System and method for providing time to cure negative balances in financial accounts while encouraging rapid curing of those balances to a positive net position

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 12205162
APP PUB NO 20210110470A1
SERIAL NO

17129779

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Importance

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Abstract

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A computer implemented method and system for providing financial services are described. The system and method include determining an account balance for a financial account. If the account balance is negative, notice of the negative balance is sent to the account holder in real time. After a predetermined period of time or grace period, and/or by a predetermined end time or cut-off date or time, it is determined whether the negative balance was cured. If the negative balance was not cured during the grace period, an overdraft fee is assessed to the financial account. If the negative balance was cured during the grace period, any assessed overdraft fee for the negative balance is rebated or reversed.

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Patent Owner(s)

Patent OwnerAddress
HUNTINGTON BANCSHARES INCORPORATED41 SOUTH HIGH STREET COLUMBUS OH 43215

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Carson, Bryan James New Albany, US 5 24
Kastelic, Jeff Mars, US 8 143
Lemke, Lee Marion, US 7 112
Rhoades, Mark Richard Columbus, US 5 1
Schamer, David Powell, US 8 143

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