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

[win_man]

My boss always say “Communication, Communication, Communication”!

Even if need to spam users with emails and it doesn't cost anything. Only no communication is the worse costly!

Wow send 3-4 emails within 24 hours. They saw my post ah?

 

[Belle69]

"Are required to.."

 

[speedsonic]

Camping here like until pap's next handout.

 

[koreanlover]

Until now I still unable to understand why ppl here keep telling others that CF need a few days to sell their holdings to get cash as this is the “standard practice”.

in the 1st place CF contractually stated in their T&C that “Instant withdrawal” as their selling point. If they failed to honour this means CF is 違約 unless they specifically mention inT&c that “ in the event of large numbers of withdrawal happens, FC will need a few days to fulfill the withdrawal…..”

the selling the holding to generate fund had got nothing to do with depositors. It is CF problem not depositors problem.

what happens if I need the fund back for emergency use like hospital fee for urgent operations in live and death situation and my money is stuck in the “3 to 10 days” delay instead of instant withdrawal?

I think after this saga CF need to amend their T&C to include this clause liao.

Their FAQs say instant withdrawals maybe paused in line with their T&Cs.
Don't know if this is so since they started?

 

[wulu1_69]

an lah
just wait for moolah return ba
after all this confirm ppl ditch them liao

Once trust is broken it's very difficult to regain liao

 

[The_Davis]

suddenly from nothing in an entire day
to 3-4 emails a day keep reassuring funds are secured, safe

Are you panicking yet?

 

[sg-united]

There is no need to call for panic just because of some Youtubers. Men and aunties on the streets do not watch the Youtubers' videos and over reacted.

If anyone has watched those videos, you will know that the YouTubers have made it very clear why they are withdrawing their funds. None of them mentioned that CF is running into financial difficulty, etc.

The primary reasons are that they think that the returns offered by CF are not attractive anymore, and the AXS saga.

The whole issue here is that CF failed to address the public concern immediately and let panic exploded over hours. This is so stupid of CF.

 

[MrAwesomeX]

Until now I still unable to understand why ppl here keep telling others that CF need a few days to sell their holdings to get cash as this is the “standard practice”.

in the 1st place CF contractually stated in their T&C that “Instant withdrawal” as their selling point. If they failed to honour this means CF is 違約 unless they specifically mention inT&c that “ in the event of large numbers of withdrawal happens, FC will need a few days to fulfill the withdrawal…..”

the selling the holding to generate fund had got nothing to do with depositors. It is CF problem not depositors problem.

what happens if I need the fund back for emergency use like hospital fee for urgent operations in live and death situation and my money is stuck in the “3 to 10 days” delay instead of instant withdrawal?

I think after this saga CF need to amend their T&C to include this clause liao.

They amend already . They initially provide fast 20k withdrawal as good gesture but exploited by disgruntled AXS mile users leading to bank run.

They too good to cheapo sinkees hence backfired.

I withdraw from syfre etc all need 3-5 working days one .

Moral of story ? No wonder sinkee can't have naise things one

 

[alex22]

They amend already . They initially provide fast 20k withdrawal as good gesture but exploited by disgruntled AXS mile users leading to bank run.

They too good to cheapo sinkees hence backfired.

I withdraw from syfre etc all need 3-5 working days one .

Moral of story ?

Good thing gib zinkie will become chui

 

[aarontansp]

So it's 3 to 6 days or to 10 days?? Still blur.

 

[Acetone]

So it's 3 to 6 days or to 10 days?? Still blur.

I believe the CEO also don’t know. Cos he said 3-6 days…

 

[MrAwesomeX]

Good thing gib zinkie will become chui

Now you know why DBS stocks so huat.

Treat sinkee bank users like shitx give one of the lowest interest in the nation but sinkee still forced/dying to use it .

Put millions in it still kena scammed by kkk syndicates .

Sad sinkee lives .

 

[lovemyself123]

what does the MAS statement mean. is it like this:

MAS: do you still have the customer money intact?

Choco: yes trust me bro

 

[letonzy]

There is no need to call for panic just because of some Youtubers. Men and aunties on the streets do not watch the Youtubers' videos and over reacted.

If anyone has watched those videos, you will know that the YouTubers have made it very clear why they are withdrawing their funds. None of them mentioned that CF is running into financial difficulty, etc.

The primary reasons are that they think that the returns offered by CF are not attractive anymore, and the AXS saga.

The whole issue here is that CF failed to address the public concern immediately and let panic exploded over hours. This is so stupid of CF.

from what read seth the didn't withdraw his money.
there is one person in kel youtube mention he admitted they collaborate to release videos on the same day
somehow they didnt expect to trigger mass panic with their headlines

 

[pohw0008]

Waiting for people to say they received their money from cf..

 

[qhong61]

So it's 3 to 6 days or to 10 days?? Still blur.

While cash last

 

[ctan84]

Until now I still unable to understand why ppl here keep telling others that CF need a few days to sell their holdings to get cash as this is the “standard practice”.

in the 1st place CF contractually stated in their T&C that “Instant withdrawal” as their selling point. If they failed to honour this means CF is 違約 unless they specifically mention inT&c that “ in the event of large numbers of withdrawal happens, FC will need a few days to fulfill the withdrawal…..”

the selling the holding to generate fund had got nothing to do with depositors. It is CF problem not depositors problem.

what happens if I need the fund back for emergency use like hospital fee for urgent operations in live and death situation and my money is stuck in the “3 to 10 days” delay instead of instant withdrawal?

I think after this saga CF need to amend their T&C to include this clause liao.

Actually they did say that in the T&C when you sign up. Is just most singkies never bother to read nia.

 

[ctan84]

from what read seth the didn't withdraw his money.
there is one person in kel youtube mention he admitted they collaborate to release videos on the same day
somehow they didnt expect to trigger mass panic with their headlines

This one short tongue Kelvin the first 10-15 secs of his video he admitted liao.

 

[ctan84]

So it's 3 to 6 days or to 10 days?? Still blur.

Updated statement is 6.

 

[The_Davis]

Updated statement is 6.

So why can flip flop so fast one?