank, you tap into a growing market of users who demand seamless, secure, and efficient banking solutions.
2. Revenue Opportunities in Fintech
The global fintech market is projected to reach $310 billion by 2025, with mobile banking contributing a significant share.
Whether through transaction fees, premium subscriptions, or loan processing charges, your app can generate multiple revenue streams while delivering exceptional value.
3. Enhanced Customer Loyalty with Personalized Experiences
Modern users love tailored experiences.
CommBank uses AI to provide personalized financial insights and advice, and you can too.
Features like budgeting tools and customized offers can foster loyalty and keep users coming back to your app.
Real-world example?
Studies show that 74% of customers are likely to remain loyal to brands offering personalized services.
Average Cost to Develop an App Like CommBank: $50,000 to $300,000
When it comes to the cost to develop an app like CommBank, the range can vary significantly based on your requirements.
On average, you can expect costs between $50,000 and $300,000, depending on the complexity of features, platforms (iOS, Android, or both), and the development team’s location.
Here’s a quick breakdown of app development cost:
| App Development Stage | Cost Range ($) |
| Design (UI/UX) | 10,000 – 30,000 |
| Core Development | 25,000 – 150,000 |
| Third-Party Integrations | 5,000 – 20,000 |
| Quality Assurance & Testing | 5,000 – 30,000 |
| Deployment & Maintenance | 5,000 – 50,000 |
This cost range includes everything from ideation to deployment.
However, the exact figures will depend on factors such as app complexity, team expertise, and technology stack.
For a more accurate estimation of cost, it’s highly recommend that you consult an app development company.
Factors That Affect the Cost to Develop an App Like CommBank
Developing a fintech app like CommBank involves numerous intricacies, with each factor contributing to the overall cost.
These factors go beyond generic app development concerns to include industry-specific requirements such as compliance with financial regulations, advanced security features, and seamless integration with banking systems.
Let’s explore these in detail:
1. App Complexity: Banking-Specific Needs
The complexity of your app is one of the biggest cost drivers.
For a fintech app, this complexity stems from the need to include features like multi-layered security protocols, real-time transaction processing, and AI-powered financial insights.
While a basic banking app may cover essential features, an advanced app like CommBank includes everything from predictive analytics to integrated payment gateways.
| Complexity Level | Estimated Cost ($) | Banking-Specific Features |
| Basic | 50,000 – 100,000 | User registration, balance tracking |
| Moderate | 100,000 – 200,000 | Transfers, bill payments, notifications |
| Advanced | 200,000 – 300,000 | AI insights, fraud detection, lending |
Building an advanced app may seem expensive, but the ability to offer personalized services and fraud protection significantly enhances user trust and satisfaction, making it worth the investment.
2. Platform Choice: Where Do Your Users Bank?
Your target audience dictates whether you develop for iOS, Android, or both.
While many banking users prefer mobile platforms, ensuring availability across devices is critical for a seamless customer experience.
A cross-platform app requires additional effort in testing and optimization but ensures broader reach.
| Platform | Estimated Cost ($) | Why It Matters in Banking |
| iOS or Android Only | 50,000 – 150,000 | Targets a specific user base |
| Cross-Platform | 100,000 – 250,000 | Ensures accessibility for all customers |
For instance, CommBank’s app supports multiple platforms, ensuring every user, whether Android or iOS, enjoys a consistent banking experience.
A similar approach can enhance inclusivity for your app.
3. Compliance with Regulations: A Non-Negotiable Cost
Fintech apps must comply with stringent regulations like PCI DSS (Payment Card Industry Data Security Standard), GDPR (General Data Protection Regulation), and local financial laws.
Ensuring compliance not only safeguards your app but also builds credibility among users.
| Regulatory Requirement | Cost Impact ($) | Why It’s Important |
| PCI DSS Compliance | 10,000 – 30,000 | Secures payment data |
| GDPR/CCPA Compliance | 15,000 – 40,000 | Protects user privacy |
| Local Banking Regulations | 10,000 – 25,000 | Meets country-specific standards |
Though compliance adds to development costs, failing to meet these standards could result in hefty fines or loss of customer trust.
4. Security Features: Protecting Financial Data
Security is paramount for a banking app.
