Welcome to the information page for EcoCityCraft’s newest bank, EcoCity Bank.

Why EcoCity Bank?

EcoCity Bank aims to be the most trusted bank on EcoCityCraft while offering highly competitive rates. EcoCity Bank is founded and operated by 3point, a 7 year old member of the server with a formal mathematics, economics and finance background. A constant innovator on ECC, 3point is one of the most successful legacy players of the server, the only person to have obtained all medals, inventor of the double dirt tree method, feared former #1 SG player, and experienced in holding $15+ mil in liquid cash. He means business when it comes to doing business.

Safe to say, when you do business with EcoCity Bank, money is properly taken care of.

All business operations are fully transparent and can be viewed in the following google spreadsheet: http://tinyurl.com/ecocitybank

Services Offered
EcoCity Express Card (Credit Card)

Would you like to take out loans and repay at your own pace?

Say goodbye to traditional loans.

EcoCity Bank is proud to introduce the first of its kind loaning on demand credit card service. No longer will you have deal with pesky contracts and screenshots whenever you need extra money. With an EcoCity Express Card, you will be able to obtain an instant loan at any time of the day, 24/7, no questions asked.

Once you qualify for an EcoCity Express Card, you will be required to sign a contract with your personalized terms and conditions. Upon completion, you will be set up with a credit card vault.

Why is this great to have?

• Excellent source of emergency fund
• Self-serviced: can acquire loan without contacting other users
• You are not obligated to use your card, there are no inactivity fees
• Great source of instant money should unique in-game opportunities arise (i.e. andrew doing starcasino promotion, huge lottery, in-game events, etc)

Important Information

· Interest Rate: 9-24%
The standard interest rate you pay on all loans.

· Credit Limit: $5,000-$100,000
The maximum loan you can take out at any time.

· Carryover Fee: 14%
Carryover Fees apply to the balance owing at the end of each Sunday.
Every week, at Sunday between 10-11:59 PM EST, your outstanding credit balance will be recorded. If at this time you have a credit balance owing, you will be required to pay a 14% fee on the balance owing. This fee must be paid in full by the end of the next Sunday. Any outstanding fees will be made clear to you via forum email, http://tinyurl.com/ecocitybank, and in the credit vault room.

· If you fail to pay back carryover fees for more than 2 consecutive weeks in a row, you will forfeit access to your credit vault and your EcoCity Express Credit Card, and will be required to pay back your entire balance owing plus outstanding fees in full within 2 weeks of notice. Failure to do so will result in necessary server punishment.

The best part? There is no repayment due date on the loan. Pay back whenever you want. The only due dates are on carryover fees.

How does an ECE Card work exactly?

EXAMPLE:
On Monday, Bob opens up an EcoCity Express Card. He qualifies for a 10% interest rate and a $100,000 credit limit.
On Tuesday, Bob takes a loan of $50,000 using the credit vault. Bob has a balance owing of $50,000 + $5,000 (10% of 50000) = $55,000.
On Wednesday, Bob feels like loaning more money. Not a problem, as Bob takes out another $30,000 using the credit vault. Bob owes an additional $30,000 + $3,000 = $33,000. In total, Bob now has a total balance owing of $55,000 + $33,000 = $88,000.
On Saturday, Bob decides to repay some of his loan. He repays the vault $66,000. Therefore he still has another $22,000 balance owing.
On Sunday at 11pm EST, 3point checks Bob's vault and sees that Bob has a balance owing of $22,000. Bob is charged a 14% carryover fee on the balance owing, which equals $22,000 * 14% = $3080, due in 1 week.
By the end of next Sunday, Bob is only obligated to pay back $3080. Bob can choose to pay back the remaining $22,000 at any time, and can continuing borrowing and paying back on his own terms as long as the carryover fees are paid in full each week.

What Credit Limit and Rates do I qualify for?

To determine your eligible limits and rates, calculate your personal credit score by adding up the following points:

Features
$501-1000: 1 point
$1001-$1500: 2 points
$1501-$2000: 3 points
$2001-$2499: 4 points
$2500+: 5 points

Current Rank
Tycoon: 1 point
EcoLeader: 2 points
EcoMaster: 3 points
EcoLegend: 4 points

Legacy Rank
Tycoon+: 1 point
EcoMaster+: 2 points

Prestige
Add x points if you have x number of prestiges.

