Thanks to everyone.. Stanbic mmf is quite easy.. I just received my log in details and i noticed my money is growing too. Customer service is excellent... And i am happy watching my money grow.

Ezeanna:
Good morning investors

I am new to this mutual fund investments but would very much like to invest.
I am interested in FBN and Stanbic MMF for now.
Pls, how do I register/ invest?
Do I walk into any first bank or stanbic bank branch; would I be attended to there?
Thank you as you respond.

For stanbic you can open an mmf account via the mobile app.. Save yourself the stress of going to the bank. You can do it all via the mobile app.. All the best

Hello Wonderful People,

Based on referrals on here, i think stanbic ibtc does it for me. i just have a little question.

can i fill the form online and do all the registration online without going into the bank? i actually saw the form online filled it but nowhere to submit the filled form. is there an email i have to mail it to? please provide me with it. also an i do all documentation now and pay the funds into the account next week? Gurus in the house help a newbie like me with the necessary registration details.

bolarinnwa:
Hello Wonderful People,

Based on referrals on here, i think stanbic ibtc does it for me. i just have a little question.

can i fill the form online and do all the registration online without going into the bank? i actually saw the form online filled it but nowhere to submit the filled form. is there an email i have to mail it to? please provide me with it. also an i do all documentation now and pay the funds into the account next week? Gurus in the house help a newbie like me with the necessary registration details.

Download the stanbic mobile app and then open the account via the app.. Just follow the instructions and it will direct you to the page where you will pay via your debit card. They will then send you log in details within 48hours after you register then you can transact as you wish. Just that there is a limit of about 250k voa the app.. You will need to register in the bank by updating your details if you wish to transact above the limit..

dadebayo1:
Thanks to everyone.. Stanbic mmf is quite easy.. I just received my log in details and i noticed my money is growing too. Customer service is excellent... And i am happy watching my money grow.

So i thought when i initially opened my account

dadebayo1:


Download the stanbic mobile app and then open the account via the app.. Just follow the instructions and it will direct you to the page where you will pay via your debit card. They will then send you log in details within 48hours after you register then you can transact as you wish. Just that there is a limit of about 250k voa the app.. You will need to register in the bank by updating your details if you wish to transact above the limit..

I will advise you to avoid the bolded. That is exactly what i did abt 3 weeks ago and till today my money is hanging where i dont know. They keep on pushing the blame to interswitch.

haibe:


I will advise you to avoid the bolded. That is exactly what i did abt 3 weeks ago and till today my money is hanging where i dont know. They keep on pushing the blame to interswitch.

your case don pass interswitch bro, just find time go to their office with the evidence of your payment.

haibe:


I will advise you to avoid the bolded. That is exactly what i did abt 3 weeks ago and till today my money is hanging where i dont know. They keep on pushing the blame to interswitch.

Sorry about that sir. Guess there was a downtime or probably a network issue.. You can call ‭070068882538637‬ . they will definitely respond positively to your request. All the best sir.

Investment made easy with stanbic mmf. I subscribed via the mobile app yesterday.

My account got credited in less than 24hours. The online experience is great. I have also successfully redeemed my investment via the mobile app as well.

Tho there may be a few issues as claimed by some here, still stanbic has a great online platform.

Quick tip for anyone that has issues with account not being credited. Go to their Twitter handle. It's the best way to get issues resolved.

I've used it several times and it has worked for me. Response is swift

kaze4blues:
Being trying to redeem my funds with stanbic ibtc since Monday.

Up till this moment the redemption mails I sent have not even been replied.

This is a very bad experience from stanbic ibtc. Why hold on to customer's funds despite promise of a seamless redemption at any point in time.

They even refused to respond to tweets on their twitter handle.

Is it until I scream and put up articles on social media before they take things serious?

I urge all intending customers of their mutual funds to exercise more constraints before investing with stanbic ibtc..

I will go to their branch again today to physically submit my redemption form.

But you just praised them this morning

The interest on my available balance is slightly more than the displayed interest on my app.
Please why is this so?

Pls I don't really understand stanbic ibtc mmf pls if I investment with 100000 thousands by own do in get my moneney I invested back plus interest.? Again can I withdraw frombthe account?
Thirdly hope I will not loss my money?

dotcomnamename:


But you just praised them this morning

This was a long time ago. Almost a month. I redeemed that time. I just reinvested yesterday

dadebayo1:



Sorry about that sir. Guess there was a downtime or probably a network issue.. You can call ‭070068882538637‬ . they will definitely respond positively to your request. All the best sir.

