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Saturn Moon
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Posted - 2011.04.27 21:45:00 -
[1]
***********NEWS FLASH*************** ****NEW EDEN SAVINGS OPEN FOR BUSINESS****
We are proud to announce the opening of New Eden Savings an Eve Bank.
What makes New Eden Savings different than other banks in Eve. New Eden Savings is run by real life Bankers. My two partners and I are all Bankers in real life working for the one of the largest banks in North America. After looking at several banks in the eve universe we realized that a legitimate bank could be run if done properly. After months of preparation we have come up with a model that mimics banking throughout the world.
Banks make money by taking the money deposited and investing it either through lending it out to other individuals or by investing the money in the various markets throughout the world. Since Eve does not offer any type of stable investing options via stocks and bonds we will be doing this through commodities trading. i.e. the market. We will buy and sell items with a portion of the investments thus generating profits. These profits are what will pay out the interest to the pilots. We will of course keep the excess profits above the interest payments as a hedge against future months and as salary to us and expenses. This is the only way a legitimate bank work.
We are offering several interest bearing accounts that should cover all types of players and corporations in the game. As well as several lending options.
The first is our basic interest bearing checking account. It offers a 1% monthly interest rate, and unlimited transactions with no minimum withdrawal amount.
The second is our Pod Savers Account which offers a 3% monthly interest rate and up to 5 free withdrawals per month. After the 5 withdrawals you will pay a 10% charge of the withdrawal amount for the 6th through 10th withdrawal and a 20% charge for any withdrawals after the 10th.
We are also offering array of CDÆs.
2 month CD at 3.5% per month 3 Month CD at 4.5% per month 6 Month CD at 6% per month 1 Year CD at 10% per monthCDÆs have a minimum deposit 25,000,000 isk. They will rollover automatically at the end of the term you will have 10 days to notify us at maturity if you choose to withdraw or add to it. In the event of early withdrawal you will forfeit all interest on the account and be assessed a 20% penalty of the principal balance.
Loans:
All Loans will be collateralized with an 80% Loan to Value (LTV) of the item collateralized. Terms will be negotiated at that time based on the amount, length of the loan and the collateral given. The base price of the item will be assessed by the average price of the item per Eve Market Central. All Collateral items must be contracted at the station of our choosing and the collateral and loan will be done through contracts via in game. Upon final payment of the loan the item will be contracted back to the owner. All Ships must have the full name of the owner on the ship. There will be a 10% late payment penalty for each payment you are late beyond the 3 day grace period. This will be assessed at the end of the loan of loan to get your collateral back.
You will be given a 6 digit account number based on the type of account you have. All deposits and withdrawals must be done through in game contracts to New Eden Savings. Please note in the contract your account number. If you are opening a new account please state what type of account you would like to open in the contract and an account number will be emailed directly to you. All transactions have a 24 hour turn around time. All interest will be credited monthly on either the 15th or the 30th of the month. Based on what account you have. At that time you will receive a statement within 72 hours showing your transactions, interest credited and your balances via in game.
If you have any questions please email Saturn Moon, Thaddious Riker or Legion Lennelluctic or visit us as New Eden Savings Branch chat channel.
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Saturn Moon
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Posted - 2011.04.27 21:52:00 -
[2]
New Eden Savings FAQ Guide How do I open an account? Set up a contract in game to New Eden Savings. List what type of account you want an account number with your opening balance will be mailed to you in game.
Can I use a Capital Ship for collateral on a loan and what value do you use?
Yes you may use capital ships for collateral however we do not accept super capitals as collateral and they must be docked in the station of our choosing. The value of the capital ship will be negotiated with the terms based upon rigging and fittings if they have them.
Where does my money go on deposit?
It goes into the various wallets per account on the corporate wallet. A portion of the funds may be used to generate loans as well as be used on the market.
How can I access my Money?
You may access your funds by sending a contract via game requesting the amount. Please state what account number you want the funds drawn on.
If I take out a loan using my ship as collateral and can not pay you back on time what happens?
After your 3 day grace period you will be assessed a 10% penalty on the remaining balance owed. At the end of the loan you will get your ship back via contract with any late payment fees owed due at that time. If you miss 3 payments after the third payment your loan will be in default and your ship will be sold to recoup the loss.
