Patent ID: 8275703
Filing Date: 2012-09-25
Classification: G06Q

Abstract:
1. A system for processing bank account deposits comprising: a processor; a memory communicatively coupled to the processor storing machine readable instructions that, when executed by the processor, cause the processor to: create an account at a first bank by a second bank on behalf of a customer of the second bank, wherein the second bank initiates a deposit into the account on behalf of the customer and uses account information from the customer of the second bank to create the account; accept from the second bank, at a request of the first bank, a minimum required balance into the account created at the first bank; set up an automatic transfer to an account at the second bank from the account created at the first bank, wherein the second bank is allowed access to the account created at the first bank to allow the automatic transfer to the account at the second bank from the account created at the first bank; and accept an automatic transfer from the account created at the first bank to the account at the second bank, said automatic transfer resulting from a deposit made by the customer at the first bank; and wherein the account at the first bank and the account at the second bank are both held by the same customer.