Length of time on server
1-2 years: 1 point:
2-3 years: 2 points
3-4 years: 3 points
4-5 years: 4 points
5+ years: 5 points

Never been banned for loan scamming?: 3 points

Staff Perks
Prior Staff Member: 2 points
Current Moderator: 2 points
Current Supermod+: Automatically Qualify For Lowest Rate

You can qualify for the following:
12+ points: 9% interest rate, up to $100,000 credit limit, 14% carryover fee
11 points: 10% interest rate, up to $100,000 credit limit, 14% carryover fee
10 points: 11% interest rate, up to $100,000 credit limit, 14% carryover fee
9 points: 12% interest rate, up to $100,000 credit limit, 14% carryover fee
8 points: 13% interest rate, up to $50,000 credit limit, 19% carryover fee
7 points: 14% interest rate, up to $50,000 credit limit, 19% carryover fee
6 points: 15% interest rate, up to $30,000 credit limit, 19% carryover fee
5 points: 18% interest rate, up to $25,000 credit limit, 24% carryover fee
4 points: 21% interest rate, up to $20,000 credit limit, 24% carryover fee
3 points: 24% interest rate, up to $5,000 credit limit, 24% carryover fee
NOTE: These are just guidelines and the rates and limits that you are offered may vary at our sole discretion.

Every month, you can request to lower your credit rate and/or increase your credit limit. This will be granted based on how you've kept up with repayments.

If you have been banned for loan scamming within the past 2 years, you automatically are ineligible to qualify.

Vault Security

All vaults are located in the town enchanted. These vaults be personally encrypted by the cardholder so that only cardholders will have access to them. Logblock will be used to settle any potential disputes.

Refer-A-Friend Program

As an EcoCity Express Cardholder, get $1000 for each successful referral.

Application

To apply for an EcoCity Express Card, fill in the following application. You will receive an acceptance with further details in your forum inbox, or a rejection.

Spoiler: Credit Card App

IGN:

Game Rank:

Donation Amount (do /myfeatures in skyblock, main, and vmr):

EcoCity Bank will do its own due diligence in thoroughly searching your past loan behaviour, calculate your interest rate and credit limit depending on your credit risk. EcoCity Bank can reject your application at any time. Furthermore, you will only be a cardholder upon successful completion of the contract. Do you agree to these terms?:

To upgrade your account and apply for a credit limit increase or rate decreases, you must have held a EcoCity Express Card for more than 28 days. You can only use this application once every 28 days. Fill in the following application.

Spoiler: Upgrade Account App

IGN:

Proposed New Credit Limit:

Proposed New Credit Rate:

Proposed New Carryover Fee:

Why should you be granted these upgrades:

It is up to the sole discretion of EcoCity Bank to determine whether you receive any account upgrades. Should you be granted an upgrade, it is up to the sole discretion of EcoCity Bank to determine the new rates, limits, and fees. Do you agree to these terms?:

 

Approved. You have been messaged on further instructions.

 

@ldw116
Credit Score: 5 points
Eligibility: $25,000 credit limit, 18% interest rate, 24% carryover fee

 

@blgordon
Approved. I have messaged you with further instructions.

Credit Score: 15
Credit Limit: $100,000
Interest Rate: 9%
Carryover Fee: 14%

 

@AdmiralD Approved. Please check your inbox for further instructions!

Credit Score: 14

Credit Limit: $100,000
Interest Rate: 9%
Carryover Fee: 14%

 

@Natelev Approved. You qualify for the lowest rates as a supermod+ staff member.

Credit Limit: $100,000
Interest Rate: 9%
Carryover Fee: 14%

 

@BaccaAMP
Approved.

Credit Score: 11

Credit Limit: $100,000
Interest Rate: 10%
Carryover Fee: 14%

 

Approved. I have forum inboxed you with further instructions.

Credit Score: 9

Credit Limit: $100,000
Interest Rate: 12%
Carryover Fee: 14%

 

SG in 2019? LUL

 

@1aughter Approved. You qualify for the lowest rates as a supermod+ staff member.

Credit Limit: $100,000
Interest Rate: 9%
Carryover Fee: 14%

I have sent you a forum PM with further instructions.