₦airaland Forum

Hello everyone,

I tried logging on to my account on fbnquest.com but couldn't gain access to my account? Has anyone else experienced this today?

Hey guys,

I got 2 questions.

1. Is is Stanbic MMF tax free ?

2. Let’s say I invest 10M in Stanbic MMF and wanna withdraw all after 6 months if I’m no longer interested in the investment, is it possible?

Like can I pull out my money at anytime ?

Systrom:
Hey guys,

I got 2 questions.

1. Is is Stanbic MMF tax free ?

2. Let’s say I invest 10M in Stanbic MMF and wanna withdraw all after 6 months if I’m no longer interested in the investment, is it possible?

Like can I pull out my money at anytime ?

The answer to all your questions is YES
Yes, tax free
Yes, you can withdraw all funds after six months and even close the account if you so wish
Yes you can pull out your money anytime (terms and conditions dey sha oh..)

seyisanya:
Hello everyone,

I tried logging on to my account on fbnquest.com but couldn't gain access to my account? Has anyone else experienced this today?

They sent a message yesterday that they will be doing some routine maintenance or something like that now and they clearly said you will have difficulty accessing the account via app but in a situation of urgency, they gave out contacts you can reach .. didn't you get that mail??

Boyhood:
The answer to all your questions is YES
Yes, tax free
Yes, you can withdraw all funds after six months and even close the account if you so wish
Yes you can pull out your money anytime (terms and conditions dey sha oh..)

Please what are the terms and conditions

That’s exactly what I wanna find out

Systrom:
Please what are the terms and conditions

That’s exactly what I wanna find out

The penalties are usually IF you withdraw within the first 30 day, you will be charged about 20% on incurred interest.
Yes you can withdraw anytime you so wish BUT if you withdraw after the first 30 days, no penalties to worry about.

emmyjaysnr:
Good morning house,

Please, what's the maximum amount one can redeem online on stanbic mmf?

skyangel:
Mine was 1million but I later increased it to 2.5million through the mobile app. You should check to see if you will be able to do more than that if need be.

So if I want to redeem let’s say 5M. How do I do it, or what’s the process ?

Cc Boyhood

Systrom:
So if I want to redeem let’s say 5M. How do I do it, or what’s the process ?

Cc Boyhood

Call/mail your account officer/customer care, they will send you a redemption form, fill it scan and mail it back to them .. after the stipulate time, pagam alert done enter.

Systrom:
So if I want to redeem let’s say 5M. How do I do it, or what’s the process ?

Cc Boyhood

Thanks

The login details I will be provided after registration. Is it both for the app and online (web)

Or will I be provided separate login details ?

Systrom:
Thanks

The login details I will be provided after registration. Is it both for the app and online (web)

Or will I be provided separate login details ?

Can you access your account online (web)?? the only platform you can access your account is the app hence the login details is for app only atleast thats what I know for now..

Boyhood:
Can you access your account online (web)?? the only platform you can access your account is the app hence the login details is for app only atleast thats what I know for now..

How about through this Link
https://www.stanbicibtcfundsmanagement.com/Ssignon/Home/Login?Length=4

Hi Enque, Can we access our Stanbic MMF account via app alone or it is also accessible online (web)?

Thanks

Systrom:
How about through this Link
https://www.stanbicibtcfundsmanagement.com/Ssignon/Home/Login?Length=4

Now I know, thanks

Systrom:
Hi Enque, Can we access our Stanbic MMF account via app alone or it is also accessible online (web)?

Thanks

App and web

Can someone tell me the risks involved with this Stanbic MMF

Like, can anything make me lose my money
Either principal or interest ?

Thanks

Systrom:
Can someone tell me the risks involved with this Stanbic MMF

Like, can anything make me lose my money
Either principal or interest ?

Thanks

The only risk possible is when the institution folds up but still, CBN gat your back. Then when Nigeria no longer exists. Other than those, you are in good hands except hackers remember you

Apitch:
The only risk possible is when the institution folds up but still, CBN gat your back. Then when Nigeria no longer exists. Other than those, you are in good hands except hackers remember you

Hmm

Thanks for your opinion

More replies needed from other NL’s

Thanks

Systrom:
Thanks

The login details I will be provided after registration. Is it both for the app and online (web)

Or will I be provided separate login details ?

