[CHAOSiron13]

When payments are made (either to the bank, to store money and begin collecting interest, or from the bank when money is withdrawn or an interest payment is made), who is responsible for the 10% tax?

On interest payments, I will pay for the tax. It's up to you if you want to pay for tax on deposits.

[hshizzlefresh]

I think I would like to make a bank account and deposit 100k. COuld we arrange this?

If I'm reading this right I will earn 10k per month and also help you by providing you with more start-up money for giving loans. Sounds like a win-win situation for both of us.

[CHAOSiron13]

I think I would like to make a bank account and deposit 100k. COuld we arrange this?

If I'm reading this right I will earn 10k per month and also help you by providing you with more start-up money for giving loans. Sounds like a win-win situation for both of us.

Sounds good, but I have a few conditions. All interest payments will be given at the end of the month, and since the deposit is being made so close to the end of this month, there will be no payment for this month. However, payments will be made to all account holders in the last week of July and all months forward.

Also, the amount you submitted will be counted as how much money actually reaches me, so you'll have to account for tax if you wan the benefits of payments 100k and above.

[mitchie151]

You would probably do well to create savings and term deposit accounts.

You probably know what these are....

[CHAOSiron13]

You would probably do well to create savings and term deposit accounts.

You probably know what these are....

Sounds like a good idea. I wish intelli would let us edit old posts...

[meepers]

Where is the bank actually located?

[CHAOSiron13]

Where is the bank actually located?

It doesn't have a physical location right now, having an actual location is kinda redundant in a game where you can communicate and send money instantly across the globe. I might build a bank in new ebius when I'm done with the prison, though.

[The-Jack-DeCk]

So, you use classic bank interest?

If I give you 100k, then wait 5 months and have 50k, am I then able to receive 81k?

[CHAOSiron13]

So, you use classic bank interest?

If I give you 100k, then wait 5 months and have 50k, am I then able to receive 81k?

Basically, as long as it hasn't been loaned out--in which case we'll get it to you within a week or 2--you can get the full amount you deposited back at any time.

[The-Jack-DeCk]

So, you use classic bank interest?

If I give you 100k, then wait 5 months and have 50k, am I then able to receive 81k?

Basically, as long as it hasn't been loaned out--in which case we'll get it to you within a week or 2--you can get the full amount you deposited back at any time.

Sign me up for 111,111. (So you get 100,000 and I'll get 90k back one day)