₦airaland Forum

Iamblessed8888:
Run from Agro business for your life

Candanyl:
Did top up to my Stanbic mutual fund account since 21/2/ and till now, my money is yet to reflect. I have called n send mails they said it’s technical error ?
What else am I supposed to do . It’s always very discouraging investing with Stanbic cos of this slow processing tome

Candanyl:
Did top up to my Stanbic mutual fund account since 21/2/ and till now, my money is yet to reflect. I have called n send mails they said it’s technical error ?
What else am I supposed to do . It’s always very discouraging investing with Stanbic cos of this slow processing tome

bassdow:
Did you do a bank transfer or you paid using your Card ?

Just like issues sometimes come up when we perform transactions online, it could be same also with any provider. What you need do is contact your bank, to know status of the payment and try follow up to know where exactly the issue is. Have had similar experience where quickTeller said payment was successful BUT stanbic never saw the funds. Had to speak with stanbic IBTC + quickTeller customerCare to figure things out.

Coming here to speak doesn't help at all AND if you never push, issue might never get resolved.

As for sending emails, have never been a fan of such. I rather call than send messages which might get into queues that might never be attended to

Candanyl:
Bank transfer . A transfer I made on 21/2 has still not been reflected due to what has been described as a network issue from Stanbic . This has gone on for far too long. I have called multiple times and sent emails, yet nothing has been resolved. It is unacceptable that this issue has been allowed to persist without a clear solution or timeline.

Candanyl:
Bank transfer . A transfer I made on 21/2 has still not been reflected due to what has been described as a network issue from Stanbic . This has gone on for far too long. I have called multiple times and sent emails, yet nothing has been resolved. It is unacceptable that this issue has been allowed to persist without a clear solution or timeline.

Iamblessed8888:
Having same issue and i spoke with them today. They said its network issue from stanbicibtc bank and it’s a general issue and it will be resolved soon

Dondav:
Meristem has better rate compared to cowrywise's...

bassdow:
well this makes more sense. Now the question is - would the backLog of interests be paid ?

Iamblessed8888:
Lol i hope its paid. Lets see how it goes. My wallet has finally reflected just now

sharone21:
Which Meristem website or app are you using though I don't like too many apps in my phone? I know of meritrade.

Gabriel411:
How is the market today?

enque:
Meristem has the wealth buddy app for MMF, CPs and the likes.

Babygal2020:
Did you use the new payment method? That is using your unique account number?

Neurotika:
Their service isn’t what it used to be at all. After several months of breaking ties with them, I decided to test the waters with a top up. It’s now been over 4 days with no interest credited. Sent a mail, no feedback…nothing. They’ve probably reached a saturation point where their operational capacity is stretched beyond what it can adequately handle.

freegaza:
Mine has not reflected since 24/02

ezegold4we:
Yes, they are approved and licensed with their own official licence by SEC few day's ago, remember they have been using chaka licence all these while

Iamblessed8888:
Not true. Context is everything. There was a bank wide network issue with stanbic ibtc which also affected their wallet services. It was rectified today. My topup which was done since 24th only just reflected today. On a normal day, stanbic’s operational efficiency is why people dont mind their relatively lower rates. Rates aside, name me one fund manager’s app that can rival stanbic’s. They are the bar and others try to match up to them.

Neurotika:
Don’t you think people’s experiences can differ? What I find strange of recent is the eagerness to defend Stanbic anytime it’s mentioned here. Some of us have been with them long before mutual funds even became mainstream. And we’ve also had times we’ve praised them too. That’s exactly why we can say this without emotion: they’ve fallen off!….at the moment at least.

And the app? What exactly are we praising here? Graphics? Other platforms also execute the same core functions needed of any investor seamlessly, so of what use is aesthetics to me. Meanwhile, how many funds have you actually tried to reach this sweeping conclusion?

The objective here should be about maximizing returns and customer satisfaction, not defending brands. And that’s that about that….

Neurotika:
Don’t you think people’s experiences can differ? What I find strange of recent is the eagerness to defend Stanbic anytime it’s mentioned here. Some of us have been with them long before mutual funds even became mainstream. And we’ve also had times we’ve praised them too. That’s exactly why we can say this without emotion: they’ve fallen off!….at the moment at least.

And the app? What exactly are we praising here? Graphics? Other platforms also execute the same core functions needed of any investor seamlessly, so of what use is aesthetics to me. Meanwhile, how many funds have you actually tried to reach this sweeping conclusion?

The objective here should be about maximizing returns and customer satisfaction, not defending brands. And that’s that about that….

Preator:
I sense the fear factor. Some of us try to hold others back for things we are afraid to do. We stylishly wait for the "i told you so" moments while pushing narratives that will justify decisions we took out of fear. Otherwise, he's an agent.

The facts are clear though. Not a single SEC approved MMF fund manager has defaulted or ran away with people's money. Not a single one, whether fintech, mushroom or cottage fund manager.
I use several mmfs, stanbic, firstally, trustbanc, STL, cowrywise, FBN and a couple of others. I prefer the transparency that cowrywise provides over stanbic everyday. I can see the daily breakdown per fund manager, i could invest in multiple mmf(in the past), track and buy stocks, etc.

