Guild Banking has changed so much since the days in which I first starting playing. In vanilla and the early BC days one officer had a bank mule who looked after the guilds assets and gold! Cass was once even part of a guild that taxed its members – requiring them to mail a couple gold to the guild banker each week – in order to remain a member.
My guild recently overhauled its guild banking system. First we asked our members for feedback. It was very interesting to hear everyone’s thoughts. There were lots of good ideas on how we should spend the guild’s money, unfortunately there wasn’t really any good ideas on how the guild could make money.
I haven’t been in many guilds so I can’t really comment on what amount of gold a raiding guild should have. But it seems to me that Vitare has a pretty healthy bank balance. And its definitely a lot more gold than any of the other more casual guilds (that I’ve been part of) have had.
How We Spend It
In the end we decided to spend our gold on things that would benefit our entire raid team each night. We didn’t like the idea that our members would have to spend significant additional time outside their raiding commitments farming gold just to cover the costs of consumables and repairs for raiding. So now we pay for, per raider:
Repairs: 100g per Raid Night
Flasks: 1 Flask per Raid Night
Food: Fish Feasts will be provided throughout the night
Enchants: A number of popular enchants scrolls will be available to raiders when they win that brand new weapon (or chest etc)
Previously we had covered repairs and food, now we’ve extended that to help cover the cost of another raiding consumable: flasks. We’ve also decided to help our raiders pay for the cost of getting new gear – by giving the raider a suitable enchant so that they can start using their new item immediately.
We spend approximately 10 000 – 15 000 gold per week to cover these expenses.
How We Earn It
However, the only way we make money is by selling any Bind on Equip epics that we gather from raiding on the Auction House or at a reduced gold price to raiders (50% off Market Value).
I’m sure other guilds have alternate ways of making money but I simply can’t work out how.
I know that there numerous ways a single individual can go about earning gold and all the information out there seems to be directed at how a single player can play the Auction House for cash. But it wouldn’t be fair to ask our Guild Banker to play the Auction House and hand that income over to the guild – it’s income that they earned on their own from their own effort and should remain theirs.
I would be very interested to hear how other guilds run their guild banks and how they fill their coffers. In fact I would really like to get heaps of information and do a guide because frankly Google just didn’t cut it for me this time.
So please, if your guild bank runs well leave a comment explaining how it works!