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EBANK Ricdic Eve-Tech Savings n Loans	Posted - 2008.01.13 03:35:00 - [1] Ok so firstly I just want to say we all love you Shadarle. Ok now that thats outta the way. We have a thread in our EBANK Board of Director's forum talking about PHASE IV. Not necessarily that we are going too it but what roadblocks we want to pass before we get there. So I ask you, our fellow EBANK customers, supporters, naysayers, and Ufl Alts. What do you want to see in EBANK? Think beyond the (omg high interest rates!11!). When you log into your EBANK account or troll an EBANK forum thread what is it you are yearning for the most? I would love to tell you what we already have on the horizon but well the guys would kill me (no pun intended). So give your suggestions and if they aren't already in the current EBANK Board thread we will bring them up there and determine viability etc. Anyway I would like to thank all our supporters, Shadarle, and our non-affiliated affiliate Treelox for their time. And no, you cant have my stuff because my stuff is already your stuff. Ok, moving along.
Khanar Liden East Khanid Trading	Posted - 2008.01.13 03:42:00 - [2] It'd be nice if we could get subdivisions within each account ex. savings-3%-10,000,000 T2 modules fund - 5,000,000 Exotic dancers fund - 5,000,000 etc. Recruitment Thread EKT Website
Shadarle	Posted - 2008.01.13 03:43:00 - [3] omg high interest rates!11! Tanking Setups Compared Stacking Penalty / Resists Explained
EBANK Ricdic Eve-Tech Savings n Loans	Posted - 2008.01.13 03:47:00 - [4] Originally by: Khanar Liden It'd be nice if we could get subdivisions within each account ex. savings-3%-10,000,000 T2 modules fund - 5,000,000 Exotic dancers fund - 5,000,000 etc. Like this? I can't confirm nor deny if it is coming
EBANK Ricdic Eve-Tech Savings n Loans	Posted - 2008.01.13 03:48:00 - [5] Originally by: Shadarle omg high interest rates!11! See this is why everyone should <3 Shadarle
Treelox Amarr Market Jihadist Revolutionary Party	Posted - 2008.01.13 03:52:00 - [6] In Phase IV, can we keep it down one "official" EBANK thread a month? Realising that isnt going to happen, how about a goal of only one a week? Also the current situation on the EBANK forums is sort of dismal, too many web-bots have signed up, causing you EBANK folks lots of work where you have to manually approve each and every forum application. Is it possible that by having an EBANK account that automatically generates you an EBANK forum account? Other than that, the only other things I would suggest I know that you guys are already working on, so no need to reiterate them here. --
EBANK Ricdic Eve-Tech Savings n Loans	Posted - 2008.01.13 03:54:00 - [7] Good post. The forum issue is one we have been seriously discussing over the past week. We are looking to switch to vBulletin as long as it suits our needs, the guys are researching it to also look at allowing EBANK account login to match that of the forums. But yeh absolutely. The current forums are inadequate especially compared to the quality of the www.eve-bank.net site. It is one of our areas of focus pre-expansion. Thanks for the post.
Hexxx Minmatar	Posted - 2008.01.13 03:56:00 - [8] Originally by: Treelox In Phase IV, can we keep it down one "official" EBANK thread a month? Realising that isnt going to happen, how about a goal of only one a week? Also the current situation on the EBANK forums is sort of dismal, too many web-bots have signed up, causing you EBANK folks lots of work where you have to manually approve each and every forum application. Is it possible that by having an EBANK account that automatically generates you an EBANK forum account? Other than that, the only other things I would suggest I know that you guys are already working on, so no need to reiterate them here. The Forms are a very public sore point for EBANK. We have a thread called "OMGFIXTHE****FORUMS!111!" in our BoD forums. Consulting, IPO Template, and Stock/Bond definitions.
Treelox Amarr Market Jihadist Revolutionary Party	Posted - 2008.01.13 04:25:00 - [9] Originally by: Hexxx The Forms are a very public sore point for EBANK. We have a thread called "OMGFIXTHE****FORUMS!111!" in our BoD forums. :P Yeah I have been "teasing" ricdic about the forums since I joined them. Ok so its phpBB thats ok, but its the most gawd awful plain vanila version of it ever. /me runs off to tease ricdic about the banks forums some more --
Nummb Amarr	Posted - 2008.01.13 06:01:00 - [10] Incorporate a wallet export function into the EBANK framework - create ability to perform accounting functions for individuals and corportations - display number of shares owned, returns for each share, pie charts, graphs, ROI - create joint venture with Prof B. and others for a "futures/commodities" market (I want an out of game option to buy minerals, set contract deliveries, accept payments for contracts, pay contracts, buy ships, ammo, officer mods in a secure environment w/out the lag of Jita) - create templates for finance reporting that can be pulled via API key - create CD's of 3,6,9 and 12 months which pay 4.5,5.5,6.5 and 7.5% respectfully - create a rating agency guideline for stocks and bonds available on the market - create a master mutual fund offering by either buying 5% of every dividend paying public corp or by buying massive shares in the current mutual funds - invest in FuryBank to ensure a healthy competition in the market - give away isk - create new trade hub outside of Jita where all EBANK transactions can occur, i.e. tied back to that future/commodities market - increase cap to 1 Billion on savings account hmm, really sleepy, will think of more tomorrow. Originally by: Shadarle I hate happy things, that's why I kill puppy dogs and kittens for fun.
Ray McCormack hirr	Posted - 2008.01.13 06:32:00 - [11] Switch to SMF, from there it would be easy to integrate it into your current user database for EBank accounts. High-interest call-accounts (30, 60, 90, 120, etc days). I'm talking 7%-10%, possibly with availability limits. Would hopefully force you to stop bottoming out the loan market and accepting low-interest short-term loans when you have no need to (I have sums, want to see?). Ask me about Secured ISK Loans from the BMBE.
Treelox Amarr Market Jihadist Revolutionary Party	Posted - 2008.01.13 08:00:00 - [12] Originally by: Ray McCormack Would hopefully force you to stop bottoming out the loan market and accepting low-interest short-term loans when you have no need to (I have sums, want to see?). So your saying that the competition is "hurting" you? Maybe you need to lower your rates to be competitive? --
Ray McCormack hirr	Posted - 2008.01.13 08:23:00 - [13] Originally by: Treelox So your saying that the competition is "hurting" you? Maybe you need to lower your rates to be competitive? No, far from it. Our average loan amount is remaining constant, in line with the previous 12 months. Ask me about Secured ISK Loans from the BMBE.
