Table of contents
__ 1.1 Bank Locations
__ 1.2 Why should you use a Bank?
2. Collecting Paychecks
__ 2.1 Cashing Paychecks
__ 3.1 Introduction
__ 3.2 How it works
5. Frequently Asked Questions
1.1 Bank Locations
There are three banks which can be used throughout San Andreas. Two of which reside in Los Santos are in Rodeo (The Rodeo Bank) and near the stadium in East Los Santos (The Hoover Bank). A third can be found in Palomino Creek.
Both share the same interior:
Palomino Creek Bank
1.2 Why should you use a bank?
Banks provide an easy way to store your money and, more importantly, allows you to earn more money via interest on the money that you store there. Your job will pay into your paycheque each hour and you can collect these by visiting banks. Check out the collecting paychecks section of this guide for more information on doing so. You can also open a savings account and accrue a large amount of money depending on how long you keep your account open for. Check out the savings section for more information.
The current interest rate for saving money in your regular bank account is as follows:
0.1% on any amount up to $19,999,999
0.05% on any amount larger than $20,000,000
2. Collecting Paychecks
Paycheck happens every hour on the hour and enables you to collect your earnings from your jobs. Some jobs will pay into your paycheck automatically whilst others will require you to cash cheques in order to receive your payment. You can see how much is in your paycheck ready to be collected by typing "/stats" and checking the "Paycheck" field. You can collect this amount of money by simply entering any of the aforementioned banks and walking into the spinning dollar symbol. The amount of cash you receive will go straight into your pocket.
The message below is the one you will get once you receive your paycheck. In this case, the player in the picture below received $14,034 from his paycheck.
2.1 Cashing cheques
Once you have finished your job which pays you via the cheque system, you will need to follow a few simple steps to generate a cheque for that amount:
- Use the command "/cheque paycheck yes". This converts your earnings into a check.
- Use the command "/cheque display all". This will give you a list of your check, including the one you just generated.
- Get your check ID from the list. You need just the number -- nothing else!
- Use the command "/cheque cash [checkid]", using the check ID you just found.
- Wait until the next payday. You can use the "/time" command to see the server time; payday occurs every hour.
- Go to one of the banks, and walk into the $ sign to collect your money. You don't have to do this every time you cash a check; you can just leave the money to build up and collect it after you've cashed a few paychecks.
Savings is a system which allows you to invest your money into a savings account which generates interest on every payday. The longer you keep your savings in the account, the larger the amount of money you will earn in interest.
The current interest rate is: 0.5%
The downside to using the savings system is that all other bank commands are disabled whilst you have an active savings account. This means you won't be able to deposit or withdraw from your bank account whilst your savings account is open. Players can, however, still pay money into other people's accounts regardless of whether they have their savings account open or not by using the "/transfer" command.
3.2 How it works
To begin using the savings system, head to any of the aforementioned banks and type "/savings" to which you'll be presented with the following information:
To deposit cash into your savings, simply type "/savings [amount]" and your account will be opened. You cannot deposit more into your savings account once you have opened it and withdrawing your savings will return your investment + the interest you gained on it. To withdraw your savings and to close your account, simply type /savings" once more.
Note: You can only deposit between $50,000 and $100,000 into your savings account when you first open the account. The maximum amount of money your savings account can earn is $20,000,000 (Twenty Million Dollars)
Your savings account will gain interest on every payday that you are online (on the hour every hour) and are entitled to. Your bank statement will show how much you have earnt. Remember that you cannot use your bank account whilst savings are active, so you will have to carefully manage your money. Withdrawing your savings will result in you having to start again should you wish to open up the savings account in the future, so remember that the longer you leave it, the more money you will earn.
- /bank [value]
Allows you to deposit money into your bank account.
- /withdraw [value]
Command to withdraw money from your bank account.
- /savings [value (50k-100k)]
Allows you to deposit money into your savings and opens your savings account
Withdraws your savings and closes your savings account.
- /transfer [playerID] [value]
Allows you to transfer a specific amount of money from your bank account to the bank account of another player.
Note: You must be at least level 3 to use this command.
Displays the balance of your bank account and savings.
- /fbank (Only works If you are invited in an official faction)
Displays the balance of your faction bank.
- /fbank [value] (Only works If you are invited in an official faction)
Deposits money into your faction bank.
- /cheque paycheck yes
Gives you the cheque(s) of a mission you have completed. (e.g. from a trucker mission)
- /cheque display all
Displays all cheques along with their ID you currently possess.
- /cheque cash [chequeID]
Redeems the cheque by sending the money a cheque contains to your paycheck. As soon as you type this command, you will receive the money of the cheque at the next payday. You will be able to collect the money by simply receiving your paycheck inside any bank, by walking into the dollar icon.
- /cheque give [playerID] [chequeID]
Gives a cheque you currently possess to another player.
- /cheque rip [chequeID]
Completely destroys a cheque you possess.
Warning: Upon ripping it, the cheque will be removed completely, you won't be able to redeem it.
5. Frequently asked questions
- Why can't I use /bank and /withdraw?
This is possibly due to you having a savings account open (/savings). To be able to use your bank account again, you will need to close your savings account via the /savings command.
- Is there a limit for savings?
Yes, the minimum amount of money you can put into a savings account is $50,000 and the maximum is $100,000. The maximum amount of money that the savings account can accrue is $20,000,000 (Twenty Million).
- What are the interest rates?
Currently the interest you gain on your bank account is 0.1% for values up to $20,000,000 and then 0.05% for any amount larger than $20,000,000. The current savings interest rate is 0.5%.
- I've gone to the spinning dollar sign and have received no money - why is this?
This is possibly due to you still needed to cash your paycheque. Refer to our cashing cheques section for a detailed guide on how to do this.
- I've forgotten my cheque ID!
Simply type /cheque display all to display all your cheques.
- I've cashed my cheque but still haven't received any money. What am I doing wrong?
You need to wait until the next payday (on the hour, every hour) for your cash to be available from the spinning dollar icon.
- Can I withdraw part of my savings?
No, you can only withdraw the entire savings amount.
- If I close my savings account can I then open it again later with the same withdrawed amount?
No, if you withdraw your savings then you will need to start again next time with the value between $50,000 and $100,000 and watch it slowly grow again. Think carefully whether you need to withdraw your savings account as there is no way to undo this!