System and Method for Providing Time to Cure Negative Balances in Financial Accounts While Encouraging Rapid Curing of Those Balances to a Positive Net Position

摘要

A computer implemented method and system for providing financial services are described. The system and method include determining an account balance for a financial account. If the account balance is negative, notice of the negative balance is sent to the account holder in real time. After a predetermined period of time or grace period, and/or by a predetermined end time or cut-off date or time, it is determined whether the negative balance was cured. If the negative balance was not cured during the grace period, an overdraft fee is assessed to the financial account. If the negative balance was cured during the grace period, any assessed overdraft fee for the negative balance is rebated or reversed.

主权项

1. A computer-implemented method comprising the steps of:
electronically determining using a computer processor if a financial account of a customer has a monetary amount-that is delinquent; if the monetary amount is delinquent, automatically sending an electronic notice of the delinquent monetary amount to the customer using the computer processor; electronically assessing a fee to the financial account using the computer processor if the delinquent monetary amount of the financial account is not cured within a predetermined period of time; and wherein the predetermined period of time is at least until the next day after electronically determining the monetary amount is delinquent.