Versa Launches Money Booster Campaign, Incentivizing Users To Automate Savings

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Versa Money Booster Campaign

Versa, a rising Malaysian digital wealth management app, has launched the Money Booster Campaign. This campaign will reward its users when they automate their investments and savings with Versa.

This campaign requires Versa users to set up an auto debit plan into any Versa Invest funds (except Versa Gold). Users can automatically access the Money Booster once they fulfil the campaign mechanics.

How do I join the Money Booster Campaign

Joining the Money Booster Campaign is simple. Just set up an auto debit plan with any Versa Invest fund account (except for Versa Gold), and complete the campaign mechanics.

For example, if Versa Cash’s base nett return rate for a given month is 3.77%, users who fulfil the campaign mechanics will enjoy a 3.77% p.a. + 1% p.a. = 4.77% p.a rate instead in their Versa Cash.

Steps:

  1. Set up a Versa account and make a cash in of RM1,000 into Versa Cash or Versa Cash-i
  2. Set up an auto debit plan of a minimum of RM200 per month into any Versa Invest fund (except for Versa Gold) to enjoy +1% for the first RM10,000 available balance in Versa Cash or Versa Cash-i, or
    Set up an auto debit plan of a minimum of RM500 per month into any Versa Invest fund (except for Versa Gold) to enjoy +1% for the first RM30,000 available balance in Versa Cash or Versa Cash-i.

And that’s all! These rate adjustments will be automatically applied to your account, so no further action is required from you.

These are the eligible Versa Invest funds that users can set auto debit into to be eligible for the +1% p.a. nett booster rate:

✅ Versa Global-i
✅ Versa SGD
✅ Versa Growth
✅ Versa Growth-i
✅ Versa Moderate
✅ Versa Moderate-i
✅ Versa REITs

Money Booster Campaign rewards

Simplify savings and investing with the Versa app

Versa app also comes packed with features to simplify user’s savings and investing journey. It offers intuitive and beginner-friendly features.  These include a minimalist interface, auto debit, goal tracker, and educational resources, ensuring a hassle-free experience for users.

All this while offering over 16 diverse funds in three verticals. The diverse range of funds allow users to match their risk level and initiation to the capital market scene.

Both Versa Cash and Versa Cash-i are under the expert management of AHAM Asset Management Berhad, one of Malaysia’s top 3 fund houses. AHAM Asset Management Berhad recently gained strength through its acquisition by CVC Capital Partners, a prominent global private equity firm, in 2022.

Versa aims to instil healthy financial habits in their users

This campaign aims to provide more value to users’ savings journey by rewarding them to build better financial habits with this competitive +1% p.a. nett booster rate.

“We are excited to introduce the Money Booster Campaign as part of our ongoing commitment to providing innovative and rewarding solutions to our users,” said Teoh Wei-Xiang, CEO and co-founder of Versa. 

“We recognise that many Malaysians face the emotional weight of financial challenges and Versa aims to alleviate some of that anxiety and burden with our auto debit feature. The beauty of our auto debit is that it automates our users’ monthly savings and investments,” he added.

Users can start enjoying an additional 1% p.a. return in their Versa Cash or Versa Cash-i through the Versa app available for download from the Apple App Store, Google Play Store & Huawei AppGallery. Versa is regulated by the Securities Commission (SC) Malaysia.

And Versa is also offering a special sign-up promo for iMoney’s Namereaders! Use the code VIMONEY to receive a RM10 bonus when you create an account and cash in a minimum of RM100 into any funds in Versa.

For more information about Versa’s Money Booster Campaign, you can visit Versa right here.

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