Interactive account management system and method

An interactive account management system operated on behalf of multiple account holders, accessible on a hand-held wireless device, the system comprising:

• a hand-held wireless device having a user interface including an input device;
• a database for storing financial network information associated with an account holder, the database being accessible by the hand-held wireless device and addressable over a network;
• an application executed by a processor associated with the hand-held wireless device and adapted to implement the following components:
• a financial networking engine for defining a financial network for the account holder, the financial network comprising one or more financial accounts and two or more members including the account holder and at least one co-account holder, and for identifying the financial accounts and members of the financial network based on stored account information and/or user input, wherein at least two members of the financial network share access to at least one financial account in the financial network;
• interactive processing components for processing information to provide interaction between the members of the financial network defined by the financial networking engine, the interaction including financial guidance for the account holder relating to at least one account option;
• and
• user interface presentation tools for displaying interaction interfaces, accepting input from the financial network members and correspondingly displaying the at least one account option to the account holder on the user interface, the at least one option being based at least in part on the financial guidance as determined by the interactive processing components.

An interactive account management method operated on behalf of multiple account holders, the interactive account management method comprising:

• defining a financial network for an account holder, the financial network comprising one or more financial accounts and two or more members including the account holder and at least one co-account holder, and for identifying the financial accounts and members of the financial network based on stored account information and/or user input, wherein at least two members of the financial network share access to at least one financial account in the financial network;
• processing, by a processor associated with a hand-held wireless device, stored and input information with interactive processing components to provide interaction between the members of the defined financial network, the interaction including financial guidance for the account holder relating to at least one account option;
• displaying, via a user interface associated with the hand-held wireless device, interaction interfaces;
• and
• accepting, via an input device associated with the hand-held wireless device, input from the financial network members and correspondingly displaying the at least one account option to the account holder on the user interface, the at least one option being based at least in part on the financial guidance as determined by the interactive processing components.