[No referrals] Chocolate Finance

[ekardo]

not me..no need for physical card..

 

[CrashWire]

Obviously they will earn from foreign conversion, most of the brokers also earn. From the numbers, it seem that you lose 0.45% for a round trip so not too bad.

The difference is that most brokers let people deposit and withdraw in USD if they want.

The 0.45% here is sure lose.

 

[cal3135]

anyone tried using chocolate credit card for road tax? error encountered is "please use another credit card"

paid Rd tax using cho cc.. via AXS APP...
works well

 

[ekardo]

paid Rd tax using cho cc.. via AXS APP...
works well

Can pay online/directly over as credit card also.

 

[monoblue]

I mistakenly withdraw more than SGD20k and now got to wait 3-10 business days. This remind me this is a investment fund and not a actual bank...

 

[ekardo]

I mistakenly withdraw more than SGD20k and now got to wait 3-10 business days. This remind me this is a investment fund and not a actual bank...

Ya. Happen to be before. A few times somemore.

 

[rob1977]

Ya. Happen to be before. A few times somemore.

how long you need to wait for >20k to withdraw?

 

[monoblue]

Ya. Happen to be before. A few times somemore.

Can share more, normally do you wait for than 3 days? It's the 3rd day for me and the fund is in process.

 

[AndroidComa]

ok lah ..you get guaranteed 4.6% already right

ytd bought in a bit when USD is raising, today wake up and nice little surprise awaits!
add up both USD (equivalent iin sgd) and SGD accounts with the interest earned give me double digit return when usually it is below $5

wonder what time the refresh their FX rates


answering my own question, i see 1 number at 9am and another number at 2pm
maybe the FX updates 2 times a day

 

[nexzzz]

In the FAQ I noticed the below:

Why are my card transactions processed in XSGD?
Your card transactions are processed in XSGD, which is a stablecoin pegged 1:1 to the Singapore Dollar (each XSGD is equivalent to one Singapore Dollar). While your transactions remain in SGD, processing them in XSGD utilises blockchain technology for efficient payment settlement, ensuring secure and speedy transactions. Rest assured, no fee will be incurred when SGD is converted to XSGD and vice versa and this doesn't impact your transactions in any way; it's just a behind-the-scenes process for smoother payments.

Quick google search shows the XSGD may be legit (approved by MAS?), I always skeptical when it comes to crypto. Anyone know why they use XSGD instead of classic SGD for card transaction?

 

[monoblue]

Can share more, normally do you wait for than 3 days? It's the 3rd day for me and the fund is in process.

My fund returned after 4 business.

 

[CrashWire]

Quick google search shows the XSGD may be legit (approved by MAS?), I always skeptical when it comes to crypto. Anyone know why they use XSGD instead of classic SGD for card transaction?

The card is issued by Xfers, so it's promoting usage stats for their XSGD stablecoin.

 

[hwmook]

I mistakenly withdraw more than SGD20k and now got to wait 3-10 business days. This remind me this is a investment fund and not a actual bank...

They remind you during withdrawal but you still choose to do it....

 

[sglandscape]

As Chocolate goes from strength to strength, we believe that being super secure is just as important as being super awesome.

That's why we're introducing an extra layer of security to safeguard your money.

Starting today, withdrawals can only be made to verified bank accounts—protecting against scammers and making sure your money stays extra safe. Your withdrawal account will be automatically verified when you send money from a bank account in your name to your Chocolate account. Once verified, it will appear as an option when you make a withdrawal. Our mission is simple: Only you should be able to put money into your Chocolate account, and only you should be able to take it out. We’re constantly evolving to make Chocolate even safer, while keeping everything seamless and effortless for you.

What this means for you:

Any existing unverified withdrawal accounts will be removed from the app. If you've previously withdrawn from Chocolate, you'll need to re-add your withdrawal account. Simply make a top-up of any amount from a bank account in your name, and we'll instantly verify and save it for future withdrawals. Note: If you add money using PayLah or similar mobile payment solutions (i.e., not directly from your banking app), you will not see this as a withdrawal option, we’re working on adding this next!

This update ensures that only you can access your money and keeps it protected. Happy money is safe money.

 

[xsoldix]

I still quite uncomfortable of linking my $20k to a debit card.
Their cso reply is… we can lock n unlock the debit card as and when we want.

anyone know if i take simplygo bus/mrt. If i lock card, tomorrow when it deducts will it fail or go through?
if fail will my card be blacklisted?
Thanks!

 

[ekardo]

I still quite uncomfortable of linking my $20k to a debit card.
Their cso reply is… we can lock n unlock the debit card as and when we want.

anyone know if i take simplygo bus/mrt. If i lock card, tomorrow when it deducts will it fail or go through?
if fail will my card be blacklisted?
Thanks!

debit card is nothing new leh...why you making it sounds like it's a new thing..

 

[xsoldix]

debit card is nothing new leh...why you making it sounds like it's a new thing..

You typically dont mix investments with debit card account/wallet/pockets ...

 

[ekardo]

You typically dont mix investments with debit card account/wallet/pockets ...

U can always top up everyday.

 

[sglandscape]

You typically dont mix investments with debit card account/wallet/pockets ...

Money is fungible and you always have the option to lock the debit card when not in use. Also could use it as a wallet and not put too much into it.

The way I see CF product, they're suggesting you do not put more than 20k

 

[IAmChiobu12M]

As Chocolate goes from strength to strength, we believe that being super secure is just as important as being super awesome.

That's why we're introducing an extra layer of security to safeguard your money.

Starting today, withdrawals can only be made to verified bank accounts—protecting against scammers and making sure your money stays extra safe. Your withdrawal account will be automatically verified when you send money from a bank account in your name to your Chocolate account. Once verified, it will appear as an option when you make a withdrawal. Our mission is simple: Only you should be able to put money into your Chocolate account, and only you should be able to take it out. We’re constantly evolving to make Chocolate even safer, while keeping everything seamless and effortless for you.

What this means for you:

Any existing unverified withdrawal accounts will be removed from the app. If you've previously withdrawn from Chocolate, you'll need to re-add your withdrawal account. Simply make a top-up of any amount from a bank account in your name, and we'll instantly verify and save it for future withdrawals. Note: If you add money using PayLah or similar mobile payment solutions (i.e., not directly from your banking app), you will not see this as a withdrawal option, we’re working on adding this next!

This update ensures that only you can access your money and keeps it protected. Happy money is safe money.

I just saw this now. Wanted withdraw money. I'm feeling uncomfortable about this. Is it gonna toh and not let us withdraw money?