Gamecube Question

[bilal216]

Hi, I'm a year old blue burst player who recently got a Gamecube to play PSO on. I have two simple questions,

1> where exactly do the characters/inventory save? on my memory card or on the game disk? I'm wondering because what if my disk stops working do I lose my chars with it?

2> So far I played offline and noticed that there is no common bank to transfer items from character to character...will this feature be unlocked when I go online? Also, will I be able to transfer my offline inventory/mag to online?

Thank you in advance for any answers!