NewStats: 3,263,183 , 8,179,348 topics. Date: Wednesday, 04 June 2025 at 11:58 PM m416g

xtain7:

That's nice Thanks man

You are welcome Bro...

xtain7:


Yes you can make a direct transfer to Stanbic ibtc acc
For local transfer of funds, kindly find listed below the receiving Bank details:



Receiving Bank: Stanbic IBTC Bank
Bank Location: Walter Carrington Crescent (WCC)
Sort Code: 221150014
Name: FIRST TRUSTEES/SIMM
number: 9202476223

Hello boss, do you know if there's a transfer charge to this payment method? Like quickteller, there's an extra 100 naira charge.

RAY12345:


Hello boss, do you know if there's a transfer charge to this payment method? Like quickteller, there's an extra 100 naira charge.

It's a normal transfer and normal transfer charges apply. If you don't want to get charged at all then you can pay via the app

RAY12345:


Hello boss, do you know if there's a transfer charge to this payment method? Like quickteller, there's an extra 100 naira charge.

If you have a Stanbic IBTC bank and you do the transfer from there it is free... Because that is a Stanbic . Do not forget that after the transfer you will still need to fill a form in that bank that would be sent to Stanbic asset management to notify them of you deposit.

Modify..
You can also scan and send the transfer receipt/proof through online platform by choosing the proof of investment option when logged in.

AbbyE:


It's a normal transfer and normal transfer charges apply. If you don't want to get charged at all then you can pay via the app

Thanks

freeman67:


If you have a Stanbic IBTC bank and you do the transfer from there it is free... Because that is a Stanbic . Do not forget that after the transfer you will still need to fill a form in that bank that would be sent to Stanbic asset management to notify them of you deposit.

That's like a long process tho unlike the quickteller route.

Please I am trying to redeem funds through the app and I am being asked my security answer without the app displaying the question. Is there any way I can see my security question? Thanks

haibe:
Please I am trying to redeem funds through the app and I am being asked my security answer without the app displaying the question. Is there any way I can see my security question? Thanks

Yes there's
Just screenshots where you having issues
Let me see how to assist you....
But in the Case where you're trying to set up a security questions if you have none
Try call the customer care Rep

xtain7:

Yes there's
Just screenshots where you having issues
Let me see how to assist you....
But in the Case where you're trying to set up a security questions if you have none
Try call the customer care Rep

I have set up a question, I just cant . How dp I see the question I set up

haibe:
Please I am trying to redeem funds through the app and I am being asked my security answer without the app displaying the question. Is there any way I can see my security question? Thanks

You won't be able to retrieve on the app (at least not that I know of) but to the mobile site and try to redeem. Under where it asks for your security answer, you'd see where you can retrieve your security question

AbbyE:


You won't be able to rg

why

haibe:
why

Lol read my response again, I posted it without completing it

the way rates are going south eh... seems we'll soon reach single digit

AbbyE:


You won't be able to retrieve on the app (at least not that I know of) but to the mobile site and try to redeem. Under where it asks for your security answer, you'd see where you can retrieve your security question

Thanks. Did you get this message on redemption? Any reason why the number is showing N/A

haibe:


Thanks. Did you get this message on redemption? Any reason why the number is showing N/A

It usually shows N/A but not worry, all is well..

haibe:


Thanks. Did you get this message on redemption? Any reason why the number is showing N/A

It's OK. Your will be credited ....

pinkgems:
Hi guys,
The contributions here have been really helpful.

I checked FMAN today for the yields and saw that Investment one Vantage Guaranteed Income Fund VGIF has the highest yield of 14.21%.
However, i haven't seen any information here as regarding this particular investment fund.

Will really like to know the if this 14% is the true yield, what is the characteristics of this fund(long run or short run investment) and any info you think I should know.

