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Announce News Post #2571

Four big changes relating to banking and gold

Written by: Clementius, the Weaver
Date: Monday, July 30th, 2007
Addressed to: Everyone


Today we've Woven four big changes related to banking and gold.

1) Gold cons/scams are illegal now too. See HELP SCAMS at the end for a
bit more detail.

2) You can now deposit directly to another person's account. Just go to
the bank where your friend's account is, have the money in hand, and:

DEPOSIT 100 GOLD TO Mybuddy

3) You can now use bank transfers to move money directly from your bank
account to another person's or organisation's account, even in another
bank. Just go to your own bank, and:

BANK TRANSFER 10000 GOLD CIJ CYRENE
BANK TRANSFER 400 GOLD TO MYPAL ELEUSIS

4) Banking fees are now reduced to 0.5% (that's one fourth of what they
used to be, or about 1 gold for every 200 withdrawn or bank
transferred).

Fees are still levied at withdrawal time, reducing what you receive (so,
for example, if you withdraw 1000 gold, the fee of 5 gold would be
deducted, meaning that your account balance would be reduced by 1000,
but you would end up with only 995 gold in your hands).

Fees are also levied at transfer time, but they don't reduce what gets
transferred. So if you transfer 1000 gold to someone else, they'll get
the whole 1000, and your bank account will be reduced by 1000 plus the 5
gold fee.


Why?
----
Why are we doing this? These things all came up as we considered the new
credit market policy. Seemed like it was about time to give a bit more
protection and convenience in handling gold, whether we use the new
system or not.

Penned by my hand on the 3rd of Glacian, in the year 456 AF.


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Announce News Post #2571

Four big changes relating to banking and gold

Written by: Clementius, the Weaver
Date: Monday, July 30th, 2007
Addressed to: Everyone


Today we've Woven four big changes related to banking and gold.

1) Gold cons/scams are illegal now too. See HELP SCAMS at the end for a
bit more detail.

2) You can now deposit directly to another person's account. Just go to
the bank where your friend's account is, have the money in hand, and:

DEPOSIT 100 GOLD TO Mybuddy

3) You can now use bank transfers to move money directly from your bank
account to another person's or organisation's account, even in another
bank. Just go to your own bank, and:

BANK TRANSFER 10000 GOLD CIJ CYRENE
BANK TRANSFER 400 GOLD TO MYPAL ELEUSIS

4) Banking fees are now reduced to 0.5% (that's one fourth of what they
used to be, or about 1 gold for every 200 withdrawn or bank
transferred).

Fees are still levied at withdrawal time, reducing what you receive (so,
for example, if you withdraw 1000 gold, the fee of 5 gold would be
deducted, meaning that your account balance would be reduced by 1000,
but you would end up with only 995 gold in your hands).

Fees are also levied at transfer time, but they don't reduce what gets
transferred. So if you transfer 1000 gold to someone else, they'll get
the whole 1000, and your bank account will be reduced by 1000 plus the 5
gold fee.


Why?
----
Why are we doing this? These things all came up as we considered the new
credit market policy. Seemed like it was about time to give a bit more
protection and convenience in handling gold, whether we use the new
system or not.

Penned by my hand on the 3rd of Glacian, in the year 456 AF.


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