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SUSkeluarpattern
post Feb 22 2021, 12:36 PM

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QUOTE(ericlaiys @ Feb 21 2021, 06:54 PM)
Better than SA which don’t have
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But why ppl might still using SA.

If this is better?
SUSkeluarpattern
post Feb 22 2021, 02:35 PM

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QUOTE(DragonReine @ Feb 22 2021, 01:36 PM)
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 laugh.gif
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Btw now you are using which for now?

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

SUSkeluarpattern
post Feb 22 2021, 03:26 PM

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QUOTE(DragonReine @ Feb 22 2021, 03:01 PM)
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.
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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?



SUSkeluarpattern
post Feb 22 2021, 03:44 PM

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QUOTE(DragonReine @ Feb 22 2021, 03:40 PM)
Itu best you consult with bank directly or with your lawyer, not a random LYN forumer like me laugh.gif
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Based on the way you are commenting

Actually can feel that you are experience guy especially finance part

Don't be too humble=)
SUSkeluarpattern
post Feb 22 2021, 06:47 PM

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QUOTE(guy3288 @ Feb 22 2021, 06:39 PM)
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?
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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.

 

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