Systems and methods for opening, funding, and managing financial accounts
First Claim
1. A method for opening a financial account, the method comprising:
- electronically receiving application information for a first account from a customer;
verifying the identity of the customer;
establishing the first account when the identity of the customer has been verified;
automatically depositing one or more microdeposits into a preexisting second account of the customer, wherein the microdeposits have a monetary value;
providing secure access to the customer at the first account after receiving and verifying personally-identifying information from the customer;
electronically receiving an input associated with the monetary value of the one or more microdeposits from the customer at the first account after providing secure access to the customer at the first account; and
automatically confirming the monetary value of the one or more microdeposits and, after confirmation, electronically funding the first account using a funds transfer from the second account.
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Accused Products
Abstract
Systems and methods for opening, funding, and managing financial accounts are disclosed herein. In one embodiment, a method for opening and funding a financial account includes electronically receiving application information for a first account from a customer, verifying the identity of the customer and, after verification, establishing the first account. The method also includes depositing one or more microdeposits into a preexisting second account of the customer. The method then includes receiving electronically from the customer at the first account a monetary value of the one or more microdeposits. Before providing input regarding the monetary value of the one or more microdeposits, the customer securely logs into the first account by electronically providing selected personally-identifying information. The method further includes confirming the customer'"'"'s input regarding the monetary value of the one or more microdeposits and, after confirmation, electronically funding the first account using a funds transfer from the second account.
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Citations
20 Claims
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1. A method for opening a financial account, the method comprising:
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electronically receiving application information for a first account from a customer;
verifying the identity of the customer;
establishing the first account when the identity of the customer has been verified;
automatically depositing one or more microdeposits into a preexisting second account of the customer, wherein the microdeposits have a monetary value;
providing secure access to the customer at the first account after receiving and verifying personally-identifying information from the customer;
electronically receiving an input associated with the monetary value of the one or more microdeposits from the customer at the first account after providing secure access to the customer at the first account; and
automatically confirming the monetary value of the one or more microdeposits and, after confirmation, electronically funding the first account using a funds transfer from the second account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A computer-readable medium containing instructions causing one or more computers to perform a method comprising:
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receiving application information for a first demand deposit account from a remote applicant;
obtaining credit information related to the applicant and creating multiple out-of-wallet identity verification questions based upon the credit information;
comparing responses by the applicant to the multiple questions and, if the responses match, establishing the first account; and
electronically funding the first account using a funds transfer from a preexisting second account of the customer, wherein the funding process includes automatically depositing two or more microdeposits into the second account after establishing the first account, wherein the microdeposits having a monetary value;
providing secure access to the applicant at the first account after receiving and authenticating selected personally-identifying verification information from the applicant;
receiving an input from the applicant at the first account associated with the monetary value of the two or more microdeposits after providing secure access to the applicant; and
after automatically confirming the input from the applicant at the first account matches the monetary value of the two or more microdeposits, funding the first account using an electronic funds transfer from the second account. - View Dependent Claims (15, 16, 17)
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18. A system for opening, funding, and managing a financial account, the system comprising:
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means for receiving application information for a first account from a remote applicant and establishing the first account after verification of identity and credit information related to the applicant;
means for depositing one or more microdeposits into a preexisting second account of the applicant;
means for receiving from the applicant at the first account an input confirming a monetary value of the one or more microdeposits, wherein the input confirming the monetary value is received after the applicant has securely logged into the first account; and
means for funding the first account using a funds transfer from the second account. - View Dependent Claims (19, 20)
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Specification