Abstract: A provider institution computing system includes an account management circuit that is configured to perform operations including: associating a first expense with a first envelope of a plurality of envelopes and a second expense with a second envelope of the plurality of envelopes; generating a first payment token and a second payment token; storing the first payment token and the second payment token in the accounts database; and mapping the first payment token and the second payment token to a first account, whereby the first payment token is assigned to the first envelope and the second payment token is assigned to the second envelope. The first payment token is configured to facilitate a payment from the first account via the first envelope to the first payee and the second payment token is configured to facilitate a payment from the first account via the second envelope to the second payee.

Abstract: A financial institution computing system associated with a financial institution includes an account management circuit. The account management circuit is configured to receive, by the network interface, a customer request to establish a checking account at the financial institution, create first and second checking accounts for the customer, the first checking account having a payment card associated therewith, the second checking account not having any payment cards associated therewith, receive, by the network interface, information regarding a funding amount for the first and second payment accounts, receive, by the network interface, information regarding a first expense of the customer, and fund the second account with a first portion of the funding amount based on the information regarding the first expense.

Abstract: A financial institution computing system associated with a financial institution includes an account management circuit configured to prompt a user via a user device to capture a first image of an identification item of the user and a second image of the user using the user device in response to receiving, over a network via a network interface, an input from the user device regarding establishing a new account at the financial institution. The account management circuit is further configured to receive, over the network via the network interface, the first image and the second image, verify the identity of the user by comparing the first image with the second image, and create the new account for the user by generating an account number for the user and storing the account number in the accounts database in response to the identity of the user being verified.