Hello Guys.

I'm new to Versa.

I can't find info on the maximum amount of Cash Out from Versa Cash account. In case we need to use a larger amount within 24 hours. And also after the promo ends on 30 June, might need to withdraw most of the account balance in one go.

Thanks in advance

Does the date of processing determine when interest starts accruing? I always thot it was the date the transaction is completed which, for a online transfer in, is 2 working days later. Based on the examples given in the website.

Agreed, withdrawal is T+1. That is specified in the T&C.

But deposit is T+2.

Question is when interest starts accruing on deposits. T+2 I believe

This post has been edited by BWassup: Jun 26 2025, 10:33 PM

Deleted. Just saw the new promo today

This post has been edited by BWassup: Jul 1 2025, 12:37 PM

Can ask, where do you get your baseline? Is is shown anywhere in the app? Is it the Total Assets shown on the 1st page of the app as at last night? Or as at this morning?

I withdrew some funds yesterday (30/6). Processed yesterday, and credited to my bank account today (1/7)

Since the baseline Versa uses for the 4.2% promo is 30/6, would I be entitled to it if I cashed in tomorrow the funds I withdrew yesterday?

A bit confused by Versa

Bro, I agree you are da expert in investments and calculations.

I posted something on 1/7, as per below. Didn't get a response. Can you help?


"I withdrew some funds yesterday (30/6). Processed yesterday, and credited to my bank account today (1/7)

Since the baseline Versa uses for the 4.2% promo is 30/6, would I be entitled to it if I cashed in tomorrow the funds I withdrew yesterday?

Confused by Versa."

This post has been edited by BWassup: Jul 3 2025, 10:25 AM

Versa announced Versa Cash Base Nett Return in June is 4.11%

I only started Versa in May, is this the highest so far?

Plus a bit more via reading article quests and auto-debit quest. Tho these are limited amounts.

Versa is quite generous lately

Any idea when does Versa credits the base returns? As far as I can tell, recently my total assets accrue at just below 3 % per day.

I believe that to be conservative, they use a lower rate daily, because they don't yet know what rate will be declared each month. Once the rate is declared, there will be a one-off adjustment each month end?

Yup.

But how to verify their calculation? Are there statements for May & June in the app showing the daily balances?

Can do what you did or, if there are many transactions, create our own statements for May & June, and calculate the interest on daily balances.

I have 10 cash-in and 6 cash-out during that period, so it's a little more work involved. To complicate matters, they add accrued interest in the cash out (no idea how they calculate the accrued interest).

Based on rough calculations, the interest is more or less what was actually credited.

Thanks for confirming that the system calculations are accurate. I don't think I will bother to do exact calculations

Like the others, I also have not received the 0.3% reading booster.

This post has been edited by BWassup: Jul 29 2025, 05:48 PM

Quest 0.3% is in.

3.3% is for Versa Cash-i.

It's 3.38% for Versa Cash.

Still, it is a big drop, way bigger than the recent cut in OPR, as you say. I am also a bit shocked. Versa Cash is supposed to provide relatively stable returns. Did Versa provide any explanation?

This is not looking good for us if it continues. Will see how August nett return is before making any deposits/withdrawals.

This post has been edited by BWassup: Aug 6 2025, 07:09 PM

From Versa FAQ:

"Investing with Versa means choosing lower risks with potentially higher returns. Versa invests in a specific Money Market Fund called the Affin Hwang’s Enhanced Deposit Fund which only invests in low-risk assets – short term deposits in multiple Malaysian banks. Next, Versa lets you make the most out of your money. Unlike Fixed Deposits which only offers basic interest, Versa offers interest that is compounded daily. Finally, you can make on the spot decisions with Versa. With Versa, you can withdraw anytime with all the interest earned and expect your money to be in your bank account within the next day* – with no penalties!"

Hurt by banks slashing money market deposit rates?

Money market rates ain't going up soon, so what can they do to improve the returns hereafter?

For those of us wondering, if we had made Cash Out on 30 June, which amount was completed and credited to our bank account on 1 July, whether the Cash Out is included in the 30 June Baseline for the purpose of the 4.2% FD Quest, I called Versa CS, who confirmed that the Cash Out on 30 June is NOT included in the Baseline.