Shadarle	Posted - 2008.01.13 08:41:00 - [14] Originally by: Ray McCormack Originally by: Treelox So your saying that the competition is "hurting" you? Maybe you need to lower your rates to be competitive? No, far from it. Our average loan amount is remaining constant, in line with the previous 12 months. Then why do you care if they are not charging as much as they can. If it isn't hurting you it shouldn't matter to you. Not that I'm suggesting that E-Bank does the smart thing always. I think E-Bank should prob charge more on a lot of the functions it provides, but that's their call. I just find it funny that you want them to charge more and then claim it has no impact on you. That doesn't pass the smell test. There is absolutely no way E-Bank will give out 7% accounts. They have people flooding them at the tiny rate they offer now. Why should they offer more if they don't have to. Until they allow unlimited deposits at 3% and can't get enough there is no reason for them to pay more. If they max out at 3% and want more they will have to offer 3.5 or 4%. When they max that it will go up again, etc. Eventually maybe they will get high enough that I'll deposit a massive chunk of money. But there is absolutely no reason for them to do it if people are willing to give them 100's of billions at 3%. Short of massive collusion I doubt we'll see enough people pull money out to force them to up their rate for 6-12 months, if even then. Tanking Setups Compared Stacking Penalty / Resists Explained
Malcolm Gerhardt Gallente Arctic Fox Industries and Materials	Posted - 2008.01.13 08:47:00 - [15] Perhaps a way to pay bills? a script where money from the users account will go to a wallet division ear marked for Accounts payable. I'm not sure if this is possible, but if it is, that would be helpful. Keep your Head low, Your Mind high and Your Mouth Shut
Ray McCormack hirr	Posted - 2008.01.13 08:59:00 - [16] Originally by: Shadarle I just find it funny that you want them to charge more and then claim it has no impact on you. That doesn't pass the smell test. It doesn't need to pass the smell test, the figures confirm it. We haven't had a drop in loan amounts. Needless to say, this is a Suggestion thread, those were my suggestions. I spoke with Ric for half an hour or so about it, so whatever else you may want to read into it, it served its purpose of opening up a dialogue between us. My interest is in seeing a broader range of services offered, but to provide for any increase in offerings, EBank need to have a sustainable top-end market. Which at the moment for them is loans. By diluting that market with low interest loans they're hurting their top-end, and limiting their ability to provide higher-interest call accounts. As to the sums, loaning out 40b at 12-14% is the same as loaning out 80b at 6-7%, the benefit is that you then have 40b left over idle, which has the potential to earn you even more. Ask me about Secured ISK Loans from the BMBE.
Emo Jelli	Posted - 2008.01.13 09:40:00 - [17] /me agrees with Ray regarding higher interest savings accounts and their benefit to EBANK
Kushion Anti Sweden Defense Force	Posted - 2008.01.13 09:59:00 - [18] A share system. Nothing fancy, just the basics. My main reason for bringing this up is a corp-based shareholder owned model. It doesn't work too well with the eve system, due to things like players quitting and not giving shares back, etc... So, in my dreams it looks something like this: shares can be issued/traded/sold via Ebank. These are shares that exist within ebank, not shares that can be actually bought/traded in eve. You would have a separate account tab, called "shares," along with the savings/checking accounts. Basically, a corp contacts Ebank to create shares. Once created, shares can be assigned to corp members by the CEO. The shares are placed in the ebank accounts of the respective corp members. When the CEO pays dividends, they're placed into the various ebank accounts and gain interest. Additionally, a system would be put into place to freeze payments to certain shares. i.e, if a player quits eve or his corp, the CEO can ensure that the dividends are not wasted. Pros: For one, a lot more players would sign up & invest money in ebank. If all the players in a corp need an account to access shares, it's likely that they might set up a savings account, too. Ebank could charge fees for the service. Would be just plain awesome. Cons: A lot of work for the programmers. *Probably hard to implement an actual working system. OK, so probably not very realistic, and no way will we see it by phase IV... but it would be great to see it someday. Puhllleeease?
LaVista Vista Conservative Shenanigans Party	Posted - 2008.01.13 10:03:00 - [19] Phase IV? Affiliate system... Thats all i want for christmas. This signature is brought to you by EBankÖ, free space for moderators to brag.
Kirjava Lothian Quay Industries Zzz	Posted - 2008.01.13 11:46:00 - [20] My 2 pence for phase 4, I made the suggestion a while back and this seems to be more constructive than "omfg higherintrestaccount11!11!eveventyeleven!!" The ability to tie in shares to an EBANK account, send shares to EBANK Ricdic. Maybe a script on the website saying to expect a number of shares within a window then link to the api key to show yes, 200 shares of xyz public corp received and dividends are linked to the wallet. That is what I would suggest Though perhaps some sort of partnership with TRUST would be good, seing as how they are one of the main suppliers via a browser as opposed to the open market. ~Nyron Originally by: Minerva Vulcan But poor victimized Ulf...I weep lavender scented tears for you.
LaVista Vista Conservative Shenanigans Party	Posted - 2008.01.13 11:49:00 - [21] Originally by: Kirjava My 2 pence for phase 4, I made the suggestion a while back and this seems to be more constructive than "omfg higherintrestaccount11!11!eveventyeleven!!" The ability to tie in shares to an EBANK account, send shares to EBANK Ricdic. Maybe a script on the website saying to expect a number of shares within a window then link to the api key to show yes, 200 shares of xyz public corp received and dividends are linked to the wallet. That is what I would suggest Though perhaps some sort of partnership with TRUST would be good, seing as how they are one of the main suppliers via a browser as opposed to the open market. Wont be possible, as its impossible to track shares. This signature is brought to you by EBankÖ, free space for moderators to brag.
Kirjava Lothian Quay Industries Zzz	Posted - 2008.01.13 12:10:00 - [22] Linkage Thats for a shares API request in the ideas and discussion subforum ~Nyron Originally by: Minerva Vulcan But poor victimized Ulf...I weep lavender scented tears for you.
LaVista Vista Conservative Shenanigans Party	Posted - 2008.01.13 12:16:00 - [23] Originally by: Kirjava Linkage Thats for a shares API request in the ideas and discussion subforum As it is now, not even the journal ingame tracks shares. Thus, the shares system needs to be overhauled in order for a such API to work. In which case, the journal API works for the purpose. So i really dont see it happening anytime soon. This signature is brought to you by EBankÖ, free space for moderators to brag.
Sikozu Prioris Suns Of Korhal deadspace society	Posted - 2008.01.13 13:09:00 - [24] I for one would like to see the cap on interest bearing accounts raised. 1 bill would be nice but 750mill would do Lol
Balogh Gallente Real-time EVE Stock Exchange	Posted - 2008.01.13 13:18:00 - [25] Originally by: LaVista Vista Originally by: Kirjava Linkage Thats for a shares API request in the ideas and discussion subforum As it is now, not even the journal ingame tracks shares. Thus, the shares system needs to be overhauled in order for a such API to work. In which case, the journal API works for the purpose. So i really dont see it happening anytime soon. /me points to sig _________ Real-time EVE Stock Exchange, Blog Feature request: Share transfer log (4 months and counting!)
Wieting Foyu Azteca Transportation Unlimited Gunboat Diplomacy	Posted - 2008.01.13 14:26:00 - [26] Whats EBANK... Never heard of it.. and search doesn't bring up ONE thing.
Balogh Gallente Real-time EVE Stock Exchange	Posted - 2008.01.13 14:44:00 - [27] Originally by: Wieting Foyu Whats EBANK... Never heard of it.. You have. Check your own post history. Quote: and search doesn't bring up ONE thing. Indeed. Search brings up more than one thing. _________ Real-time EVE Stock Exchange, Blog Feature request: Share transfer log (4 months and counting!)