Yes the login details is for both web and app..the only differences are;
1.The web will still require an OTP while the app no longer requires OTP since their last upgrade.
2. The app requires your full phone number while the web require only the last 4 digit of your phone number.

Hey guys,

I know of someone who invested 50 million in Stanbic MMF

Now my question is this, is it a smart move investing such huge amount at once in Stanbic MMF ?


Thanks

Systrom:
Hey guys,

I know of someone who invested 50 million in Stanbic MMF

Now my question is this, is it a smart move investing such huge amount at once in Stanbic MMF ?


Thanks

I depends on what you perceive as smart move. It also depends on the risk appetite of your uncle.
There are good businesses with good returns and high risk factor. But if your man wants to play safe, MMF can be said to be a smart move.

Systrom:
Hey guys,

I know of someone who invested 50 million in Stanbic MMF

Now my question is this, is it a smart move investing such huge amount at once in Stanbic MMF ?


Thanks

R u sure d person doesn't have other investments elsewhere?

enque:
R u sure d person doesn't have other investments elsewhere?

He has investments in real estate.

In fact, the 50M was proceeds from sale of one of his properties

Systrom:
He has investments in real estate.

In fact, the 50M was proceeds from sale of one of his properties

Cool

Systrom:
So if I want to redeem let’s say 5M. How do I do it, or what’s the process ?

Cc Boyhood

You can update your redemption limit though your online log in (not mobile app)
Just log in to your online account, you'll select redemption limit, update, type in 5,000,000 or whatever amount you want to update to, answer your secret question and update. It is that easy.

Hey guys,

Can someone else fund my Stanbic MMF
e-account ?

cc
Enque

skyangel:
You can update your redemption limit though your online log in (not mobile app)
Just log in to your online account, you'll select redemption limit, update, type in 5,000,000 or whatever amount you want to update to, answer your secret question and update. It is that easy.

I thought there is a limit of N2.5m, or is there a way to increase that beyond? I am curious to know.

oludy:
I thought there is a limit of N2.5m, or is there a way to increase that beyond? I am curious to know.

As a curious person, you can try out the tips given if it works fine, your curiosity has been solved. If it doesn't work out, you can let us know so we learn from you.

skyangel:
You can update your redemption limit though your online log in (not mobile app)
Just log in to your online account, you'll select redemption limit, update, type in 5,000,000 or whatever amount you want to update to, answer your secret question and update. It is that easy.

Systrom:
Hey guys,

Can someone else fund my Stanbic MMF
e-account ?

cc
Enque
Boyhood

Are you willing to give out your login details to the person to use and fund your account via the app (Be security conscious oh).
But If the person is doing a direct deposit/transfer to the Stanbic mmf bank account, then you have to furnish him/her your account details (name and number) to fill the bank teller appropriately.

Boyhood:
Are you willing to give out your login details to the person to use and fund your account via the app (Be security conscious oh).
But If the person is doing a direct deposit/transfer to the Stanbic mmf bank account, then you have to furnish him/her your account details (name and number) to fill the bank teller appropriately.

Alright

oludy:
I thought there is a limit of N2.5m, or is there a way to increase that beyond? I am curious to know.

Well, I've not had reason to go beyond 2.5 m . I have not for once had more than that in my mmf account.

You should try out the tip as @Boyhood rightly said. Let the house know how it goes.

Boyhood:
As a curious person, you can try out the tips given if it works fine, your curiosity has been solved. If it doesn't work out, you can let us know so we learn from you.

Maximum redemption online is 2.5m,but if you wish to redeem more than that contact the stanbic ibtc branch

oludy:
I thought there is a limit of N2.5m, or is there a way to increase that beyond? I am curious to know.

One of the requirements to open a Stanbic MMF account is proof of address showing your name/surname

Can I use my GTBank account statement?

Thanks