Individual preferences. People who use SA for investments + Simple may choose not to migrate to Versa because they don't feel it's worth the inconvenience of register another apps just for MMF

Yes, I'm one of them.

Very cute and interesting visual way to show how long before payout happens on Versa.

Although not particularly useful for experienced investors, it's a nice little indicator for people who are new to MMF investing.

What does it indicate? Goal that you set?

It just tracks number of days until next dividends paid by HWAEDEP It ticks upward every day. Makes people feel anticipation towards dividends payout day haha

It's a form of "gameification" design that's actually quite interesting and might motivate people to hold onto investment longer.

Btw now you are using which for now?

Will it be any SOP if suddenly there's huge transaction in the account?

Currently using both. Have put in roughly equal amount of money to track their individual performance.

If you mean transfers between bank account and Versa/SA, so far I've never gotten any warnings from bank, but my bank is used to large sums of money suddenly moving in/out my account 😅 I think for banks they mostly want to find out your source of funds and that they're legit clean money (not from criminal activities/money laundering/terrorist financing), so if you transfer from SA/Versa they usually won't get red flags because they're legitimate entities registered under Malaysia Securities Commission.

Yea maybe this is due to AMLA?

Yes meaning is there any problem If you sudden move in and out huge transaction

But based on your observation

Should be safe as long you know yourself clean?



How about this scenario

Because sometimes we have many transaction
Hence might forgotten 1 or 2 transaction
If somehow some other fellow wrongly deposit an amount to you

And if you are not aware for some time the money in

And suddenly there's a flag raise

And some authority find you due to uncertainty amount deposited to your account from unclean sources.


Do you think

It will be trouble?

Itu best you consult with bank directly or with your lawyer, not a random LYN forumer like me

Based on the way you are commenting

Actually can feel that you are experience guy especially finance part

Don't be too humble=)

Only from personal experience with managing bmy family's and my finances and knowledge from research LOL

But I zero direct experience with that kind of situation you describe, so I don't know what will happen or what kind of legal process is involved.

Also asking about suspicious transaction is a bit out of topic with this thread, suggest you start your own thread elsewhere so sifus can discuss better?

This post has been edited by DragonReine: Feb 22 2021, 05:42 PM

Yes for liquidity purpose because withdrawal received next business day

SA and versa no issue because all transaction staff are conducted in RM hence AMLA will not happen unless a police warrant on a suspected person account which both Versa and SA have segregated account which will not affect the majority of the holders

in that case SA better, while waiting for Versa to verify my newly opened account, i dumped more and more to SA.


huge amount means? 500k or 1 M?

my newly opened Stashaway already pumped in JOMPAY 360k so far like that can get queried?
probably more tomorrow as Versa rate not so good , need to be scared meh?

Meaning there's might be quite some numbers o
of transaction within nearest time

Like 5-8 times transaction within 3 days

And each of that involving huge amount

And from and into different of accounts

Other than yourself.

Versa only take 3 days to open Andy process deposit hence better gains than Simple which takes a week which you loss of opportunity of gaining interest

Whoever dump 500k or 1million must be a cash rich person who don’t want to make more money because the gain starts on the upside will only hit 200 to 400 per month hence will be wiped out easily by inflation

versa pretty fast in buying into the funds but then it will be reflected abit slower on the app

took around 2 days to buy into the fund and then another 3 days to be reflected in the app. as long as buy into the funds d i dont really care when it is reflected in the app actually.

so far faster than SA simple

Before 12pm deposit the buy order is on the same business day and reflected in the app 3 days because of the back office statement which are a bit slow on their end which I hope they will improve just like their withdrawal process which takes at least 30 hours to be processed

Versa about time again hopefully this week again big payout coming soon in more free units 🤗

About time again for?