Brisco Smiley Peppermint Bay Trading Company	Posted - 2008.01.13 17:22:00 - [28] Bond Administration For example... 1. PlayerA posts in the MD forum about how he needs monies for his awesome business plan and that EBANK will be administering the bond issue. He then logs in to his EBANK account and uses the "issue bond" feature, entering the following information: Bond Name: OMGshipz4mePEWPEW Description: gonna buy ravenz & pwn piratz Total Amount: 100,000,000 MD Thread: <linkie> Percent interest per week: 60 -- EBANK computes this at 7% per daily 2. PlayerB wishes for wealth and logs in to his EBANK account. He sees the open bond issue for 100M and decides to invest 50M in it. 50M is withdrawn from PlayerB's account and deposited in PlayerA's account. 3. PlayerC wishes for enhanced growth. He sees the open bond issue for 50M and decides to buy it all. 50M is withdrawn from PlayerC's account and deposited in PlayerA's account. 4. PlayerA wishes for violence, and withdraws 100M from is EBANK account. He buys a raven and runs some missions. 5. The next day, PlayerA deposits his winnings (10M - woot!) in EBANK. He sees that he owes 107M on his bond. He decides to pay 10M of it. 5M goes to PlayerB's account; 5M goes to PlayerC's account. PlayerA now owes 97M on the bond. PlayerB and PlayerC both hold 48.5M worth of the bond. 6. PlayerB no longer wishes for wealth. He logs in to EBANK and hits the "liquidate" button next to his bond holding. 7. PlayerC goes to check on his enhanced growth. He sees that OMGshipz4mePEWPEW has paid him 5M, and the there is now 48.5M worth of OMGshipz4mePEWPEW available for purchase!!! He reinvests his 5M. That 5M goes to PlayerB. Status of the bond issue follows: PlayerA - owes 97M PlayerB - holds 43.5M (liquidating) PlayerC - holds 53.5M 43.5M remains for sale (because PlayerB wants to liquidate). 8. The next day, PlayerA - owes 103.79M PlayerB - holds 46.545M (liquidating) PlayerC - holds 57.254M 46.545M remains for sale (because PlayerB wants to liquidate). 9. PlayerA, drunk with power, goes on a level 5 mission and blows up his shiny, new ship. He receives 70M in insurance money, which he decides to use to pay down his bond. 46.545 goes to PlayerB because he is liquidating. The remaining 23.455 goes to PlayerC. Status of the bond issue follows: PlayerA owes 33.79M PlayerB holds nothing PlayerC holds 33.79M none of the bond is for sale. 10. 3 weeks later, having received no further payments, PlayerC decides to liquidate. PlayerA owes 140M PlayerC holds 140M (liquidating) 140M of the bond is for sale. 11. PlayerB sees the open bond. He still wishes for wealth, so he checks its history. He notices that there have been no payments for 3 weeks, so he decides not to invest in it, glad that he liquidated when he did. 12. One year later, PlayerA owes 54.677 billion isk that he will never pay, PlayerC holds 54.677B isk of a worthless bond. EBANK no longer lists the bond as for sale because it has been stale for so long. fin. EBANK, of course, will have charged various fees along the way. It is a lot of code to write, but almost no additional work for the tellers.
Del Achura	Posted - 2008.01.13 17:23:00 - [29] What about having different types of accounts based on interest rates? You have to have so much in the account to receive an increased interest rate. Just an idea. I have several ideas, but I am an over the road truck driver so it is hard for me to offer my ideas to the management of EBANK. My wife works at a bank that where I have gotten alot of my ideas for EBANK.
Trilori Caldari GearBox Fleet Svcs	Posted - 2008.01.13 17:37:00 - [30] how about for other existing services to connect to EBank via some kind of API linkup? Like say a certain player has a loan with FuryBank and would like to pay down their loan from EBank and IF Furybank had a website then the data could be sent to Fury bank as a pending loan payment as a teller would have to transfer those funds. (this is just an example, not suggesting FuryBank get a website). Or lets say some players want to order goods via eve-mall which uses API, maybe somehow instead of having to deposit or pay the seller directly from your ingame wallet maybe you want to do it from EBank somehow the two could integrate that.
Brisco Smiley Peppermint Bay Trading Company	Posted - 2008.01.13 18:08:00 - [31] Bond Trading For example... 13. PlayerD posts an order to buy 54.677B of OMGshipz4mePEWPEW at 0.1% face value 14. PlayerC pounces on the opportunity to unload his bad debt. PlayerD gets the bond and PlayerC gets 54.677M 15. PlayerA, wracked with guilt, hopes to eliminate his debt. He posts an order to buy 54.677B of OMGshipz4mePEWPEW at 1% face value. 16. PlayerD pounces on the opportunity to make 10% on his investment, and sells the bond. PlayerD gets 546.77M, and PlayerA gets his bond back. PlayerA then forgives the debt to himself.
Ambo 2nd Outcasters	Posted - 2008.01.13 18:49:00 - [32] Edited by: Ambo on 13/01/2008 18:48:54 I know you don't really want to hear it but higher interest rates is the only thing missing imo. Specify a maximum withdrawl time of 2 weeks or somthing and put the interest rate to 6%+ per month and I'd start considering it. At the moment, the rate is imply too low. -------------------------------------- Trader? Investor? Just want to track your finances? Check out EMMA
Hexxx Minmatar	Posted - 2008.01.14 01:24:00 - [33] Originally by: Del Achura What about having different types of accounts based on interest rates? You have to have so much in the account to receive an increased interest rate. Just an idea. I have several ideas, but I am an over the road truck driver so it is hard for me to offer my ideas to the management of EBANK. My wife works at a bank that where I have gotten alot of my ideas for EBANK. Don't feel like you can't suggest something. If you have ideas, get in contact with us or post about them. Consulting, IPO Template, and Stock/Bond definitions.
Kara Rhane Gallente Rhane's Research and Development Labs.	Posted - 2008.01.14 06:42:00 - [34] There are a few things I'd like to see with E-Bank. Some of these mostly E-bank can pull off and a few 'select' investors so I figured since your providing benifits to the entire community why not enhance that. 1. IPO initial coverage of E-Bank sponsered and/or checked companies Basically we see the same 6 to 10 people (7 of them E-Bank) that respond to every single IPO, loan and Bond. The E-Bank is usually tied up in these IPO's and checks them out, offers assistance and even collects collateral against the IPO. The main problem that many of us are facing, has been that we can't cover the market thread long enough to catch the 'good deals' and most of the time when we do we're lucky if we can invest less then 100 mill. Yet E-Bank directors might be able to (based upon some guidelines they setup) find certain stocks, bonds and loans that some of us would want to invest in but yet aren't online at the time. I'm not 100% sure if this is like a fund manager or something along those lines, but some of us trust many, if not all of the E-Bank directors and wouldn't mind 'parking' some ISK with them where they could 'catch' these deals for us and invest our cash where we would get the shares. In return they get a fee other straight amounts of ISK (to make a post and transfer the ISK) or a % of the amount we end up turning over 3% to 5% just for making a post sounds pretty reasonable. Variety Purchasing To further branch that idea out, some people would want massive risk, some would want no risk. Some would be looking for short term loans to invest in. Some would want to park their ISK for a year+. With website interfaces and multiple tellers this might be very easy to implement in time. In the beginning maybe just have people agree to whatever they are able to get from the tellers checking and searching. Note E-Bank would open up a small revenue stream in this regard, the money can be lent out, can go to salaries, or invested in quick and high yield loans that E-Bank can find for itself with some of these funds. 2. E-Bank rating system of financial products Not looking to step on other peoples IPOs, or their toes. But having a website or (with peoples permission) post an E-Bank rating in their thread about their IPO. This would be a little more precise then the "we think they'll do well" or "crap, don't invest" system that we've been seeing. There are ways people have improved their offerings by taking advice from E-Bank directors and other market forum vets (shar and shad for instance). Up to you guys if it's worth it or not, but would be a good way for some IPO's to show how good their plans are, how well thought out they are and how much the community could get in a short glance and maybe a review by E-Bank. 3. New major hub sponsership Gotta agree with Nummb on this one, it might be a big undertaking but the right people could find a new location where the Jita over-runs could be placed and maybe with the right model E-Bank could take advantage of it. After all, just because Jita, Rens and Ours are in 1.0 space. That doesn't mean that E-Bank couldn't place it in a 0.5, and help setup enough empire corps to put up POS's that the system would have a massive need and infrastructure. 4. Higher Interest rates Sorry, couldn't resist. I like E-Bank and what it's doing for the community, and only other thing I can think of is raising some of the interest rates for some of your loans you offer, and in turn increasing the rates on accounts if possible. The current system works as is, so it's a low priority. Sorry this got so long, I like what you guys are doing and hope that some of these suggestions might help improve things. -Kara ***** Rhane's Research and Development LabsÖ Click to search our Ammo's, Missiles, and Drone BPO sets.
