So anybody in here done any experiment with Allocate+?

What is be best way to get registered for Allocate+ or iAccess smoothly?

I believe you were doing selective reading.

Which problem can be solved faster?

I would like to wait till all the problems have been weeded out.

When will my withdrawn funds from Versa's appear in my bank account?

Withdrawal request will be processed on the same day if submitted before 12 p.m. on a Business Day,

(Mon - Fri).
The funds are expected to appear in your bank account the following business day.

Requests submitted after 12 p.m. and Weekend requests will be processed on the next business day.

This post has been edited by GrumpyNooby: Feb 7 2021, 10:41 AM

App update (Android) for Versa

//v0.0.25 Release Notes:
- Minor performance updates
- Minor Bug fixes

Why must be RM 50?

If Versa, it looks like daily interest will be shown in the app.

What is difference between overnight interest and dividend?

Bank Negara likely to cut OPR by 25bps at March meeting

KUALA LUMPUR: Bank Islam Malaysia Bhd expects Bank Negara Malaysia (BNM) to cut its overnight policy rate (OPR) by 25 basis points (bps) at the upcoming Monetary Policy Meeting scheduled for March 4.

Chief economist Dr Mohd Afzanizam Abdul Rashid said the reduction projection was due to the visibility of economic uncertainties following the reintroduction of Movement Control Order (MCO 2.0).

He said the mobility restrictions would create a serious impact on the economy if it is further extended and the period remains unpredictable.

"Therefore, Bank Negara has to come in through an OPR cut. Whatever it is, all depend on the period of MCO,” he told Bernama.

Mohd Afzanizam said the projection has taken into account the COVID-19 vaccine -- a variable that is still uncertain to take place.

https://www.thestar.com.my/business/busines...t-march-meeting

Yes, I believe the same! CNY bonus on the way!

So Versa return overperformed Simple™?

I thought the recent is amazing and since everybody is talking about payout in here.
Perhaps Versa or Affin is distributing red packets via the app.

This post has been edited by GrumpyNooby: Feb 16 2021, 11:30 AM

Versa app update for Android

//v0.0.26 Release Notes:
- Update App User Interface
- Reduce minimum deposit

RM 1 at nowadays barely can buy something useful and tangible.

FD without lock in period and return isn't guaranteed.

How much extra are we talking about? What is the rate in per annum term?

So you keep for less than a month?

Keep till about dividend to declare, cash out and put back after dividend is announced?

With this strategy can maximize the return the extra overnight deposit?

RM 0.01 per RM 100 only?

I thought they're going to compensate generously due to incompetency of processing as fast as they could; i.e at the rate of RM 1 per RM 100.

This post has been edited by GrumpyNooby: Feb 21 2021, 06:42 PM