Patent ID: 8280785

Claim:
A method for managing financial accounts, comprising: receiving, from a user, a new address of the user and a first old address of the user, wherein the new address is an update of the first old address; identifying a first account of the user at a first financial institution, and a second account of the user at a second financial institution; generating, without intervention from the user, using a processor, and for the first financial institution, a first address change request comprising the new address and the first old address; transmitting the first address change request to the first financial institution; receiving a success notification from the first financial institution indicating that the first financial institution successfully updated the first old address in the first account to the new address; generating, without intervention from the user, using the processor, and for the second financial institution, a second address change request comprising the new address and the first old address; transmitting the second address change request to the second financial institution; determining that the second account at the second financial institution comprises a second old address that is distinct from the first old address; receiving, from the second financial institution, a failure notification indicating that the second financial institution failed to update the second account with the new address because the second account comprises the second old address instead of the first old address, and generating, for the user and using the processor, a report comprising the first financial institution, the success notification, the second financial institution, and the failure notification.