Hi Sifu,

Just want some info before I cash in money into Versa.

1. 4.3% promo rate is first RM30,000. Would I enjoy this promo rate of 4.3% if I transfer in RM30,000 to versa cash and another RM30,000 versa cash-i? Would the total RM60,000 enjoy 4.3% promo rate?

2. I understand that 4.3% promo rate is net promo rate. Did anyone experience getting lesser than 4.3% in the past few months? In other words is the 4.3% promo rate guarantee or would the rate fluctuates?

Thank you sifu.

depends on how your calculate
it would be straightforward if you use their NAVs


if you want the tedious way,

still pending for the August rebate

Thank you. Very detailed but tedious. 

Based on feedback, it seems like it will definately be 4.3% return with rebate. I guess I'll just try it out and calculate it for the first few months to confirm it's indeed 4.3%.

I saw the Rize thread that it seems like the returns are not as per publised. So hopefully Versa is the same case as Rize.

Everybody know the volatility of the financial and capital markets, yet many still have faith in putting money to an uninsured financial technology platform..

versa still not yet paid out rebates...

It is regulated in the 1st place 🤦‍♀️ by SC itself hence the risks is low but I wouldn’t put in more than 30k because of the rebates
Suspect they waited for BNM news before calculating those rebates and it looks like the promo or rebates might be lesser next month

eh? i thought it's net 4.3% promo rate regardless OPR up or down?

I'm confused.

It is regulated in the 1st place 🤦‍♀️ by SC itself hence the risks is low but I wouldn’t put in more than 30k because of the rebates
Suspect they waited for BNM news before calculating those rebates and it looks like the promo or rebates might be lesser next month

Everybody know the volatility of the financial and capital markets, yet many still have faith in putting money to an uninsured financial technology platform..

versa still not yet paid out rebates...

eh? i thought it's net 4.3% promo rate regardless OPR up or down?

I'm confused.

If OPR goes up they will have to up their promo 🤦‍♀️ plus it is already time for them to revise again after every quarter

dont dream opr will up
i dreaming since May till now

Thank you for your inquiry.

Upon reviewing your account, we can confirm that your Campaign rebate for August 2023 has been duly processed and approved.

However, we regret to inform you that there has been a slight delay in crediting this rebate to your Versa account. We understand the inconvenience this may have caused and sincerely apologize for the delay.

We anticipate that your rebates will be credited to your Versa account by the end of 29 September. This extended processing time is a result of an unexpected response to this particular campaign.

We genuinely appreciate your patience and understanding in this matter. Please rest assured that you will receive the rewards you are entitled to as soon as possible.

If you have any further questions or concerns, please do not hesitate to contact us. We are here to provide you with any assistance you may require.

Once again, thank you for your patience and cooperation.

dont dream opr will up
i dreaming since May till now

Won’t happen for sure that’s why I already mention before 🤦‍♀️ when recession hits next year BNM will be tool less again and slowly will start cut rates while forcing govt hands to spend more and depreciate the money

i like to dream it hit 5%

This month no Rebates masuk for Sep 2023... any issues ?