I dont mind anyone promoting any fund manager really, but let's keep to the facts and not fear affirmation. Afterall, for any serious investor, your promotion should only point them in the direction of the investment. Due diligence to affirm what you are asserting is their personal business.

Bluearrow:
True @bold
I remember seeing a comment of someone here saying no one should take their funds out of Stanbic no matter what. I just think some of them maybe affiliated to Stanbic.

freeman67:
To each his own. I concur with the fact that Stanbic is fallen off from the standard it has set for itself. Not only in their asset management area but even banking. When I started using them, even the guys are their bank branches are able to discuss products of their other subsidiaries effectively and onboarding customers effortlessly. Now majority of those do not even know much about their bank products let alone other subsidiaries.

The customer service has been poor. They were running a complicated interest system that only them understand by refusing to separate daily accrued interest from capital like others before but at least then even though not separate, there was a column you will see your interest accrued for the he month. Then they went and created one blunest that you can't differentiate your interest from capital at a glance and call it improvement. That's giving room for manipulation.


That said, to be fair to them Stanbic IBTC bank had serious network issues. I tried making payments with my card in 3 different places at 3 different times and the transactions all failed. After about 3 days after, yesterday they sent this "Our card services and inbound and outbound transfers are now working with improved performance. You may still experience brief interruptions. We are on it and apologise for the inconvenience. For help: 0700 909 9099." Thank God I another card if not I would have been stranded.

I tend to stick with all these names that are big and most time self regulate themselves even before their regulators act especially because they have a big name to protect. I was using Cashcraft back then as my stock broker and some other people invested in their mutual funds then too. I thank God the money I had in my account balance with them then was just some sweets change before sec hammered them and they started ignoring withdrawal request. So some people preaching for Stanbic might just be on that ground and nothing more.


We should not be angry because people defend brands that have served them over the years and also do not discountenance other people's negative experience even if they are at variance with ours.

Iamblessed8888:
Very correct. These sportybet converts turned Genz investors have never witnessed market turbulence, so their risk antenna is set up differently. They believe SEC is their Lord and saviour but wasn’t SEC around during the BGL days and even cash craft like you said.

A firm’s internal self regulating mechanism is likely to protect you better than SEC can. The logic is simple really, the bigger the firm, the bigger the head count, and the more robust the internal control would be.

All these 20% fund managers being promoted here, some have only 5 to 10 staff. Who will do risk management, marketing, control, etc?

People like to say a bank has no bearing it’s asset management division but that’s a big lie. If you know, you know. If i leave stanbic today, i’d rather put my money with GTB Fund managers than a standalone small fund manager with a flat in a street in VI as it’s head office.

When the network issue persisted, my millions was actually hanging but i was at peace knowing its stanbic. I may have felt more unease if it were a smaller firm

Iamblessed8888:
Very correct. These sportybet converts turned Genz investors have never witnessed market turbulence, so their risk antenna is set up differently. They believe SEC is their Lord and saviour but wasn’t SEC around during the BGL days and even cash craft like you said.

A firm’s internal self regulating mechanism is likely to protect you better than SEC can. The logic is simple really, the bigger the firm, the bigger the head count, and the more robust the internal control would be.

All these 20% fund managers being promoted here, some have only 5 to 10 staff. Who will do risk management, marketing, control, etc?

People like to say a bank has no bearing with it’s asset management division but that’s a big lie. If you know, you know. How come network issue with stanbic ibtc bank is now affecting stanbic asset management? 😁

I’d rather put my money with GTB Fund managers than a standalone small fund manager offering me 20% with a flat in a street in VI as it’s head office.

When the network issue persisted, my millions was actually hanging but i was at peace knowing its stanbic. I may have felt more unease if it were a smaller firm

LoriHamo:
I actually believe some of them operate from their sitting rooms with few staff.....

Hahahahaha....

I still have bulk of my investments in Gtbank, Stanbic and now Zenith bank....at least when anything sup...I will invade their banking hall and "off" clothes till someone listens to me

Hahahahaha

Abeg o o o

I use cowrywise ,cardinal stone, zedcrest, paramount (chapel hill) and UCAP shaaa.....


😎😎😎😎😎😎

Preator:
I sense the fear factor. Some of us try to hold others back for things we are afraid to do. We stylishly wait for the "i told you so" moments while pushing narratives that will justify decisions we took out of fear. Otherwise, he's an agent.

The facts are clear though. Not a single SEC approved MMF fund manager has defaulted or ran away with people's money. Not a single one, whether fintech, mushroom or cottage fund manager.
I use several mmfs, stanbic, firstally, trustbanc, STL, cowrywise, FBN and a couple of others. I prefer the transparency that cowrywise provides over stanbic everyday. I can see the daily breakdown per fund manager, i could invest in multiple mmf(in the past), track and buy stocks, etc.

I dont mind anyone promoting any fund manager really, but let's keep to the facts and not fear affirmation. Afterall, for any serious investor, your promotion should only point them in the direction of the investment. Due diligence to affirm what you are asserting is their personal business.