Banking

Banking

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Overview:

Banking is an advanced feature of CC. With the banking feature you can create up to 3 different bank accounts, manage them, and quickly retrieve their balances.

Accounts:

Accounts are places where you can store, deposit, and withdraw your nation's funding. There are 3 different bank account types: 'Savings', 'Checking', and 'Investment'. You may have one of each account type.

Savings:

Savings Accounts are for long-term storage of funds. You receive 0.001% interest per week on the funds in a savings account. There is a 5% penalty for withdrawing money from this account. The 5% is 5% of the money being withdrawn and is taken directly out of that money. (So if you withdraw $100,000,000 you will be given $95,000,000 and the remaining $5,000,000 will be taken by the bank.)

Checking:

Checking Accounts are for short-term storage of funds which are usually used to pay expenses. There is no interest for this account. There is no fee for withdrawing funds.

Investment:

Investment Accounts are for investing your money into The Military Commonwealth. The amount you invest into this account is loaned to the regional government. The amount entered is based on shares. You can purchase a MAX of 1,000,000,000 shares. Shares may not always be available. The amount of shares available is the population of The Military Commonwealth * 1,000,000,000. The share price is population of The Military Commonwealth / 100. To calculate the price for your purchase multiply the amount of shares you are purchasing by the population/100
NOTE: If you purchase the last available shares when there are 24 nations, and the next day it falls to 23 nations, your shares will not be confiscated.

(So if there are 30 nations in TMC when you purchase 1,000,000 shares (price $300,000) , and 3 days later there are 40, you will have gained $100,000)