1. Any being, living or unliving that resides on Erdreja and has its home on Erdreja may have a Bank Account. (Beings from other worlds/ planes may only have an account if they reside on Erdreja for no less than 330 days in any one-year).
2. Personal accounts (both sole and group) will be credited with interest calculated on a daily basis and paid at the end of each quarter (March, June, September, and December). If the interest payment date falls on a day when one of the major events is being run, interest will be backdated, however, accounts closed during this period will receive no interest. Please see point 4 below with regards to wills.
3. A signatory added to a sole account does not become the account holder unless the account is made into a joint account. Only an account holder may add or remove a signatory.
4. Group accounts are encouraged and earn the same rate of interest as sole accounts. Unless otherwise stated, any signatory of a group account may add another signatory. If all signatories of a group account die, the account will be treated as if it was for a sole account.
5. Wills must be lodged with Bank of Erdreja before the death of the account holder(s) for us to be able to act upon instructions contained therein. If a sole account holder or all signatories on a group account die and no Will has been lodged with the Bank of Erdreja, the account will be deemed intestate. Intestate accounts become the property of the Bank of Erdreja.
6. Loans may be drawn only with the approval of a Faction Leader or Guild Leader. Please note that normal signatories for accounts held on behalf of the Factions or Guilds may not authorise a Loan unless they are the Faction Leader or Guild Leader. Loans incur a draw down fee and are charged one years interest at the date of draw down. Loans have a one-year duration and must be paid by the end of the first day of the following year's Gathering. A loan taken out at the Heartland Games, Moot, or Gathering would not need to be repaid until the following year's Gathering. Loans may be renewed with the approval of a Faction Leader or Guild Leader. Renewed Loans do not incur a draw down fee but are still charged interest at the prevailing rate.
7. Items placed of Safe Deposit may only be withdrawn at one of the major events. Each item must be stored in a separate box, however, several documents may be bound together as single item. Storage fees accrue at the start of each quarter (January, April, July, and October). Items may not be withdrawn until all outstanding fees are paid.
8. Faction accounts will be maintained free of charge on behalf of Factions unless they go overdrawn.
9. Guild accounts will be charged a percentage' on their credit turnover each year. This will be charged at the end of each quarter.
10. Overdrawn Faction and Guild accounts will be charged interest at the prevailing rate.
11. Items Leased by the Bank of Erdreja remain the property of the Bank of Erdreja.
12. Items Brokered on behalf of a client become the property of the Bank of Erdreja if the fee due are not paid under the terms of the contract.
13. Monies invested in schemes brokered by the Bank of Erdreja are done so at the risk of the client. Please note that the value of investments may go down as well as up. The Bank of Erdreja will not be held liable for any losses incurred by its clients.
14. The Staff of the Bank of Erdreja promise not to become politically involved with the Factions and Guilds of Erdreja. In this way we are able to treat all our clients equally and fairly.
15. We promise that we will act fairly and reasonably in all our dealings with you.
16. The information held by us will remain confidential. The information will only be given to another person with our clients express and freely given written consent. An account is the property of an individual or group and not a Faction (unless a Faction designated account).
17. Accounts that see no activity other than activity performed by the Bank of Erdreja for period of three years will be deemed to be dormant. Dormant accounts will be closed but can be reactivated by the account holders.
