Patent ID: 7873571

Claim:
A method of managing funds held in a brokerage account of a client of a brokerage within a computer with a processor, a data network interface coupling the processor to computers of a plurality of separate banking entities that are separately chartered and affiliated and each hold at least one interest bearing account, and a memory for storing program instructions which when executed cause the processor to perform said method comprised of executing in the memory program instruction that perform the steps of: on a daily basis accruing funds into a brokerage account of a client at said brokerage; determining using a program in memory if the daily accrued funds into the brokerage account of the client is above a first threshold value; moving at least a portion of the daily accrued funds of the client to at least one of an interest bearing accounts in a first of a plurality of commonly owned separate banking entities after validation that a sum of all deposit amounts from the brokerage account does not exceed a permissible amount of a second threshold value at the first of the plurality of commonly owned banks, and a deposit limit for the client at the first of the plurality of commonly owned banks does not exceed a third threshold value; in an iterative fashion, for at least a second of the plurality of commonly owned separate banking entities, determining using the program in memory if the client brokerage account available funds for transfer exceeds the first threshold, and move at least a portion of the daily accrued funds of the client to at least one of an interest bearing accounts in the second of a plurality of commonly owned separate banking entities after validation that the sum deposit amount from the brokerage account into the second of a plurality of commonly owned separate banking entities does not exceed a permissible amount of a second threshold value at the second of the plurality of commonly owned banks, and a deposit limit for the client at the second of the plurality of commonly owned banks does not exceed a third threshold value.