I submitted a contract for withdrawal 6 hours ago and have not received the funds?
Please allow up to 24 hours to receive the funds.
How does New Eden Savings make money on this? WhatÆs in it for you?
We make money buy using your funds to loan out and to invest in items in the market, buy buying low and selling high. We can do this easily as we do not need to make much more than the returns we are offering. We make money on the spread of what is earned to what is paid out in interest. For example if we have 2 billion isk in savings earning 3% and buy and sell minerals making 5% profit only we keep the remaining 2%. A portion of that goes to Corporate general wallet to protect us as a hedge against any low profit months and the rest is paid out to us as salary.
What makes this different than any other bank in Eve?
Banks in Eve are based on a pyramid scheme, similar to Bernie Madoff the interest received is based solely on paper and not actually real. The banks rely upon more people depositing in the bank to pay out those that need to withdraw. New Eden Savings is basing its interest payments on actually earned isk similar to a real life bank. Therefore the gains are real and the funds are available. Also we are making isk off of your deposits through the investment spread so we donÆt need to take your isk.
What experience do you have in banking?
As I stated we are all bankers in real life and have over 25 years of banking experience between us, from investment banking to retail banking and lending.
If you do this for a living why do you want to do it in Eve?
The idea was started one day over lunch as to how we could make a bank work in Eve. After several discussions it was decided that it could be done and the structure was developed. Many of us wish we could make our skills in Eve work for us in real life we just decided to make our real life skills work for us in Eve.
If I have a question or want more information that can I talk to?
You can contact Saturn Moon, Thaddious Riker or Legion Lennelluctic.
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Sylva d
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Posted - 2011.04.27 21:56:00 -
[3]
Originally by: Saturn Moon New Eden Savings FAQ Guide
What experience do you have in banking?
As I stated we are all bankers in real life and have over 25 years of banking experience between us, from investment banking to retail banking and lending.
You can contact Saturn Moon, Thaddious Riker or Legion Lennelluctic.
First!
also lol... i dislike real bankers more than eve ones...
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Brock Nelson
Caldari T2 Technologies Unlimited SRS.
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Posted - 2011.04.27 22:12:00 -
[4]
Audit or this won't launch
Investor Relation | BPC Store | BSAC SE Listing |
Breaker77
Gallente Reclamation Industries
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Posted - 2011.04.27 22:17:00 -
[5]
Originally by: Brock Nelson Audit or this won't launch
I'm waiting for the ISD to run a story on it like they did with the last idiot who vanished right after the story ran.
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Graic Valente
Gallente Valente Galactic Enterprises
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Posted - 2011.04.27 22:20:00 -
[6]
Originally by: Brock Nelson Audit or this won't launch
To prove exactly what?
They are real life bankers?
All an audit would confirm is characters, ability to create a lot of contracts, some trade skills and maybe some start up capital.
Maybe an ongoing performance audit, but probably be easier to edge in as a loan provider who eventually takes savings IMHO.
Anyways good luck with your projects guys.
Interesting note on contracts. Although there is a limit to the number of contracts you can create, there is no limit to the amount of contracts you can have assigned to you. So from a transaction perspective using the contract system is somewhat feasible.
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Taladool
Minmatar JIta-Hosting
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Posted - 2011.04.27 22:25:00 -
[7]
It would be better if you weren't a completely unknown person in eve. It would be a lot better if your "Friends" weren't new pilots with no names or records, or public activity between the lot of you, the question I am asking is why should we trust you, when your no one, and haven't even bothered to get your name out there yet? TS3 and TS2 servers for rent, order here |
Brock Nelson
Caldari T2 Technologies Unlimited SRS.
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Posted - 2011.04.27 22:27:00 -
[8]
Originally by: Breaker77
Originally by: Brock Nelson Audit or this won't launch
I'm waiting for the ISD to run a story on it like they did with the last idiot who vanished right after the story ran.
Including Chribba's misquote?
Investor Relation | BPC Store | BSAC SE Listing |
Eladaris
Amarr Excessum Industries
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Posted - 2011.04.27 22:57:00 -
[9]
Cross-posting my post like a villian... 'cuz the OP cross-posted his.
