Tri-Invest Quest (“Campaign”) From 19 February 2025 – 9 March 2025 – Terms and Conditions
Tri-Invest Quest (“Campaign”) is organised by Versa Asia Sdn Bhd (“Versa”) subject to the terms and conditions herein (“Terms and Conditions”).
NB:
- To be eligible for the reward, users must click “Join Now” within the Versa Quest feature on the app.
- This is a campaign under Versa Quest feature. The campaign rewards under this campaign are stackable. For further information on the other ongoing campaigns, please visit this page [https://versa.com.my/stack-and-earn-more-more-than-6-pa-nett-returns-with-versa-quests/]
1.0 Eligibility:
1.1 This Campaign is open to all new or existing Versa application users holding a Malaysian citizenship and aged eighteen (18) and above as at the commencement of the Campaign Period (as defined below) (“Users” or individually “User”), subject to the Terms and Conditions herein.
1.2 To participate in this Campaign, Users must own a duly verified and approved Versa account, with a minimum balance of RM1,000.00 in their respective Versa Cash or Versa Cash-i account, to be maintained throughout the Campaign Period (as defined below).
1.3 In the event that a User is found or suspected to have committed any fraudulent, unlawful, prejudicial and/or wrongful acts in relation to this Campaign or to the financial product(s) by Versa, or has breached any of the Terms and Conditions herein, or is subject to any bankruptcy proceedings, or has been declared bankrupt, at any point of time prior, during or after the Campaign Period (as defined below), Versa has the right at its sole and absolute discretion to disqualify the said User and/or to decline to credit the Campaign Reward or where the Campaign Reward has already been credited, to immediately cancel, withdraw and/or recall the rewards credited to the User pursuant to this Campaign. Users hereby agree and undertake to fully indemnify Versa for the value and costs of such units & incentives, damages and/or losses (if any) arising therefrom. Versa shall have the further right to initiate any action it deems necessary against the defaulting Users mentioned herein.
2.0 Campaign Period and Details:
2.1 The Campaign will commence on 19 February 2025, 00:01:hr (Malaysian time) and end on 9 March 2025, 23:59hr (Malaysian time) (“Campaign Period”).
2.2 Versa reserves its absolute right and discretion to vary or amend the Campaign Period at any time in accordance with Clause 5.4(d) below.
3.0 Campaign Mechanics and Conditions
3.1 To be eligible for the Campaign Reward (as set out in Clause 4 below):
a) User must own a verified and approved Versa account with a minimum balance of RM1,000.00 in their respective Versa Cash or Versa Cash-i which shall be maintained throughout the Campaign Period and Rewarding Period;
b) User must click “Join Now” within the Versa Quest feature on the app and must within the Campaign Period successfully cash in Fresh Fund according to Clause 3.1(c) below. “Fresh Fund” means additional funds that do not originate or are not transferred from any of the User’s existing Versa account(s);
c) User must make any of the following cash-ins:
Versa US-Tech
i) a cumulative sum between RM3,000.00 to RM5,999.99 into Versa US-Tech; or
ii) a cumulative sum of minimum RM6,000.00 into Versa US-Tech;
and/or
Versa Dividend+
iii) a cumulative sum between RM2,000.00 to RM3,999.99 into Versa Dividend+; or
iv) a cumulative sum of minimum RM4,000.00 into Versa Dividend+;
and/or
Versa Gold
v) a cumulative sum between RM2,000.00 to RM3,999.99 into Versa Gold; or
vi) a cumulative sum of minimum RM4,000.00 into Versa Gold.
d) After the successful cash-in, user must maintain his/her total account balance during the Campaign Period and Rewarding Period.
For the purposes of this Campaign, ‘Rewarding Period’ means 1 March 2025 to 31 March 2025.
