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

An information security computing process, implemented on an information security computing machine, for securely determining whether to fund an electronic customer transaction for a customer received from an automated clearing house, the customer having an electronic account and an electronic communication device, the process comprising the steps of:

• a. receiving, by the information security machine from the automated clearing house, the electronic customer transaction;
• b. determining, by the information security machine, whether the electronic account has sufficient funds to cover the electronic customer transaction;
• c. if the electronic account has said sufficient funds automatically:
• i. funding, by the information security machine, the electronic customer transaction;
• ii. debiting, the electronic account by the information security computing machine, an amount corresponding to the electronic customer transaction;
• and
• d. if the electronic account does not have said sufficient funds to cover the electronic customer transaction automatically:
• i. determining, by the information security machine, whether the customer is enrolled in overdraft notifications for the electronic account;
• 1. if the customer is enrolled in said overdraft notifications:
• a. determining, by the information security machine, a negative overdraft amount;
• b. determining, by the information security machine, whether the negative overdraft amount is less than an overdraft limit;
• c. if the negative overdraft amount is less than the overdraft limit:
• i. funding, by the information security machine, the electronic customer transaction;
• ii. debiting, the electronic account by the information security machine, the amount corresponding to the electronic customer transaction;
• iii. transmitting, by the information security machine to the electronic communication device, at least one notification by text message, email, online portal, or online banking app notifying the customer that the electronic account is overdrawn and that a minimum amount that must be deposited within a grace period to avoid an overdraft fee;
• and
• iv. assessing, by the information security machine, the overdraft fee to the electronic account if a deposit is not made by the customer to the electronic account of at least said minimum amount within the grace period;
• and
• d. if the overdraft amount is not less than the overdraft limit, rejecting, by the information security machine, the electronic customer transaction;
• and
• 2. if the customer is not enrolled in said overdraft notifications, rejecting, by the information security machine, the electronic customer transaction;
• and
• ii. if the customer is not enrolled in overdraft notifications for the electronic account, rejecting, by the information security machine, the electronic customer transaction.

An information security computing process, implemented on an information security computing machine, for securely determining whether to fund an electronic customer transaction for a customer received from an automated clearing house, the customer having an electronic account and an electronic communication device, the process comprising the steps of:

• a. automatically enrolling, by the information security machine, the customer in overdraft notifications for the electronic account;
• b. receiving, by the information security machine from the automated clearing house, the electronic customer transaction on a receiving date;
• c. batch processing, by the information security machine of the electronic customer transaction, to determine whether the electronic account has sufficient funds to cover the electronic customer transaction, said determination being made after a close of business on the receiving date on which the electronic customer transaction was received from the automated clearing house;
• d. if the electronic account has said sufficient funds automatically:
• i. funding, by the information security machine, the electronic customer transaction;
• ii. debiting, the electronic account by batch processing of the electronic customer transaction by the information security computing machine, an amount corresponding to the electronic customer transaction, said batch processing occurring after the close of business the receiving date;
• and
• e. if the electronic account does not have said sufficient funds to cover the electronic customer transaction automatically:
• i. determining, by the information security machine after said batch processing of the electronic customer transaction, a negative overdraft amount;
• ii. determining, by the information security machine after said batch processing of the electronic customer transaction, whether the negative overdraft amount is less than an overdraft limit;
• iii. if the negative overdraft amount is less than the overdraft limit:
• 1. funding, by the information security machine, the electronic customer transaction;
• 2. debiting, the electronic account by said batch processing of the electronic customer transaction by the information security machine, the amount corresponding to the electronic customer transaction, said batch processing occurring after the close of business the receiving date;
• 3. transmitting, by the information security machine to the electronic communication device, at least one notification by text message, email, online portal, or online banking app on a same business day that a minimum amount must be deposited to avoid an overdraft fee, said at least one notification:
• a. identifying, by the information security machine, the electronic customer transaction that was paid or returned,
• b. identifying, by the information security machine, that the electronic account is overdrawn,
• c. identifying, by the information security machine, the minimum amount that must be deposited on the same business day to avoid the overdraft fee,
• d. identifying, by the information security machine, the overdraft fee that will be assessed if the minimum amount is not deposited on the same business day, and
• e. identifying, by the information security machine, a time deadline by which the minimum amount must be deposited to avoid the overdraft fee;
• and
• 4. assessing, by the information security machine, the overdraft fee to the electronic account if the minimum amount is not deposited by the time deadline;
• and
• iv. if the overdraft amount is not less than the overdraft limit, rejecting, by the information security machine, the electronic customer transaction.