Features like biometric authentication, end-to-end encryption, and fraud detection systems significantly influence costs but are essential for maintaining user trust in sensitive financial transactions.
| Security Feature | Estimated Cost ($) | Value Addition |
| Biometric Authentication | 5,000 – 15,000 | Adds an extra layer of login security |
| End-to-End Encryption | 10,000 – 30,000 | Ensures data confidentiality |
| Fraud Detection Systems | 20,000 – 50,000 | Identifies and prevents malicious acts |
CommBank’s app integrates cutting-edge security technologies, setting a benchmark for trustworthiness.
Incorporating these features into your app can make it equally reliable.
5. Integration with Third-Party Services
Banking apps often rely on third-party services for functionalities like payment gateways, currency conversion, and customer support chatbots.
Each integration increases costs but enhances the app’s utility.
| Third-Party Integration | Cost Range ($) | Examples |
| Payment Gateways | 5,000 – 20,000 | Stripe, PayPal |
| Currency Conversion APIs | 5,000 – 10,000 | XE, OANDA |
| Chatbot Integration | 10,000 – 20,000 | AI-based customer support |
Integrating reliable third-party solutions can save development time and ensure high performance, but it’s important to choose vendors carefully to maintain app quality.
6. AI and Machine Learning Features
Personalized insights, spending analytics, and predictive financial suggestions make apps like CommBank stand out.
Adding these features requires specialized development but creates a user-centric experience that boosts engagement.
| AI Feature | Cost Range ($) | User Benefits |
| Spending Analytics | 10,000 – 25,000 | Helps users track expenses |
| Predictive Insights | 15,000 – 30,000 | Suggests better financial decisions |
| Chatbots | 10,000 – 20,000 | Delivers 24/7 support |
AI-driven features differentiate a basic app from a sophisticated one, justifying their higher costs.
Steps to Create an App Like CommBank
Creating a successful app like CommBank involves a strategic and structured development process.
While the specifics might vary based on your app’s features and goals, here’s a streamlined roadmap to guide you through the journey:
Step 1: Define Your Objectives and Audience
Start by identifying your target users and their needs.
Are you catering to individuals, businesses, or both?
Understanding your audience ensures that your app offers value-driven features, whether it’s budgeting tools for individuals or transaction insights for businesses.
Step 2: Research and Analyze Competitors
Study successful apps like CommBank to identify their strengths and areas for improvement.
This analysis helps you define your unique value proposition (UVP) and decide which features to include or enhance.
Step 3: Finalize the Features and Tech Stack
Prepare a comprehensive list of features based on your audience’s needs.
Decide on the technologies and frameworks for development, such as React Native for cross-platform apps or Swift/Kotlin for native apps.
Include essential integrations like payment gateways and data analytics tools.
Step 4: Design a User-Centric Interface
Invest in a clean, intuitive UI/UX design that ensures smooth navigation.
Features like customizable dashboards and easy access to key functionalities can enhance user experience and retention.
Step 5: Develop the App
Split the development process into modules, such as front-end, back-end, and API integration.
Ensure robust security measures are implemented from the start.
Using Agile development methodologies allows for flexibility and faster iterations.
Step 6: Test the App Rigorously
Conduct extensive testing for bugs, performance issues, and security vulnerabilities.
Test across devices and operating systems to ensure consistent performance and compliance with app store requirements.
Step 7: Launch and Market the App
Deploy the app on relevant platforms (Google Play Store, Apple App Store) and promote it through targeted marketing campaigns.
Highlight features like secure payments, budgeting tools, and AI-driven insights to attract users.
Step 8: Maintain and Update Regularly
Post-launch, focus on app maintenance by releasing updates based on user feedback and technology trends.
Keeping your app relevant and bug-free ensures long-term success.
CommBank App Development Timeline
The time required to develop an app like CommBank depends on the complexity of features, the development approach, and the team’s efficiency.
On average, creating a banking app can take 6 to 12 months, with timelines divided across different stages.
Here’s a breakdown of the development timeline:
Estimated Timeline
| Development Stage | Time Required |
| Planning & Requirement Gathering | 2–4 weeks |
| UI/UX Design | 4–6 weeks |
| Front-End & Back-End Development | 12–20 weeks |
| API & Third-Party Integration | 4–6 weeks |
| Testing & Quality Assurance | 6–8 weeks |
| Deployment & Launch | 1–2 weeks |
By planning efficiently and working with the right team, you can ensure the timely delivery of your CommBank-like app.
Monetizing CommBank App Clone
Creating an app like CommBank isn’t just about delivering a superior banking experience—it’s also a lucrative opportunity to generate revenue.
By incorporating multiple monetization methods, you can maximize your app’s ROI while offering value to users.
