Most of you received an email announcing the creation of our official Guild Bank. The character's name is BROKER and is based in Stormwind City. Some of you might be asking: What is a guild bank and how do I use it? Here are the basics:
What The Bank Does
- Broker will hold the guild's money. This includes donations and money raised through auctions.
- Broker will hold supplies of trade goods and equipment for use by guild members.
- Broker will buy/sell and trade in the Auction House to raise money for the guild.
How To Use the Bank
- DONATIONS may be made to the guild bank by sending stacks of trade items (cloth, herbs, leather, ore/bars, enchanting items, etc) equipment (armor, weapons, etc) or money (gold/silver) to character name BROKER. Please send only full stacks of trade items, since space is limited. You can either mail these items or request a trade in Stormwind City. Donations are encouraged.
- SALES may be enacted by sending the sellable object to BROKER with a message clearly stating that the item is for sale in the Auction House (otherwise it will be stored for future use by guild members). Proceeds may be returned directly to the character who submits the item, be donated to the Guild Fund, or split between the two*. (Example - Bob wishes to sell [Searing Blade], a rare sword that we expect to sell for 10 gold. Bob could opt to receive the full sale price of the [Searing Blade] minus the auction costs, he could opt to donate the revenues to the guild (in which case they would remain with Broker) or he could opt to split the funds, receiving 50% of the sale price himself and allowing the guild to retain the other 50%).
- WITHDRAWLS may be made by any guild member at any time, but the reason for the withdrawl must be clearly stated. Please make reasonable requests (100 gold for a Crusader enchantment on your lvl 20 weapon is NOT a good use of guild funds). The guild bank is purposed toward helping guild members raise their profession skills and advance in level for the good of the guild. It is not intended to be a means to personal gain only. (Example - Bob requests 3 stacks of Silverleaf and 3 stacks of Mageroyal from the Guild Bank. It would be appropriate of him to then return to the Guild Bank some of the potions he used those materials to create or to replenish the guild's stock of herbs at a later date.)
The Ultimate Purpose of the Bank
- To give everyone ample opportunity to build their professional skills.
- To ensure that no guild member ever has to go without necessary equipment and/or skills because of a lack of funds.
- To help lessen the cost of Level 40 mounts and, eventually, Level 60 and 70 mounts.
- To provide incentive for others to join our guild and find enjoyment in it.
* - In some circumstances, a player may wish to sell an auctionable or useful item to the guild at a reduced rate. Borrowing from our above example, Bob may offer to sell [Searing Blade] to Broker for 2 gold. In this case, Bob is effectively donating the rare item to the guild and making a withdrawl at the same time... this is allowed and encouraged.
A Final Note: I will try to keep everyone updated on the current status of the Guild Bank. Currently no donations are being held. Neglekt was our first donor, graciously providing 5 of the 10g necessary to create our Guild Tabard. Our existing guild fund is about 80 gold, which we hope to see growing steadily as we creep toward level 40.