Manage your wealth all in one app, simple and easy to use
Beat the market with global fund managers
Maximise gains with lower fees
Versa safeguards your financial security
- Regulated by the Securities Commission (SC) Malaysia
- State of the art digital security; Two-factor authentication (2FA) and data encryption
- Your money is held by an independent registered trustee; separated from Versa’s own funds
“Our partnership with Versa will provide a solution for investors to diversify their investments and maximise the potential of their cash reserves in their portfolio”
Dato’ Teng Chee Wai
Managing Director, Affin Hwang Asset Management
Total Assets Under Administration
Total Clients and counting
Awards Since 2001
Easy and convenient to use.
Information is displayed clearly and easy to understand. It’s nice to see the money deposited steadily growing over time.
August 7, 2021 by Ridzuan M.
The app is user friendly.
…and information clearly illustrated or shown. Good tips and information for reading and easy to understand.
July 20, 2021 by Raymond Y.
Good cash management platform.
I’m able invest in money market funds easily. If you want to withdraw your money, the process is very fast. Tq versa
July 20, 2021 by Naga M.
Good alternative than banks!
Been deposited some money inside, and it does grow day by day, and available for withdrawal anytime. Recommend for whose has temporarily idle cash, as interest is compounded daily, definitely a good alternative platform than bank saving acc…
February 24, 2021 by JL Yee
Great introduction to easy investment
Been using it for a while instead of using fixed deposits. Great to use so far with easy to understand navigation and flexi returns. Looking forward for more features to come.
February 25, 2021 by Vicky C.
Best way to earn daily interest so far!
Easy way to earn decent interest with no lock in like FD. Definitely a very good alternative to have.
February 22, 2021 by Guantat
Frequently Asked Questions
Who can open an account with Versa?
Only Malaysian citizens who are 18 years old and above and have an NRIC/MyKad can open a Versa account.
*MY Permanent residents are not eligible for a Versa account.
What are the fees and charges?
The Versa platform does not charge any fees to their user. However, there are management fees, trustee fees and fund-level fees paid to the fund managers, which differs based on the portfolios.
For Versa Cash, there are 0.30% per annum management fees and 0.05% per annum trustee fee.
For Versa Invest, the fees are shown as below:
- Annual Management fee: 1% per annum
- Sales Charge: 0%
- Redemption Fee: 0%
- Trustee fee: 0.04% per annum
Is Versa PIDM Protected?
Money market funds are not protected by PIDM. However, the Versa Fund places / diversifies our customer’s funds in multiple short term deposits of multiple Malaysian banks. In an unlikely case that one bank were to go under, it would only slightly affect the return of the fund.
Are Versa's portfolios Shariah Compliant?
Currently, Versa’s portfolios are not shariah compliant.
What makes Versa one of the best Digital Cash Management Solution providers in Malaysia?
Investing with Versa means choosing lower risks with potentially higher returns. Versa invests in a specific Money Market Fund called the Affin Hwang’s Enhanced Deposit Fund which only invests in low-risk assets – short term deposits in multiple Malaysian banks. Next, Versa lets you make the most out of your money. Unlike Fixed Deposits which only offers basic interest, Versa offers interest that is compounded daily. Finally, you can make on the spot decisions with Versa. With Versa, you can withdraw anytime with all the interest earned and expect your money to be in your bank account within the next day* – with no penalties!
*Learn more about deposit & withdrawals here.