Charlssey:


Not really. There must be a 5,000 minimum balance. Except of you want to close your account completely.

Be specific about the MMF you’re talking about please.
Don’t mislead people . Thanks

Jonathan:

Be specific about the MMF you’re talking about please.
Don’t mislead people . Thanks

Stanbic MMF

Charlssey:


Stanbic MMF

I doubt that .
The minimum you can withdraw is N5000 does not mean you must leave N5k in your account . Abah !
I even saw it in one of the mails they sent to me sometime ago that if the total amount left in the account is less than N5k and you want to redeem it . Then you will be allowed to redeem less than N5k but then you must redeem all the remaining balance at once .

Jonathan:

I doubt that .
The minimum you can withdraw is N5000 does not mean you must leave N5k in your account . Abah !
I even saw it in one of the mails they sent to me sometime ago that if the total amount left in the account is less than N5k and you want to redeem it . Then you will be allowed to redeem less than N5k but then you must redeem all the remaining balance at once .

I am certain that you must leave 5K In your account when making an online withdrawal or you will get an error.

kaycodes:


I am certain that you must leave 5K In your account when making an online withdrawal or you will get an error.

Wow.
I never tried to withdraw all before.
You’re probably right. Idk

kaycodes:


I am certain that you must leave 5K In your account when making an online withdrawal or you will get an error.

Stanbic, for instant, it is possible to withdraw all. Just type the exact amount of NAV in the redemption amount.

Yem0350:

Stanbic, for instant, it is possible to withdraw all. Just type the exact amount of NAV in the redemption amount.

I have withdrawn all from Stanbic GIF before and the account was left there. No issue except if they have changed rules.

Yem0350:

Stanbic, for instant, it is possible to withdraw all. Just type the exact amount of NAV in the redemption amount.

freeman67:


I have withdrawn all from Stanbic GIF before and the account was left there. No issue except if they have changed rules.

Cc Kaycodes
Charlssey

emmy4lov:


Which investment program yielded this ?

SFS CAPITAL NIGERIA LTD
SFS Fixed Income Fund

currently on 14.48%

Jonathan:

Scam

dont say what you dont know please, if u see scam u go know am

Charlssey:


Not really. There must be a 5,000 minimum balance. Except of you want to close your account completely. This is for Stanbic MMF

That not true... they will pay 100000, this is more like liquidating your account. I have withdrew all from Axa, Stanbic, Ione and was paid same. Th

kaycodes:


I am certain that you must leave 5K In your account when making an online withdrawal or you will get an error.

Thats not true, i have withdrawn All

.

Enough of debate please.

i use my ibtc MMF like a savings account and on 10 dec i withdrew funds.
i do this regularly.

You CAN NOT withdraw everything.

You will get an error if you try to do so.

You must leave N5000 minimum bal (except you apply for account closure)
~ like kaycodes said

its just like the bank minimum of N1000.

the good thing however, is that, the N5000 will continue to earn you interest.

Jonathan: &CO

RealityShot:
Enough of debate please.

i use my ibtc MMF like a savings account and on 10 dec i withdrew funds.
i do this regularly.

You CAN NOT withdraw everything.

You will get an error if you try to do so.

You must leave N5000 minimum bal (except you apply for account closure)
~ like kaycodes said

its just like the bank minimum of N1000.

the good thing however, is that, the N5000 will continue to earn you interest.

Jonathan:
Jonathan: &CO

And why didn’t they include anything like that in the terms and conditions when signing up for this?
I refuse to believe until I try it myself
Thanks

Jonathan:

And why didn’t they include anything like that in the terms and conditions when signing up for this?
I refuse to believe until I try it myself
Thanks

lol... If they told you upfront, many like me won't have used their service...

but am ok with it now...at least whenever i want to close the account, they AGREE to give it back to me.

Guys u are allowed to withdraw all your money if u want to. The error that usually comes up is if u try to withdraw and leave a balance below 5k.
If for instance u have 10,000.26 and u try to withdraw 10,000 only, u will get an error message but if you withdraw the entire amount including the decimals it will go through and your account will have a zero balance and it doesn't mean u can't subscribe again if you want to. 5k is their minimum balance that can yield interest. That's just what they are trying to tell you.

ajeleomo:


SFS CAPITAL NIGERIA LTD
SFS Fixed Income Fund

currently on 14.48%

Thanks

Is it like mutual funds investment, were the interest are added daily and you can withdraw at any time ..

Please explain how it works..?

There is difference between withdrawing and closing your account.

You can't withdraw all funds but can get all your money if you decide to close your account.

Kzdguru:
There is difference between withdrawing and closing your account.

You can't withdraw all funds but can get all your money if you decide to close your account.

Oga! This puzzle has been completed already by someone up there
Stop disassembling it . Just stop already ! Abah !

Jonathan:

Oga! This puzzle has been completed already by someone up there
Stop disassembling it . Just stop already ! Abah !

Noted sir/ma.

compunigeria:


Thanks. But with this method, how will they know the account to fund/ credit ? Or is their any place to upload the payment receipt/ screenshot?

They do it automatically, you get a funds receipt confirmation . When you use the USSD code, They ask for your phone number and your full name shows up

Ok thanks.

I am just logging in after a while.
For Stanbic IBTC MMF, the available balance shown on the app is all yours and you can withdraw all.
I did just that in June.
The reason you might be getting error is that your last subscription must not be touched until it is 1 month matured otherwise you will be charged a penalty.
So, if you are not considering the penalty and you want to redeem all... You get an error.
The bank has removed all charges, and taxes, before posting your available balance which also includes an automatic interest.

what about ARM? can everything be withdrawn at once?

Osiomogie:
what about ARM? can everything be withdrawn at once?

Yes

RealityShot:
Enough of debate please.

i use my ibtc MMF like a savings account and on 10 dec i withdrew funds.
i do this regularly.

You CAN NOT withdraw everything.

You will get an error if you try to do so.

You must leave N5000 minimum bal (except you apply for account closure)
~ like kaycodes said

its just like the bank minimum of N1000.

the good thing however, is that, the N5000 will continue to earn you interest.

Jonathan: &CO

I said i did and no error.... this is not dem say

emmy4lov:



Thanks

Is it like mutual funds investment, were the interest are added daily and you can withdraw at any time ..

Please explain how it works..?

yes it is same

ajeleomo:


yes it is same

Can you please add me up on WhatsApp, I'd like to ask you some questions please..

ajeleomo:


I said i did and no error.... this is not dem say

please when did you do so?

that will be very good news o!

r4blessing:
Guys u are allowed to withdraw all your money if u want to. The error that usually comes up is if u try to withdraw and leave a balance below 5k.
If for instance u have 10,000.26 and u try to withdraw 10,000 only, u will get an error message but if you withdraw the entire amount including the decimals it will go through and your account will have a zero balance and it doesn't mean u can't subscribe again if you want to. 5k is their minimum balance that can yield interest. That's just what they are trying to tell you.

True. I tried to reach their customer care and they gave me a call. Amongst all I asked them was if I can withdraw all my money and they told me yes. Please they told me some daily interest yields upto 20% some days. For those who have invested with them, is it true?

r4blessing:
Guys u are allowed to withdraw all your money if u want to. The error that usually comes up is if u try to withdraw and leave a balance below 5k.
If for instance u have 10,000.26 and u try to withdraw 10,000 only, u will get an error message but if you withdraw the entire amount including the decimals it will go through and your account will have a zero balance and it doesn't mean u can't subscribe again if you want to. 5k is their minimum balance that can yield interest. That's just what they are trying to tell you.

thank you!

can't wait to try that next year!