Originally by: Taladool Also both of your "friends" are fairly new to the game, at lest the pilots are, I am not sure I would trust them or you for that matter as you have no public activity of any kind aside from gtc sales.
One of his "friends" couldn't even be hassled to JOIN the scam corp... what does that say about the months of prep?
Pro-tip? Next time start it with four friends so at least it 'looks' like you fooled some other person into joining your scam, rather than just using a single random account.
Originally by: Saturn Moon
Banks in Eve are based on a pyramid scheme, similar to Bernie Madoff the interest received is based solely on paper and not actually real. The banks rely upon more people depositing in the bank to pay out those that need to withdraw.
//EDIT: I actually thought about this for a second. How the *^ can you be a real banker and not know the difference between a Ponzi scheme and a Pyramid scheme? At least pretend to know what you're talking about. FAIL...
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Syds Sinclair
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Posted - 2011.04.27 23:18:00 -
[10]
..This is like the MD version of a SNL skit right?
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Saturn Moon
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Posted - 2011.04.27 23:20:00 -
[11]
Edited by: Saturn Moon on 27/04/2011 23:20:46
Originally by: Eladaris Cross-posting my post like a villian... 'cuz the OP cross-posted his.
Pro-tip? Next time start it with four friends so at least it 'looks' like you fooled some other person into joining your scam, rather than just using a single random account.
Originally by: Saturn Moon
Banks in Eve are based on a pyramid scheme, similar to Bernie Madoff the interest received is based solely on paper and not actually real. The banks rely upon more people depositing in the bank to pay out those that need to withdraw.
//EDIT: I actually thought about this for a second. How the *^ can you be a real banker and not know the difference between a Ponzi scheme and a Pyramid scheme? At least pretend to know what you're talking about. FAIL...
LOL Yes it is a ponzi scheme but when I mentioned ponzi scheme to several people they thought it had to do with happy days which would be a Fonzi scheme. But they understood the idea behind a pyramid scheme.
As for the 3 members we really are three different people although I am sure you wont believe it anyway.
No we are not very well known throughout the eve community but in time I would hope we will be.
Also I crossed posted for exposure untill ccp took one out.
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Breaker77
Gallente Reclamation Industries
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Posted - 2011.04.27 23:25:00 -
[12]
Originally by: Brock Nelson
Including Chribba's misquote?
That was quite an epic fail on the ISDs part.
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Rakessh
Bat Country Goonswarm Federation
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Posted - 2011.04.27 23:28:00 -
[13]
You wouldn't happen to work for Banco Zarossi? :P
CEO Arachnea Phoenix Battalion |
The Offerer
Minmatar
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Posted - 2011.04.27 23:32:00 -
[14]
So, let me get this straight. You want people to give you ISK so you can trade and pay them 1% interest over a whole month? Without 3rd party or collateral?
What can I say other than good luck
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Merouk Baas
Gallente
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Posted - 2011.04.27 23:36:00 -
[15]
Originally by: Saturn Moon Banks make money by taking the money deposited and investing it either through lending it out to other individuals or by investing the money in the various markets throughout the world.
No ****, really?
Nuclear power plants make electricity by using the heat made by radioactive processes to turn water into high-pressure steam which then drives a turbine that produces electricity. Automobile engines burn gasoline (in a series of controlled explosions) inside the engine to generate motive power. The light bulb works by passing electricity through a thin metallic wire suspended in vacuum, heating it until it's white-hot.
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Antihrist Pripravnik
4S Corporation Morsus Mihi
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Posted - 2011.04.27 23:43:00 -
[16]
Real banks also have the obligation to deposit a large amount of cash to the National Bank (a trusted third party). The state itself covers some part of client's deposits, so if a bank goes bankrupt, clients don't lose all their money.
Where exactly are your guarantees and who's your third party?
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Brock Nelson
Caldari T2 Technologies Unlimited SRS.
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Posted - 2011.04.27 23:52:00 -
[17]
Ok, I think Saturn is missing the point of questions/troll above me so, here's a good one:
What makes your bank special/different/secure from the previous 5 banks which have failed/scammed?
You're an unknown, only been in this game for less than 2 years while your 2 other buddies have just started playing last month. Do any of you have any idea of how to make isk? What happens if everyone deposit 50b into your bank but nobody takes a loan out to pay for the interest of those deposit? Why would we want to give you isk? Why should we trust you?
