Banking Rules

Banking is a key part of the GFSN economy. Players are expected to use official banks for loans, savings, and other financial activities.

Overdrafts and fees

• If a checking account goes negative and stays that way, overdraft fees may be charged.
• Repeated overdrafts can lead to larger fines and a lower credit score.
• Overdrawn accounts may also accrue extra interest over time.

Loans

• All loans must go through official licensed banks.
• Private loans between players are not allowed.
• Most players can get an instant loan up to $300K.
• Larger loans, such as mortgages or business loans, may require more paperwork, a solid plan, and bank approval.

Loan collateral

• Large loans may require collateral, such as land or other approved property.
• Players must clearly explain how they plan to use the loan when applying.
• Incomplete or unclear loan applications may be denied.

Savings accounts

• Players can place money into savings accounts and earn interest.
• Savings interest is paid monthly when the main checking account is in good standing.
• If a player has an outstanding loan, the savings interest rate may be lower until the loan is paid back.

Certificates of deposit

• CDs may be offered by banks for higher returns.
• These accounts usually require the money to stay invested for a set period.

Other financial services

Official GFSN channels are the only acceptable place for banking, loans, and other financial services. Anything outside those channels should be treated as a scam.

Negative accounts

If an account remains negative for too long, the bank may suspend, liquidate, and remove it. Players may lose assets and return with no starting funds.

Becoming a bank

To apply for a banking permit, a player must meet the required credit score and minimum capital requirements. Interest rates for loans are set by the banking commission and are based on the borrower’s credit score.

Credit score ranges

Credit scores affect the minimum interest rate a borrower may be charged. Lower scores usually mean higher rates, while stronger credit can lower the cost of borrowing.