Systems and methods for generating account forecast alerts

US11704730B1 · kind B1 · utility

Assignee

• United Services Automobile Association (USAA) · US

Inventors

• Nathan J. Rowe · San Antonio, US
• Michael Aaron McGlasson · Austin, US
• Stephen Holloway · San Antonio, US
• Lea B. Sims · San Antonio, US
• Joseph Wall · San Antonio, US
• Richard R. Rohrbough · Boerne, US

Key dates

• Filing date: Dec 2, 2021
• Grant date: Jul 18, 2023
• Expiry date: Dec 2, 2041

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/3221
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system may include a processor that may receive account information having a plurality of transactions associated with a bank account. The processor may then determine an expected burn rate of funds based on the account information, determine an expected savings balance at a first time based on the account information and the expected burn rate, generate an event in response to the expected savings balance being below a threshold, and send an alert including the event to a computing device associated with the user. The alert may indicate a status of the expected savings balance via an electronic display of the computing device.