Selene D'Celeste Caldari The D'Celeste Estate	Posted - 2008.01.14 08:19:00 - [35] Lots of good feedback here people, keep it coming. Finally back from holiday and catching up on my reading, this one was a treat =)
Astorothe Aperture Science Industries	Posted - 2008.01.14 10:47:00 - [36] Originally by: EBANK Ricdic Ok so firstly I just want to say we all love you Shadarle. Ok now that thats outta the way. We have a thread in our EBANK Board of Director's forum talking about PHASE IV. Not necessarily that we are going too it but what roadblocks we want to pass before we get there. So I ask you, our fellow EBANK customers, supporters, naysayers, and Ufl Alts. What do you want to see in EBANK? Think beyond the (omg high interest rates!11!). When you log into your EBANK account or troll an EBANK forum thread what is it you are yearning for the most? I would love to tell you what we already have on the horizon but well the guys would kill me (no pun intended). So give your suggestions and if they aren't already in the current EBANK Board thread we will bring them up there and determine viability etc. Anyway I would like to thank all our supporters, Shadarle, and our non-affiliated affiliate Treelox for their time. And no, you cant have my stuff because my stuff is already your stuff. Ok, moving along. LOL - I just hit REPORT instead of QUOTE and sent the mods my reply... oops cough What I tried to say was: * Higher Interest Rates (possibly in exchange for a long term locked deposit) * Increased max deposits Both of those would make me happy enough to do a nekid run across next year's Fanfest stage. Eve Corp and Fansite Web design, development and hosting services
Block Ukx KDM Corp Firmus Ixion	Posted - 2008.01.14 14:43:00 - [37] I would like that you: 1) Fix your statistics page. 2) Publish current loan interest rates in your statistics page for secure and non-secure loans. BSAC Mineral Market Manipulation (MinMa)
Hexxx Minmatar	Posted - 2008.01.14 15:51:00 - [38] Originally by: Block Ukx I would like that you: 1) Fix your statistics page. 2) Publish current loan interest rates in your statistics page for secure and non-secure loans. The fix for the stats page is on our test server and has not been rolled into our "live" server yet. I can't say when it will move to live as it's bundeled with some other releases but it's something we aim to fix. In terms of publishing loan rates...these are variable to some degree and I don't believe publishing them would be in our best interests since it could compromise our ability to negotiate a loan rate specific to each and every customer. Consulting, IPO Template, and Stock/Bond definitions.
EBANK Ricdic Eve-Tech Savings n Loans	Posted - 2008.01.14 16:33:00 - [39] I agree with the Hexxx sentiment regarding publishing of loan rates. It's public knowledge we look at between 7-15% per month on most loans depending on a range of different variables. But there is no reason for us to categorise secured/unsecured loans as such. How do you define unsecured? Would it be unsecured if my corp C-R-A was holding a bpo as collateral researching it for the client whilst the loan was active? (as it's not in EBANK hangars) Is it still considered unsecured if a trusted person has promised to repay the debt in the event of a default? If it's shares securing the debt are they considered secure? We really are quite open to different methods and ideas regarding implementation of EBANK loans. Even going as far as having an alt join the corporation in question, take the CEO position and hold control of corporate assets (such as deployed POS's, locked down assets/prints in hangars etc). There are plenty of ways EBANK can feel confident in getting their money back on investments. We have at this point earnt appproximately 3b in interest on loans and only had 1 default (which will be publicised in our next P/L statement) resulting in an EBANK loss to the tune of about 250m. Anyway, as per normal I have said too much
Clyneva	Posted - 2008.01.14 16:53:00 - [40] More of a convenience than a true feature, but I'd like to see automatic redirection of ISK between account. For example, letting us make rules sets where "If Account A has over xxx ISK, then anything over that is automatically put into Account B assuming it's not already at it's cap" It'd be useful for cases where a saving account is maxed while the checking account is semi-empty. Hence, any interest made by the saving account can go straight into the checking account rather than having to move 500k over everyday. Also, if you're planning on making wallet divisions, then it could also be used to automatically divide x% of any deposits into division 1, y% into division 2, z% into division 3, etc.
LadyOfWrath Valhalla Navy Technical Institute	Posted - 2008.01.14 17:01:00 - [41] I <3 EBANK . You guys are doing a great job, and helping me expand my freighter program in teh process. Looking forward to doing more business in the future. As for suggestions, the only one i have is due to EBANK's massive interest in IPOs would be to possibly have a forum or something only available to EBANK account holders with EBANK's rating and thoughts on new IPOs. You could even set it up as a subscription. Like x amount of fee per month gives players access to this information. This makes it both profitable for EBANK and easily available to the masses. Anyways just my thoughts for now.
Kilda Shepp Perkone	Posted - 2008.01.14 17:07:00 - [42]
EBANK Ricdic Eve-Tech Savings n Loans	Posted - 2008.01.14 17:13:00 - [43] Originally by: Clyneva More of a convenience than a true feature, but I'd like to see automatic redirection of ISK between account. For example, letting us make rules sets where "If Account A has over xxx ISK, then anything over that is automatically put into Account B assuming it's not already at it's cap" Ability to schedule transactions/withdrawals. Rules determining isk movement. I love it and would fit right in with one of our big new enhancements coming next month (or this month). Will see if it's hard for the guys to put in. Quote: Also, if you're planning on making wallet divisions, then it could also be used to automatically divide x% of any deposits into division 1, y% into division 2, z% into division 3, etc. Yeh, and if you had corporate wallets with shared access between your corp members you could have scheduled payments like salaries transferred etc Great ideas people, keep em up
EBANK Ricdic Eve-Tech Savings n Loans	Posted - 2008.01.14 17:15:00 - [44] Originally by: Kilda Shepp Definetly something to think about
Relyen Caldari Digital Fury Corporation Digital Renegades	Posted - 2008.01.14 17:36:00 - [45] Mutual Funds :)
Jon Asus	Posted - 2008.01.14 17:49:00 - [46] World Domination? Just a suggestion :)
Ulstan	Posted - 2008.01.14 18:57:00 - [47] Many good suggestions so far. Long term deposits with higher interest rates might also be something worth considering, but I don't know how much additional paperwork that would make you guys go through. Maybe I just haven't figured out how to do it, but I'd love to be able to use EBANK as a kind of 'aggregated wallet' that serves all my characters across all accounts, and makes shuttling money in between them, viewing my total assets, etc, a lot easier than having to log into each character at a time.
