Method and system for facilitating switching of financial institution accounts

A system for facilitating switching of financial institution accounts for a debit account holder, the system comprising:

• a customer device configured to communicate information;
• and
• an account servicer comprising:
• logic implemented in hardware and configured to receive, from the user device, a request to convert a first financial institution account with a first financial institution;
• logic implemented in hardware and configured to determine for the debit account holder a list of possible financial that are associated with a payment association, using a financial institution list stored in a database;
• logic implemented in hardware and configured to establish a second financial institution account with a second financial institution selected from the list of possible financial institutions, wherein the second financial institution is different from the first financial institution, and
• wherein the first financial institution account and the second financial institution account are associated with the payment association;
• logic implemented in hardware and configured to link the second financial institution account to one or more additional accounts associated with the debit account holder, wherein the one or more additional accounts comprise a payment association account with the payment association, wherein the payment association account is a new account established by the debit account holder's existing payment association;
• and
• logic implemented in hardware and configured to allow the debit account holder to retain any accrued benefits with the existing payment association via the second financial institution account, wherein the debit account holder is able to accrue additional benefits via the second financial institution account, and wherein the debit account holder is able to add the additional benefits to the accrued benefits.

A method for facilitating switching any linkages for a current financial institution account with a first financial institution, for a debit account holder to a new financial institution account, the method comprising:

• obtaining information from the debit account holder;
• determining for the debit account holder a list of possible financial institution candidates based on the obtained information and using a financial institution list stored in a database;
• establishing a new financial institution account for the debit account holder with a second financial institution selected from the list of possible financial institution candidates, wherein the second financial institution is different from the first financial institution;
• determining one or more additional accounts linked to the current financial account;
• and
• linking, by logic implemented in hardware, the new financial institution account to the one or more additional accounts determined including a payment association account established by the debit account holder's existing payment association for the debit account holder,
• wherein the payment association account comprises a new account established by the debit account holder's existing payment association, and
• wherein the debit account holder is able to retain any accrued benefits with the existing payment association via the payment association account and the debit account holder is able to accrue further benefits in addition to any accrued benefits with the existing payment association via the new financial institution account, and the additional benefits are added to the accrued benefits.

A system, implemented in hardware, for facilitating switching any linkages for a current financial institution account with a first financial institution, for a debit account holder to a new financial institution account, the system comprising:

• control logic implemented in hardware and configured to obtain information from the debit account holder;
• control logic implemented in hardware and configured to determine for the debit account holder a list of possible financial institution candidates based on the obtained information and using a financial institution list stored in a database;
• control logic implemented in hardware and configured to establish a new financial institution account with a second financial institution selected from the list of possible financial institution candidates, wherein the second financial institution is different from the first financial institution;
• control logic implemented in hardware and configured to determine one or more additional accounts linked to the current financial account, wherein the one or more additional accounts include a payment association account established by the debit account holder's existing payment association for the debit account holder;
• control logic implemented in hardware and configured to link the new financial institution account to the one or more additional accounts determined;
• control logic implemented in hardware and configured to allow the debit account holder to retain any accrued benefits with the existing payment association via the payment association account;
• and
• control logic implemented in hardware and configured to allow the debit account holder to accrue further benefits in addition to any accrued benefits with the existing payment association via the new financial institution account.