Method for limiting debit card transactions

Details Method for limiting debit card transactions Method for limiting debit card transactions

G - Physics

06

Q

G06Q 20/00 (2006.01)

Patent

CA 2638069

A method for limiting debit card transactions includes establishing a limited debit card account linked to a financial funding account. A frequency period for funding the limited debit account and a maximum holding amount for the limited debit account are established by an individual. A debit card linked to the limited debit account is issued to the individual for making withdrawals and purchases. Based on a predetermined method and time period interest is paid by the entity maintaining the limited debit account, to the individual. Also, upon expiration of the frequency period funds are transferred from the financial funding account to the limited debit account to return the limited debit account to the designated maximum holding amount.

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