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Daelen | Sat 20-Jan-07 05:55 PM |
Member since 02nd Nov 2006
51 posts
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#16092, "RE: Bank fee's"
In response to Reply #0
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This is pretty much how the medicci's started it all. You pay us to hold your money, we give you a letter. You take the letter with you to any place run by us and you can exchange it for local coin minus our fee. The fee is for the fact that you aren't walking around with pounds of gold for robbers to take. There weren't alot of literate highwaymen/bandits back in the early days of it, so it turned out to work really well.
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incognito | Sat 20-Jan-07 05:13 PM |
Member since 04th Mar 2003
4495 posts
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#16090, "Welcome to why I closed my Coutt's account"
In response to Reply #0
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They charged me £64 per quarter (minimum) and paid no interest.
Once upon a time it was worth it because your Coutt's card got you things that you otherwise couldn't get (think similar to being a celebrity and wanting a table in a full restaurant when you turn up). Now they've messed up repeatedly and are just not worth it.
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Elerosse | Fri 29-Dec-06 04:11 AM |
Member since 01st Nov 2006
423 posts
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#15725, "RE: Bank fee's"
In response to Reply #0
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The coin in the bank is the only way to gaurantee you will have anything left after you die, the roughly 6.5% fee is not that much for such security which is of course what you are paying for. Don't look at it as a regular banking system like you use today but more like you are paying someone to safeguard your coins and nothing more. As for interest, I have never once seen that used in a mud where it was a good thing for the commerce system.
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