4.0 Campaign Rewards:
4.1 Subject to the Terms and Conditions herein, all eligible Users who successfully fulfilled the Campaign Mechanics and Conditions stated in Clause 3 above will enjoy booster rewards as listed below in addition to the prevailing base nett return of the month for Versa Cash or Versa Cash-i (as the case may be), applicable during the Rewarding Period (collectively referred to as the “Campaign Reward”), in the following manner:
Versa US-Tech
a) Where a User makes successful (single or cumulative) cash-in between RM3,000.00 to RM5,999.99 into Versa US-Tech, the Campaign Reward will be 1.5% p.a. nett booster rewards on the User’s first available balance of RM10,000.00 in his/her Versa Cash or Versa Cash-i; or
b) Where a User makes successful (single or cumulative) cash-in of RM6,000.00 and above into Versa US-Tech, the Campaign Reward will be 1.5% p.a. nett booster reward on the User’s first available balance of RM30,000.00 in his/her Versa Cash or Versa Cash-i;
and/or
Versa Dividend+
c) Where a User makes successful (single or cumulative) cash-in between RM2,000.00 to RM3,999.99 into Versa Dividend+, the Campaign Reward will be 1% p.a. nett booster rewards on the User’s first available balance of RM10,000.00 in his/her Versa Cash or Versa Cash-i; or
d) Where a User makes successful (single or cumulative) cash-in of RM4,000.00 and above into Versa Dividend+, the Campaign Reward will be 1% p.a. nett booster rewards on the User’s first available balance of RM30,000.00 in his/her Versa Cash or Versa Cash-i;
and/or
Versa Gold
e) Where a User makes successful (single or cumulative) cash-in between RM2,000.00 to RM3,999.99 into Versa Gold, the Campaign Reward will be 0.5% p.a. nett booster rewards on the User’s first available balance of RM10,000.00 in his/her Versa Cash or Versa Cash-i; or
f) Where a User makes successful (single or cumulative) cash-in of RM4,000.00 and above into Versa Gold, the Campaign Reward will be 0.5% p.a. nett booster rewards on the User’s first available balance of RM30,000.00 in his/her Versa Cash or Versa Cash-i.
4.2 Where a User has made multiple cash-ins to any of the following funds – Versa US-Tech, Versa Dividend+ and Versa Gold in accordance with the Campaign Mechanics, User’s eligibility of the Campaign Reward will be based on the User’s cumulative cash-in amount (during the Campaign Period) for such respective funds.
4.3 Where a User has both Versa Cash and Versa Cash-i, the Campaign Reward will only be applicable to the User’s Versa Cash or Versa Cash-i, whichever with the higher available balance as at the last day of the Rewarding Period. Where both the User’s Versa Cash and Versa Cash-i have the same available balance, Versa Cash-i will be the default fund to be rewarded.
4.4 The Campaign Reward is limited to the first 50,000 User(s) who are eligible for the Campaign Reward in accordance with the Terms and Conditions on a first-come-first-serve basis. In the event the total Campaign Reward has been fully utilised, User(s) will be eligible for the prevailing Versa Cash or Versa Cash-i base rate.
4.5 The Campaign Reward will be credited to the Users’ respective Versa Cash or Versa Cash-i (as stipulated in Clause 4.3 above) by the end of April 2025.
4.6 Table 1 below is a sample calculation of the Campaign Reward:
| Eligible booster rewards | Total Nett Return | |
| Cash-in between RM3,000.00 – RM5,999.99 in Versa US-Tech | 1.5% p.a. nett return | 3.75% p.a*. + 1.5% p.a. = 5.25% p.a. (on User’s first RM10,000.00 balance in Versa Cash or Versa Cash-i (as the case may be) |
| Cash-in minimum RM6,000.00 in Versa US-Tech | 1.5% p.a. nett return | 3.75% p.a.* + 1.5% p.a. = 5.25% p.a. (on User’s first RM30,000.00 balance in Versa Cash or Versa Cash-i (as the case may be) |
| Cash-in between RM2,000.00 – RM3,999.99 in Versa Dividend+ | 1% p.a. nett return | 3.75% p.a.* + 1% p.a. = 4.75% p.a. (on User’s first RM10,000.00 balance in Versa Cash or Versa Cash-i (as the case may be) |
| Cash-in minimum RM4,000.00 in Versa Dividend+ | 1% p.a. nett return | 3.75% p.a.* + 1% p.a. = 4.75% p.a. (on User’s first RM30,000.00 balance in Versa Cash or Versa Cash-i (as the case may be) |
| Cash-in between RM2,000.00 – RM3,999.99 in Versa Gold | 0.5% p.a. nett return | 3.75% p.a.* + 0.5% p.a. = 4.25% p.a. (on User’s first RM10,000.00 balance in Versa Cash or Versa Cash-i (as the case may be) |
| Cash-in minimum RM4,000.00 in Versa Gold | 0.5% p.a. nett return | 3.75% p.a.* + 0.5% p.a. = 4.25% p.a. (on User’s first RM30,000.00 balance in Versa Cash or Versa Cash-i (as the case may be) |
*the sample prevailing base rate is intended for illustration purposes only and does not reflect the actual value
“Table 1”
4.7 Once user(s) make the successful transaction(s) (as mentioned in Clause 3.1), user(s) must maintain their total balance throughout the Campaign Period and Rewarding Period. Any redemption and withdrawal of the deposited fund(s) by the user during such period will disentitle the user(s) from obtaining the Campaign Reward.
4.8 For the avoidance of doubt, the Campaign Reward is not exchangeable with any other forms of credit or benefit-in-kind and is strictly and exclusively rewarded to Users and cannot be redeemed, assigned or transferred to any third party. Versa’s calculation of the Campaign Reward shall be final, conclusive, and binding on Users.
