Patent ID: 7809641

Claim:
A computer-implemented method for processing a collective account said method comprising: issuing financial transaction cards associated with a plurality of non-linked separate and independent financial instrument accounts to a plurality of account holders, the non-linked separate and independent financial instrument accounts adapted to be linked to collective accounts; providing a plurality of fundable collective accounts linkable with the plurality of separate and independent financial instrument accounts; receiving from at least one of the plurality of account holders, an indication of at least one fundable collective account to link with at least one separate and independent financial instrument account, linking the at least one fundable collective account and the at least one separate and independent financial instrument account; aggregating usage of financial transaction cards corresponding to separate and independent financial instrument accounts linked with the at least one fundable collective account; calculating a first reward based on the aggregate financial transaction card usage; funding the at least one collective account with the first reward such that the first reward is divisible among one or more sub accounts according to a provided reward allocation; and providing an option to add or remove a linked collective account and adjust the provided reward allocation, wherein the providing, receiving, linking, aggregating, calculating and funding steps are performed by a computer comprising a processor and a memory.