Investor Relation | BPC Store | BSAC SE Listing |
Krythas
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Posted - 2011.04.27 23:53:00 -
[18]
Hasn't this idea already been tried before ?
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Thaddious Riker
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Posted - 2011.04.27 23:58:00 -
[19]
As I posted in the other version of this thread:
Posted - 2011.04.27 23:39:00 - [16] - Edit - Quote Reportá We understand the skeptics out there - we understand what has happened to the eve community in the past. But we are trying to put into practice our real life experience into the game. I have been in eve myself for 3 years. Now I'm sure the question will come about, "why isn't your main in the Corp?". Simply put I see it as work and don't want to be contact on my main, I think this is a reasonable desire.
With no account minimums, open a small account if you feel untrusting of the situation and we will prove to you that we are legit and are here to serve the eve community.
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Taladool
Minmatar JIta-Hosting
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Posted - 2011.04.28 00:03:00 -
[20]
Edited by: Taladool on 28/04/2011 00:04:28
Originally by: Thaddious Riker As I posted in the other version of this thread:
Posted - 2011.04.27 23:39:00 - [16] - Edit - Quote Reportá We understand the skeptics out there - we understand what has happened to the eve community in the past. But we are trying to put into practice our real life experience into the game. I have been in eve myself for 3 years. Now I'm sure the question will come about, "why isn't your main in the Corp?". Simply put I see it as work and don't want to be contact on my main, I think this is a reasonable desire.
With no account minimums, open a small account if you feel untrusting of the situation and we will prove to you that we are legit and are here to serve the eve community.
Will you be contacting a third party to act as the FDIC of your bank? will there be any security for the clients what so ever or just your word?
Use a trusted third party, have them hold and equal amount or more isk then your taking on from clients in the event that your bank folds, or its a scam the clients money will be protected and returned to them. TS3 and TS2 servers for rent, order here |
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Brock Nelson
Caldari T2 Technologies Unlimited SRS.
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Posted - 2011.04.28 00:28:00 -
[21]
Originally by: Thaddious Riker Now I'm sure the question will come about, "why isn't your main in the Corp?". Simply put I see it as work and don't want to be contact on my main, I think this is a reasonable desire.
With no account minimums, open a small account if you feel untrusting of the situation and we will prove to you that we are legit and are here to serve the eve community.
You haven't even answered any of my question. As someone who is suppose to be running this thing, you should be more than capable to answer my question. You haven't even tried to reduce the fear of this being another scam by posting the standard "oh my main is in another corp and I don't really want him to be involved"
You expect people to trust you to give you their isk? Then you need to start being more open, otherwise, this isn't going anywhere.
Investor Relation | BPC Store | BSAC SE Listing |
Catherine Airuta
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Posted - 2011.04.28 00:56:00 -
[22]
Every bank in EVE has failed due to turning out to be a huge scam.
How can we be sure yours is no different?
You have to overcome the long history of EVE bank scams by proving beyond all reasonable doubt that you are not going to run off with the money, just like every other person who has run a bank in EVE.
For people to take your venture seriously, you seriously need to go the extra mile to prove that it is a safe investment, otherwise we can be confidently sure that it is just yet another EVE scam.
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egola
Amarr
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Posted - 2011.04.28 01:02:00 -
[23]
a bank, i loled
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Thaddious Riker
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Posted - 2011.04.28 01:07:00 -
[24]
Originally by: Brock Nelson
Originally by: Thaddious Riker Now I'm sure the question will come about, "why isn't your main in the Corp?". Simply put I see it as work and don't want to be contact on my main, I think this is a reasonable desire.
With no account minimums, open a small account if you feel untrusting of the situation and we will prove to you that we are legit and are here to serve the eve community.
You haven't even answered any of my question. As someone who is suppose to be running this thing, you should be more than capable to answer my question. You haven't even tried to reduce the fear of this being another scam by posting the standard "oh my main is in another corp and I don't really want him to be involved"
You expect people to trust you to give you their isk? Then you need to start being more open, otherwise, this isn't going anywhere.
