It's the Grand Opening! WAY earlier than expected!

Do you want an easy way to earn Viz with little or no work? Do you plan on leaving for a while, but still want a way to earn Viz while you're gone? Just deposit it into V-Bank. 

Bank Manager: Zeldisaster

Want to be part of V-Bank?

Here's how it works: 
1. Simply reply to this thread saying you want an account. Make sure you have 2,000 Viz on hand before replying (this required minimum is in your best benefit - any less and there would be no point in earning Interest).
2. The Bank Manager will PM you the V-Bank User Contract, which outlines every term and detail you could possibly ask about. 
3. You "sign on the dotted line" as its called, and invest an initial deposit into your account. The Wiring PM is used to keep track of your account. It guarantees accuracy in the handling of your hard-earned Viz. 
4. The Bank Manager will keep track of every single Viz that is deposited into your account. The main information will be kept public and updated every week, so you will always be able to moniter your own account at any time. 

Interest starts out at 0.5% per month, and it's applied at the 1st of every month, to make everything easier. However, anybody can apply for a Raise-Interest Note (RIN) if 0.5% isn't enough. These notes permanently raise the Interest that is applied to YOUR ACCOUNT ONLY, every single month as long as you have an account. Details of the RIN's are further defined in the Contract. 

Costs are as follows: 
RIN 2% : 1,000 Viz 
RIN 5% : 2,500 Viz
RIN 8% : 4,000 Viz
RIN 10% : 5,000 Viz 

If there is any questions you want to ask, just ask either through PM or through reply (preferably PM but I don't mind either way). 

If all accounts are taken, aspiring users will be placed on the Hold List. First come, first serve. Once an account opens up, users on the Hold List will be sent the Contract and have Two (2) Days to reply. Failure to sign the Contract removes the member from the Hold List.

With the Grand Opening, here's a list of the new changes:
- 20 Account Slots.
- RIN 2.5% changed to RIN 2%.
- New RIN 8%.
- 100,000-Viz Maximum Deposit
- No Balance Maximum; once Maximum Deposit is reached, additional deposits roll over into Bonus Balance.
- Fund Transfer (Transfer Viz from your Balance virtually anywhere)
- Viz Vault (for emergencies - donations always welcome).

So just reply to this thread and start earning tons of interest in V-Bank!

Here are the accounts and the Hold List status (This is the post that will be updated most often) so here it is:

-----
LAST UPDATE: 11/8/12

NOTICE: Hold List removed. No longer accepting Applications unless a new Bank Manager is appointed. My deepest apologies for this inconvenience.
-----

Account 1: pokemon x
Last Deposit Date: 7/5/12
Deposit Balance: 15,919
Bonus Balance: 0
RIN Status: None
Fee History: No fees

Account 2: Seishiro Leonhart
Last Deposit Date: 7/23/12
Deposit Balance: 85,982
Bonus Balance: 0
RIN Status: None
Fee History: No fees

Account 3: soxfan849
Last Deposit Date: 5/4/12
Deposit Balance: 6,750
Bonus Balance: 0
RIN Status: None
Fee History: No fees

Account 4: mitchelw
Last Deposit Date: None
Deposit Balance: 2,020
Bonus Balance: 0
RIN Status: None
Fee History: No fees

Account 5: Stevie 764
Last Deposit Date: 6/25/12
Deposit Balance: 28,025
Bonus Balance: 0
RIN Status: None
Fee History: No fees

Account 6: SilverMaestro
Last Deposit Date: 5/8/12
Deposit Balance: 5,648
Bonus Balance: 0
RIN Status: None
Fee History: No fees

Account 7: megamanmaniac
Last Deposit Date: None
Deposit Balance: 24,000
Bonus Balance: 0
RIN Status: None
Fee History: No fees

Account 8: silverthundr
Last Deposit Date: 5/20/12
Deposit Balance: 43,025
Bonus Balance: 0
RIN Status: None
Fee History: No fees

Account 9: big fat cat
Last Deposit Date: 5/20/12
Deposit Balance: 30,750
Bonus Balance: 0
RIN Status: None
Fee History: No fees

Account 10: tdogthegreat
Last Deposit Date: 5/27/12
Deposit Balance: 2,050
Bonus Balance: 0
RIN Status: None
Fee History: No fees

