Integrated full service consumer banking system and system and method for opening an account

• US 6,354,490 B1
• Filed: 10/16/2000
• Issued: 03/12/2002
• Est. Priority Date: 06/07/1995
• Status: Expired due to Term

• Current Assignee: Citibank (South Dakota) NA (Citigroup Incorporated)
• Original Assignee: Citibank (South Dakota) NA (Citigroup Incorporated)
• Inventors: Weiss, Lawrence, Dowd, Marylou
• Primary Examiner(s): Frech, Karl D.
• Assistant Examiner(s): TAYLOR, APRIL ALICIA
• Application Number:
  US09/688,173
• Time in Patent Office: 512 Days
• Field of Search: 235/379, 235/380, 705/35, 705/42
• US Class Current: 235/379
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/18 involving self-service terminals [SST], vending machines, kiosks or multimedia terminals
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

An integrated financial system that includes a single customer account that permits a customer to perform various financial transactions. The account includes at least banking components and brokerage components. A consistent user interface is provided to allow a customer to access the account from different sources including at least an automatic teller machine, a phone and a personal teller transaction. The account is flexible enough to include a variety of other components such as a credit card component, a line of credit component, a secured credit component and a money market component. A system and method for opening a single integrated account for a customer in a single session is also described.

Claims

1. A computer implemented method of adding at least one account component to a single integrated account comprising:

downloading customer information from a first set of database entries associated with the single integrated account;

performing a needs analysis based on the customer information;

recommending the account component based on the needs analysis and customer information;

receiving a customer acceptance of the recommended account component; and

adding a second set of database entries associated with the single integrated account to show the customer'"'"'s acceptance of the recommended account component wherein portions of the second set of database entries are copied from portions of the first set of database entries.

2. The method of claim 1 wherein the account component is a credit card account.

3. The method of claim 1 wherein the account component is a savings account.

4. The method of claim 1 wherein the account component is an individual retirement account.

5. The method of claim 1 wherein the account component is an investment account.