Methods and systems for providing a savings goal
First Claim
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1. A method comprising:
- linking a secondary account to a primary account;
establishing, within the secondary account, a spending account and a savings account;
creating, using a processor of a machine, a savings goal in the savings account of the secondary account that enables a portion of the savings account of the secondary account to be set aside, the savings goal including a user indicated final goal amount to achieve the savings goal; and
transferring funds of the savings goal in the secondary account directly to a third party providing a product corresponding to the savings goal to pay for the product in response to the user indicated final goal amount being met.
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Abstract
Example embodiments describe a method and a system to control activities of a financial account. In example embodiments, a secondary account is linked to a primary account. Within the secondary account, a spending account and a savings account are established. A savings goal in the savings account of the secondary account that enables a portion of the savings account of the secondary account to be set aside is created. The savings goal includes a goal amount. An automatic purchase of a product associated with the savings goal upon the goal amount being met may be allowed.
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Citations
21 Claims
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1. A method comprising:
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linking a secondary account to a primary account; establishing, within the secondary account, a spending account and a savings account; creating, using a processor of a machine, a savings goal in the savings account of the secondary account that enables a portion of the savings account of the secondary account to be set aside, the savings goal including a user indicated final goal amount to achieve the savings goal; and transferring funds of the savings goal in the secondary account directly to a third party providing a product corresponding to the savings goal to pay for the product in response to the user indicated final goal amount being met. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 21)
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12. A system comprising:
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a processor of a machine; at least one account management module to link a secondary account to a primary account and to establish a spending account and a savings account within the secondary account; a savings module to create, using the processor of the machine, a savings goal in the savings account of the secondary account that enables a portion of the savings account of the secondary account to be set aside, the savings goal including a user indicated final goal amount to achieve the savings goal; and a payment transfer module to transfer funds of the savings goal in the secondary account directly to a third party providing a product corresponding to the savings goal to pay for the product in response to the user indicated final goal amount being met.
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13. A machine-readable storage medium in communication with at least one processor, the machine-readable medium storing instructions which, when executed by the at least one processor of a machine, cause the machine to perform operations comprising:
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linking a secondary account to a primary account; establishing, within the secondary account, a spending account and a savings account; creating a savings goal in the savings account of the secondary account that enables a portion of the savings account of the secondary account to be set aside, the savings goal including a user indicated final goal amount to achieve the savings goal; and transferring funds of the savings goal in the secondary account directly to a third party providing a product corresponding to the savings goal to pay for the product in response to the user indicated final goal amount being met. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20)
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Specification