T'jelle bank
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All organization's assets have been transferred to its owner Anaros.
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.
Contents
Employees
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 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
Interest rates for loans are determined by a few factors:
- Citizen Age
- Investment
- Loan Size
- Loan Length
- 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%.
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.
- To deposit money, simply donate from the account owner or sub-owner to t'jelle: Bank
- 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)
- To withdraw from the Asset Storage simple PM t'jelle Bank requesting your item(s)
- Any account can request that money be withdrawn and wired to any organization, citizen or country treasury directly.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.
- There are no creation fees for upgrading. All deposits are carried over to the new account.
- Gained interest is added to your account at the first of every other month
- PINs must be a four digit number
- t'jelle Bank does not reveal:
- Your account History
- Current Holdings
- Assets in stock
- Past financial advice
to anyone including governments and admin
- t'jelle Bank can not charge any fees except those visibly listed
- 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.
- 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.
- Any account holder can request their account summary at any time
- Your restrictions and perks may change depending on your credit rating
- Foreign currency gains .25% interest Bi-Monthly when allowed in your account
- t'jelle Bank reserves the right to refuse any deposit on the basis of:
- Currency type
- Account standing
- 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.
