The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.

The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.

Date of Patent:
Aug. 21, 2012

Filed:

Feb. 27, 2008
Applicants:

Joseph A. Giordano, Waxhaw, NC (US);

Christopher R. Griggs, Hickory, NC (US);

Hitesh Bajaj, Charlotte, NC (US);

Douglas G. Brown, Waxhaw, NC (US);

Jade M. Vo-dinh, Charlotte, NC (US);

Inventors:

Joseph A. Giordano, Waxhaw, NC (US);

Christopher R. Griggs, Hickory, NC (US);

Hitesh Bajaj, Charlotte, NC (US);

Douglas G. Brown, Waxhaw, NC (US);

Jade M. Vo-Dinh, Charlotte, NC (US);

Assignee:

Bank of America Corporation, Charlotte, NC (US);

Attorneys:
Primary Examiner:
Assistant Examiner:
Int. Cl.
CPC ...
G06Q 40/00 (2006.01);
U.S. Cl.
CPC ...
Abstract

A system and method for controlling a monetary account with one or more sub-accounts is described. A monetary account with an entity is established and an account user associated with the monetary account is identified. A sub-account with the entity is established, where the sub-account is associated with the monetary account and includes monetary funds transferred from the monetary account. At least one sub-account user associated with the sub-account is identified, where the at least one sub-account user is different from the account user. One or more controls, placed by the account user, are established on at least one of the sub-account and the at least one sub-account user. The at least one sub-account user is restricted from accessing monetary funds in the monetary account and the account user is permitted to access the sub-account.


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