Patent ID: 7447663

Claim:
A method for a client to authorize an automated clearing house (ACH) transaction via the world wide web, the method comprising the steps of: receiving authentication credentials to access an online web interface to a financial provider network, wherein the financial provider network comprises a second account which is an investment account of the client that is supplemented with funds from the ACH transaction; receiving ACH transaction parameters, after verification of the authentication credentials, including whether the ACH transaction from a first account to the second account is at least one of one-time, recurring, and scheduled; receiving an ACH authorization to issue an ACH credit to the second account; storing the ACH transaction parameters in a database; determining a balance change condition in the second account; invoking the authorized ACH transaction based upon the determination of the balance change condition associated with the second account; creating an ACH entry based on the ACH authorization; executing the authorized ACH transaction based on the ACH transaction parameters; and, providing the ACH entry to an Originating Depository Financial Institution, wherein the ACH entry is sent to an ACH Operator and passed to a Receiving Depository Financial Institution (RDFI) causing the RDFI to debit the first account and credit the second account.