Janet M Wheeler

US Patent:

8050995, Nov 1, 2011

Filed:

May 27, 2009

Appl. No.:

12/472439

Inventors:

Peter J. Landry - Charlotte NC, US
Susan S. Thomas - Gastonia NC, US
Janet M. Wheeler - Charlotte NC, US
David T. Lee - Charlotte NC, US

Assignee:

Bank of America Corporation - Charlotte NC

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 1418

Abstract:

Apparatus and methods for providing a banking service are provided. The method may use an electronic information processing platform. The method may include storing, in a computer memory, information relating to a current balance in a first customer account. The method may also include storing information relating to a retirement balance. The retirement balance may be a projected balance that will be present in the first customer account upon the customer's retirement. The method may further include storing information relating to a period of time. The period of time may relate to a time span that spans from a predetermined pre-retirement date to a customer's projected retirement date. The systems and methods of the invention may also include activating a series of withdrawals. The series of withdrawals may withdraw funds from the first customer account and deposit the withdrawn funds in a second customer account. The amount of funds withdrawn from the first customer account may increase at least once during the duration of the series of withdrawals.