Fenderson Einherjar Rising Cry Havoc.	Posted - 2008.01.14 19:31:00 - [48] one word: gambling!! also something like CDs would be nice... allow people to lock in a higher interest rate in exchange for forcing them keep their isk on deposit for a set period of time. but im sure you already thought of that. DO YOU PLAY POKER???? Join ingame channels "DOA Poker" and "Eve Online Hold'em"
Kirjava Lothian Quay Industries Zzz	Posted - 2008.01.14 19:43:00 - [49] Randsoming. Please put this in and make it work in a timely fashion, link API or something so it can confirm a kill does not happen/does happen ect. Not sure if I will become a pirate or not when I come back to the game, it's (apart form being a BoBlet, a mercenary or a goon) the only thing I haven't sampled yet. ~Nyron Originally by: Minerva Vulcan But poor victimized Ulf...I weep lavender scented tears for you.
LaVista Vista Conservative Shenanigans Party	Posted - 2008.01.14 19:54:00 - [50] Originally by: Fenderson one word: gambling!! As pointed out, thats not exactly territory for EBank i believe. But keep an eye at this space, and you might be pleased in the future. Originally by: Kirjava Randsoming. Please put this in and make it work in a timely fashion, link API or something so it can confirm a kill does not happen/does happen ect. Not sure if I will become a pirate or not when I come back to the game, it's (apart form being a BoBlet, a mercenary or a goon) the only thing I haven't sampled yet. We had an idea for that. But there was too many variables in it. You can see our idea on the eve-bank forums i believe.
Hexxx Minmatar	Posted - 2008.01.14 20:31:00 - [51] Originally by: Ulstan Many good suggestions so far. Long term deposits with higher interest rates might also be something worth considering, but I don't know how much additional paperwork that would make you guys go through. Maybe I just haven't figured out how to do it, but I'd love to be able to use EBANK as a kind of 'aggregated wallet' that serves all my characters across all accounts, and makes shuttling money in between them, viewing my total assets, etc, a lot easier than having to log into each character at a time. I love the idea of an "aggregated" wallet and it's been on my wishlist for quite a while. I will say this....each and every single account in EBANK (savings, sweep, and checking) have role-based permissions. What does this mean? It means that the ability to create shared accounts and also perform limited "audits" on other accounts may be possible in the future. It's a known fact that some of our customers use their alts to create additional EBANK accounts. We won't allow for "free" transfers between your alts...but could we allow you to see the balances of all your alts on one character? Possible. Feel free to flesh out some ideas here guys. Remember, the more complex the idea, the harder it is to do, and the longer it'll take. Is there a simple way to deliver valuable features that YOU want as a customer? Consulting, IPO Template, and Stock/Bond definitions.
Trilori Caldari GearBox Fleet Svcs	Posted - 2008.01.14 20:39:00 - [52] I realize that ebank has to make money on its services, transfers, loans, etc. RW banks don't charge for transfers/withdrawls anymore like they used to HOWEVER they can make their money on overdraft which Ebank doesn't have which IMO is a good caveat because if you overdrew say 10M well then pretty soon everybody will be doing it and EBank will be soon out of money despite fees levied because you overdrew. Now... we can't write "checks" or use a "debit card" from Ebank, otherwise overdraft fees would be a perfect way to sink the ISK and make more money which is why we have account transfer and withdrawl fees. What am I trying to say? I'm trying to say get rid of account withdrawl/transfer fees and find another way to make money IMO 20k excessive transfer fee isn't bad I've done about 10 of those so far is only 100k regardless of how much or how little you take out. The only time I see a transfer fee should be charged is if you are "wiring" money to another bank as in bank to bank transfers or if EBank pays someone on your behalf (kind of like billpay, yes indeed add that feature too) my bank charges nothing for billpay either, but in the world of EVE thats a perfect money making setup.... I'd rather pay to billpay than to withdrawl to myself or my alts.
Hexxx Minmatar	Posted - 2008.01.14 21:13:00 - [53] Originally by: Trilori I realize that ebank has to make money on its services, transfers, loans, etc. RW banks don't charge for transfers/withdrawls anymore like they used to HOWEVER they can make their money on overdraft which Ebank doesn't have which IMO is a good caveat because if you overdrew say 10M well then pretty soon everybody will be doing it and EBank will be soon out of money despite fees levied because you overdrew. Now... we can't write "checks" or use a "debit card" from Ebank, otherwise overdraft fees would be a perfect way to sink the ISK and make more money which is why we have account transfer and withdrawl fees. What am I trying to say? I'm trying to say get rid of account withdrawl/transfer fees and find another way to make money IMO 20k excessive transfer fee isn't bad I've done about 10 of those so far is only 100k regardless of how much or how little you take out. The only time I see a transfer fee should be charged is if you are "wiring" money to another bank as in bank to bank transfers or if EBank pays someone on your behalf (kind of like billpay, yes indeed add that feature too) my bank charges nothing for billpay either, but in the world of EVE thats a perfect money making setup.... I'd rather pay to billpay than to withdrawl to myself or my alts. My personal perdiction is that withdraw fees will always exist. There has to be SOME mechanism in place to prevent griefing EBANK through excessive withdraws and our current setup manages this well. Withdraws are a manual and time consuming process...for these reasons and more, withdraw fees are probably here to stay. Transfer fees? I like them personally but these could be up for debate I suppose. Transfer fees could become a major source of revenue once we get affiliates operational...and it's hard to throw away a revenue source. =/ Consulting, IPO Template, and Stock/Bond definitions.
Trilori Caldari GearBox Fleet Svcs	Posted - 2008.01.14 21:54:00 - [54] Originally by: Hexxx Originally by: Trilori I realize that ebank has to make money on its services, transfers, loans, etc. RW banks don't charge for transfers/withdrawls anymore like they used to HOWEVER they can make their money on overdraft which Ebank doesn't have which IMO is a good caveat because if you overdrew say 10M well then pretty soon everybody will be doing it and EBank will be soon out of money despite fees levied because you overdrew. Now... we can't write "checks" or use a "debit card" from Ebank, otherwise overdraft fees would be a perfect way to sink the ISK and make more money which is why we have account transfer and withdrawl fees. What am I trying to say? I'm trying to say get rid of account withdrawl/transfer fees and find another way to make money IMO 20k excessive transfer fee isn't bad I've done about 10 of those so far is only 100k regardless of how much or how little you take out. The only time I see a transfer fee should be charged is if you are "wiring" money to another bank as in bank to bank transfers or if EBank pays someone on your behalf (kind of like billpay, yes indeed add that feature too) my bank charges nothing for billpay either, but in the world of EVE thats a perfect money making setup.... I'd rather pay to billpay than to withdrawl to myself or my alts. My personal perdiction is that withdraw fees will always exist. There has to be SOME mechanism in place to prevent griefing EBANK through excessive withdraws and our current setup manages this well. Withdraws are a manual and time consuming process...for these reasons and more, withdraw fees are probably here to stay. Transfer fees? I like them personally but these could be up for debate I suppose. Transfer fees could become a major source of revenue once we get affiliates operational...and it's hard to throw away a revenue source. =/ I realize that like I said before tellers have to do manual tedious process of actually doing the ISK transfer as banks do in the RW they have live tellers doing deposits, transfers, loan credits (paying down the loan), opening new accounts, servicing issues that do not need a supervisor, etc and yet most do not charge for a basic checking account or savings. many RW banks charge when you want to get into higher yield interest bearing accounts such as money markets where if you are not keeping a minimum you are charged a monthly fee. That being said, transfer fees should stay if you are transferring to/from an affiliate/bank. Transferring to/from your own main/alts should go away IMO; Of course my opinion has no bearing and again I say the same for withdrawl fees. I'm not sure how people could grief ebank with excessive withdrawls. Perhaps you want to create either a very low interest bearing account or none at all so that you can offer free transfers/withdrawls. If I were in your shoes I'd create a billpay system charge a fee to pay their bills and charge for transfers between affiliates to/from and then transfers within member owned alts/mains would be free as I stated. You currently offer sweep accounts where all money arrives in a pool until the account owner moves the money manually, we are even charged for withdrawls out of the sweep account which bears no interest; so it is fair to say that if you are paying me to leave money in and get paid interest then it is fair to pay to get it out. I would continue to use interest bearing accounts for long term savings and use a fee free/no interest account for daily needs. 20k per withdrawl is really not much when you can withdral any amount unlike the transfer fee is .05% which has a higher yield so if you are transferring out 100M vs 500M you will pay more the transfer value is. What I'm saying is you can compensate for certain fees elsewhere when fees are no longer being collected elsewhere as well.
