Patent ID: 8290853

Claim:
A computer-implemented method of securing foreign destination currency funds for a traveler for prospective travel in a selected foreign destination country commencing on a preselected travel date, the method comprising the steps of: providing, by a financial institution computer, an online enrollment site configured to allow a traveler or a representative thereof to initiate an interest-bearing foreign destination currency transaction account, the online enrollment site configured to receive a selected travel date to define a preselected travel date, a foreign destination country, and traveler personnel identification data; converting, by the financial institution computer, domestic currency funds to foreign destination currency funds at a foreign exchange rate responsive to receiving domestic currency funds from the traveler or the representative thereof establishing, by the financial institution computer, the interest-bearing foreign destination currency transaction account to thereby procure foreign destination currency funds for the traveler at the foreign exchange rate, the transaction account having an origination date and being available for use on and after a date substantially after the origination date to define a maturity date, the transaction account configured to accrue interest on the foreign destination currency funds at one or more interest rates from the origination date of the transaction account to the maturity date and determining an amount of interest on the foreign destination currency funds to be provided at the one or more interest rates between the origination date of the transaction account and the maturity date.