Concurrent Bank Account in Java: Thread-Safe Deposits and Withdrawals

Last update on April 28 2025 07:44:55 (UTC/GMT +8 hours)

Write a Java program that creates a bank account with concurrent deposits and withdrawals using threads.

Sample Solution:

Java Code:

import java.util.concurrent.locks.Lock;
import java.util.concurrent.locks.ReentrantLock;

public class BankAccount {
  private double balance;
  private Lock lock;

  public BankAccount() {
    balance = 0.0;
    lock = new ReentrantLock();
  }

  public void deposit(double amount) {
    lock.lock();
    try {
      balance += amount;
      System.out.println("Deposit: " + amount);
      System.out.println("Balance after deposit: " + balance);
    } finally {
      lock.unlock();
    }
  }

  public void withdraw(double amount) {
    lock.lock();
    try {
      if (balance >= amount) {
        balance -= amount;
        System.out.println("Withdrawal: " + amount);
        System.out.println("Balance after withdrawal: " + balance);
      } else {
        System.out.println("Try to Withdraw: " + amount);
        System.out.println("Insufficient funds. Withdrawal cancelled.");
      }
    } finally {
      lock.unlock();
    }
  }

  public static void main(String[] args) {
    BankAccount account = new BankAccount();

    Thread depositThread1 = new Thread(() -> account.deposit(1000));
    Thread depositThread2 = new Thread(() -> account.deposit(300));
    Thread withdrawalThread1 = new Thread(() -> account.withdraw(150));
    Thread withdrawalThread2 = new Thread(() -> account.withdraw(1200));

    depositThread1.start();
    depositThread2.start();
    withdrawalThread1.start();
    withdrawalThread2.start();
  }
}

Sample Output:

Deposit: 1000.0
Balance after deposit: 1000.0
Withdrawal: 150.0
Balance after withdrawal: 850.0
Deposit: 300.0
Balance after deposit: 1150.0
Try to Withdraw: 1200.0
Insufficient funds. Withdrawal cancelled.

Pictorial Presentation:

Concurrent Bank Account in Java: Thread-Safe Deposits and Withdrawals

Explanation:

In the above exercise, the BankAccount class represents a bank account with a balance. For deposit and withdrawal methods, it uses a "ReentrantLock" to synchronize access, so that different threads can execute them concurrently without conflict.

In the deposit method, the lock is acquired before updating the balance with the deposited amount. The lock is acquired in the withdraw method before checking the balance and completing the withdrawal.

The main method creates an instance of BankAccount and starts four threads: two for deposits and two for withdrawals. Each thread invokes the corresponding method on the BankAccount instance, simulating concurrent deposits and withdrawals.

Flowchart:

Flowchart: Concurrent Bank Account in Java: Thread-Safe Deposits and Withdrawals.

For more Practice: Solve these Related Problems:

Write a Java program to simulate a bank account with multiple threads performing deposits and withdrawals using synchronized methods to ensure thread safety.
Write a Java program to implement a bank account class with concurrent transactions using ReentrantLock for fine-grained control.
Write a Java program to simulate concurrent bank transactions using wait() and notify() to manage overdraft conditions.
Write a Java program to implement a bank account with concurrent operations using AtomicInteger to ensure consistency without explicit locking.

Java Code Editor:

Improve this sample solution and post your code through Disqus

Previous: Java thread Programming - Simultaneous Website Crawling.