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| Bank Policy; official policy | |
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| Topic Started: Feb 3 2007, 02:02 PM (718 Views) | |
| Mr.Hunt | Feb 3 2007, 02:02 PM Post #1 |
FBCC 4 EVR
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Bank Policy Bank Structure Transfers To and From Accounts Lending Procedure CC Transfer Amount Restrictions Organizational or Individual Conflict Bank Records Transfers Awaiting Approval Interest Calculation |
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| Mr.Hunt | Feb 3 2007, 02:03 PM Post #2 |
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FBCC 4 EVR
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Transfers to and from Accounts ---------------------- Transfers are considered complete once the transfer is listed as "Approved" |
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| Mr.Hunt | Feb 4 2007, 03:55 PM Post #3 |
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FBCC 4 EVR
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Lending Procedure -------------------------- When applying for a loan, clients should state the total amount, and let us know when they will be able to repay the account. The account manager will then make a loan offer, stating the loan credit limit and interest rate. Loans greater than $4,000 require Branch Manager or Bank Manager approval. Question: How does the FBCC decide who to lend to? Answer: Credit Limits Credit limits are determined on a per-account basis, contact your account manager with any questions. |
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| Mr.Hunt | Feb 5 2007, 04:50 PM Post #4 |
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FBCC 4 EVR
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Transfer Receipts ------------------------------ All transfers to or from a bank account should include a receipt, stating the sender, recipient, and date of the transaction. Note: these may be FBCC accounts, FBCC employees, or account holders. |
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| Mr.Hunt | Feb 9 2007, 01:24 AM Post #5 |
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FBCC 4 EVR
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Employee Ethics --------------------------- In the course of conducting bank business, employees may be privy to confidential financial information. Employees are expected to use this information only in the best interests of the bank and its clients, and should not disclose any private details to third parties, or use that information for personal gain (besides officially agreed fees or payments). Any employees acting in contradiction of these ethical guidelines will be removed from the bank and all measure will be taken to protect the welfare of the bank and its clients. |
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| Mr.Hunt | Feb 12 2007, 02:42 PM Post #6 |
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FBCC 4 EVR
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Bank Structure ------------------------ Shareholder Appointees: Chief Executive Officer Vice President Chief Financial Officer Secretary Departments: Savings and Loans Customer Service Couriers Clerks Personnel Advertising Board: Department Heads Bank Manager Central Accounting Shareholder Appointees |
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| Central Accounting | Feb 14 2007, 11:52 PM Post #7 |
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CC Transfer Amount Restrictions ------------------------ It is only possible to have 5 transfers in a 10 day period to one Citizen. It is not possible to have more than 1 transfer between 2 citizens during a 10 day period. Fortunately the FBCC circumvents the second restriction with the coordination of our transfers B) |
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| Mr.Hunt | Apr 19 2007, 06:18 AM Post #8 |
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FBCC 4 EVR
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Organizational or Individual Conflict Policy ------------------------------ a) In times of conflict banks can provide important security and reliability that will be to the benefit of the client, the organization, and the general public. b) The FBCC and its wholly owned subsidiaries are an entity separate from all other factions, organizations, and groups. c) Bank employees may be unable to perform certain duties due to conflicting agreements. The bank is aware of this possibility and will seek to structure employee activities in accordance with employee's best interests. d) The bank asks all employees who have a conflict or who think they may have a conflict please contact bank management. The bank will work with employees to find a mutually agreeable solution. |
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| Mr.Hunt | Apr 26 2007, 04:09 PM Post #9 |
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FBCC 4 EVR
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Bank Records ------------------------------ In general it is the desire of the bank to provide details of bank records whenever possible. However, due to the nature of business and banking, we are unable to records relating to an account to anyone besides the account holder. The only exceptions exist when the account holder agrees to make records available, or by legal subpoena. |
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| Mr.Hunt | Dec 31 2007, 07:26 PM Post #10 |
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FBCC 4 EVR
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Transfers Awaiting Approval ------------------------------ Transfers from the bank that are not accepted within five (5) days are subject to cancellation (and refund). |
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| Mr.Hunt | Feb 8 2008, 02:00 PM Post #11 |
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FBCC 4 EVR
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Interest Calculation ------------------------------ Interest is compounded continuously. Official rates are given as Annual Percentage Yield (APY), and may be shown in other formats as well. The value of deposits and withdrawals are calculated: Posted Image Where P is the principal amount, e is the base of the natural log, R is the rate per period, and T is the time (in the same units as the rate's period), and A is the final amount. R is based on the APY shown in http://z10.invisionfree.com/First_Bank_of_...?showtopic=1958 R=ln(APY+1) T is the compounding period of 1 year. 1 year defined as 31 556 926 seconds or 365 days, 5 hours, 48 minutes, and 46 seconds |
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1:58 AM May 20