Account 11: epicpokenerd
Last Deposit Date: None
Deposit Balance: 20,200
Bonus Balance: 0
RIN Status: None
Fee History: No fees

Account 12: AuraBlaze
Last Deposit Date: 5/31/12
Deposit Balance: 94,135
Bonus Balance: 0
RIN Status: None
Fee History: No fees

Account 13: Pro_Master
Last Deposit Date: 6/2/12
Deposit Balance: 2,040
Bonus Balance: 0
RIN Status: None
Fee History: No fees

Account 14: Matthew2321
Last Deposit Date: 6/26/12
Deposit Balance: 3,680
Bonus Balance: 0
RIN Status: 0
Fee History: No fees

Account 15: Careidina
Last Deposit Date: 6/11/12
Deposit Balance: 24,480
Bonus Balance: 0
RIN Status: None
Fee History: No fees

Account 16: diabeticzach
Last Deposit Date: 6/20/12
Deposit Balance: 13,070
Bonus Balance: 0
RIN Status: None
Fee History: No fees

Account 17: DarkPower 508
Last Deposit Date: 6/26/12
Deposit Balance: 74,850
Bonus Balance: 0
RIN Status: None
Fee History: No fees

Account 18: None
Last Deposit Date: None
Deposit Balance: 0
Bonus Balance: 0
RIN Status: None
Fee History: No fees

Account 19: None
Last Deposit Date: None
Deposit Balance: 0
Bonus Balance: 0
RIN Status: None
Fee History: No fees

Account 20: None
Last Deposit Date: None
Deposit Balance: 0
Bonus Balance: 0
RIN Status: None
Fee History: No fees

I would like to join for the 5k Viz thing with 2k entry for a total of 7k?

pokemon x : I'll PM you the Contract and put you down for the RIN 10%, since I assume that's what you mean lol

Sign the contract and you'll fill the first slot.

I would like to sign for RIN 10% with a deposit of 20k Viz.

Seishiro.Leonhart : Contract sent, but read section 1 before signing, please.

Looks like two slots will soon be filled.

Interesting thread and genius idea! This will for sure help out members in need of Vizz! Will you be able to keep track of all the information yourself?! As a moderator of this forum, I wanted you to know that!

If there's an available slot, I'll take it, although I REALLY don't need it. If I do get accepted, I will give it to a more deserving person because as I said, I really don't need it.

YourMajestyKen : Yeah, almost positive I can keep track of all this. It's only 5 accounts (so far).

Contract sent. Please sign it properly. And giving an account away isn't as easy as it sounds, but it does give me an idea... Account Transferral? Sounds good. Look for that when the Beta Trial is over.

I got an extra 992 Viz laying around why the f*** not ?

Zeldisaster :
*Seishiro Leonhart carefully read the contract thrice to understand everything 100%, he then grabs the pen and writes his name on the bottom of the page*
"Here it is, it's signed, now for the payment and deposit"
*Seishiro grabs a medium sized bag with the Viz symbol on it and places at the manager's desk*
"There is 10,000 Viz here, for the payment, the RIN, and my deposit"

Seishiro.Leonhart : Lmao yeah, that's the jist of it. Your Initial deposit was 10g. 5g was deducted for the RIN and the rest is in Deposit for you to withdraw/increase whenever you choose (Just drop me a PM or something). And if there's any questions you have, feel free to ask.

pokemon x : Same for you, except your initial deposit was 7g.

Ah you limited the number of accounts. I knew you said you put a lot of thought into this, but that was definitely a good move. Anyway, I'd like to buy one of the open accounts. Would it be possible to put 10,000 in and then spend another 5,000 to raise the interest, or does the money used to raise the interest have to come from the account?

soxfan849 : Sign the contract and you've got yourself an account. And yeah, if you send 15,000, then the 10,000 will become your Balance.

I'm actually considering an age limit for this... Or a Power Level restriction. Depends how this goes.

Zeldisaster : Hmm... I think I make a maximum deposit, but, I would like to know, the maximum amount of Viz we can have or get on our account is 10,000 Viz? Or with the interest the amount can increase?