Hexxx Minmatar	Posted - 2008.01.14 22:51:00 - [55] Griefing with withdraws would be easy if we didn't charge a fee for excess. Simply deposit any amount of money, divide by 100, and withdraw 100 times using that amount. Griefing done. The only protection we have is that if someone did do this...they would be hit with massive charges. Consulting, IPO Template, and Stock/Bond definitions.
Trilori Caldari GearBox Fleet Svcs	Posted - 2008.01.14 23:55:00 - [56] Originally by: Hexxx Griefing with withdraws would be easy if we didn't charge a fee for excess. Simply deposit any amount of money, divide by 100, and withdraw 100 times using that amount. Griefing done. The only protection we have is that if someone did do this...they would be hit with massive charges. I'm not a coder, but I think there is an internal solution to that. LIke max querries or something, or force it so that you cannot do XX transactions per day or per minute/hour whatever. I'm sure thats too much to bother with coding and figuring out.
SencneS Amarr Spartan Industrial Manufacturing SMASH Alliance	Posted - 2008.01.15 00:14:00 - [57] Withdrawal fees are a preventative measure if anything else. It's one of those things we put in to prevent someone from being silly and doing 100, 0.01 transactions. It does sound petty but I think we have yet to charge someone these fees, no one has done more then 5 withdrawals yet. I'm sure as we get larger and more people use EBank we may get someone who does 6 or 7. Even then it'll only cost them 10K for everyone after 5. 25 withdrawals in 30 days will cost you 150,000 ISK. To recover that you only need 11,250,000 ISK in your EBank savings account to recover that 150,000 ISK. That's a small balance to maintain for the luxury of being able to make 25 withdrawals. (And you'll still end up with about 130 ISK in interest.) Amarr for Life
Trilori Caldari GearBox Fleet Svcs	Posted - 2008.01.15 01:25:00 - [58] Edited by: Trilori on 15/01/2008 01:29:46 Originally by: SencneS Edited by: SencneS on 15/01/2008 00:30:16 Withdrawal fees are a preventative measure if anything else. It's one of those things we put in to prevent someone from being silly and doing 100, 0.01 transactions. It does sound petty but I think we have yet to charge someone these fees, no one has done more then 5 withdrawals yet. I'm sure as we get larger and more people use EBank we may get someone who does 6 or 7. Even then it'll only cost them 10K for everyone after 5. 25 withdrawals in 30 days will cost you 150,000 ISK. To recover that you'll only need 4,927,875 ISK in your EBank savings account to recover that 150,000 ISK. That is a pretty small amount to keep in your savings account to recover the fee's you would pay on 25 withdrawals, over 30 days. Edit :- Incorrect math has been fixed (Hyper accurate now) You're still incorrect, there are people including myself who have done more than 5 withdrawls across sweep/checking/savings. I'm one of them. I realize all good intentions are well met for the fees for a reason. 5 transaction fees are not that expensive and btw your math is still wrong its 20k per transaction not 10k so even if I do 1-2 transactions per day if need be... lets assume I do so everyday. That is only 1.2M easily made up if you have a lot of cash being held in the savings account because of the 3% interest and you gain interest on the daily balance. I'm not saying the fees are a problem, I am just saying that there should be more free flow (of course without griefing) and you could/might make more in fees in other services besides withdrawl fees and might consider removing withdrawl fees. Now I still believe there is a way to internally control the querries to the database/withdrawl requests can be limited, each time you do a withdrawl you are making a hit to the database heck each time you LOGIN and VIEW your account details it is a querry to the database having a heavy database load would kill your host that is something to be avoided at all costs I understand that very well. you could limit withdrawls to 10-20 per day most are not going to do that per day either, but if you set a hard limit griefing won't work very well.
EBANK Ricdic Eve-Tech Savings n Loans	Posted - 2008.01.15 02:39:00 - [59] Withdrawals are one of the only non automated things in EBANK. They definetly should have fee's imposed for excessove uses. Trilori no other customers put anywhere near as many withdrawals as you do . As the main teller, I'll be damned if I am going to let 600 people withdraw 20 times per day with no charge. That's 12,000 individual transactions per day. Even just if you do 20 withdrawals in one day. Those withdrawals take about 13 minutes to action. If I were running an L4 mission I could make 5m during that time. It's not to say we don't want to action your withdrawals, but if there are going to be large amounts per person then they should accept the costs. In Australia most banks do charge withdrawal fee's, ATM and the likes. They also charge monthly account keeping fee's (which we don't). They also pay maybe 6% per annum in interest, whilst we are paying that after 2 months. There is no RL bank on the planet that will give a 36% per year return on investment in a regular account. Also regarding the isk formula on withdrawals it gets more expensive to withdraw if you make too many. ie if Trilori is making 50 withdrawals a month, then the last 9-10 will cost 1m each to get done.
Astorothe Aperture Science Industries	Posted - 2008.01.15 03:20:00 - [60] As an account holder who has only made one withdrawl, and plans to not make any for several months at a time, I would like to get a higher interest rate than someone who makes regular withdrawls. Eve Corp and Fansite Web design, development and hosting services
Trilori Caldari GearBox Fleet Svcs	Posted - 2008.01.15 03:37:00 - [61] Originally by: Astorothe As an account holder who has only made one withdrawl, and plans to not make any for several months at a time, I would like to get a higher interest rate than someone who makes regular withdrawls. I could agree with that, hence thats what I've been trying to say. RW banks that give you higher yields have a cap on how many withdrawls and how much you can take out maximum regardless of how many withdrawls you make even if you go beyond the cap (thats when they start charging heavy fees). So if you want unlimited withdrawls, no interest. But we already have that, sweep account... you still get charged for withdrawls anyway.
Hexxx Minmatar	Posted - 2008.01.15 20:16:00 - [62] Originally by: Trilori Originally by: Astorothe As an account holder who has only made one withdrawl, and plans to not make any for several months at a time, I would like to get a higher interest rate than someone who makes regular withdrawls. I could agree with that, hence thats what I've been trying to say. RW banks that give you higher yields have a cap on how many withdrawls and how much you can take out maximum regardless of how many withdrawls you make even if you go beyond the cap (thats when they start charging heavy fees). So if you want unlimited withdrawls, no interest. But we already have that, sweep account... you still get charged for withdrawls anyway. I can see people are getting hung up on this, so I'll respond. We are developing finacial vehicles which will offer a higher interest rate (no, I won't quote a specific rate) with a reduced ability to "withdraw" from that vehicle. It's something we're working on, of course, if you have ideas specific to how to pull it off, feel free to contribute. I imagine you'll hear more about this sometime at the end of Febuarary. In terms of fees...as a recap; withdraw fees are probably permanent for various reasons but hardly anyone gets charged with them. Transfer fees are less permanent and may be up to change. As always, the final word is had by the Board of Directors. Everything I'm posting here is my own personal speculation based on what I know about EBANK, it's operations, and the Board. Consulting, IPO Template, and Stock/Bond definitions.
