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Banks "What are they?"


CanPatriot
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Hello Orbis, i have recently joined the ranks of many nations and begun my ascent. However some of the less explained concepts of the game still seem unclear. I have recently heard of these "Banks" and have yet to fully understand them. If anyone could be as so kind as to explain what it is they do and how they work?

 

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Guest Zephyr
2 hours ago, CanPatriot said:

Hello Orbis, i have recently joined the ranks of many nations and begun my ascent. However some of the less explained concepts of the game still seem unclear. I have recently heard of these "Banks" and have yet to fully understand them. If anyone could be as so kind as to explain what it is they do and how they work?

Banks may refer to either:

  • Alliance Banks
    Each alliance has a bank that may contain cash and resources (except credits) which can be withdrawn from by authorised members of the alliance's government. Any member in the alliance can deposit to their alliance's bank as well as any other bank being able to deposit to it, however foreign nations cannot directly deposit to the bank of an alliance they are not member to. If the alliance collects taxes from its membership, the taxes will be deposited to the alliance bank during each turn change (every 2 hours).
     
  • Player Run Banks
    Similar to real world banks they may offer loans, savings accounts and even options to invest in the bank by purchasing shares. These banks may not actually exist as an organisation in the game as they are entirely player driven and operated at the discretion of the players involved (that means the services they provide and how they choose to function may vary significantly). For example a nation may operate a 'bank' but simply have produced a logo, Discord server and documentation outlining services and service contracts, but may actually just use their nation or various participants' nations to coordinate transactions for the 'bank' (though they may also operate an in-game alliance for these purposes as an alliance bank makes transactions more convenient; an alliance bank cannot be blockaded and transactions occur immediately without requiring action from the other party unlike the alternative of inter-nation trading). Banks have no legal obligation as per the game rules to fulfil the expectations of any service you engage with them, therefore it's important that you either trust the individuals operating the bank or only risk as much personal wealth as you can handle losing. Banks have failed for various reasons in the past and customers and investors have lost money as a result, so it does have risks.

It sounds like you are referring to the latter.

Edited by Zephyr
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Guest Zephyr
57 minutes ago, CanPatriot said:

@ZephyrThank you, i was referring to the "Player Run Banks" I am unclear how they were to function completely and how i would know my holdings were secure. Are their any reputable banks that are fairly secure?

Unfortunately I'm out of touch with the current banking scene so I couldn't say who's around or how good they are, but a Discord server that may be useful joining is The Orbis Portal: https://discord.gg/5UJ26cx It is a player run server that supposedly specialises in being a one-stop-shop for Discord links to P&W related Discord servers; it has a channel for bank Discord links. I don't know if they require players to pay them to get listed, so it may be incomplete, but it appears to list quite a few banks there.

The important thing to remember is banks make their own rules and there's no legal recourse if they decide not to play by those rules, so do your research and only gamble what you can afford parting with.

Now would be a good time for someone more up-to-date with the current bank scene to chime in with recommendations.

Edited by Zephyr
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There is always a risk when you give someone else your money to hold for you.  The question you have to ask yourself is will the small percentage of return you will see on your money be worth it to you in case something happens and your money gets stolen.  The player run banks will tell you that your money is safe, but their have been cases when banks have been stolen, and people have taken out huge loans and refused to pay it back.

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On 3/26/2020 at 11:04 PM, CanPatriot said:

Hello Orbis, i have recently joined the ranks of many nations and begun my ascent. However some of the less explained concepts of the game still seem unclear. I have recently heard of these "Banks" and have yet to fully understand them. If anyone could be as so kind as to explain what it is they do and how they work?

 

Lemme help you with that (I run Cobalt Banking).
Although I see Zep has already explained how they work so Ill just give you some best options...

Cobalt (My bank) https://discord.gg/c6Tnpd9
Spera https://discord.gg/Pz64Vpv
Bank of Rohan https://discord.gg/mfhb2WM

In my opinion those are the top banks in Orbis rn. Feel free to look around more and investing is very profitable.

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To whom it may concern, I do not represent The Immortals unless explicitly stated (ergo, never.)
<--- I hardly use the forums anymore, add me on discord.

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