System and method for managing related accounts

Abstract

The present application relates to a system and method for managing a plurality of accounts. A plurality of accounts is provided, with each account being associated with a customer. Account activity information associated with at least one action regarding one of the plurality of accounts is received at a first predetermined frequency. The received account activity information is analyzed, and at least one term of another account amongst the plurality of accounts is modified based upon a result of the analysis at a second predetermined frequency.

1 - 56 . (canceled) 
     
     
         57 . A method for managing a plurality of existing accounts, comprising:
 receiving, at the institution system via a network, account activity information associated with at least one action of a first existing account associated with a customer at a first predetermined frequency;   analyzing, on the at least one processor, the received account activity information and the first predetermined frequency; and   modifying a least one term of a second existing account associated with the customer based upon a result of the analysis at a second predetermined frequency, wherein the second predetermined frequency is based on the analysis of the received account activity information and the first predetermined frequency,   wherein the at least one term includes one of annual fees, access fees, transaction fees, late fees, maintenance fees, commission fees, or inactivity fees associated with the second account.   
     
     
         58 . The method of  claim 57 , wherein the first existing account is one of: a credit account, a savings account, a checking account, an incentive reward account, a mortgage account, a brokerage account, a stored value account, a security access account, a medical account, a transportation account, an academic account, or a home equity line of credit account. 
     
     
         59 . The method of  claim 57 , wherein the received account activity information includes at least one of: a change in a balance, a change in a quantity of a debt, a quantity of a cash advance transaction, a location of the action, a date of the action, a time of the action, or a type of the action. 
     
     
         60 . The method of  claim 59 , wherein the analyzing includes analyzing a rate of change of the balance. 
     
     
         61 . The method of  claim 60 , wherein the analyzing includes analyzing a deviation of the rate of change of the balance from one of an average rate of change of the balance or a median rate of change of the balance. 
     
     
         62 . The method of  claim 59 , wherein the analyzing includes analyzing a deviation in a quantity of the balance with respect to one of an average balance or a median balance. 
     
     
         63 . The method of  claim 59 , wherein the analyzing includes analyzing a frequency of actions. 
     
     
         64 . The method of  claim 63 , wherein the analyzing includes analyzing a deviation of the frequency of actions from one of an average frequency of actions or a median frequency of actions. 
     
     
         65 . The method of  claim 59 , wherein the analyzing includes analyzing a geographical distribution of actions. 
     
     
         66 . The method of  claim 65 , wherein the analyzing includes analyzing a deviation of the geographical distribution of actions from one of an average geographical distribution of actions or a median geographical distribution of actions. 
     
     
         67 . The method of  claim 59 , wherein the analyzing includes analyzing a type of action. 
     
     
         68 . The method of  claim 59 , wherein the analyzing includes analyzing a duration of time between at least two actions. 
     
     
         69 . The method of  claim 58 , wherein modifying the at least one term includes one of adding to, removing from, increasing, decreasing, or otherwise modifying the at least one term associated with the second account. 
     
     
         70 . The method of  claim 69 , wherein the at least one term relates to at least one of: a portion of a balance of the second existing account, an interest rate associated with the second existing account, an annual percentage rate associated with the second existing account, a grace period for one of interest payments or principal payments associated with the second existing account, and a required minimum balance associated with the second existing account. 
     
     
         71 . The method of  claim 69 , wherein the at least one term includes at least one of: an eligibility for incentive reward points, a rate of accumulation of incentive reward points, or an exchange value of accumulated incentive reward points associated with the second existing account. 
     
     
         72 . The method of  claim 69 , wherein the at least one term includes at least one of: a brokerage commission rate or a brokerage margin rate associated with the second existing account, a mortgage loan interest rate associated with the second existing account, and a home equity line of credit interest rate associated with the second existing account. 
     
     
         73 . The method of  claim 69 , wherein the at least one term includes at least one of: includes an access privilege to a secured area associated with the second existing account, a privilege for use of transportation services associated with the second existing account, a medical privilege associated with the second account, and an academic privilege associated with the second existing account. 
     
     
         74 . A system for managing a plurality of existing accounts, comprising:
 data storage storing a first existing account associated with a customer; and   an account management processor that:
 receives, via a network, account activity information associated with at least one action of the first existing account at a first predetermined frequency; 
 analyzes the received account activity information and the first predetermined frequency; and 
   modifies a least one term of a second existing account associated with the customer based upon a result of the analysis at a second predetermined frequency, wherein the second predetermined frequency is based on the analysis of the received account activity information and the first predetermined frequency,   wherein the at least one term includes one of annual fees, access fees, transaction fees, late fees, maintenance fees, commission fees, or inactivity fees associated with the second existing account.   
     
     
         75 . The system of  claim 74 , wherein the data storage also stores the second existing account. 
     
     
         76 . The system of  claim 74 , wherein the first existing account is stored at a first institution and the second existing account is an account stored at a second institution.