Patent ID: 8788413
Filing Date: 2014-07-22
Classification: G06Q

Abstract:
1. A method for managing a plurality of existing accounts, comprising: providing, on at least one processor, a plurality of related accounts each associated with a same customer, the plurality of related accounts including a first existing account and a second existing account that are both associated with the same customer; receiving, at the institution system via a network, account activity information associated with at least one action regarding the first account of the customer at a first predetermined frequency; analyzing, on the at least one processor, the received account activity information and the first predetermined frequency; and modifying a least one term of the second account of the customer based upon a result of the analysis at a second predetermined frequency, wherein the second predetermined frequency is based on the analysis of the received account activity information and the first predetermined frequency, wherein the at least one term includes one of annual fees, access fees, transaction fees, late fees, maintenance fees, commission fees, or inactivity fees associated with the second account.