Moomoo cash plus

[sohguanh]

So far from the recurring 6.8% smart save promotion, it has the TnC of the top up amount from start of promo period that shall be entitled for the 6.8%,
That said, if you are in a previous promo in Feb 1st to Apr 1st, It would be better to exit & encash few days prior to Apr 1st. Cos if the new promo starts, it will be from Apr 1st.
If you have intentions to continue enrol in the new 6.8% promo, have to do this.
If u allow the previous amount to run beyond Apr 1st, then in order to enjoy the new one, u have to top up additional amount into the acct, on top of existing. The existing amount will not be able to withdraw else top up amount be affected.
Correct me if am wrong in my understanding.

That is my understanding too. Simple rule is when the promo campaign start that date how much you already have existing form the baseline and they determine amount add in on top of that.

When they first have this kind of promo in National Day 2023 don't have. Then ppl play games so next similar promo onwards they add new rules.

 

[Ahboy069]

Hi all after selling sgd Fullerton fund the amount is back in cash but is not shown as withdrawable? Why is it so? When can I draw? Thanks

 

[sallybee]

What you get is the daily extra returns. E.g today the Fullerton Cash Fund is 3.8% so moomoo top up 3% to make it to 6.8%. Assume always like that all the way they give you monies is that extra 3%. You want the remaining 3.8% you need to redeem aka sell all from the Fullerton Cash Fund.

U can cash out at any time of the promo. The cash coupons will be awarded within a week after your promo period ends. Eg. If u qualified for the 20 days, then by the 20th day + 7 days cash coupon be awarded.

Hi if I put in 20k now, I would qualify under how many days? It will be 6.8% on my 20k right?

 

[heng_ah]

Hi if I put in 20k now, I would qualify under how many days? It will be 6.8% on my 20k right?

You won‘t qualify!

You cannot simply put money like that.
First go to the promotion page and click register first.
If you reach this page, you can see their table for 20k is under which total days.

 

[sohguanh]

Hi all after selling sgd Fullerton fund the amount is back in cash but is not shown as withdrawable? Why is it so? When can I draw? Thanks

Need wait one more day then it can allow

 

[sallybee]

You won‘t qualify!

You cannot simply put money like that.
First go to the promotion page and click register first.
If you reach this page, you can see their table for 20k is under which total days.

Yay thanks for telling me . I followed your instructions and went ahead to register

 

[Ahboy069]

Ok my 40 days was last Saturday I withdraw all out to my trading account and all was in today…. With 60k I got $400 interest not so bad… then I proceed withdraw to my bank… first 15k no issue then they call me n wa me to lire me with $20 which I say no n keep withdrawing … now left 10k still inside they say tmr then approve cause office ppl went home liao … purposely tekan me hahaha

 

[yslvlys]

Ok my 40 days was last Saturday I withdraw all out to my trading account and all was in today…. With 60k I got $400 interest not so bad… then I proceed withdraw to my bank… first 15k no issue then they call me n wa me to lire me with $20 which I say no n keep withdrawing … now left 10k still inside they say tmr then approve cause office ppl went home liao … purposely tekan me hahaha

So withdraw 15k and below won't kena phone call from Moomoo?

 

[sallybee]

Ok my 40 days was last Saturday I withdraw all out to my trading account and all was in today…. With 60k I got $400 interest not so bad… then I proceed withdraw to my bank… first 15k no issue then they call me n wa me to lire me with $20 which I say no n keep withdrawing … now left 10k still inside they say tmr then approve cause office ppl went home liao … purposely tekan me hahaha

How come you must break the withdrawal? You can't one shot take out $60k with the $400 interest?

 

[Ahboy069]

I’m trying not to shock n alert them since the first 15k went through immediately but the next 20k (3rd time) trigger their wa n phone call liao

 

[bumdssa]

That is my understanding too. Simple rule is when the promo campaign start that date how much you already have existing form the baseline and they determine amount add in on top of that.

When they first have this kind of promo in National Day 2023 don't have. Then ppl play games so next similar promo onwards they add new rules.

i am abit confused due to the dynamics of previous promotions also. seems like the "loop hole" is closed?

i was in the 5.8% promo earlier and withdrew my funds of 80k on 4th apr.
so for the new 6.8% promo now, if i were to put in 200k, my "fresh funds" is only 120k? even if i have not registered for the promo. am i correct?

i remember last time as long as havent click register still can "hack".

 

[revhappy]

i am abit confused due to the dynamics of previous promotions also. seems like the "loop hole" is closed?

i was in the 5.8% promo earlier and withdrew my funds of 80k on 4th apr.
so for the new 6.8% promo now, if i were to put in 200k, my "fresh funds" is only 120k? even if i have not registered for the promo. am i correct?

i remember last time as long as havent click register still can "hack".

There is no loop hole. It is the intended behaviour. Basically you are entitled to participate once every promo. So for example the previous promo ended on Apr 1 and then the next one ends on Jul 1. So if you participated in the promo which ended on Apr 1, then as soon as the 20/40/60 days are over, you can withdraw your funds. Then click "register" then deposit again. You dont need to withdraw everything. You only need to withdraw-register-deposit, the amount required to meet the threshold. So for example for 20 days, you only need to withdraw-register-deposit 10k and the entire balance is eligible for the 6.8% for 20 days.

Basically not everyone has the intellect to understand this mechanics or they are not bothered to do the leg work. But those who know can enjoy the benefits.

 

[wongdawson]

hi all i am a newbie in investment just open a moomoo acct how do I deposit to get the 6.8 % ?

 

[reflecx]

i am abit confused due to the dynamics of previous promotions also. seems like the "loop hole" is closed?

i was in the 5.8% promo earlier and withdrew my funds of 80k on 4th apr.
so for the new 6.8% promo now, if i were to put in 200k, my "fresh funds" is only 120k? even if i have not registered for the promo. am i correct?

i remember last time as long as havent click register still can "hack".

Start date is 1 Apr, so whatever you put in need to minus your assets at start date to be considered fresh fund.

 

[revhappy]

Start date is 1 Apr, so whatever you put in need to minus your assets at start date to be considered fresh fund.

No lah, not like that. See my post above.

 

[bumdssa]

There is no loop hole. It is the intended behaviour. Basically you are entitled to participate once every promo. So for example the previous promo ended on Apr 1 and then the next one ends on Jul 1. So if you participated in the promo which ended on Apr 1, then as soon as the 20/40/60 days are over, you can withdraw your funds. Then click "register" then deposit again. You dont need to withdraw everything. You only need to withdraw-register-deposit, the amount required to meet the threshold. So for example for 20 days, you only need to withdraw-register-deposit 10k and the entire balance is eligible for the 6.8% for 20 days.

Basically not everyone has the intellect to understand this mechanics or they are not bothered to do the leg work. But those who know can enjoy the benefits.

Did you managed to do it this time around and see it reflected? I checked with CSO they told me how the calculation of fresh funds is... As long as I have any funds after the start of the promo which is 1st apr... I need to deduct those amount even if I didn't register yet.

 

[bumdssa]

Start date is 1 Apr, so whatever you put in need to minus your assets at start date to be considered fresh fund.

Yeah this is what the cso told me. It's a bit different last time from my understanding.

 

[yslvlys]

No lah, not like that. See my post above.

Read the terms again carefully

 

[Ahboy069]

So after successfully withdrawing 60k… I will deploy in ocbc for the month of April n maybe May then go too moomoo again in June before the promo ends

 

[x_men_naruto96]

No lah, not like that. See my post above.

I think no need to say so much. If they know, they know