Omg tried to withdraw money from chocolate finance cannot immediate withdrawal. Say need up to 10 working days to withdraw

[rider83]

I saw this on tele - MAS will bail chocolate finance out… too many users will lose money. They are too big to fail

so dont worry

Why talk about bail out???

This is not like the Silicon Valley Bank crisis 2 years ago

 

[Acetone]

Walter de Oude, Founder and CEO of Chocolate Finance, said,

“Our belief is this—when your money is happy, you’re happy too. We’re simply reinventing how to make your money work harder. We want to remove the friction and barriers traditionally prevalent in the personal finance space, such as complicated criteria, long lock-in periods or low liquidity, and high fees. Instead, we’ve built a simple, seamless place where you and your money can be happy. All the while, being in compliance with the Singapore financial services regulatory framework. ”


https://fintechnews.sg/100303/wealthtech/chocolate-finance-launch/

Oh the irony.

 

[Emperor_Hippo]

Walter de Oude, Founder and CEO of Chocolate Finance, said,

“Our belief is this—when your money is happy, you’re happy too. We’re simply reinventing how to make your money work harder. We want to remove the friction and barriers traditionally prevalent in the personal finance space, such as complicated criteria, long lock-in periods or low liquidity, and high fees. Instead, we’ve built a simple, seamless place where you and your money can be happy. All the while, being in compliance with the Singapore financial services regulatory framework. ”


https://fintechnews.sg/100303/wealthtech/chocolate-finance-launch/

hear these dua kang kia, investors pour money in for u to go and churn den u take the butter, give us buttermilk and den say, "buttermilk good! u can make fried chicken! but u have to go and buy your own chicken lah. nah, here's some butter you can buy from us at $xxx."

 

[firebrand83]

Let it die, no free lunch?

 

[BigMonkey]

rucky moi neber gib in to edmw hype

 

[Bumperbee88]

Siao liao. Panic withdrawal.

YouTuber who tout investment advice are influencers and for entertainment. Not investment advice

Ahyo. Many of the youtubers are like that. They think they always have a upper hand. Well egos. Now, all these quiet down liao. Many of them kanna curse and swear liao.

They youtubers are not even professional or accredited investors, and yet many followers and supporters.

 

[AndroidComa]

That's not fair. Bt could have just sent the email to chocolate 5 mina b4 publication

we never know.... but their problems started for an entire week already and instead of taking responsibility they taichi 1st to AXS and then DBS

 

[Emperor_Hippo]

Henry Golding, actor in the Crazy Rich Asians movie

not bad leh.

actor oso can go into finance ah? basket, who got spare kong guan biscuit tin?

 

[Asphodeli]

lai liao, edmw favorite kelwin also make video liao

second finfluencer to kena from MAS soon after sethisfy, watch my words

 

[Emperor_Hippo]

Ahyo. Many of the youtubers are like that. They think they always have a upper hand. Well egos. Now, all these quiet down liao. Many of them kanna curse and swear liao.

They youtubers are not even professional or accredited investors, and yet many followers and supporters.

WHICH SIAOLANG WILL SUPPORT SOME NO-NAME YOUTUBER?!

 

[LoUsyGamER]

Those who panic and withdraw in large tranches can actually cause the company's investment system to fail.

The company lowered the deposit rate to 3.3% (which is still reasonably good compared to T-Bills 2.7%+) as the markets are not doing so well due to Trump's crazy policies.

It will be better to ride out the decline in returns and gradually switch to other funds.

It is the risk management portion that most retail investors and average influencers would not have thought thoroughly.

Is the 0.6% difference worth the non-sdic protection?

 

[HoGnix]

Jialat, melting down liao?

The weather is a bit hot, chocolate is melting.

 

[Emperor_Hippo]

second finfluencer to kena from MAS soon after sethisfy, watch my words

let MAS tear their backside to bits lah.

 

[Bumperbee88]

should sue ts also... create thread

Ayaio. Don't blame TS liao. He is also a sheep, kanna whack. Now $$$ cannot take out liao.

 

[proton_cannon]

Bank run?

Is the owners Singaporeans or foreigner?

 

[DarkStarer]

I withdraw for liquidity first. I have a big credit card bill due at end of this month, cannot afford late charges. The rest just keep in there to grow.

 

[AndroidComa]

I saw this on tele - MAS will bail chocolate finance out… too many users will lose money. They are too big to fail

so dont worry

not cos they are too big to fail, is cos
1. elections coming
2. MAS reputation at stake
3. DBS outage reputation at stake

they have 1 billion AUM i think

 

[Flanky]

I just tried to pay SP bills with the card. Payment failed. Just me, or visa card also gg?

 

[mynickname]

Bank run?

Is the owners Singaporeans or foreigner?

No bank to begin with.

 

[AndroidComa]

I withdraw for liquidity first. I have a big credit card bill due at end of this month, cannot afford late charges. The rest just keep in there to grow.

can withdraw meh?
still that ** nonsense wait 3-10 days right?