Astorothe Aperture Science Industries	Posted - 2008.01.16 05:52:00 - [63] Edited by: Astorothe on 16/01/2008 05:54:51 Originally by: Hexxx It's something we're working on, of course, if you have ideas specific to how to pull it off, feel free to contribute. Simplest way I see it is you offer x% interest rates for a fixed term. For example, you might offer me 10% interest if I agree to give you a couple of billion ISK for 6 months. I'm not allowed to touch the ISK for 6 months - it's a fixed term deposit. That's the type of thing I would be very interested in. I have some spare ISK I would love to park into this sort of account. Note: those actual numbers are just for arguments sake - you get the idea. Edit: re-wrote it - didnt sound right first time round. Eve Corp and Fansite Web design, development and hosting services
Shadarle	Posted - 2008.01.16 06:11:00 - [64] As much as I wish they'd offer accounts for 5-7% interest I also can understand that they have no reason to do so. The reason to offer high interest accounts is to get more money. But currently they have to cap how much they get because they can't use it all. Just removing the limit on accounts would prob triple or more their total ISK (they have 100 bil now, correct?) Heck if they unlimited the accounts I'd prob throw 20 billion or more into them while I try to figure out what to do with it. I'd pull out a bit as I need it and put it back in as I make more. But that's just one person putting money into them... if 100 other people put in smaller amounts that is going to be a lot of money. So again, why should they increase their rates unless people stop giving them money? Tanking Setups Compared Stacking Penalty / Resists Explained
Astorothe Aperture Science Industries	Posted - 2008.01.16 06:18:00 - [65] Well at those kinda of rates your starting to near the rates of IPO's and such, which would have an interesting effect on the investment scene in Eve... Eve Corp and Fansite Web design, development and hosting services
Treelox Amarr Market Jihadist Revolutionary Party	Posted - 2008.01.16 06:25:00 - [66] Originally by: Shadarle So again, why should they increase their rates unless people stop giving them money? I got to agree with this. I think a lot of people fail to realise that this is not an investment, this is a bank. The risk is very very low, so the intrest is very low. This is where you put your rainy day fund, not where you put your long term investments. This is where you put those isk that you might need quickly. Now I would like to see some CD's or fixed term slightly higher ROI options in the bank. To me EBANK is like a your corner neighborhood bank, with BMBE and Fury Bank, being a lot more of a comerical bank in their approach. DISCLAIMER: It should be noted that while I may be one of the largest depositors in EBANK, those funds are normally what I would have kept in my wallet, they are the emergency fund. True "surplus" isk goes towards either expanding my operations or into long term investments, like bonds, stocks, and other opportunities that may arise. --
Astorothe Aperture Science Industries	Posted - 2008.01.16 06:34:00 - [67] Originally by: Treelox This is where you put your rainy day fund, not where you put your long term investments. This is where you put those isk that you might need quickly. On that I disagree. Any ISK I need quickly I keep in my wallet - there just really isn't any benefit of giving it to someone else (EBank) which always carries a risk. For me EBank is a low-return and low-risk investment. I threw as much ISK in there as they let me because I like to have a portfolio that covers low and higher risk investments. I'm hoping the account becomes unlimited so that I can put a lot more ISK in there and enjoy the profits for next to no work on my behalf. It's not a real bank at the end of the day - so I don't treat it like one. Eve Corp and Fansite Web design, development and hosting services
Jacob Mei	Posted - 2008.01.16 06:55:00 - [68] I dont know if this would be doable or wise but: Safety Deposit Box? The idea is that Player A has something that he wants/needs/etc to give to Player B that canÆt be done over a contract. Say for example Player B will be gone for longer then 2 weeks or something along those lines and Player A wont be around when Player B gets back, either right away or for good so contracting it to Player B isnÆt an option. So Player A contacts an Ebank Rep and asks them to hold Item X until Player B comes to claim it. Player A takes a guess at how long until Player B gets back and pays a holding fee or agrees to let Ebank take X amount from his account until the account runs out or until the item is claimed.
Treelox Amarr Market Jihadist Revolutionary Party	Posted - 2008.01.16 07:00:00 - [69] Originally by: Astorothe Originally by: Treelox This is where you put your rainy day fund, not where you put your long term investments. This is where you put those isk that you might need quickly. On that I disagree. Any ISK I need quickly I keep in my wallet - there just really isn't any benefit of giving it to someone else (EBank) which always carries a risk. I guess we disagree then.... For me the risk of EBANK is the same risk as my wallet. The odds of one scamming it away are lower than the other accidentally spending it. OFC its all faith based, and I fully understand your view of the risk that EBANK entails. Maybe I am smitten with the banks BoD and their setup, but in my own assestment of my risk exposure to EBANK, my isk are as safe as in my own wallet. --
Shadarle	Posted - 2008.01.16 07:11:00 - [70] Originally by: Astorothe Originally by: Treelox This is where you put your rainy day fund, not where you put your long term investments. This is where you put those isk that you might need quickly. On that I disagree. Any ISK I need quickly I keep in my wallet - there just really isn't any benefit of giving it to someone else (EBank) which always carries a risk. For me EBank is a low-return and low-risk investment. I threw as much ISK in there as they let me because I like to have a portfolio that covers low and higher risk investments. I'm hoping the account becomes unlimited so that I can put a lot more ISK in there and enjoy the profits for next to no work on my behalf. It's not a real bank at the end of the day - so I don't treat it like one. Your beliefs on what E-Bank is/should be aren't really the point. You have to look at it logically. Why should they pay you more than 3% if they can raise more money then they can possibly use and pay out only 3%? And then, if they need more, they could raise it to 3.5 or 4% and see if they get enough. If not they can bump it to 4.5%. Do you really think they should pay out more than they need to? Tanking Setups Compared Stacking Penalty / Resists Explained
Selene D'Celeste Caldari The D'Celeste Estate Dawn of Transcendence	Posted - 2008.01.16 07:16:00 - [71] Originally by: Fenderson one word: gambling!! Remember that I am on the board. That is your answer friend =)
Hexxx Minmatar	Posted - 2008.01.16 07:25:00 - [72] Originally by: Shadarle Originally by: Astorothe Originally by: Treelox This is where you put your rainy day fund, not where you put your long term investments. This is where you put those isk that you might need quickly. On that I disagree. Any ISK I need quickly I keep in my wallet - there just really isn't any benefit of giving it to someone else (EBank) which always carries a risk. For me EBank is a low-return and low-risk investment. I threw as much ISK in there as they let me because I like to have a portfolio that covers low and higher risk investments. I'm hoping the account becomes unlimited so that I can put a lot more ISK in there and enjoy the profits for next to no work on my behalf. It's not a real bank at the end of the day - so I don't treat it like one. Your beliefs on what E-Bank is/should be aren't really the point. You have to look at it logically. Why should they pay you more than 3% if they can raise more money then they can possibly use and pay out only 3%? And then, if they need more, they could raise it to 3.5 or 4% and see if they get enough. If not they can bump it to 4.5%. Do you really think they should pay out more than they need to? Actually...let me comment on this. In the past year I've observed the "market price" of investments on secondary markets rises untill the difference betwee price and dividend produces a rate of return around 4% to 5% per month. Sometimes it's even lower. It's also common knowledge that investment funds for investments exceed available investments....that is to say, there aren't enough IPO's and other investment vehicles to meet investor demand. This scarcity means that it's possible to raise substantial amounts of isk while offering a low rate of return (let's avoid the trust issue for now as that's outside the scope of my point). It all comes down to supply and demand...in this case, the demand for investments is higher than the supply of investments. This is what makes it possible for EBANK to raise large sums of money while paying relatively low interest rates. Honestly, EBANK needs a good reason to pay better rates....what we've seen so far (seriously) is that if we removed the cap, we'd keep taking on money. The cap is there so that we can grow in a substainable fashion. If EBANK does offer higher interest, it will be to raise money faster (EBANK's demand for money goes up, which increases the "cost" of that money) or as a courtesy to the market. Consulting, IPO Template, and Stock/Bond definitions.
