Importance

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Abstract

A software-based apparatus coordinates transferring an old account at an old financial institution to a new account at a new financial institution. A personal profiles database stores a user profile entered using a graphical user interface. The user profile includes at least information identifying the user, the old and new accounts, and an entity such as an employer or utility company that performs automatic money transfers into or out of the old account. A financial institutions database transfers stored information about the old financial institution into the user profile. An entities database transfers stored information about the entity into the user profile. A scheduling processor coordinates communications with the entity, the old financial institution, and the user to switch the money transfers, close the old account, provide user reminders, and the like. A notice forms processor prepares personalized communications using information in the personal profiles database. The communications are sent via an electronic mail server, or are printed out on a printer for mailing.

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First Claim