Difference between revisions of "T'jelle bank"

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(update)
 
(making update due to the decision made in the Bar on July 2014 regarding organizations that don't exist anymore)
 
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{{Historical Organization}}{{-}}
 
{{Organization|
 
{{Organization|
 
  name= t'jelle Bank |
 
  name= t'jelle Bank |
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  services= Banking|
 
  services= Banking|
 
  colours= |
 
  colours= |
}}
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}}{{TOCright}}
 
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'''t'jelle Bank''' was created in January of 2009, by [[AidenAstrup]]. The initial purpose was to provide as a holding for all of [[t'jelle]]'s assets and foreign currency and to provide an organizational tool to the high amount of loan requests coming in. In April of 2009 in a discussion between AidenAstrup and Sebastian Locke (Financial Director) it was decided that the bank should expand into offering other banking services such as deposits and investment opportunities.
All organization's assets have been transferred to its owner ''Anaros''.
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'''t'jelle Bank''' was created in January of 2009, by [[AidenAstrup]]. The initial purpose was to provide as a holding for all of [[t'jelle]]'s assets and foreign currency and to provide an organizational tool to the high amount of loan requests coming in. In April of 2009 in a discussion between [[AidenAstrup]] and Sebastian Locke (Financial Director) it was decided that the bank should expand into offering other banking services such as deposits and investment opportunities.
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==Employees==
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AidenAstrup - CEO
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SebastianLocke - CFO
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Anaros - COO
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Ike Falcon - Bank Loans Supervisor
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Serendipitous - International Communications Representative
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Batterytime - Bank Assets Director
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Rekeri - Bank Operations Supervisor
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+
  
 +
==Staff==
 +
*[[AidenAstrup]] - CEO
 +
*SebastianLocke - CFO
 +
*Anaros - COO
 +
*Ike Falcon - Bank Loans Supervisor
 +
*Serendipitous - International Communications Representative
 +
*[[Batterytime]] - Bank Assets Director
 +
*Rekeri - Bank Operations Supervisor
  
 
==Deposit Accounts==
 
==Deposit Accounts==
 
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Since April of 2009 ''t'jelle Bank'' had offered low risk deposit accounts to all members of the eRepublik community. With the implementation of a website using the eRepublik API, registration was nearly instant and users could began depositing as soon as they completed the registration process.
Since April of 2009 ''t'jelle Bank'' has offered low risk deposit accounts to all members of the eRepublik community. With the implementation of a website using the eRepublik API, registration is nearly instant and users can begin depositing as soon as they complete the registration process.
+
  
 
==Loans==
 
==Loans==
Interest rates for loans are determined by a few factors:
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Interest rates for loans were determined by few factors:
 
*Citizen Age
 
*Citizen Age
 
*Investment
 
*Investment
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*History with t'jelle
 
*History with t'jelle
  
Using these factors we are able to decide on a fair interest rate that assists both you and t'jelle. The average loan amount is 20 Gold, the average loan length one month and the average interest rate is 13%.  
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Using these factors bank was able to decide on a fair interest rate that assisted both the user and the t'jelle. The average loan amount was {{Gold|20}}, the average loan length was one month and the average interest rate was 13%.  
  
 
==Bank Rules==
 
==Bank Rules==
The rules of t'jelle Bank state how the bank operates, what your rights are and what our rights are. Please view them carefully.
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The rules of t'jelle Bank stated how the bank operated, what were the user rights and what were the bank rights. Users were suggested that they view them carefully.
  
*To deposit money, simply donate from the account owner or sub-owner to t'jelle: Bank
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*To deposit money, user was supposed to donate from the account owner or sub-owner to t'jelle: Bank
 
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*To withdraw user sent PM to t'jelle Bank with the withdraw amount. Within 16 hours the money was sent (provided user didn't requested more than his/her account allowed to withdraw)
*To withdraw simple PM t'jelle Bank with the withdraw amount. Within 16 hours your money will be sent (provided you don't request more than your account allows you to withdraw)
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*To withdraw from the Asset Storage user sent the PM to t'jelle Bank requesting the item(s)
 
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* Any user could request the money be withdrawn and wired to any organization, citizen or country treasury directly. A message was sent to the receiver that it was from that user account. User would also received a confirmation message when the money was sent.
*To withdraw from the Asset Storage simple PM t'jelle Bank requesting your item(s)
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* There were no creation fees for upgrading. All deposits were carried over to the new account.
 
