Patent ID: 8781931
Filing Date: 2014-07-15
Classification: G06Q

Abstract:
1. A computer system for managing client accounts associated with respective clients, said system comprising: one or more computers comprising memory wherein the memory stores computer-readable instructions comprising program code that, when executed, causes the one or more computers to perform the steps: accessing, by the one or more computers, one or more electronic databases, stored on one or more computer-readable media, comprising: obtaining, by the one or more computers, data on deposits and/or withdrawals and/or nets thereof for one or more of the client accounts; performing the following steps for each client account, i, of a plurality of the client accounts: allocating, by the one or more computers, a respective net bank deposit amount to each of multiple of the banks participating in the program based on one or more rules, the respective net bank deposit amount to be deposited in one or more of the FDIC-insured and interest-bearing aggregated deposit accounts held in the respective bank; allocating, by the one or more computers, the respective client bank distribution amounts, BN generating instructions, by the one or more computers, to transfer funds to or from one or more of the FDIC-insured and interest-bearing aggregated deposit accounts in one or more of the respective banks participating in the program to facilitate transfer of the respective net bank deposit amounts that were allocated; updating, by the one or more computers, the one or more electronic databases with update data for each of multiple of the client accounts, with the update data for each of the multiple client accounts comprising respective client bank distribution amounts, BN processing, by the one or more computers, withdrawals/transfers from and/or deposits/transfers to the respective client account, i, against the funds in the at least one remainder bank for the respective client account.