Bank Mall

The invention provides a messenger service for businesses as well as consumers that provides delivery and pickup of banking transactions. Additionally, the invention provides the ability to make a deposit at any bank to any other bank. The invention also provides a bank branch location having branches for multiple banking institutions at one location. Additionally, the invention provides a window covering all banks with the Bank Mall establishment possessing proprietary computer software that links to their contracted banks, allowing the Bank Mall to process the transactions.

DETAILED DESCRIPTION OF THE INVENTION

In a free market economy such as the United States, one is hard pressed to imagine what a life without banks. Providing a vast array of financial services ranging from deposits and check cashing to investments and loans for homes and cars, banks serve essential needs for economical survival. Even in today's electronic society, where one accesses a bank account online or withdraws money from a machine, the word bank conjures images of a series of busy tellers behind a counter taking care of a snaking line of customers that seems to be endless. This scenario still is a ubiquitous one in thousands of commercial banks. A trip to the bank sometimes proves to be a time consuming endeavor. Particularly, businesses needing banking services tend to spend the most time taking care of financial needs, from making several large deposits at once to paying on business loans to getting large change orders. Depending on the size of a business, this process may be endured at several different banks since the Federal Deposit Insurance Corporation only insures deposits up to $250,000 per depositor per bank. These businesses often find that a significant portion of their days are used just to attend to banking.

The present invention, hereinafter referred to as Bank Mall, is a messenger service for businesses as well as consumers that provides delivery and pickup of banking transactions for them, saving them the time and hassle of physically visiting a bank. It is an additional object of the present invention to provide the ability to make a deposit at any bank to any other bank. The invention also provides a bank branch location having branches for multiple banking institutions at one location. Additionally, the present invention provides the ability to make a deposit at any bank to any other bank.

For the pick up and delivery services, the Bank Mall service charges clients a flat monthly fee or per transaction fee for completing the banking transactions. A first embodiment of Bank Mall is to contract with a business to provide agents who serve as messengers for the business. These agents visit an establishment, pick up transactions and physically deliver these transactions to each bank used by the business. The agent messenger returns to the client with receipts and change orders. A second embodiment for Bank Mall is to provide one centralized location that possesses teller windows designated for several different banks, providing one stop banking for those people using multiple institutions. This service accepts deposits and payments, as well as other banking services, such as opening an account, applying for a loan, etc. A third embodiment is to provide a window covering all banks with the Bank Mall establishment possessing proprietary computer software that links to their contracted banks, allowing the Bank Mall to process the transactions.

Using Bank Mall, business and commercial interests can delegate common banking transaction tasks to a third party, leaving the bank to attend to more important daily functions such as serving their clients and generating new business. People with jobs that preclude them from using a bank during normal business hours can have cash checks and make deposits while they are at work. Presented as a franchise opportunity, Bank Mall provides entrepreneurs a new lucrative business venture. Banks may decrease overhead and increase their bottom lines, as proliferation of this third party service eliminates the need to over saturate areas with multiple branches to accommodate high in bank traffic. Fully developed and implemented, the present invention will well received by a public at large, for business and personal banking.

Although this invention has been described with respect to specific embodiments, it is not intended to be limited thereto and various modifications which will become apparent to the person of ordinary skill in the art are intended to fall within the spirit and scope of the invention as described herein taken in conjunction with the accompanying drawings and the appended claims.