Incentive Banking System And Method

One or more non-transitory computer readable media storing computer executable instructions that, when executed by at least one processor, cause the at least one processor to perform a method comprising:

• electronically maintaining a plurality of transactional saving accounts for customers associated with a financial entity,
• electronically, receiving data representative of an upper limit monetary fund amount, a periodic monetary fund amount, and a risk-based incentive monetary fund amount associated with the transactional saving accounts;
• electronically maintaining a collective saving account associated the plurality of customers;
• receiving a total amount of monetary funds associated with a deposit transaction for at least one of the transactional saving accounts;
• determining whether the total amount of monetary funds received matches or exceeds the periodic monetary amount;
• if the total amount of monetary funds received is less than the periodic monetary amount;
• then identifying a first portion and a second portion of the total amount of monetary funds associated with the deposit transaction, the first portion being the incentive amount of monetary funds and the second portion being the incentive amount less than the total amount of the monetary funds received, the first portion and the second portion being different monetary funds of the total amount of monetary funds;
• electronically applying the first portion to the collective saving account and applying the second portion to the least one transactional saving account;
• receiving data representative of an event associated with the collective saving account;
• and
• electronically distributing the total amount of monetary funds in the collective saving account to the transactional saving accounts of the customers based on the event.

A system comprising:

• at least one database configured to maintain a plurality of transactional saving accounts for customers associated with a financial entity;
• and
• at least one computing device, operatively connected to the at least one database, configured to:
• receive data representative of an upper limit monetary fund amount, a periodic monetary fund amount, and a risk-based incentive monetary fund amount associated with the transactional saving accounts;
• maintain a collective saving account associated the plurality of customers;
• receive a total amount of monetary funds associated with a deposit transaction for at least one of the transactional saving accounts;
• determine whether the total amount of monetary funds received matches or exceeds the periodic monetary amount;
• if the total amount of monetary funds received is less than the periodic monetary amount;
• then identify a first portion and a second portion of the total amount of monetary funds associated with the deposit transaction, the first portion being the incentive amount of monetary funds and the second portion being the incentive amount less than the total amount of the monetary funds received, the first portion and the second portion being different monetary funds of the total amount of monetary funds;
• apply the first portion to the collective saving account and applying the second portion to the least one transactional saving account;
• receive data representative of an event associated with the collective saving account;
• and
• distribute the total amount of monetary funds in the collective saving account to the transactional saving accounts of the customers based on the event.