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* Gained interest was added to user account at the first of every other month
* Any account can request that money be withdrawn and wired to any organization, citizen or country treasury directly. A message will be sent to the receiver that it was from your account. You will also receive a confirmation message when the money is sent.
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* PINs had to be a four digit number
 
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* t'jelle Bank did not reveal:
* There are no creation fees for upgrading. All deposits are carried over to the new account.
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# Account History
 
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*Gained interest is added to your account at the first of every other month
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* PINs must be a four digit number
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* t'jelle Bank does not reveal:
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# Your account History
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# Current Holdings
 
# Current Holdings
 
# Assets in stock
 
# Assets in stock
 
# Past financial advice
 
# Past financial advice
 
to anyone including governments and admin
 
to anyone including governments and admin
 
 
*t'jelle Bank can not charge any fees except those visibly listed
 
*t'jelle Bank can not charge any fees except those visibly listed
 
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* If there was no account activity for one month, the account owner was messaged. If no response was received within 48 hours, the account was deemed inactive and no interest was accumulated. After two weeks of no activity the account would be deleted.
* If there is no account activity for one month, the account owner will be messaged. If no response is received within 48 hours, the account will be deemed inactive and no interest will be accumulated. After two weeks of no activity the account will be deleted.
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*t'jelle Bank reserved the right to freeze user account without warning if it user planned to cause t'jelle Bank, t'jelle, its companies or any of its subsidiaries harm.
 
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* Any account holder could request their account summary at any time
*t'jelle Bank reserves the right to freeze your account without warning if you plan to cause t'jelle Bank, t'jelle, its companies or any of its subsidiaries harm.
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*User restrictions and perks may change depending on his/her credit rating
 
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*Foreign currency gained .25% interest Bi-Monthly when allowed in user account
* Any account holder can request their account summary at any time
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*t'jelle Bank reserved the right to refuse any deposit on the basis of:
 
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*Your restrictions and perks may change depending on your credit rating
+
 
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*Foreign currency gains .25% interest Bi-Monthly when allowed in your account
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*t'jelle Bank reserves the right to refuse any deposit on the basis of:
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# Currency type
 
# Currency type
 
# Account standing
 
# Account standing
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t'jelle Bank saw enormous growth during these months, quickly becoming the largest bank in eRepublik with over 5,000 Gold in deposits and nearly 300 depositors. t'jelle Bank also began dealing with government deals and was able to secure numerous financial deals with the US government. During a large "bank ban" by the admin that included numerous other banks, t'jelle was able to show its ability to remain secure even after losing an entire vault by spreading risk throughout numerous orgs and assets.
 
t'jelle Bank saw enormous growth during these months, quickly becoming the largest bank in eRepublik with over 5,000 Gold in deposits and nearly 300 depositors. t'jelle Bank also began dealing with government deals and was able to secure numerous financial deals with the US government. During a large "bank ban" by the admin that included numerous other banks, t'jelle was able to show its ability to remain secure even after losing an entire vault by spreading risk throughout numerous orgs and assets.
  
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==End==
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All organization's assets have been transferred to its owner '''Anaros'''.
 
[[Category:Banks]]
 
[[Category:Banks]]

Latest revision as of 10:19, 1 January 2015


ERepublik history logo.gif

This page has been saved as historical information.

Organization accounts as private accounts owned by Citizens doesn't exist any more, but the article was left to see how did organizations look like.


t'jelle Bank
Logo of t'jelle Bank
General
Owner AidenAstrup
Country Flag-USA.png USA
Headquarters New York
Subsidiaries ERX
Founded 01/09
Founder AidenAstrup
Founders Sebastian Locke
Demographics
Services Banking
Website http://etjelle.info


t'jelle Bank was created in January of 2009, by AidenAstrup. The initial purpose was to provide as a holding for all of t'jelle's assets and foreign currency and to provide an organizational tool to the high amount of loan requests coming in. In April of 2009 in a discussion between AidenAstrup and Sebastian Locke (Financial Director) it was decided that the bank should expand into offering other banking services such as deposits and investment opportunities.

