Patent ID: 7505937

Claim:
A method for executing a financial transaction, comprising: in a first transaction, a third-party financial management system executing a debit transaction with a first financial institution to withdraw funds at the request of an initiator from a source account owned by the initiator, and executing a credit transaction to deposit the funds in an intermediate account owned by a third-party system, wherein the intermediate account is not owned by the initiator; holding the funds from the debit transaction in the intermediate at a third financial institution; and in a second transaction, the third-party system executing a debit transaction with the third financial institution to withdraw the funds, and executing a credit transaction with a second financial institution to deposit the funds in an account owned by the initiator at the second financial institutions, wherein the amount of funds deposited equals the amount of funds withdrawn from the source account, and wherein the third-party system is independent from the first financial institution, the second financial institution, and the third financial institution, and wherein the third-party system communicates with the first financial institution, the second financial institution, and the third financial institution via a network.