₦airaland Forum

yungmin:
Wait...o, does MMF record losses? I just saw my GT MMF went negative compared to what it was before the public hols. Anyone experienced same?o

emmasoft:
@davidmex, note that fund managers must inform investors of a change in collection account and collection or custodian bank must not be related to the fund manager.

You used the word medium which is correct.
Method or medium of funding account is different from collection account. Let's be well guided.

With technology, it is common to see fund managers create a more convenient method of account funding that doesn't mean a change of collection account.

Stanbic collection account remains UBA
Norrenberger UBA
GTB Citibank
First Asset Citibank
Ucap Stanbic etc.

For stanbic if you transfer to the stanbic wallet given to you, that doesn't mean you have invested you have to move the money into any of the product you which to invest in except they have changed that process.

Thanos1000:
Thanks boss
After you paid. Can u withdraw anytime u want. How does that part work

bassdow:
Actually that's incorrect.

What they do is, when you use the customized Stanbic Account automatically opned in your name, that fund goes to your wallet and stays there. That wallet is powered by stanbic IBTC bank. But you still need to use that money to purchase investment hence when you finally purchase any investment of your choise e.g MMF, the money now travels to UBA account.

There's a reason the money appears almost instantly inside your wallet BUT when you purchase an investment, the normal waiting time still occurs.

Bottom line is; Stanbic still uses UBA. The stanbic account you paid to is your wallet account number. Even according to how these fund managers operates, especially those regulated by SEC, they can not use the bank account they are affiliated to one way or the other.

Thanos1000:
No vex boss. I stated it was gtworlds app. Did2know you did not see it

The account number is 9002290959.. Abeg make Una help me check. Anyone that's using it

doggedfighter:
When did you notice this ? For me Stanbic UBA NoMs account.

doggedfighter:
Hahahahaha

This guy 🤣

So you will just open an account and money will start dropping into the account for your enjoyment 😁

Analyscam50:
We have taken over

Taken over!

LGBTQ taken over!

david4mex:
Why I am bothered is that i have done top up before and they reflected within 2 hours. The last one before this one,i did it after 3pm and it reflected within 30 minutes.
This one i woke up by 1am to top up thinking before 9am it will reflect, today has come to an end and nothing.
There customer care response is zero. Na 16.98% make me diversify some from Stanbic to them.

Babygal2020:
Yes o. I added 5M recently. My husband's money is inside too. Lol

bassdow:
very early this morning. Wait till midNight first before you start getting worried.

Even stanbic would reflect anywhere from 3pm same day so long it's business day. So if you expecting it to reflect few hours after making payment, no be so; at least with the non Fintech ones.

freegaza:
After a week my top up has reflected this morning

Smattrader:
😎😎😎😎😎👍👍👍

jp130:
I'm still with them with small change. However, if I'm heavy with them, I would divest like 20% and test others for at least a year.
GTB did 19% yesterday

enque:
Don't you use the mobile app?

Ewaoluwayemi:
can anyone advise on FBNQuest (mutual fund)? Is anyone already invested in it? I was informed today that the current rate is 17%. How true is this, please?

rukyboy:
Gradually divesting from stanbic to GT

bestmutiu2019:
Try to know the level of the water
Pick up a specific time to pump like,30mins or 45 mins,
Then make sure you kept on changing the rope you'll use to hold the pump every one and half years

toxxnoni:
Available