Here are the most effective ways to monetize a CommBank app clone:
1. Subscription Plans
Offer tiered subscription plans for users. For example:
- Basic Plan: Free, with access to essential features like account management and transactions.
- Premium Plan: Paid, including advanced features like AI-driven insights, investment tools, and priority customer support.
| Subscription Type | Estimated Revenue Potential ($) | Examples |
| Free Tier | Indirect revenue via partnerships | Basic account features |
| Premium Tier | $5–$15/month per user | AI tools, advanced security |
2. Transaction Fees
Charge a small fee for specific transactions, such as international money transfers or currency exchanges.
While small, these fees can generate significant revenue due to high transaction volumes.
| Transaction Type | Fee Estimate ($) | Potential Annual Revenue ($) |
| Domestic Transfers | 0.50–1.00 per transfer | High volume, moderate income |
| International Transfers | 2.00–5.00 per transfer | Premium users, higher revenue |
3. Partnered Offers and Cashback
Collaborate with retailers, financial institutions, and service providers to offer exclusive deals. Generate revenue through commissions for purchases made via the app.
| Partnership Type | Revenue Model | Examples |
| Retailer Partnerships | Commission per sale | Discounts on groceries, shopping |
| Cashback Programs | Commission sharing | User incentives for card use |
4. Advertisements
Run targeted ads for financial products like loans, insurance, or credit cards.
Ensure that ads align with user preferences to maintain a seamless experience.
| Ad Type | Revenue Potential ($) | Examples |
| Banner Ads | $1–$3 CPM | General financial services |
| Sponsored Promotions | $5,000–$10,000/month | Loan or credit card campaigns |
5. Data Monetization
Aggregate anonymized user data (while ensuring compliance with data protection laws like GDPR) and sell insights to financial institutions for market research and analysis.
| Data Type | Revenue Potential ($) | Examples |
| Spending Trends | High | Reports for banks, retailers |
| User Preferences | Moderate | Personalized marketing data |
6. Loan and Credit Services
Integrate loan and credit services into the app, earning a percentage from lenders or charging a processing fee directly to users.
| Service Type | Fee or Commission ($) | Potential Revenue ($) |
| Loan Processing Fee | 1%–3% of loan amount | High, depending on loan volume |
| Credit Card Issuance | $10–$20 per card issued | Moderate but recurring revenue |
By combining these monetization strategies, your app can generate substantial revenue while remaining user-friendly and valuable.
Tailor the mix of methods based on your target audience and business goals.
eBizneeds – Here to Help You
Building a CommBank-like app requires expertise in fintech, a deep understanding of user needs, and the ability to deliver secure, scalable, and innovative solutions.
That’s where eBizneeds comes in.
As a trusted fintech app development company, we specialize in creating cutting-edge financial applications tailored to your goals.
Whether you’re looking to develop advanced AI features, ensure top-notch security, or integrate seamless payment gateways, we’ve got you covered.
Our experienced team of developers, designers, and strategists will work with you every step of the way, from ideation to deployment.
Ready to bring your vision to life? Partner with eBizneeds to create a secure, innovative, and profitable banking app.
Conclusion
Creating an app like CommBank is a promising venture in the ever-evolving fintech landscape. With users increasingly shifting toward digital banking solutions, the demand for secure, feature-rich apps has never been higher.
Whether it’s providing personalized financial insights, enabling seamless transactions, or ensuring airtight security, an app like CommBank can revolutionize the way users manage their finances.
While the cost to develop an app like CommBank depends on factors like complexity, features, and compliance requirements, the potential ROI makes it a worthwhile investment.
FAQs
The cost ranges from $50,000 to $300,000, depending on the complexity, features, and platform requirements.
It typically takes 6 to 12 months, depending on the app’s complexity and development process.
Key features include account management, real-time payments, budgeting tools, AI-driven insights, biometric security, and more.
Monetization options include subscription plans, transaction fees, partnered offers, advertisements, data monetization, and loan services.
eBizneeds specializes in developing secure, scalable, and user-friendly fintech apps tailored to your business needs, ensuring exceptional quality and a seamless development process.
Naveen Khanna is the CEO of eBizneeds, a company renowned for its bespoke web and mobile app development. By delivering high-end modern solutions all over the globe, Naveen takes pleasure in sharing his rich experiences and views on emerging technological trends. He has worked in many domains, from education, entertainment, banking, manufacturing, healthcare, and real estate, sharing rich experience in delivering innovative solutions.
