Abstract: Disclosed are systems, methods and computer program products for managing deposit accounts. A computer-based account management system allocates depositor funds among a plurality of FDIC-insured deposit accounts held in a plurality of deposit institutions, such as savings banks. The deposit accounts are preferably non-interest-bearing transaction accounts typically used for payroll and other operating expenses. The account management system establishes a deposit limit for each deposit institution to ensure that an individual's deposits at any deposit institution remains below the FDIC insurance limit. The system also stabilizes the deposit base by facilitating movement of funds to and from participating deposit institutions. The system automatically reconciles all balances and account activity on a daily basis and performs an automated daily allocation process to allocate deposits among the participating deposit institutions.