System and method for an automated depository account pledged as security

Embodiments of a system and method for administering a deposit account are disclosed. In an embodiment, a secured party may directly access a deposit account electronically and withdraw funds that are pledged to secure an obligation under the terms of a deposit account control agreement, without prior notification of such withdrawal to the bank, and without the active human participation of bank employees. An embodiment of the method includes the secured party accessing the deposit account electronically using a joint account holder personal identification number. An alternative embodiment of the method includes the secured party accessing the deposit account electronically using the secured party's personal identification number. An embodiment of the system includes a user interface for displaying deposit account information and accepting instructions to transfer funds out of the deposit account. An embodiment of the system includes a user interface for displaying information about two or more deposit accounts.