It will be kind if I can get a response to this. Thanks

haibe:
Please I am trying to redeem funds through the app and I am being asked my security answer without the app displaying the question. Is there any way I can see my security question? Thanks

If u re using a phone app, your security question wont be display only d answer column will show, access the website via computer and your security question will be displayed. That was how i did mine if its not a long process.

pinkgems:


It will be kind if I can get a response to this. Thanks

I subscribe to this VGIF in May 2018 and was paid roughly 14.2% in 1st week of July.

So I think its the average of the daily rates posted on their website.

Hope this helps

irookie:


I subscribe to this VGIF in May 2018 and was paid roughly 14.2% in 1st week of July.

So I think its the average of the daily rates posted on their website.

Hope this helps

Is this net interest? Any idea about their mgt fees?

haibe:


Can you tell us what the mgt fee and other deduction is? Do they deduct on redemption or on weekly interest accruals

The mgt fee/deduction is around 0.35% to 0.45%. (thats y i said they are not transparent)

They deduct on your daily interest, the interest paid is after their deduction and No they do no deduct on redemption, only the normal bank transfer charges.

Hope this helps

Toun2nl:

Is this net interest? Any idea about their mgt fees?

I think 0.05% of the accrued interest.

can someone confirm this?

irookie:


The mgt fee/deduction is around 0.35% to 0.45%. (thats y i said they are not transparent)

They deduct on your daily interest, the interest paid is after their deduction and No they do no deduct on redemption, only the normal bank transfer charges.

Hope this helps

Very helpful.

One more thing.

Which is the actual interest. Is it the difference between what I invested, and the actual amount I see on the app - or the interest written with a small font below that amount

haibe:


Very helpful.

One more thing.

Which is the actual interest. Is it the difference between what I invested, and the actual amount I see on the app - or the interest written with a small font below that amount

Yes to both, the difference between what you invested and the actual amount I see on the app is/should be thesame with the interest written with a small font below that amount.

Hope this helps

haibe:


Very helpful.

One more thing.

Which is the actual interest. Is it the difference between what I invested, and the actual amount I see on the app - or the interest written with a small font below that amount

Also this might help...How I calculate my daily interest ( I do this once a week)

1. I find the difference between today's and yesterday's interest.
2. I divide the amount in (1) above by the the difference between the available balance and the available interest and multiply by 365 (days).
3. (2) above is the interest rate for that day and the difference between (2) above and the amount quoted on their website is their total % deduction.

haibe:


Very helpful.

One more thing.

Which is the actual interest. Is it the difference between what I invested, and the actual amount I see on the app - or the interest written with a small font below that amount

The interest is the difference between what was invested and what you have now. It may not always be equal to what you can see on the app as interest because a part of it may have been reinvested as principal

[quote author=AbbyE post=70089721]


The interest is the difference between what was invested and what you have now. It may not always be equal to what you can see on the app as interest because a part of it may have been reinvested as principal

Yes, very correct!

AbbyE:



The interest is the difference between what was invested and what you have now. It may not always be equal to what you can see on the app as interest because a part of it may have been reinvested as principal

Thanks. I noted mine has never been the same

irookie:


Also this might help...How I calculate my daily interest ( I do this once a week)

1. I find the difference between today's and yesterday's interest.
2. I divide the amount in (1) above by the the difference between the available balance and the available interest and multiply by 365 (days).
3. (2) above is the interest rate for that day and the difference between (2) above and the amount quoted on their website is their total % deduction.

Thanks bro

H,m

irookie:


I think 0.05% of the accrued interest.

can someone confirm this?

thanks.

eezeribe:
For stanbic ibtc mmf redemption :
Please be informed that the maximum you can redeem online is N2.5m daily. In the event you desire to redeem above the maximum , kindly execute the attached order and forward same for processing.

 

Could you please send the stanbic mmf form to my email:
[email protected]

Hi guys, Is subscription the same thing as top up on the app when trying to increase the fund...

Talking about Stanbic mmf.