Patent ID: 8266047

Claim:
A computer for securing foreign destination currency funds for a traveler for prospective travel in a selected foreign destination country commencing on a preselected travel date thereby defining a domestic financial institution computer, the computer comprising: one or more processors; one or more input/output units for communicating with one or more remote computers; and non-transitory computer memory encoded with computer program operable by the one or more processors so that during operations thereof a domestic financial institution computer performs the following steps: determining a foreign exchange rate for a selected foreign destination country and substantially all fees associated therewith responsive to receipt of data on a first date, the data including: a future travel date being substantially later than the first date and being established by a traveler or a representative thereof to thereby define a preselected travel date, indicia of the selected foreign destination country, and indicia of an amount of desired foreign destination currency funds; determining an amount of domestic currency funds needed so that an interest-bearing foreign destination currency transaction account has at least the desired amount of foreign destination currency funds indicated in the data by the preselected travel date, the determination being based on the foreign exchange rate and anticipated interest accrual of foreign destination currency funds from an origination date to a maturity date; and indicating, via the one or more input/output units, to the traveler or the representative thereof the amount of domestic currency funds needed to open the interest-bearing foreign destination currency transaction account so that the transaction account will have at least the desired amount of foreign destination currency funds by the preselected travel date.