nevilbot:


Please what is the interest rate on the stanbic mmf. I am thinking of doing it but i need to know the interest rates on or returns. Thanks, i be jjc

The interest rate is not stable between 18% to %14 it depends on a lot of factors.. But you can monitor it daily.. It is calculated daily based on the interest rate daily..

dadebayo1:
I will still recommend anyone who wants to open the stanbic mmf to download the app. You can open an account via the app and operate it via the app without stepping into a bank.. Ttansaction is easy just by following the instructions on the app... You can top up via the app and also withdraw via the app.. No stress at all...

What about a valid ID Card, Utility bill and all ? They don't request for any of those ?

dadebayo1:


The interest rate is not stable between 18% to %14 it depends on a lot of factors.. But you can monitor it daily.. It is calculated daily based on the interest rate daily..

14%

thats very high expectation you have with current market trend

Toun2nl:
Morning. Is there any penalty or limits for frequent withdrawals in Stanbic MMF?

There's no limits
But incurred charges for frequent withdrawal
Less than 30 days

Psychodavidovic:


What about a valid ID Card, Utility bill and all ? They don't request for any of those ?

Through the app all you need is your BVN... No other thing

Hello house, the stanbic mobile app I have doesn't have registration platform. Can anyone please send me link to download the one with registration platform

Hello house, the stanbic mobile app I have doesn't have registration platform. Can anyone please send me link to download the one with registration platform.

xtain7:

That's not a big deal
Tho the online account opening with stanbic asset management is much more easier than visiting any branch to open one
It has some limits
If you truly interested
Just mail me
I will help you out
If you keenly interested ohh

Please do you have the account number for stanbic ibtc mmf ? Kindly post.I need to crosscheck with the one I have.

osasuwa011:
Hello house, the stanbic mobile app I have doesn't have registration platform. Can anyone please send me link to download the one with registration platform.

The app has a registration portal. You could also use this link https://instantaccount.stanbicibtc.com:9663/?ref=3093A632BEB3BC

mercifull:

Please do you have the account number for stanbic ibtc mmf ? Kindly post.I need to crosscheck with the one I have.

For local transfer of funds, kindly find listed below the receiving Bank details:



Receiving Bank: Stanbic IBTC Bank
Bank Location: Walter Carrington Crescent (WCC)
Sort Code: 221150014
Account Name: FIRST TRUSTEES/SIMM
Account number: 9202476223

dadebayo1:



Through the app all you need is your BVN... No other thing

Wow. That's nice. Does the account created through the app come with a limit ?

Psychodavidovic:


Wow. That's nice. Does the account created through the app come with a limit ?

Someone said 250k

4601CE:
Someone said 250k

Thank. I guess it can somehow be upgraded or have the limit removed later in the future by visiting any of their bank Branch ?

Psychodavidovic:


Wow. That's nice. Does the account created through the app come with a limit ?

200k is the maximum you can operate in that online account

xtain7:

There's no limits
But incurred charges for frequent withdrawal
Less than 30 days

Thank you.

Thanks very much, the link was indeed helpful. As I have successfully registered. please, Would my password be sent to me because I can't login yet

Psychodavidovic:


Thank. I guess it can somehow be upgraded or have the limit removed later in the future by visiting any of their bank Branch ?

Anyone ?

Hello house,

1. Axa mansard or Stanbic mmf Which of the two is the most efficient?? And why?

2. What are the names of their apps on Play store?

3. Can I complete my registration and invest without physically going to the bank??

I will appreciate quick responses as I wish to invest today.


Many thanks.

Annybens1993:
Hello house,

1. Axa mansard or Stanbic mmf Which of the two is the most efficient?? And why?
Efficiency : AXAMansard
Redemption and subscriptions are processed faster than with Stanbic

2. What are the names of their apps on Play store?

Stanbic's app :- Stanbic IBTC
Axa :- Axa Mansard

3. Can I complete my registration and invest without physically going to the bank??

I was able to do that for both but that's because I got in touch with people who sent me the forms and I scanned back to them


You can invest with the app, website , account transfer or 737( for AXAMansard). The short code to invest in Axa MMF is *737*50*AMOUNT *292#

I will appreciate quick responses as I wish to invest today.


Many thanks.

see my answers in bold

Psychodavidovic:


Anyone ?

Check the thread and Mention eezribee. I’m not sure I get that username right . He/she should know .
But IMO ,I think you should be able to upgrade it for shure,or maybe they’ll close that one for you and open another one . Idk

Psychodavidovic:


Anyone ?

Yes the limit will be lifted once KYC
Is duly noted

Psychodavidovic:


Wow. That's nice. Does the account created through the app come with a limit ?

You can witdraw about1m through the app.. And you van top up with about 5million to via the app.. Guess that is still okay.. I have never stepped into any of the branch for any transaction with mmf.. I opened the account via the app and i have been increasing invesment and also withdraw via the app...

4601CE:
Check the thread and Mention eezribee. I’m not sure I get that username right . He/she should know .
But IMO ,I think you should be able to upgrade it for shure,or maybe they’ll close that one for you and open another one . Idk

xtain7:

Yes the limit will be lifted once KYC
Is duly noted

dadebayo1:


You can witdraw about1m through the app.. And you van top up with about 5million to via the app.. Guess that is still okay.. I have never stepped into any of the branch for any transaction with mmf.. I opened the account via the app and i have been increasing invesment and also withdraw via the app...

Thanks.

Psychodavidovic:






Thanks.

All the best sir..

What makes mutual fund more advantageous compared to T-bills??

handsomebolanle:
What makes mutual fund more advantageous compared to T-bills??

You can invest in bits like savings anything you want

AbbyE:


see my answers in bold

thanks

handsomebolanle:
What makes mutual fund more advantageous compared to T-bills??

Better rates for short tenure as compared to Tbills.
Abillty to add in bits and they all run as a single investment unlike Tbills that will have to run independently.
With as little as 5k you can do MMF but you need at least minimum of 100k to buy tbills.
Unless you are buying from secondary market, with tbills you can only buy 90days, 182days and 365days but with mutual funds you can invest for any tenure.

AbbyE:


see my answers in bold

Hello,

I have completed the registration and have even transferred money to the account...was charged about N500 for depositing

The problem now is the money have not reflected in my account. What should i do

Annybens1993:


Hello,

I have completed the registration and have even transferred money to the account...was charged about N500 for depositing

The problem now is the money have not reflected in my account. What should i do

Axa mansard?

Did you do a transfer or you paid online?

What time today did you do the payment?

I went to stanbic ibtc yesterday and filled the form. Then did funds transfer at my bank and gave them the copy. I realised I made a mistake with the account no so I went back to my bank today to correct it but up to now my account is yet to be debited . What could be the problem?

Holar09:
I want to register through the Stanbic App , but its showing me that the maximum amount is #20,000. why?

Please, somebody should answer this