How Do Banks Integrate the Use of QR Codes in Their Banking Operations?

| Updated on February 28, 2024

Banks are a great source of funds and grants for small businesses, large firms, and individuals. However, the process is quite slow and time-consuming. In order to provide a seamless experience and create a more secure transaction network, many banks have integrated QR codes into their banking operations. 

QR Code in Banking Sector

Since many of them are now integrating technological tools to make their banking transactions faster, contactless tools like QR codes have enabled them to fasten their operations and data transfer means. 

A few of them use an advanced QR code generator online that can modernize most of their operations by giving their clients another option to transact with them by just scanning the created QR code. 

How Do Banks Use QR Codes in Their Banking Operations?

Alongside digital banking, QR codes become a crucial tool for banks to use in most of their client’s banking transactions offline and online. And these codes are now fully embraced by people, banking institutions can fully integrate their use of them by following these QR code banking means. 

1. Contactless Bank Check-Ins

Since banks keep the money their clients entrust, security is one of the leading services they provide for them. As the security of their institution is compromised with every person coming in and out of their establishments, checking out who enters and leaves the bank is a mandatory security step that they employ. 

As manual logbooks take more time than digital entry logs, banks can utilize a visitor management system that enables QR codes as a gateway for their digital entry form. This will let the people log their credentials easily by scanning the QR code while they are going in and out of the bank. 

2. Convenient Money Transfers

Money Transfer through QR Code

Banks can provide unique QR codes to each of their customers, which they can share with others for quick money transfers. The sender may redirect to a secured landing page to make the transaction by scanning the shared code. 

This will eliminate the need to share your name and account number during the online money transfer. This also keeps data safe from leakages or security threats. However, you should still be aware of all the pros and cons of using online money transfer services if making or receiving payments from unknown sources.

3. Gateway for Bank ATM Transactions

Alongside using QR codes as a portal for contactless bank check-ins, banks can also utilize QR codes to allow bank members to transact with their ATMs by scanning the QR code. 

In this way, bank members can now have the option to contactless transactions with their bank’s ATMs by just scanning the QR code. 

4. Secured Employee Identification 

Not just ATMs, debit, or credit cards can get additional security through QR, but banks can use a vCard QR Code on every teller’s desk which will show their name, picture, and payment options. 

This allows the customers to leave reviews and track or follow-up transactions with tellers on their phones. As these codes are dynamic, banks can easily update their payment methods and files on the existing code. 

5. Banking Transaction Authentication

To ensure that the person transacting with the bank account they use is authorized, banks can integrate the use of a password-protected QR code to prompt, an additional security feature for clients. 

Using one can ensure that an authorized individual can access their client’s private banking information. 

6. Store Important Banking Digital Policy Files

Banks can integrate the use of QR codes to store important banking digital policy files that their clients can easily access by just scanning one. 

By applying QR codes, you can store a PDF copy of your files and create an easy way for clients to access them by scanning and downloading the QR code. 

7. Marketing and Advertising

Advertisement with QR Code

Like all other sectors, the BFSI sector also uses QR codes for the purpose of marketing and advertisement for their schemes, policies, and other information. For example, if the banks want you and other people to be informed about their installment loans and other loan-related policies, interest rates, or anything else, they can provide a QR code. The code will redirect the readers to their mobile application or site. 

8. Asset Tracking

QR codes are also helpful for banks in tracking and locating their physical assets such as checks, credit cards, drafts, and cash. This is beneficial to find any lost item.

9. Convenient Digital Services

The codes can also help in filling and editing online forms quickly, which supports paperless working for deposits, withdrawals, and even if you want to apply for a business loan or any other loan application. 

10. KYC and Other Compliance Regulations

QR codes can also be used to conduct Know Your Customer (KYC) and Anti-Money Laundering (AML) verifications. The banks can redirect the customers to the verification form by scanning the code and expediting the process.

How can Bank Institutions Create a QR Code for Banking?

As modernization has enabled many business establishments to develop most of their operating means with technology, banks are now integrating QR codes to modernize most of their banking operating means. 

If you work for a banking institution, and you want to start implementing them in your operations, QR codes are the most accessible contactless tool for you to use. To create one, here are some simple steps that you can follow:

  1. Go to an online QR code generator with a logo and make an account.
  2. Select the category of the banking material/service that you want to convert into a QR code.
  3. Generate your banking QR code as a dynamic QR code
  4. Customize the QR code’s design and align it with your bank branding.
  5. Run a scan test, download your QR code, and add it to your banking operations.

This code will help you and your customers in safe and fast transactions and deliver many other benefits like more impactful marketing, easy and remote access to many banking services, etc. 


Since more banking institutions are now integrating technology to advance their banking operations, QR codes have enabled them to improve their banking means by providing an easy way to create an account and transact by just scanning.

Many banks are already leveraging the returns from this service. They include US Bank, ICICI Bank, Standard Chartered, First Republic Bank, etc., which are enjoying seamless consumer onboarding and delivering easy accessibility of their services.

L. Dias William

L. Dias William is an established writer who specializes in Apple goods, iOS, and other technology. He holds a Bachelor's degree in Computer Science from Massachusetts Institute of Technology (MIT) and has years of hands-on experience in the IT business. William has a sharp eye for detail and an enthusiasm for innovation, and he has written countless articles and reviews that are popular among computer fans throughout the world. His distinct combination of technical understanding and creative flare makes him a desirable voice in the consumer electronics industry.

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