Staff

  • AidenAstrup - CEO
  • SebastianLocke - CFO
  • Anaros - COO
  • Ike Falcon - Bank Loans Supervisor
  • Serendipitous - International Communications Representative
  • Batterytime - Bank Assets Director
  • Rekeri - Bank Operations Supervisor

Deposit Accounts

Since April of 2009 t'jelle Bank had offered low risk deposit accounts to all members of the eRepublik community. With the implementation of a website using the eRepublik API, registration was nearly instant and users could began depositing as soon as they completed the registration process.

Loans

Interest rates for loans were determined by few factors:

  • Citizen Age
  • Investment
  • Loan Size
  • Loan Length
  • History with t'jelle

Using these factors bank was able to decide on a fair interest rate that assisted both the user and the t'jelle. The average loan amount was Icon - Gold.gif 20 GOLD, the average loan length was one month and the average interest rate was 13%.

Bank Rules

The rules of t'jelle Bank stated how the bank operated, what were the user rights and what were the bank rights. Users were suggested that they view them carefully.

  • To deposit money, user was supposed to donate from the account owner or sub-owner to t'jelle: Bank
  • To withdraw user sent PM to t'jelle Bank with the withdraw amount. Within 16 hours the money was sent (provided user didn't requested more than his/her account allowed to withdraw)
  • To withdraw from the Asset Storage user sent the PM to t'jelle Bank requesting the item(s)
  • Any user could request the money be withdrawn and wired to any organization, citizen or country treasury directly. A message was sent to the receiver that it was from that user account. User would also received a confirmation message when the money was sent.
  • There were no creation fees for upgrading. All deposits were carried over to the new account.
  • Gained interest was added to user account at the first of every other month
  • PINs had to be a four digit number
  • t'jelle Bank did not reveal:
  1. Account History
  2. Current Holdings
  3. Assets in stock
  4. Past financial advice

to anyone including governments and admin

  • t'jelle Bank can not charge any fees except those visibly listed
  • If there was no account activity for one month, the account owner was messaged. If no response was received within 48 hours, the account was deemed inactive and no interest was accumulated. After two weeks of no activity the account would be deleted.
  • t'jelle Bank reserved the right to freeze user account without warning if it user planned to cause t'jelle Bank, t'jelle, its companies or any of its subsidiaries harm.
  • Any account holder could request their account summary at any time
  • User restrictions and perks may change depending on his/her credit rating
  • Foreign currency gained .25% interest Bi-Monthly when allowed in user account
  • t'jelle Bank reserved the right to refuse any deposit on the basis of:
  1. Currency type
  2. Account standing
  3. Bank standing

History

Very little information was recorded during the first few months of t'jelle Banks creation. During the beginning however, the main banks in eRepublik were [t'jelle Bank]] and The Authority Bank of Commerce (ABC). Both attempted to gain as many depositors and borrowers as possible. At the time t'jelle Bank offered 5.5% bi-monthly compared to ABC's 3.25% monthly. By the second month however, t'jelle Bank increased the interest to 5% monthly. t'jelle Bank approached ABC with the proposal of starting the International Credit Ranking Standard which would assist in assessing the risk of loans. ABC approved and the ICRS was created.

WWIII / August 2009

With the onset of World War III, t'jelle Bank was forced to expand its sights outside of the US. Several marketing campaigns were released and soon, t'jelle Bank had over 100 depositors and over 1,000 Gold in deposits. Loan requests were filling the bank's inbox and interest rates skyrocketed to 10% monthly. During this time, several new banks opened in the game, started by fairly new citizens with very little capital.

August 2009 - January 2010

t'jelle Bank saw enormous growth during these months, quickly becoming the largest bank in eRepublik with over 5,000 Gold in deposits and nearly 300 depositors. t'jelle Bank also began dealing with government deals and was able to secure numerous financial deals with the US government. During a large "bank ban" by the admin that included numerous other banks, t'jelle was able to show its ability to remain secure even after losing an entire vault by spreading risk throughout numerous orgs and assets.

End

All organization's assets have been transferred to its owner Anaros.