To provide a settlement system whereby a consumer can make a settlement in Internet shopping by an information terminal such as a personal computer if only the consumer has a savings account in a bank, and a method thereof.

The settlement system comprises a shopping mall server 1 which provides a web page for selling products, etc., a bank system server 4 which controls a consumer's savings account, a business's account, an account for settlement, and an account for a bank, and a settlement system server 3 which sends the bank system server 4 the information to credit an advance money after deducting a handling fee for the advance from the price of the product to the account for settlement from the account for a bank according to the input information of the product for which the consumer has made buying procedures through the home page provided by the shopping mall server 1, and credit the price after deducting a handling fee from the account for settlement to the business's account. The bank system server 4 debits the price of the product from the consumer's savings account after the payment is completed.