Methods and systems for providing a savings goal
AssigneeeBay Inc.
InventorsGerman Scipioni, Donald James Fotsch, Joseph Edward Black, Amy Poling, Alp Tiritoglu
Life of this patent
Estimating the term…
Abstract
Example embodiments describe a method and a system to control activities of a financial account. In example embodiments, a secondary account is linked to a primary account. Within the secondary account, a spending account and a savings account are established. A savings goal in the savings account of the secondary account that enables a portion of the savings account of the secondary account to be set aside is created. The savings goal includes a goal amount. An automatic purchase of a product associated with the savings goal upon the goal amount being met may be allowed.
Claims21
A method comprising:
- linking a secondary account to a primary account;
- establishing, within the secondary account, a spending account and a savings account;
- creating, using a processor of a machine, a savings goal in the savings account of the secondary account that enables a portion of the savings account of the secondary account to be set aside, the savings goal including a user indicated final goal amount to achieve the savings goal;
- and
- transferring funds of the savings goal in the secondary account directly to a third party providing a product corresponding to the savings goal to pay for the product in response to the user indicated final goal amount being met.
A system comprising:
- a processor of a machine;
- at least one account management module to link a secondary account to a primary account and to establish a spending account and a savings account within the secondary account;
- a savings module to create, using the processor of the machine, a savings goal in the savings account of the secondary account that enables a portion of the savings account of the secondary account to be set aside, the savings goal including a user indicated final goal amount to achieve the savings goal;
- and
- a payment transfer module to transfer funds of the savings goal in the secondary account directly to a third party providing a product corresponding to the savings goal to pay for the product in response to the user indicated final goal amount being met.
A machine-readable storage medium in communication with at least one processor, the machine-readable medium storing instructions which, when executed by the at least one processor of a machine, cause the machine to perform operations comprising:
- linking a secondary account to a primary account;
- establishing, within the secondary account, a spending account and a savings account;
- creating a savings goal in the savings account of the secondary account that enables a portion of the savings account of the secondary account to be set aside, the savings goal including a user indicated final goal amount to achieve the savings goal;
- and
- transferring funds of the savings goal in the secondary account directly to a third party providing a product corresponding to the savings goal to pay for the product in response to the user indicated final goal amount being met.
Dependencies are inferred from the claim text.