*Seishiro Leonhart brings another bag with the Viz symbol containing 5,000 Viz and places on the manager's desk*
"Well, I think I will make a maximum deposit, the higher the money deposited, the more money I can get, I'm not on much need of Viz this moment, so, here it is"

Seishiro.Leonhart : Thats exactly right. Interest will continue, you just can't deposit anymore unless you withdraw first. Your Deposit has been added, meaning you'll now have the maximum amount of interest possible (for Beta Trial at least)

Btw awesome story you're painting with the comments. You've got the idea to the T.

*swipes Viz sack from counter and drops it in an iron vault in the back, labeled -Seishiro-*

Zeldisaster : Uhh... How much time until I receive interest?

Seishiro.Leonhart : Interest is calculated all at once at the 1st of every month, for ease and consistency. Good things come to those who wait. Calculating it all now isn't fair to the future people who make an account this month, since they wouldn't get that benefit later in the month. Sorry, this is just the easiest and fastest way to do things.

*remembers your comment about reading the contract three times. Drops head in shame* jk

Here is what I think of Vizzed Bank:

1. How many people in real life get a bank account to earn interest on money? I don't, I end up using all my savings money. My bank actually transfers money from checking to savings account randomly and its kinda annoying when you need it in your checking.

2. The interest rates are so low that it seems a bit useless to even invest it in a bank. Even 10% of 5000 Viz that is only like 500 Viz interest per month if I am reading this all correctly. People can easily earn 500 Viz by logging in for 5 days of the month, people can also earn 500 Viz in no time by posting.

3. It seems like a pain to manage this, I would actually prefer if your idea was implemented as a feature. Basically if you had a vizzed bank account you would have a savings and checking account and it would do the interest automatically. It could also give people the ability to get loans from bank.

Not a bad concept its just the fact that its all manually done seems like a big draw back and what happens if you are too busy? The bank will go bye bye.

In terms of earning Viz I wouldn't focus it on earning it from interest in a bank account. If people really want to earn some Viz in a interesting way we should start a gambling feature where you could make bets on how many members join today, how many people will post in a certain thread or forum for the day etc... I also had Vizzed Lotto concept where there would be a daily lotto, people would insert Viz drawings and at end of day 1 person would win all the Viz.

Things like this though need a feature or it becomes too complex, too confusing, and too time consuming for you and others. People put money in bank account to buy stuff with credit cards and maybe to earn interest but with your idea the only benefit is earning interest and I'm not sure that its even worth it for you or others considering people can earn that interest in no time by being active on site.

The only real benefit I see here is if you invest lots of Viz and camp on it for a year. 10% on 100,000 Viz would be 10,000+ Viz a month by the end of the year you would have doubled your Viz But 10% of 5000 viz, whats the point of that lol. If you plan to camp then it is good but who here is going to have that sort of patience? That is the question.

JigSaw : Some of what you say is true to an extent, but there's things you didn't consider:

First- This is only a Beta Trial to test the idea, and so far it's working.

Second- It's not complex at all once everything is laid out. I calculate everyone's Interest at once one day of the month, which would take ten minutes. I'm never too busy for that. The rest (deposit/withdraw) is all done through PM as soon as I see it. Yes, it would be easier as a feature, but coding on this level is intense and the Staff didn't want to be responsible for any potential problems. So I took the burden and added failsafes.

Third- The Interest is ridiculously low for the first month, but the Beta Trial is only for the first month (meaning crap interest is only applied once, if that) and in comparison to a real bank, the Interest is still tremendous (last I heard, a bank's interest is 0.25%) Mine's double, with potential to raise to 10%. Once the full Bank launches in about a month, and the new 100g Maximum Deposit is applied, it will definitely be worth it, as you've already pointed out. As it stands, 10% of 10,000 is still a grand. Over a year your Viz is more than doubled for almost no work whatsoever (as far as posting, logging in, etc).

Fourth- If I ever think I'll be too busy to keep this running, one of the first failsafes I created was the Bank Manager title aka ownership can easily change hands. And the main information is public thus easy to keep track of. It's all laid out in the open. Really simple actually.

But I do appreciate your opinion.

Meh i'm bored So give me a bank account... I'd like the Highest intrest rate as well so that's 7k total