₦airaland Forum

I opened a Stanbic MMF account online and I'm trying to make a transfer of about 10m from a personal account. Please how do i go about it. I don't have an ATM card for that account.

Amya:
I opened a Stanbic MMF account online and I'm trying to make a transfer of about 10m from a personal account. Please how do i go about it. I don't have an ATM card for that account.

Do not do any transfer from an ATM machine or online as ATM machines or online card transactions do not have provision for narrative where you are expected to put your e-account. If you do not have a Mobile App for that account or your transfer limit is below the amount you want to transfer, just walk up to the branch of the bank of the account and do the transfer. Fill in the e-account on the narrative/reference/description field of the form and insist on the staff using it as you filled it without any other addition.

I really need to know more about mutual funds

NL1960:
Do not do any transfer from an ATM machine or online as ATM machines or online card transactions do not have provision for narrative where you are expected to put your e-account. If you do not have a Mobile App for that account or your transfer limit is below the amount you want to transfer, just walk up to the branch of the bank of the account and do the transfer. Fill in the e-account on the narrative/reference/description field of the form and insist on the staff using it as you filled it without any other addition.

Perfect.

Amhappy:
I really need to know more about mutual funds

Get in touch. my number is on my signature.

uwaifou:
FBN quest still stands out. They are the best when it comes to daily accrual /interest the two years.

I have Ucap, Stanbic, quantum zenith, norrenberger. FBN QUEST stands out

Why did you say so? Interest rate ?

NL1960:
Do not do any transfer from an ATM machine or online as ATM machines or online card transactions do not have provision for narrative where you are expected to put your e-account. If you do not have a Mobile App for that account or your transfer limit is below the amount you want to transfer, just walk up to the branch of the bank of the account and do the transfer. Fill in the e-account on the narrative/reference/description field of the form and insist on the staff using it as you filled it without any other addition.

Got it. Thanks

Hopez456:
I Sincerely hope they imporve. Axa mansard is a darling. I have never had any course to mail or call them. Everything is smooth with them.

Even when you have a reason to reach out to AXA Mansard, they respond promptly and address your issues or concerns efficiently.

xcitedjay:
Even when you have a reason to reach out to AXA Mansard, they respond promptly and address your issues or concerns efficiently.

I think this is one area stanbic ibtc is seriously lacking! I don't know why an organization dealing with financial matters won't take their customer support serious. Money will be hanging & these guys can't even reply their mail even after 48 hours. Not assuring at all.

NL1960:
Do not do any transfer from an ATM machine or online as ATM machines or online card transactions do not have provision for narrative where you are expected to put your e-account. If you do not have a Mobile App for that account or your transfer limit is below the amount you want to transfer, just walk up to the branch of the bank of the account and do the transfer. Fill in the e-account on the narrative/reference/description field of the form and insist on the staff using it as you filled it without any other addition.

I went to rhe bank early this morning and effected the transfer with my mmf account as narration. It still haven't reflected there till this minute. Should I be worried?

Amya:
I went to rhe bank early this morning and effected the transfer with my mmf account as narration. It still haven't reflected there till this minute. Should I be worried?

Nothing to worry about, if u did the transfer before 12 noon, it will reflect before the end of today. It usually take hours before it reflect.

Amya:
I went to rhe bank early this morning and effected the transfer with my mmf account as narration. It still haven't reflected there till this minute. Should I be worried?

No need to worry in as far as you have the transfer receipt. Today is End Of Month and weekend is coming. End of month is always a busy day for banks.

NL1960:
No need to worry in as far as you have the transfer receipt. Today is End Of Month and weekend is coming. End of month is always a busy day for banks.

It's reflected now. Thanks

NL1960:
No need to worry in as far as you have the transfer receipt. Today is End Of Month and weekend is coming. End of month is always a busy day for banks.

Seen it now. Thanks

Amya:
It's reflected now. Thanks

Great. Enjoy the MMF ride.

Hopez456:
I Sincerely hope they imporve. Axa mansard is a darling. I have never had any course to mail or call them. Everything is smooth with them.

It's not exactly same here. I don't understand what's going on from my end and I've been sending mails.
So I funded my account one afternoon and the next day, early morning. The amount funded I funded in the afternoon just shows as processed but doesn't show as part of my balance while the one I funded the next morning is already part of my previous balance. I'm also not seeing daily interest accrued as I use to see them. Account seems to be static.

Pls do mmf also pay dividends as they pay daily interest on amount invested?
My thought is that mmf only pay return on investment as daily interest.pls I need a clarification on this.

Skudi:
Pls do mmf also pay dividends as they pay daily interest on amount invested?
My thought is that mmf only pay return on investment as daily interest.pls I need a clarification on this.