Thats SIAML number right? I still spoke with them today, they claimed they didnt get the fund. GtB claims the fund left my account. Later on they said the problem might be with interswitch. Now i have no other number to call, i definitely do not have any business with interswitch.

haibe:



Thats SIAML number right? I still spoke with them today, they claimed they didnt get the fund. GtB claims the fund left my account. Later on they said the problem might be with interswitch. Now i have no other number to call, i definitely do not have any business with interswitch.

this quite a ordeal.

my heart goes out to you.

please cool down till you can reach one of their offices.

but wait o... Is there no ibtc bank in your location?

RealityShot:
this quite a ordeal.

my heart goes out to you.

please cool down till you can reach one of their offices.

but wait o... Is there no ibtc bank in your location?

Not one that i know of

haibe:


Not one that i know of

see their branches there. Please visit asap.. Banks like delay especially when you cant pin the fault on them. Take it easy and expain to them.

Address: Iwo Rd, Iwo Road, Ibadan, Oyo

Address: Plot 1B, Moshood Abiola Way, Oluyole,
Ibadan, Oyo State, South West

Stanbic IBTC Bank Plc. Address: 15,
Jimoh Odutola Street, Ogunpa/ Dugbe,
Ibadan, Oyo State. Phone: + 234 2 2412189,
241 24294, 241 2458

stanbic IBTC,orita mefa,ibadan, Oyo, Nigeria

RealityShot:

see their branches there. Please visit asap.. Banks like delay especially when you cant pin the fault on them. Take it easy and expain to them.

Address: Iwo Rd, Iwo Road, Ibadan, Oyo

Address: Plot 1B, Moshood Abiola Way, Oluyole,
Ibadan, Oyo State, South West

Stanbic IBTC Bank Plc. Address: 15,
Jimoh Odutola Street, Ogunpa/ Dugbe,
Ibadan, Oyo State. Phone: + 234 2 2412189,
241 24294, 241 2458

stanbic IBTC,orita mefa,ibadan, Oyo, Nigeria

thanks

haibe:



Thats SIAML number right? I still spoke with them today, they claimed they didnt get the fund. GtB claims the fund left my account. Later on they said the problem might be with interswitch. Now i have no other number to call, i definitely do not have any business with interswitch.

Sorry about that sir.. Yes it is SIAML number but you can also call Mr Emeka 0803******** during work hours between 8am to 4pm monday through friday .. He would tell you the true state of things.. All the best sir

dadebayo1:



Sorry about that sir.. Yes it is SIAML number but you can also call Mr Emeka 0803 xxxxxxx during work hours between 8am to 4pm monday through friday .. He would tell you the true state of things.. All the best sir

great! But please remove the man's number.. Its not safe. I do have my local office agent's private number but pm is better.
thanks for helping!

dadebayo1:



Sorry about that sir.. Yes it is SIAML number but you can also call during work hours between 8am to 4pm monday through friday .. He would tell you the true state of things.. All the best sir

Thank u bro, i will call on Monday. I will also visit their lagos office on Monday if possible. Thanks a lot.

Isn't it ironic that i have incurred several costs on calls, and now transport that is way beyond the interests i was trying to derive from the investment. Talk abt making losses!!

haibe:



Thats SIAML number right? I still spoke with them today, they claimed they didnt get the fund. GtB claims the fund left my account. Later on they said the problem might be with interswitch. Now i have no other number to call, i definitely do not have any business with interswitch.

Dear sir, You may definitely have a business with Inter switch if you carried out the transaction through the Quicktellar platform, which is likely.
In January 2017, I also transferred a somewhat huge sum on an ATM from my Stanbic to my Zenith account. The response from the machine after the transaction was something like "...issuer or switch inoperative" or so. The former account was debited, but the latter wasn't credited. Long story short, it was by contacting Interswitch that I got to find that the fund was successfully transferred to Zenith, but their own network issue at the time caused the hang. They also followed up with the transaction by sending E-mails and reminder E-mails to Zenith, copying me each time. Eventually after about 84 hours after my very first complaint to Stanbic, the zenith guys credited my account.
Reach Interswitch on +234 700 906 5000. You can also use Google to get their other contacts and E-mail address.

