Funds Transfer Method and Apparatus

Abstract

A withdrawal of assets is initiated from a first account at a first financial institution. A deposit of the assets withdrawn from the first account is initiated to a second account at a second financial institution. The first account and the second account have a common account holder. The withdrawal and deposit of assets may be initiated after analyzing multiple accounts of the account holder and determining whether an adjustment of funds among the multiple accounts would benefit the account holder. A debit instruction is used to initiate the withdrawal of assets and a credit instruction is used to initiate the deposit of the withdrawn assets. The withdrawal and deposit of assets can be implemented using one or more payment networks, debit networks, or a wire transfer between the two financial institutions.

1 - 47 . (canceled) 
     
     
         48 . A method for executing a funds transfer in response to a funds transfer request, the method comprising:
 in a first transaction, a financial management system executing a debit transaction from a source account at a first financial institution, comprising withdrawing funds from the source account and depositing the funds from the debit transaction in an intermediate account, wherein the intermediate account is controlled by the financial management system; and   in a second transaction, the financial management system executing a debit transaction comprising withdrawing the funds from the intermediate account, and depositing the funds in a destination account at a second financial institution.