Bank of America Corporation
DONOR-FUNDED RESTRICTED LINE OF CREDIT

Abstract:

Apparatus and methods for providing a donor-funded restricted line of credit to a customer. The restricted line of credit may be available to the customer only for credit card purchases associated with a donor-selected MCC. The method may include a bank account performing the method steps of storing funds transferred to the bank account by a donor. The method may also include tagging at least a portion of the funds with the donor-selected MCC. The method may further include a banking portal performing the method steps of displaying, to the customer, a value of the stored funds in the bank account and the portion of the funds tagged with the donor-selected MCC. The methods may additionally include not providing the customer with means to access or withdraw the funds from the bank account other than through authorized purchases with the credit card.