baroun04:


Either at the bank or bank app make a transfer to their investment account using your E account as narration

He is asking how he can login into the app.


Also hope you can liquidate your investment in SMMF at anytime. What is the penalty for liquidation. Is the penalty on the capital or your interest.

Believe anything you read from punch at your own peril.

Punch na scam.

Btw, this fake news.

Priceless25:
As from November 29 2019.. Treasury bills will no longer be open to individuals, only big corps. This is CBN's new policy.The Punch: CBN stops treasury bills’ sale to individuals.

https://punchng.com/cbn-stops-treasury-bills-sale-to-individuals/

Please which website do you use to find daily rates for MMF for stanbic?

baroun04:
Please which website do you use to find daily rates for MMF for stanbic?

To get daily rate of MMF in Stanbic, login to your Acct online and click on prices you will get d rate of MMF as well as prices of other funds managed by them

Kowry wise offers mutual funds. Has anyone used them? How bad is it?

So I got my e-account number made my first investment today.

To our more experience folks.

The confirmed gist I got from reading the thread was that interest are compounded to the capital quarterly. Someone also now said it is now compounded daily.

I want to know which it is?

So I can calculate my effective interest rate.

introvertme:
Kowry wise offers mutual funds. Has anyone used them? How bad is it?

They offer up to 16% but with no reviews so I'm not trying them, untill they built a user base who can give good reviews about their services

isaacosas01:
So I got my e-account number made my first investment today.

To our more experience folks.

The confirmed gist I got from reading the thread was that interest are compounded to the capital quarterly. [s]Someone also now said it is now compounded daily.[/s]

I want to know which it is?

So I can calculate my effective interest rate.

Interest are compounded quarterly.

isaacosas01:


They offer up to 16% but with no reviews so I'm not trying them, untill they built a user base who can give good reviews about their services

That's why I asked, I can barely find anything about them when I search on here. Most posts have been hidden.

Has anybody here changed redemption account for his mmf on stanbic ?

If yes, how did you go about it.

Psychodavidovic:
Has anybody here changed redemption account for his mmf on stanbic ?

If yes, how did you go about it.

Send a mail to them making your request known. An update form will be sent to you. Complete as directed with d old and new acct details. Scan back to them. It takes 5 working days max. The change will be effected. NB your signature must tally with what they have on their system.

Psychodavidovic:
Has anybody here changed redemption account for his mmf on stanbic ?

If yes, how did you go about it.

Send a mail to them making your request known. An update form will be sent to you. Complete as directed with d old and new acct details. Scan back to them. It takes 5 working days max. The change will be effected. NB your signature must tally with what they have on their system.

isaacosas01:
So I got my e-account number made my first investment today.

To our more experience folks.

The confirmed gist I got from reading the thread was that interest are compounded to the capital quarterly. Someone also now said it is now compounded daily.

I want to know which it is?

So I can calculate my effective interest rate.

For Stanbic MMF, interest is earned daily but compounding/reinvesting is done randomly using their own system. You can call them for more explanation of their system. All other mmf managers compound daily earned interest quarterly.

Does anyone know any of the banks or reputable financial institution who can be removing monthly savings from my account by standing order with at least 13-15% interest?

menthane:
Does anyone know any of the banks or reputable financial institution who can be removing monthly savings from my account by standing order with at least 13-15% interest?

No bank in Nigeria would give you that rate for what you want

Hello house, i was trying to withdraw a particular amount from my Stanbic IBTC MMF. The system declines the amount requested for and says '' The Minimum N5000 must be left in the account following a redemption''. Please, what does this implies?

Umarzy:
Hello house, i was trying to withdraw a particular amount from my Stanbic IBTC MMF. The system declines the amount requested for and says '' The Minimum N5000 must be left in the account following a redemption''. Please, what does this implies?

You either leave a minimum of 5 k in your account or your withdraw everything.

Umarzy:
Hello house, i was trying to withdraw a particular amount from my Stanbic IBTC MMF. The system declines the amount requested for and says '' The Minimum N5000 must be left in the account following a redemption''. Please, what does this implies?

You are required to leave N5,000 which is minimum balance except you opt for account liquidation/closure

emmasoft:


You are required to leave N5,000 which is minimum balance except you opt for account liquidation/closure

Okay, does that mean the N5000 minimum balance can't be withdrawn except i want to close the account?

Desanta:

You either leave a minimum of 5 k in your account or your withdraw everything.

Okay, so it's possible to withdraw everything if i don't want to leave the Minimum of N5K

Can I apply for stanbic MMF online?

Can somebody help me with the FBN mutual fund login website please.

Please I mailed stanbic mmf yesterday with the required documents, I got a reply that I can wait or open the account through a link but initial deposit must be below 20k

My question is since it is taking too long can I just deposit 19k in the first place through the link and top it up with the amount I want to and won't it affect the interest

Umarzy:


Okay, so it's possible to withdraw everything if i don't want to leave the Minimum of N5K

Yes.
Except your dividend which has not been credited to your account.

Manutd19:
Can I apply for stanbic MMF online?

Yes.
That's what I did.

Desanta:

Yes.
Except your dividend which has not been credited to your account.

okay...Thanks

Please guys and trying to sign on from the FBN QUEST app. But I have been unable to validate my BVN each time I try I get an error message. Please how do I resolve this issue?

I made a mistake in the phone number I filled on stanbic mmf form

Now I have been sent an email containing my e account number and being advised to pay in some amount

My question is though I have sent an email for them to correct the phone number mistake but they are yet to reply my email.

1. will I need my phone number to withdraw whenever I want after 30days?

2. Should I wait for the phone number mistake to be corrected before doing a transfer into the account

I just want to avoid stories that touch the heart.

Tmoore92:
Please guys and trying to sign on from the FBN QUEST app. But I have been unable to validate my BVN each time I try I get an error message. Please how do I resolve this issue?

Send em a mail..... they will send you a form which you will fill and send back to them......you can't open an account with that app

Diogo2019:


Send em a mail..... they will send you a form which you will fill and send back to them......you can't open an account with that app

Thanks, I appreciate

But please can I subscribe my FBN account at will?
What's the procedure if I can?