Once a month get interest. It's not daily like KDI Save.

not daily but I see almost every other day will increase. According to their T&Cs, the base will be this increase then the bonus 1.5% will be given the next month. A bit confusing but thats how it works

Daily interest 2.5%, then if you keep for 1 month you get the additional 1.5% then it's 4%, hmm

Versa must have realised many by now probably already aware of the 4% return "promised"
is actually subjected to FCFS basis AND
untill quota habis ie no guarantee....

The revelation of that "hidden" info itself has caused many
to put a brake on their plan to put money in Versa.

so naturally Versa must come up with more candies to entice us
This one will surely attract many more to join. try my luck why not...

I never win anything from this even from banks.

people still go try wan...clever move from Versa
the brunt would be on us who are already in,
many more coming to Versa means
quota would be finished faster

Don't think quota will finish that early lol. In marketing normally it is allocated with a higher budget one. Plus OPR is rising, they have to rebate lower % compared to before. Dont worry so much haha

Ya bro, this guy2388 like some sceptical aunty hahaha. All promos always got this clause to limit cost for the company like Go+ campaign last year also

Never get your bonus then only complain la. Altho I also hope they don't scam me lol

Macam GE15 you can say all also false promises. Gov can only prove themselves when elected.

check your email invite

------------------

Affin Hwang AM x Versa

It’s no secret that financial planning is important, but in a rising cost and inflationary environment, it’s especially tough. Some day, we all hope to achieve financial freedom where we can finally stop worrying about where our next paycheck is coming from and start doing things we enjoy! But the question is, how do we get there?

Listening to stories from people who have been in our shoes can sometimes help us see things from a new perspective. So let’s face it, adulting and managing our finance isn’t easy. But if we hear from others who have gone through similar experiences, it might help us out.

Join us over the weekend, ✨ PHYSICALLY ✨, for a no non-cents, casual ringgit chats featuring, CEOs of Versa (Teoh Wei Xiang) and RinggitPlus (Siew Yuen Tuck) and moderated by Affin Hwang Asset Management Berhad’s Director of ETF & Innovation Lab (Chong Lee Choo). Together, we will be exploring:

How saving and investing is different for everyone
Saving and investing in the digital world
Money habits to cultivate despite how much you earn
Navigating different career paths and wealth creation

Register to save yourself a seat! Just 2 minutes to complete and the Access Pass will be yours.

Only 80 seats available.

Versa deserves it

It didn't come in with a clean hand on the 4% campaign 1.11.22-31.1.23.

Many got attracted wanted to jump ship already.. till someone revealed the T&C here.
Then many started to pull their brakes, baru lah Versa started the lucky draw since 9.11.22
?as damage control

But when asked in FB , email etc....Versa still say same thing - everyone AUTOMATICALLY gets 4%
go check website now, after many queries still SAME.. not telling is subjected to quota FCFS
Alex replied long letter but avoided mention quota. Ini macam pun boleh?

u hope people dont scam you not enough. you must know their tricks.

If not for the "secret" bocor maybe Versa also wont run lucky draw now.
Actually a genuine 4% is enough to get many jump in.




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takda logik? you tell your view la.

when bonus campaign 4% was announce, wow big hit already many wanna jumpship
if that was good enough why so fast throw in another candy?

either way the intention cant be good - it needs MORE "waterfish" to hit the 2.5%. 4% is the bait,
do la straight forward campaign follow rival- say campaign 3.5% means ALL get 3.5%.apa quota quota

Here's my view:

4% returns to customers is probably still profitable for Versa, maybe just less margins. Even FD can get above 4% already.

Each customer has a 30k capping and the promo bonus rate is only for 3 months, which is only RM37.50 extra per month for every RM30k you're putting in their hands.

Earlier this year Versa announced a milestone of RM100 million in total transactions on their platform since launch, which is tiny, and 30,000 users registered. I suspect a majority are inactive and only have small deposit amounts. You can extrapolate the marketing budget allocated for this from a few data points.

assume only 50% old customers max it out, another 50% no money Zero new deposits,
the cost is RM1,687,500.

Now say 80% of them join with differing amounts:

1) 20% no money - no new deposit for campaign- cost to Versa =0
2) 20% got RM5000 - Need RM112,500 budget
3) 20% got RM10k - Need RM225,000
4) 20% got RM20k - Need RM450,000
5) 20% max out RM30k -Need RM675,000

Just old customers Versa need budget RM1.4 Million++

How about new clients coming in?


What is the budget allocated for this campaign?

This post has been edited by guy3288: Nov 13 2022, 12:27 AM

And you really think they so dumb no plan for numbers meh lmao damn funny sia what is kdi budget?

Think first lah before say Versa so dumb. they are cunning, not dumb at all!
Versa surely has calculated and knew that budget is insufficient.
to cover themselves they put "bonus paid till budget runs out, FCFS".
in other words not ALL can get 4%

KDi's promotion rate covers for ALL, each and everyone can get it.
no need to put until rewards all utlised or FCFS.

Why bother asking its budget when it is NOT relevant?
RM1000000 only so what? we are getting our promo rate as promised.
wasting time ask stupid question to KDI i wont do la.

stalker reported the above,
my answer to you
Buat bodoh kah?yang budget tak cukup u tak tahu, yang budget cukup u tanya buat apa?


This post has been edited by guy3288: Nov 13 2022, 08:10 AM

you are such a lazy fellow,
everything also I must spoon feed you?

Nah here :
https://versa.com.my/versa-cash-4-net-retur...rms-conditions/

edited:
lagi kena report this post
dont agree with the content again?
or cannot accept facts...?

This post has been edited by guy3288: Nov 14 2022, 01:38 PM


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This morning withdrew RM24.8k from KDI and RM30k from Versa

KDI money already received in bank account.

Versa? baru processing......lets see how slow

Note -
Deposits before 9.11.2022 not entitled for lucky draw



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Repost before other start shooting to defend why Versa withdrawal is slower

KDI also has its own problem.. we don't know how they generate the 3.5%. Not much detail or documentation available on it.

Versa is pretty transparent on how to get the returns.

withdraw Monday morning get money in bank Tuesday night not too bad.

i guess KDi is the direct end user of our money , take our money to "spend" pay us interest direct
no intermediary .

Ask them how they spend in treasury ? secret lo business...
ok lo as long can pay stated amount in interest
best is interest straight forward, in cash daily. no units to convert.

so far i tested it well ,no matter how big the amount prompt
no problem.

Versa is not direct or end user of our money. It takes our money give to 3rd party/fund manager to invest
3rd party earn money give to Versa, Versa take a cut ,
pay us the remainder
in its own way
we cant understand also how it was calculated
payout in units
bonus in cash

both also not fully transparent .
KDI use our money for business ...secret cant reveal
Versa use our money buy fund, how it is divided, cant reveal.


safer or not i think both same.
with licence to collect money they should have minimum standard.