QUOTE(Optizorb @ May 16 2025, 03:22 PM)
Does Versa process deposits on weekends? Example if i deposit 10k on Saturday before 3pm..
Thinking whether to deposit on Saturday or if i should wait till Monday..
EDIT: I know for withdrawals/cash out, needs to be done on business day Mon-Fri before 3pm. Just unsure whether same rule apply to deposits/cash in.
By logic im assuming it should be the same, but dont want to assume anything.
EDIT2: got my answers. In short, yes follows cash out rules. Detailed explanation available at:
https://support.versa.com.my/hc/en-us/artic...ailable-balancethere are 2 parts in your question
i) they certainly do not process cash-in/cash-out request outside their working hours
ii) whether these funds will be entitled to the interest
cash-out no issue, since they have not processed your request, would still be entitled to the interest as the NAV would be the time when they process instead the time of your request
cash-in is kind of different, NAV would also be the time when they process, i.e. Monday but the money is out so the bank etc would not credit interest/depending on the cut-off time such as go+