First bank of syther

LOOK! all im asking is for you to read this post, dont spam it its very clear dont post at all if you havent read the entire post!

Well sort of! Jagex has their own bank, but it doesn't work as it should!
STATUS IS OPEN

Let me introduce you to the staff before i get into details:

NAME Details
a
Alexander Profile: http://www.fagex.net/member.php?u=11932
MSN: [email protected]
Job: Customer service/acc protection and investment
Sex Profile: http://www.fagex.net/member.php?u=8958
MSN1: [email protected]
MSN2: [email protected]
Job: Background checks/business management/acc protection
Bamacd16 Profile:
MSN: [email protected]
AIM: Bamacd16
Yahoo: [email protected]
Job: Manager/Creator/Owner
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Please take your time and look us over. Check everything! Our itraders, posts, threads, and ask around. Ask us questions do whatever you need to do to prove to yourself we can be trusted.

Now let me begin with a simple intro to banking?

Banking 101:

You go to Bank of America and open an account. Now you deposit five dollars. You go home and wait one year before returning and you now have five dollars and 50 cents. But how? Well simple! When you give your money to the bank its like a reverse loan. You give the bank permission to use your money to invest in stocks/land and give out loans. The bank makes profit from your dollar so they in turn give you an interest. This is known as the simple interest. In this case 50 cents.

But what else can banks do? Well first off banks give out loans. Loans are personal agreements between you and the bank that allows the bank to lend you money and in turn charge you interest. Unfortunately not everyone is able to make payments in due time so the bank repossess some of the clients items.

So now you understand the simple form of banking, why don't I talk about what we are trying to do here.

Runescape banking:

Well according to the banking system i presented to you, runescape banking is very flawed. My goal is to improve it by implementing my own system. I am now offering a simplistic, yet more profitable way of banking.

What we offer:

1*We save your runescape gp and pay you simple interest in return
2*We help you invest your money by doing it for you and giving you 75% profit for 0% effort
3*We hold long term MM amounts ( if you buy a real life item and need to mm money we will pay you to bank that money with us - both parties receive an equal amount, or MM used receives entire amount of profit)
4*We lend out runescape gp in turn for collateral ( explained later)
5*We run your business for a percentage of the profit
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How is my money kept safe?

Glad I asked! Well your money is kept safe in what i like to call the lock and key method. Your money will be divided into three separate amounts and then put into three separate accounts. We will each have partial info on the account, I.E. we will all know the recoveries for one account, but wont know them for the other two. So say the accounts were aaa bbb and ccc. I would know the password for all three, but would only know the recoveries for one of them. Alex would know the recoveries for one and know the password for all of them. We will all have the bank pin to one of them. And in a seperate account we will have access to all info. This account will be used for loan payments and investments. So you see the plans near air tight, no one can completely gain control over your money, or for that matter change the passwords to an account. Passwords will be changed weekly and pins will be changed often too. Recoveries will be changed once a month.

So what if Runescape bans your accounts?

Well this isn't really real life trading this is pretty much within their own rules. But lets say I'm wrong on that. I have already told you i have 4 main banking accounts, but i also have a 5th account that will only have my money in it. This is an insurance account and will have the exact amount of gold in the bank as insurance. It will also hold only our money and none of yours so don't worry.

Sounds good, now explain this collateral thing to me...

Well collateral is simple, in order to take out a lone you must first fill out a form, then trade me a collateral item that is one half the cost of the loan. So say you want a loan of 400k you could trade me a set of blue mystic robes that i will hold until you pay me back the 600k and interest.

So what if I cant give you the collateral item?

Accounts are also accepted as well as other negotiable but virtual items such as e-gold and Paypal.

So I know i can trust you now, and I think i get the collateral...But whats the requirements?

Well you need to do the following:

1. You must open an account which costs 2.5k
2. You must deposit 4gp minimum to activate your account
3. You must deposit and bank 50k for 1 week in order to take out a loan.
4. You must be a VIP to take out a loan (this is negotiable but no minnows or guppys)
5. You must agree to the terms and sign a form (receive over msn)
6. You must go first or use MM
7. You pay MM fees or the money can be added to your loan
8. You must itrade all three of us once per banking

And your prices?

~A loan is 10% per week. so if you take out a loan at 100gp, you owe us 110gp the next week, 120gp after that and so on.
~Running your business is a 15% cost of all profits made. WE GUARANTEE A NO LOSS BUSINESS
~Open an investment account for 10k, and we will invest your money for 1/4 of the total profits
~Invest in our bank, and open a savings account (2.5k) and get 15% interest a week, credited to your account each Friday. This is a lot of money. Think of investing 1m in 1 week, you make 150k with 0 effort.
~MM holding is profits split like so: 25% to us, 25% to buyer, 50% to seller. ( Technically the money is his )


TERMS: You agree to abide by the rules and regulations presented in the above post, to not scam, and to present us will an itrader each upon each
order!

NOW OPEN

 

This is stupid...who the hell is going to give you their own money to hold onto?

 

this isnt the worst idea many people need loans im actually most likely going to do it

 

^ Its a leecher though, not saying its bad, but watch out, i wouldnt do this, i mean i dont get why he'd pay you more money, he doesnt really make money holding money does he..?

 

I think this is rather idiotic, and i think its a big scam.

 

Nope its up and running on fagex... and to the person above the scam please read this

Banking 101:

You go to Bank of America and open an account. Now you deposit five dollars. You go home and wait one year before returning and you now have five dollars and 50 cents. But how? Well simple! When you give your money to the bank its like a reverse loan. You give the bank permission to use your money to invest in stocks/land and give out loans. The bank makes profit from your dollar so they in turn give you an interest. This is known as the simple interest. In this case 50 cents.

But what else can banks do? Well first off banks give out loans. Loans are personal agreements between you and the bank that allows the bank to lend you money and in turn charge you interest. Unfortunately not everyone is able to make payments in due time so the bank repossess some of the clients items.

So now you understand the simple form of banking, why don't I talk about what we are trying to do here


and reported the post above me dont fuck with chuck guys

 

Oh it's obvious. He pays you interest because he's using your money to invest in the Runescape stock market...

 

guys stop maken jokes hes just trying to provide a service he gave me a 500k loan about 3 minutes ago

stop picken fun and spamming its against the rules and he is a good person to go to if u need cash or if u have some extra cash u wish to make money on hes great

 

yeah really i donit think its a scam because think about it....he would use it to merch or any way he could to make money...and give out loans..whixh he also makes money from...so in a way we r helping him...not him helping us...

Great idea bamacd16

 

ummmm im still not sure but i might try

 

err i wouldnt... i dont trust ppl and not saying ur goona like scam me indefinitly... but ur a leecher... whos goona trust?