OptiBank uses proprietary technology, developed by Interest Capturing Systems, LLC, called the Monetary Rights Transfer System (MRTS) (patents pending). The MRTS allows users to transfer various rights associated with their money in order to optimize yield while, at the same time, maintaining the remaining subset of monetary rights in their "home" bank account for instantaneous access and use.
When a user makes a payment or withdrawal using the funds in the "home" bank account, the MRTS automatically cancels a commensurate amount of transferred monetary rights, always assuring that the OptiBank user's funds are available.
OptiBank monetary rights transfers are fully collateralized and non-leveraged. Furthermore, our system will automatically break transfers down into amounts of less than $250,000.00 per FDIC-insured institution, assuring that full FDIC deposit insurance coverage is provided on the full transfer amount.
Users can can make manual monetary rights transfers at any time, or they can pre-specify various criteria, and the system will make transfers automatically based on the users' preferences.
Our goal at OptiBank is to make banks compete for your money by offering you the highest yields with full deposit insurance.
