PointPay Blockchain Bank is a platform which allows users to receive a complex daily interest on deposits in cryptocurrency.

There are two types of accounts in PointPay Blockchain Bank: Checking accounts and Savings accounts.

Checking account is convenient for daily usage. It allows a user to make an unlimited number of operations for receiving and sending funds in cryptocurrency. The interest rate on Checking account is lower than on Savings account.

Savings account is suitable for storing funds, has a higher annual interest rate on a deposit, but it is allowed to transfer funds from it only three times a month. When funds are withdrawn from the savings account more than three times in the current month, the interest rate on the savings account is reduced to the checking account rate in this month for this cryptocurrency.

Each account (Checking or Savings) can be deposited with an amount not less than the minimum. For example, you have decided to deposit funds to the account where minimum deposit is 0.01 ETH (Ethereum). If the sum you are going to deposit is less than 0.01 ETH, the funds will be lost. Be careful!

At the moment, interest is calculated on cryptocurrencies Bitcoin (BTC), Ethereum (ETH), Tether (USDT) – dollar stablecoin, Tether Gold (XAUT) – tokenized gold, PointPay token (PXP).

The interest rate is indicated on the card of each account (for example, 'yield: 1.5%'). For instance, if it is indicated that the yield is 1%, then you will receive 1% of the deposit amount in one year. The accrual of interest on all accounts is daily. The percentage is complex.

This means that every day the interest is calculated on the amount of the deposit and interest funds received on previous days. All the operations are indicated in transaction history.

The interest rate on the deposit in PointPay token (PXP) depends on the number of tokens in the account and is dynamic (see the table):

1. You can deposit accounts with an amount not less than the minimum (indicated on each corresponding account);
2. Make transfers between accounts in the PointPay Blockchain Bank;
3. Make transfers from accounts in the PointPay Blockchain Bank to accounts in other PointPay products (PointPay Crypto Exchange, PointPay Crypto Wallet) and vice versa;
4. Make transfers from accounts in the PointPay Blockchain Bank to wallets of third-party services;

To transfer funds, you need to know the address of the crypto wallet of the user who is registered in the PointPay Blockchain Bank (for example, the address of the Bitcoin wallet).

In addition, you can use the function of sending funds via the user’s email who registered in the PointPay Blockchain Bank. To do this, select the account from which you want to send funds (for example, the Bitcoin Checking Account), enter the amount to send and the email address of the user registered in the PointPay Blockchain Bank. When sending funds by email, they will be credited to the user's Savings account in the corresponding currency.

PointPay generates the profit the following ways: trading fees, withdrawal fees, processing fees, invoices fees, loan fees, etc. This income is allocated to a special payment fund to pay the yields.