awesomeJ:

Dear sir, You may definitely have a business with Inter switch if you carried out the transaction through the Quicktellar platform, which is likely.
In January 2017, I also transferred a somewhat huge sum on an ATM from my Stanbic to my Zenith account. The response from the machine after the transaction was something like "...issuer or switch inoperative" or so. The former account was debited, but the latter wasn't credited. Long story short, it was by contacting Interswitch that I got to find that the fund was successfully transferred to Zenith, but their own network issue at the time caused the hang. They also followed up with the transaction by sending E-mails and reminder E-mails to Zenith, copying me each time. Eventually after about 84 hours after my very first complaint to Stanbic, the zenith guys credited my account.
Reach Interswitch on +234 700 906 5000. You can also use Google to get their other contacts and E-mail address.

baba done come! Hurray!

haibe:


Thank u bro, i will call on Monday. I will also visit their lagos office on Monday if possible. Thanks a lot.

Isn't it ironic that i have incurred several costs on calls, and now transport that is way beyond the interests i was trying to derive from the investment. Talk abt making losses!!

I dont call with my credit oo... I am a customer and each time i call them after introduction i simply ask the rep to call me back and then i drop the call after the rep takes down my details ot works for me everytime.... Bank pays for the calls... Another method i use is to use the online chat then i simply request for a call back... They will always call back... .

dadebayo1:


For Stanbic, you can open an mmf account via the mobile app. Save yourself the stress of going to the bank. You can do it all via the mobile app. All the best

What is thw name of the mobile app called? Secondly, if I should start up MMF with N5000 or N10,000, how much will be my interest or dividend quaterly, daily and year? I hope to increase it in the near future. I am just a small salary earner hoping to increase my finances by investing. Thank you!!

awesomeJ:

Dear sir, You may definitely have a business with Inter switch if you carried out the transaction through the Quicktellar platform, which is likely.
In January 2017, I also transferred a somewhat huge sum on an ATM from my Stanbic to my Zenith account. The response from the machine after the transaction was something like "...issuer or switch inoperative" or so. The former account was debited, but the latter wasn't credited. Long story short, it was by contacting Interswitch that I got to find that the fund was successfully transferred to Zenith, but their own network issue at the time caused the hang. They also followed up with the transaction by sending E-mails and reminder E-mails to Zenith, copying me each time. Eventually after about 84 hours after my very first complaint to Stanbic, the zenith guys credited my account.
Reach Interswitch on +234 700 906 5000. You can also use Google to get their other contacts and E-mail address.

Thanks i will reach them. Do they work weekends.

coolangel54:

What is thw name of the mobile app called? Secondly, if I should start up MMF with N5000 or N10,000, how much will be my interest or dividend quaterly, daily and year? I hope to increase it in the near future. I am just a small salary earner hoping to increase my finances by investing. Thank you!!

You can download the app from google playstore it is called stanbicibtc mobile app #appyness once you download the app install it and follow the instructions under the "open an account" option.. Then you select mutual fund and follow the instructions... A simple way i calculate is amount to invest divided by 100 then answer multiplied by 17% (which is current interest rate) then you divide the answer by 12 to give you monthly interest and further divide by 30days to give you daily interest... for example

#5000\100 = 50
Then 50 x17% (interest) = #850 yearly
Then #850 /12months = #70.83k monthly
Then #70.83k monthly /30days in a month = #2.36 dsily

So for your 5k thats how much you make... Guess it is still better than leaving it in a savings account...

You can start small and continue to add more funds to your investment as you wish.. All the best ma

RealityShot:
baba done come! Hurray!

Many thanks boss for the warm gesture. God bless.

.

haibe:


Thanks i will reach them. Do they work weekends.

Not sure. But you should dial the line to see if you get a response. I however remember there were instances when I spoke with them at times later than 7pm. So I suppose their support centre could be the 24/7 type.

@dadebayo1 The interest rate for SIAML MMF is no longer upto 17% it's now between 15 & 16%..

@coolangel54 If I were in you I will not concentrate on what I will gain for now...I will rather use it as a form of savings instead of putting the money in savings account .. If you are consistent in topping whatever amount you can afford (not below 5k) with time you will see your savings grow before you start considering it as an investment option.