Patent ID: 7383223

Claim:
A method for executing a funds transfer in response to a user input, the method comprising: receiving an electronic funds transfer request from the user comprising an identification of a source account, an identification of a destination account and a transfer amount; in a first transaction, a third-party financial management system executing a debit transaction from the source account at a first financial institution, comprising withdrawing funds from the source account, wherein the source account is owned by the user, the third-party system having no financial relationship with the user, and depositing the funds from the debit transaction in an intermediate account, wherein the intermediate account is not owned by the user; and in a second transaction, the third-party system executing a debit transaction comprising withdrawing the funds from the intermediate account, and depositing the funds in a second account owned by the user at the second financial institution, wherein the amount of funds deposited equals the transfer amount.