Creating an Online Banking System with Python and Object-Oriented Programming

Object-oriented programming (OOP) is a fundamental concept in software engineering that allows for the organization and modular structuring of code. Python, known for its clear and concise syntax, is an ideal language for implementing OOP principles. In this article, we will explore the basics of OOP in Python by creating a simple online banking system.

### **An Overview of OOP Concepts**
Before diving into the coding process, it’s essential to grasp the key concepts of OOP:
– **Classes**: Blueprints for creating objects, defining attributes and methods.
– **Objects**: Instances of classes that encapsulate data and behavior.
– **Inheritance**: Allows a subclass to inherit attributes and methods from a superclass, promoting code reuse.
– **Constructor**: The `__init__()` method initializes objects with initial values for attributes.

### **How to Build An Online Banking System**
Start by establishing the basic structure of our online banking system using OOP principles.

#### **How to Create A Class and Constructor**
Create a class and initialize it with a constructor:
“`python
class Account:
def __init__(self, name, account_number, balance):
self.name = name
self.account_number = account_number
self.balance = balance
“`

In the above code snippet:
– The `class` keyword defines the `Account` class.
– The `__init__()` method serves as the constructor.
– `self` refers to the instance of the class.
– Various parameters like `name`, `account_number`, and `balance` are passed to the constructor, initializing corresponding attributes of the `Account` class.

#### **How to Create Methods (functions)**
Next, create methods for the `Account` class to enable deposit and withdrawal operations.

##### **How to create a deposit method**
“`python
def deposit(self, amount):
self.balance += amount
print(f”{self.name} Deposited {amount} $. Current balance is: {self.balance}”)
“`

##### **How to create a withdraw method**
“`python
def withdraw(self, amount):
if self.balance >= amount:
self.balance -= amount
print(f”{self.name} Withdrew {amount} $. Current balance is: {self.balance}”)
else:
print(“You don’t have enough funds to withdraw.”)
“`

### **How Inheritance Works**
To exemplify inheritance, let’s create a `Savings_Account` class that inherits from the `Account` class.
“`python
class Savings_Account(Account):
def __init__(self, name, account_number, balance, interest_rate):
super().__init__(name, account_number, balance)
self.interest_rate = interest_rate
“`

#### **How to Create An `add_interest` Method**
“`python
def add_interest(self):
interest = self.balance * self.interest_rate
self.deposit(interest)
“`

### **How to Create and Use Objects**
Remember, a class is just a template – you need objects for the class to function. Here’s how to create instances and interact with them:
“`python
account1 = Account(“John Doe”, “123456”, 1000)
account1.deposit(500)
account1.withdraw(200)

savings_account = Savings_Account(“John Doe”, “789012”, 2000, 0.05)
savings_account.deposit(1000)
savings_account.add_interest()
savings_account.withdraw(500)
savings_account.withdraw(1000)
“`

### **Conclusion**
Object-oriented programming offers a robust approach to writing reusable and maintainable code. Python’s simplicity lends itself well to learning and implementing OOP concepts. Through building a basic online banking system, we’ve covered fundamental concepts of classes, objects, and inheritance in Python. Happy coding!

spot_img

More from this stream

Recomended

“Pendle (PENDLE) Experiences 90% TVL Increase on Nexo Exchange”

Nexo, a leading regulated digital assets institution, has announced the listing of Pendle’s native token, PENDLE, on its platform. This strategic move comes as Pendle experiences a remarkable surge...

‘New Update for ChatGPT GPT-4 Generating Excitement among Users’

OpenAI has recently made ChatGPT available to users without requiring an account. It’s a big upgrade, making the chatbot even more accessible. However, I explained that...

‘New Investment Cycle of Tekedia Capital Sparks the Start of the March to Unicorns on Monday’

The next edition of Tekedia Capital Syndicate investment cycle begins...

‘Pectra Hard Fork Introduces Social Recovery Feature to Enhance Security’

With the introduction of the innovative social recovery feature, Ethereum users can bid farewell to the anxiety associated with safeguarding their seed phrases. Spearheaded by Ethereum core developer...

‘New Director of Acquisitions and Estates appointed at Popeyes UK’

The appointment is part of the brand’s plans to expand its presence in the UK. Popeyes UK has appointed Peter Gibson as Director of Acquisitions and Estates, following the announcement of plans to...

‘Innovating Payment Systems with New Approaches’

The landscape of payments is undergoing a profound transformation, presenting both challenges and opportunities for financial institutions.Supporting new payment methods such as crypto,...