Some members have asked about banking. So let's now talk about the bank.
You must have 500 BananaBucks in your savings account in the bank to earn interest.
When you add BananaBucks to your savings account in the bank, your visible total to the other members decreases.
2% interest is calculated every 30 days.
There's a 2% transfer fee to move funds between your checking and savings.
Deposits transfer every midnight and there's a 1 day hold.
There's other small fees, like an early withdrawal fee of 5% if you cancel a pending deposit.
We're not using loans at the moment but we have the capability to turn it on one day.