Moomoo cash plus

[Mickey01]

Do u still get 1.68%pa booster for 30 days? What's this $10 Cashplus for? I don't see it is mentioned in the t&n.
I just registered today. Am I better off depositing and subscribing tomorrow morning or on 6 Sep?

In the end i did not register and do not want to participate in this promo.

 

[temasek888]

Any noticed that the Stock Cash Coupons awarded for the Moo Moo Carnival requires you to buy 10X the reward in shares before getting the cash? It's not a Cash Coupon, but a 10% discount coupon! This was not stated in the T&C at all!

 

[rob1977]

Any noticed that the Stock Cash Coupons awarded for the Moo Moo Carnival requires you to buy 10X the reward in shares before getting the cash? It's not a Cash Coupon, but a 10% discount coupon! This was not stated in the T&C at all!

im not not even in the top 300. wats ur rank btw?

 

[royalmix]

There is a new promo!

Someone deposited fresh funds/subscribed >500k to secure the top prize of 3k cash coupons!

 

[yslvlys]

Previous variation of this promo see pple subscribing S$2M+ to get top cash voucher

 

[royalmix]

I decided to read the tnc again before I take any action.

Dunno when they change the tnc again!

 

[deemax]

invited for the $100 for $20 for the 3rd time.. easy money..

I was invited the 2nd time and did everything as required. But after 30 days, did not get the $20 coupon this time. Asked CSO, they said it's because I can only join once. Did they pull a fast one on me?

 

[ekardo]

I was invited the 2nd time and did everything as required. But after 30 days, did not get the $20 coupon this time. Asked CSO, they said it's because I can only join once. Did they pull a fast one on me?

Hmm, think you have case to fight for.
My 3rd round was rejected but that was before I start depositing the $.
Also told only for new applicant.

 

[reflecx]

Unexpectedly got $80 from the wealth management challenge. Wasn't even looking at it as I was just taking part in the "up to 6.8%" promo. The top person put in $4m to win $3k!

 

[sohguanh]

The previous put 30 days wait 60 days 6.8% promo finally ended for me. From the app the icons changed to Issued but I check the Rewards page don't have maybe wait a day or two.

 

[yslvlys]

The previous put 30 days wait 60 days 6.8% promo finally ended for me. From the app the icons changed to Issued but I check the Rewards page don't have maybe wait a day or two.

I got the rewards today. Check the calculations. Mine is off a few dollars. No big deal but I still raised to customer service.

 

[JivBunny]

So does that mean that say I deposit $20k inside moomoo and transfer all the money inside this cash+ and I buy a stock worth $15k, it will automatically deduct $15k from my cash+?

And say after I sell this stock at $16k, this amount of money will go into my cash account or cash+?

Assuming if it goes to my cash+ then If I need to withdraw that $1k profit, then I will need to withdraw $1k from the cash+ to my cash account before moving to my bank account?

 

[sohguanh]

So does that mean that say I deposit $20k inside moomoo and transfer all the money inside this cash+ and I buy a stock worth $15k, it will automatically deduct $15k from my cash+?

And say after I sell this stock at $16k, this amount of money will go into my cash account or cash+?

Assuming if it goes to my cash+ then If I need to withdraw that $1k profit, then I will need to withdraw $1k from the cash+ to my cash account before moving to my bank account?

Moomoo has this SmartSave option default it is off I think. Once you turn it on then yes like what you say. But I read elsewhere even if you turn it off and later moomoo notice your Universal account no monies they will also sell your Cash+ to pay for the trades. For selling the monies go back to the Universal account if SmartSave option is off.

Cash+ concept is sometimes you queue to buy stock cannot get filled then those upfront monies stuck no interest for that day. With Cash+ everyday got interest.

 

[CoffeeDrinker8899]

So does that mean that say I deposit $20k inside moomoo and transfer all the money inside this cash+ and I buy a stock worth $15k, it will automatically deduct $15k from my cash+?

And say after I sell this stock at $16k, this amount of money will go into my cash account or cash+?

Assuming if it goes to my cash+ then If I need to withdraw that $1k profit, then I will need to withdraw $1k from the cash+ to my cash account before moving to my bank account?

On mobile phone app, click on your universal account on the main page, go to [More], go to [Smartsave].

You can control the cashplus auto subscription from the options there. If you anticipate incoming funds from sale of stocks, you can pause auto buy-in of cashplus.

You can also set a reserved amount, for example you have 16k incoming, set reserve amount to 1k (the amount you do not want to auto buy-in). Then the 1k will be reserved as free cash in your account, which you can subsequently withdraw.

 

[sohguanh]

On mobile phone app, click on your universal account on the main page, go to [More], go to [Smartsave].

You can control the cashplus auto subscription from the options there. If you anticipate incoming funds from sale of stocks, you can pause auto buy-in of cashplus.

You can also set a reserved amount, for example you have 16k incoming, set reserve amount to 1k (the amount you do not want to auto buy-in). Then the 1k will be reserved as free cash in your account, which you can subsequently withdraw.

This concept is not unique I have webull also and it is similar but it is for USD some MMF they called MoneyBull

 

[philips107]

Sharing with all that Moomoo may selectively provide additional offers to u if you try to withdraw your assets.

I just completed lockup period for the 'Up to 6.8% p.a. for 30 days with Moomoo Cash Plus' and put in the sell order with instructions to withdraw the money back to my bank account.

I received a Whatsapp from MooMoo offering me a choice of 1 of the 3 offers below if I cancel my instruction and keep the money with them.

Offers:
1. 60-Day 5% Fund Yield Coupon (note: max 5K principal)
2. S$10 Stock Cash Coupon * 2
3. 15-Day SG Stock Commission-free card

Details here:
https://www.moomoo.com/sg/support/topic5_921

 

[sohguanh]

Sharing with all that Moomoo may selectively provide additional offers to u if you try to withdraw your assets.

I just completed lockup period for the 'Up to 6.8% p.a. for 30 days with Moomoo Cash Plus' and put in the sell order with instructions to withdraw the money back to my bank account.

I received a Whatsapp from MooMoo offering me a choice of 1 of the 3 offers below if I cancel my instruction and keep the money with them.

Offers:
1. 60-Day 5% Fund Yield Coupon (note: max 5K principal)
2. S$10 Stock Cash Coupon * 2
3. 15-Day SG Stock Commission-free card

Details here:
https://www.moomoo.com/sg/support/topic5_921

Not only moomoo nowadays brokers do selective or targeted promo. My most recent is StashAway. I waiting for Syfe though.

 

[wutawa]

Sharing with all that Moomoo may selectively provide additional offers to u if you try to withdraw your assets.

I just completed lockup period for the 'Up to 6.8% p.a. for 30 days with Moomoo Cash Plus' and put in the sell order with instructions to withdraw the money back to my bank account.

I received a Whatsapp from MooMoo offering me a choice of 1 of the 3 offers below if I cancel my instruction and keep the money with them.

Offers:
1. 60-Day 5% Fund Yield Coupon (note: max 5K principal)
2. S$10 Stock Cash Coupon * 2
3. 15-Day SG Stock Commission-free card

Details here:
https://www.moomoo.com/sg/support/topic5_921

Yup, I kena before. So which 1 u choose?

 

[sohguanh]

Yup, I kena before. So which 1 u choose?

Last time I choose option 1. Funds with dividends is what I aim.

 

[philips107]

Last time I choose option 1. Funds with dividends is what I aim.

I chose option 2 ....

I was guessing #1, is it they top up to 5% whatever fund u choose?
Cos if that's the case, #2 (2 x $10) may be more than #1.

#3, need to trade a large amt to hit $20 ....