System and method for bank account management and currency investment

• US 8,341,054 B2
• Filed: 07/02/2010
• Issued: 12/25/2012
• Est. Priority Date: 07/02/2010
• Status: Expired due to Fees

• Current Assignee: CDT Global Soft Incorporated
• Original Assignee: CDT Global Soft Incorporated
• Inventors: Klein, David
• Primary Examiner(s): Kyle, Charles
• Assistant Examiner(s): Liu, Jennifer
• Application Number:
  US12/830,165
• Publication Number:
  US 20120005117A1
• Time in Patent Office: 907 Days
• Field of Search: 705 35- 45
• US Class Current: 705/35
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

The invention is a device for bank account management, comprising an input device adapted to receive information related to a diversification of an initial fund of a user, and a processor adapted to calculate a distribution of the initial fund comprising one or more selected currencies based upon the diversification information, convert the initial fund from an initial currency into a converted fund comprising one or more selected currencies based upon the calculated distribution, and record the information about the converted fund in a data file for the bank account.

Claims

1. A device for a bank account management, comprising:

an input device adapted to receive information related to a diversification of a first fund of a user; and

a processor adapted to;

calculate a distribution of the first fund comprising one or more selected currencies, wherein the distribution of the first fund is based upon the diversification information;

convert the first fund from a first currency into a converted fund comprising one or more selected currencies based upon the calculated distribution; and

record information about the converted fund in a data file for the bank account;

wherein the calculation of the distribution of the first fund comprises;

calculating a percentage difference in an exchange rate between the first currency and each of the one or more selected currencies over a first time period;

calculating one or more ratio values by dividing a percentage difference in exchange rates for each of the one or more selected currencies by a largest percentage difference of an exchange rate over the first time period; and

calculating a normalized share for each of the one or more ratio values by;

adding each of the one or more ratio values together to equal a ratio value set; and

dividing each of the one or more ratio values by the ratio value set.

2. The device of claim 1, wherein a diversification information comprises a guideline factor for a calculation and distribution of the first funds.

3. The device of claim 2, wherein the guideline factor comprises a user risk factor.

4. The device of claim 2, wherein the guideline factor comprises a rate of yield factor.

5. The device of claim 2, wherein the guideline factor comprises a currency efficiency rate factor.

6. The device of claim 2, wherein the guideline factor comprises currency exchange rate data.

7. The device of claim 2, wherein the guideline factor comprises:

gross domestic product of a nation.

8. The device of claim 1, wherein information related to the diversification comprises receiving information related to the first fund.

9. The device of claim 1, wherein information related to the diversification comprises receiving information related to the selected currency.

10. The device of claim 9, wherein the selected currency comprises the first currency.

11. The device of claim 1, wherein the input device is further adapted to receive a request to open the bank account.

12. The device of claim 1, wherein the processor is further adapted to create a data file for the bank account.

13. The device of claim 8, wherein information related to the first fund in an initial currency comprises a fund deposit to the bank account.

14. The device of claim 8, wherein information related to the first fund in an initial currency comprises a fund withdrawal from the bank account.

30. The device of claim 2, wherein the guideline factor comprises one or more quarterly financial reports.

15. A method for managing a bank account, comprising:

receiving information by an input device related to a diversification of a first fund of a user;

calculating a distribution by a processor of the first fund comprising one or more selected currencies, wherein the distribution of the first fund is based upon the diversification information;

converting the first fund by the processor from a first currency into a converted fund comprising the selected currencies based upon the calculated distribution; and

recording information by the processor about the converted fund in a data file for the bank accounts;

wherein the calculation of the distribution of the first fund comprises;

calculating a percentage difference in an exchange rate between the first currency and each of the one or more selected currencies over a first time period;

calculating one or more ratio values by dividing a percentage difference in exchange rates for each of the one or more selected currencies by a largest percentage difference of an exchange rate over the first time period; and

calculating a normalized share for each of the one or more ratio values by;

adding each of the one or more ratio values together to equal a ratio value set; and

dividing each of the one or more ratio values by the ratio value set.

16. The method of claim 15, wherein a diversification information comprises a guideline factor for a calculation and distribution of the first funds.

17. The method of claim 16, wherein the guideline factor comprises a user risk factor.

18. The method of claim 16, wherein the guideline factor comprises a rate of yield factor.

19. The method of claim 16, wherein the guideline factor comprises a currency efficiency rate factor.

20. The method of claim 16, wherein the guideline factor comprises currency exchange rate data.

21. The method of claim 16, wherein the guideline factor comprises:

gross domestic product of a nation.

22. The method of claim 15, wherein information related to the diversification comprises receiving information related to the first fund.

23. The method of claim 15, wherein information related to the diversification comprises receiving information related to the selected currency.

24. The method of claim 16, wherein the selected currency comprises the first currency.

25. The method of claim 15, further comprising receiving a request to open the bank account.

26. The method of claim 15, further comprising creating a data file for the bank account.

27. The method of claim 22 wherein information related to the first fund comprises a fund deposit to the bank account.

28. The method of claim 22 wherein information related to the first fund comprises a fund withdrawal from the bank account.

31. The method of claim 16, wherein the guideline factor comprises one or more quarterly financial reports.

29. A non-transitory computer-readable medium including codes extractable by a computer, adapted to:

receive information related to a diversification of a first fund of a user;

calculate a distribution of the first fund comprising one or more selected currencies based upon the diversification information;

convert the first fund from an first currency into a converted fund comprising the one or more selected currencies based upon the calculated distribution; and

record information about the converted fund in a data file for a bank account;

wherein to calculate the distribution of the first fund comprises;

calculating a percentage difference in an exchange rate between the first currency and each of the one or more selected currencies over a first time period;

calculating one or more ratio values by dividing a percentage difference in exchange rates for each of the one or more selected currencies by a largest percentage difference of an exchange rate over the first time period; and

calculating a normalized share for each of the one or more ratio values by;

adding each of the one or more ratio values together to equal a ratio value set; and

dividing each of the one or more ratio values by the ratio value set.