Let me be clear, I expect nothing for anyone. I don't expect people to trust an Eve Bank right off the bat, considering the failures in the past, nor do I expect to reduce your fears. But lets be straight with eachother - there is NOTHING I can say to get you to trust us. The best I can do is do, and that if fulfilling our promise to run an honest operation. There is no amount of posts I can write that is going to convince you that this is not a scam. Am I right?
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Taladool
Minmatar JIta-Hosting
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Posted - 2011.04.28 01:10:00 -
[25]
Originally by: Thaddious Riker
Originally by: Brock Nelson
Originally by: Thaddious Riker Now I'm sure the question will come about, "why isn't your main in the Corp?". Simply put I see it as work and don't want to be contact on my main, I think this is a reasonable desire.
With no account minimums, open a small account if you feel untrusting of the situation and we will prove to you that we are legit and are here to serve the eve community.
You haven't even answered any of my question. As someone who is suppose to be running this thing, you should be more than capable to answer my question. You haven't even tried to reduce the fear of this being another scam by posting the standard "oh my main is in another corp and I don't really want him to be involved"
You expect people to trust you to give you their isk? Then you need to start being more open, otherwise, this isn't going anywhere.
Let me be clear, I expect nothing for anyone. I don't expect people to trust an Eve Bank right off the bat, considering the failures in the past, nor do I expect to reduce your fears. But lets be straight with eachother - there is NOTHING I can say to get you to trust us. The best I can do is do, and that if fulfilling our promise to run an honest operation. There is no amount of posts I can write that is going to convince you that this is not a scam. Am I right?
This is true, but you could still insure your operation by using a trusted third party to hold isk or items of equal or greater value then the isk you are holding for clients. If only to start out with till you gain trust. See, posting will not help your rep, but doing something about it might. TS3 and TS2 servers for rent, order here |
Eladaris
Amarr Excessum Industries
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Posted - 2011.04.28 01:12:00 -
[26]
Originally by: Thaddious Riker
Let me be clear, I expect nothing for anyone. I don't expect people to trust an Eve Bank right off the bat, considering the failures in the past, nor do I expect to reduce your fears. But lets be straight with eachother - there is NOTHING I can say to get you to trust us. The best I can do is do, and that if fulfilling our promise to run an honest operation. There is no amount of posts I can write that is going to convince you that this is not a scam. Am I right?
You're a scam... There is quite a lot you could do to get people to trust you. The fact that you're unwilling to perform any of the simple steps proves that you're a scam.
And the "Give me money so I can prove I won't steal your money" line doesn't work very well... ya know?
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Amarr Citizen 155
Nordar Innovations.
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Posted - 2011.04.28 01:21:00 -
[27]
Originally by: Catherine Airuta Every bank in EVE has failed due to turning out to be a huge scam.
How can we be sure yours is no different?
You have to overcome the long history of EVE bank scams by proving beyond all reasonable doubt that you are not going to run off with the money, just like every other person who has run a bank in EVE.
For people to take your venture seriously, you seriously need to go the extra mile to prove that it is a safe investment, otherwise we can be confidently sure that it is just yet another EVE scam.
Not every bank in Eve failed due to being a "huge scam". But that isn't important because: BANKS DON'T WORK IN EVE!
It really doesn't matter if you have a third party, divulge your main, submit your api keys, give everyone your photo ID, or convince ISD to run a story on you (actually it doesnt take much to get ISD to produce a ****ty article about a bank) because:
BANKS DON'T WORK IN EVE!
I also don't think you know **** about banking and you definitely don't know **** about Eve. If you did know **** about either one you would know that:
BANKS DON'T WORK IN EVE!
/finger
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Clown Pron
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Posted - 2011.04.28 01:30:00 -
[28]
Originally by: Amarr Citizen 155 Not every bank in Eve failed due to being a "huge scam". But that isn't important because: BANKS DON'T WORK IN EVE!/finger
Name 1 that hasn't scammed...
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Tutskii
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Posted - 2011.04.28 01:30:00 -
[29]
Edited by: Tutskii on 28/04/2011 01:30:27
Hey AC,
Been meaning to ask you, do banks work in EVE?
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DontScamMeBro
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Posted - 2011.04.28 02:06:00 -
[30]
This sounds almost as good as the kind chap who doubled my money in Jita. Count me in.
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