Astorothe Aperture Science Industries	Posted - 2008.01.16 07:25:00 - [73] Edited by: Astorothe on 16/01/2008 07:33:26 Originally by: Shadarle blah blah blah My point is pretty simple, as I mentoned in my post at the top of this page. The suggested benefit to E-Bank would be a promise of no withdrawls by me - therefore less admin work for EBank. This might not seem like much, but multipled by all account holders and possible transactions I think it would be a lot. If they offered a term desposit I would use it. More % Interest for me - less admin for them. Win Win. Eve Corp and Fansite Web design, development and hosting services
Acidictadpole Dirty Deeds Corp. Axiom Empire	Posted - 2008.01.16 14:16:00 - [74] I skipped a few pages in this thread 'cause I have a decent idea but have little time left here and I don't want to forget it. What about a profile page based on how well people pay off their debt to EBANK or other members of it (that can be tracked). Kind of like a credit rating, and making it automated. This way when investing in things, it makes EBANK a possible information source of trustworthiness since that is probably the biggest issue when investing large sums of monies.
Lilan Kahn Amarr The Littlest Hobos Insurgency	Posted - 2008.01.16 16:34:00 - [75] a big arse scam, i woud love to see that produkt "Bringing Content to you 1 round of ammo at a time"
Shadarle	Posted - 2008.01.16 18:28:00 - [76] Originally by: Astorothe Edited by: Astorothe on 16/01/2008 07:57:59 Originally by: Shadarle ... Shad's monologue goes in here... Look, my point is pretty simple, as I mentoned in my post at the top of this page. The suggested benefit to E-Bank would be a promise of no withdrawls by me - therefore less admin work for EBank. This might not seem like much, but multipled by all account holders and possible transactions I think it would be a lot. If they offered a term desposit I would use it. More % Interest for me - less admin for them. Win Win. You are the one who mentioned interest numbers that were astronomically too high. If they raise their rate it would be by a tiny tiny amount. Right now they clearly do not need your money badly enough to give you any concessions for it. If that changes then you may get 3.5 or 4% per month. And if you deposit/withdraw money so often it becomes annoying they may just give you your money back and tell you to find another bank, heh. Or they could charge a small fee for doing so. They don't need to pay you more for your money since they can get more money than they need anyhow. They don't need to pay you more to keep your money in longer as they have other methods available to them as well. Tanking Setups Compared Stacking Penalty / Resists Explained
Hexxx Minmatar	Posted - 2008.01.16 19:46:00 - [77] Originally by: Shadarle Originally by: Astorothe Edited by: Astorothe on 16/01/2008 07:57:59 Originally by: Shadarle ... Shad's monologue goes in here... Look, my point is pretty simple, as I mentoned in my post at the top of this page. The suggested benefit to E-Bank would be a promise of no withdrawls by me - therefore less admin work for EBank. This might not seem like much, but multipled by all account holders and possible transactions I think it would be a lot. If they offered a term desposit I would use it. More % Interest for me - less admin for them. Win Win. You are the one who mentioned interest numbers that were astronomically too high. If they raise their rate it would be by a tiny tiny amount. Right now they clearly do not need your money badly enough to give you any concessions for it. If that changes then you may get 3.5 or 4% per month. And if you deposit/withdraw money so often it becomes annoying they may just give you your money back and tell you to find another bank, heh. Or they could charge a small fee for doing so. They don't need to pay you more for your money since they can get more money than they need anyhow. They don't need to pay you more to keep your money in longer as they have other methods available to them as well. Adding onto this point... The Bank needs money to make money. Right now, the Bank has been able to "buy" relatively cheap money...if the Bank raised it's rates, that cheap money would become less cheap. Using the principles of Supply and Demand....the supply of cheap money is more than alot of people realize. My personal guess is that EBANK could raise another 100 billion without raising it's rates. The higher the rates, the more expensive the money. And it doesn't make sense to buy expensive money when you can get it on the cheap. Consulting, IPO Template, and Stock/Bond definitions.
Astorothe Aperture Science Industries	Posted - 2008.01.17 03:13:00 - [78] Originally by: Shadarle You are the one who mentioned interest numbers that were astronomically too high. Looks like you didn't read my post properly. I said, and I quote: Quote: Note: those actual numbers are just for arguments sake - you get the idea. I get the feeling you just like arguing? Please stop misquoting me and bother someone else. I posted a simple idea, and if you don't like it - just move on and read something else. No need to get upset :) Ze logs show NOTHING! ~ Eve Corp and Fansite Web design, development and hosting services
Astorothe Aperture Science Industries	Posted - 2008.01.17 03:28:00 - [79] Originally by: Hexxx The higher the rates, the more expensive the money. And it doesn't make sense to buy expensive money when you can get it on the cheap. That makes perfect sense from the Banks POV. I guess you just levy some fees for withdrawls to balance things out - those who do not make transactions do not pay fees. One day customers may have a range of choices of trustworthy banks to put their money in - that's when I expect we'll start seeing better interest rates. From everything that's been said here, it would be in my best interest if there we're more "Ebanks". Ze logs show NOTHING! ~ Eve Corp and Fansite Web design, development and hosting services
Hexxx Minmatar	Posted - 2008.01.17 04:28:00 - [80] Originally by: Astorothe Originally by: Hexxx The higher the rates, the more expensive the money. And it doesn't make sense to buy expensive money when you can get it on the cheap. That makes perfect sense from the Banks POV. I guess you just levy some fees for withdrawls to balance things out - those who do not make transactions do not pay fees. One day customers may have a range of choices of trustworthy banks to put their money in - that's when I expect we'll start seeing better interest rates. From everything that's been said here, it would be in my best interest if there we're more "Ebanks". Again, to be clear, withdraw fees are simply a safe-guard against excessive withdraws. It protects our tellers and their sanity. To your main point...I agree 100%. It will take competing Banks to cause rate competition and I cautiously hope that competitors will arise. FuryBank is our main competition I think and right now both Banks are capped out. To get to a point where competition causes significant rate changes...not sure when that will happen. Again, alot of this is driven by simple fundamentals in the market. Demand for investments exceeds the supply of investments. I'm not sure what it will take for this to change. Consulting, IPO Template, and Stock/Bond definitions.
Bouncer Ricdic	Posted - 2008.01.17 04:46:00 - [81] Originally by: Hexxx Demand for investments exceeds the supply of investments. I'm not sure what it will take for this to change. Proton power's 500b IPO in a coupla months should help lighten people's wallets
Selene D'Celeste Caldari The D'Celeste Estate Dawn of Transcendence	Posted - 2008.01.17 05:31:00 - [82] Originally by: Bouncer Ricdic Proton power's 500b IPO in a coupla months should help lighten people's wallets Ricdic, how many times have I told you, use the right (#(^#$ characters to post with =P You alt-overloaded ***** you. <3 EBANK

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