User:Kmarinas86/NewBanking

NeoBanking
NeoBanking is a term for a proposed system of banking involving a new type of bank intended to be estabilishable in a capitalist market. Revenue of these banks comes from savers and is used for the operating, investment, etc. of a bank as well as one-way transfer payments to companies and institutions who provide emergency relief to NeoBank customers.

Because a NeoBank does not provide loans or bonds, it will not have the costs associated with them.

Instead of loans, what is offered is emergency-relief money. A NeoBank is essentially an insurance company taking the role of a bank. An adjustable percentage of money going to a bank's savings will be reserved for use in emergency-relief money. The emergency relief money is not given back into the hands of the savers. Instead it is directly deposited into the accounts of the companies or institutions which has rendered or will render emergency services for the NeoBank customers.

The emergency-relief money (in order of increasing financial significance):
 * Paid-resort
 * Paid-child care
 * Paid-clinic visits
 * Paid-health supplies
 * Paid-dental
 * Paid-eye care
 * Paid-surgeries

And comes from the collective resource of many NeoBankers.

NeoBankers do not save in order to earn interest, instead, they do so to help their community of fellow NeoBankers and/or be helped by those in the community of NeoBankers - financially.