MMF don't pay interest daily rather interest is accrued daily and it's paid/reinvested every quarter depending on your option during registration

Kingzy4pep:
It's not exactly same here. I don't understand what's going on from my end and I've been sending mails.
So I funded my account one afternoon and the next day, early morning. The amount funded I funded in the afternoon just shows as processed but doesn't show as part of my balance while the one I funded the next morning is already part of my previous balance. I'm also not seeing daily interest accrued as I use to see them. Account seems to be static.

Try and call them. Also, try the chat box on their website. They are most times online.

xcitedjay:
Even when you have a reason to reach out to AXA Mansard, they respond promptly and address your issues or concerns efficiently.

Pls what's their current interest rate for MMFund?

Are you torn between investing in dollar mutual funds or sticking with naira mutual funds? In this video, she break it down, helping you decide which investment strategy wins in today’s Nigerian market. Whether you're a beginner investor or looking to refine your strategy, this comprehensive guide is packed with insights to help you make an informed decision.


https://www.youtube.com/watch?v=f9MgNE-Zut8

anjilgreat:
Pls what's their current interest rate for MMFund?

21.7% as at 2 Feb 25.

Jenmy:
Are you torn between investing in dollar mutual funds or sticking with naira mutual funds? In this video, she break it down, helping you decide which investment strategy wins in today’s Nigerian market. Whether you're a beginner investor or looking to refine your strategy, this comprehensive guide is packed with insights to help you make an informed decision.


https://www.youtube.com/watch?v=f9MgNE-Zut8

Very Educative

emmasoft:
To your first question the answer is YES and NO.

Yes, if the mutual fund is equity base or balance fund. Basically the underlying assets determine the risk involved in any mutual fund.

No, if the mutual fund is money market fund. It's not possible to lose money here because the underlying asset is basically treaury bills.

The word best is relative so it will not be possible to just say a particular fund manager is the best. Different customers have different experiences with different managers. Customers rate managers base on what they are looking at for - rate, customer service, online presence and easy of navigation etc.

You can chat me up if you need more guide.
By the way I use and represents Stanbic, Norrenberger and SFS capital.

Hello,

I just opened a Stanbic Account and topped up.. I use the link on you profile.

I just got a response this morning and the top up has not reflected in my account.

temi4fash:
Hello,

I just opened a Stanbic Account and topped up.. I use the link on you profile.

I just got a response this morning and the top up has not reflected in my account.

If the top up was done after 12 pm your funds will reflect after COB today.

That is how it works, all deposit before noon have same day value and returns while deposits done after 12pm gets next business day value and returns. Please check again much later today you will see it reflected.

Thanks for the patronage.

Neurotika:
Pls how long have you been using them? Do they offer daily interest remittance that’s easy to track through their app, good customer service, and quarterly compounding of interest? I’ll appreciate an objective evaluation pls.

Stanbic 2021
Quantum zenith 2yrs now
Norrenberger a year and a half ago
United capital same as above
FBN quest 2019

I have been fiddling with all and they all have one challenge or the other and i drew my conclusions and zored in on FBN quest the last two years.

My brother they really stand out

Kingzy4pep:
It's not exactly same here. I don't understand what's going on from my end and I've been sending mails.
So I funded my account one afternoon and the next day, early morning. The amount funded I funded in the afternoon just shows as processed but doesn't show as part of my balance while the one I funded the next morning is already part of my previous balance. I'm also not seeing daily interest accrued as I use to see them. Account seems to be static.

Which MMF assets manager? /bank

xcitedjay:
21.7% as at 2 Feb 25.

22.91%. FBN QUEST

Good evening please I opened a fixed deposit today at access bank for a period of 6 months at 9 percent per annum now I want to liquidate the fixed deposit cos it's not worth it. I want to terminate pls hope if I go back to access bank to terminate it since it's just barely 24hrs . It would not take time for them to liquidate it ?

This stanbic ibtc mmf na wa o. I created an account about 2 weeks ago and since then I have called their customer care more than 50 times for one issue or the other.

After 30 days I go just withdraw my money jejely port to another asset management.

ManAdii:
This stanbic ibtc mmf na wa o. I created an account about 2 weeks ago and since then I have called their customer care more than 50 times for one issue or the other.

After 30 days I go just withdraw my money jejely port to another asset management.

It’s better to visit their branches when you have major issues. Mails to those customer care mailboxes usually lead to several back and forth.

Neurotika:
It’s better to visit their branches when you have major issues. Mails to those customer care mailboxes usually lead to several back and forth.

U can only visit if only you are domicile in the same location, most assets managers do not have offices in most states