4.10 Samples scenarios are illustrated below:
| Parameters of Sample Scenarios:Sample prevailing base rate for Versa Cash: 3.75%Sample prevailing base rate for Versa Cash-i: 3.55% | ||
| No | Scenario Eligibility | Return |
| 1 | User cashed in RM5,000 to his Versa US-Tech. User has RM30,000 in Versa Cash. User has no balance in Versa Cash-i. | User is eligible for the Campaign Reward on top of the prevailing base rate (3.75% p.a. + 1.5% p.a. = 5.25% p.a.). The Campaign Reward is applicable on the first RM10,000 in his Versa Cash during the Rewarding Period. Rewarding fund = Versa Cash as the user has a higher balance in this fund. |
| 2 | User cashed in RM6,000 to his Versa US-Tech. User has RM30,000 in Versa Cash. User has no balance in Versa Cash-i. | User is eligible for the Campaign Reward on top of the prevailing base rate (3.75% p.a. + 1.5% p.a. = 5.25% p.a.). The Campaign Reward is applicable on the first RM30,000 in his Versa Cash during the Rewarding Period. Rewarding fund = Versa Cash as the user has a higher balance in this fund. |
| 3 | User cashed in RM3,000 to his Versa US-Tech on 18 February 2025. User subsequently cashed in an additional RM3,000 to his Versa US-Tech. User has RM15,000 in Versa Cash-i. User has no balance in Versa Cash. | User is eligible for the Campaign Reward on top of the prevailing base rate (3.55% p.a. + 1.5% p.a. = 5.05% p.a.). The Campaign Reward is applicable on the first RM30,000 in his Versa Cash-i during the Rewarding Period. Rewarding fund = Versa Cash-i as the user has a higher balance in this fund. |
| 4 | User cashed in RM2,000 to his Versa Gold. User has RM15,000 in Versa Cash-i. User has no balance in Versa Cash. | User is eligible for the Campaign Reward on top of the prevailing base rate (3.55% p.a. + 0.5% p.a. = 4.05% p.a.). The Campaign Reward is applicable on the first RM10,000 in his Versa Cash-i during the Rewarding Period. Rewarding fund = Versa Cash-i as the user has a higher balance in this fund. |
| 5 | User cashed in RM4,000 to his Versa Gold. User has RM40,000 in Versa Cash-i. User has no balance in Versa Cash. | User is eligible for the Campaign Reward on top of the prevailing base rate (3.55% p.a. + 0.5% p.a. = 4.05% p.a.). The Campaign Reward is applicable on the first RM30,000 in his Versa Cash-i during the Rewarding Period. For user’s remaining RM10,000 Versa Cash-i balance, user will continue to enjoy the base nett return rate. Rewarding fund = Versa Cash-i as the user has a higher balance in this fund. |
| 6 | User cashed in RM3,000 to his Versa US-Tech. User subsequently cashed in RM2,000 to Versa Dividend+ and RM2,000 to Versa Gold. User has RM30,000 in Versa Cash, and RM5,000 in Versa Cash-i. | User is eligible for the Campaign Reward on top of the prevailing base rate (3.75% p.a. + 1.5% p.a. +1% p.a. + 0.5% p.a. = 6.75% p.a.). The Campaign Reward is applicable on the first RM10,000 in his Versa Cash during the Rewarding Period. Rewarding fund = Versa Cash as the user has a higher balance in this fund. |
| 7 | User cashed in RM6,000 to his Versa US-Tech. User subsequently cashed in RM4,000 to Versa Dividend+ and RM2,000 to Versa Gold. User has RM40,000 in Versa Cash. User has no balance in Versa Cash-i. | User is eligible for the Campaign Reward on top of the prevailing base rate (3.75% p.a. + 1.5% p.a. +1% p.a. + 0.5% p.a. = 6.75% p.a.). This Campaign Reward is applicable on the first RM10,000 in his Versa Cash during the Rewarding Period. User is also eligible for Campaign Reward (3.75% p.a. + 1.5% p.a. + 1% p.a = 6.25% p.a.) on the subsequent RM20,000 in his Versa Cash. Rewarding fund = Versa Cash as the user has a higher balance in this fund. |
| 8 | User cashed in RM1,000 to his Versa Gold. User has RM8,000 in Versa Cash. User has no balance in Versa Cash-i. | User is not eligible for the Campaign Reward as the user did not cash-in the required amount for Versa Gold (i.e RM2,000). |
| 9 | User cashed in RM4,000 to his Versa Dividend+. User has RM500 in Versa Cash-i. User has no balance in Versa Cash. | User is not eligible for the Campaign Reward as the user did not fulfill the condition for minimum amount required for Versa Save fund (i.e RM1,000), despite depositing a sufficient amount to the eligible fund. |
| 10 | User cashed in RM3,000 to his Versa REITs. User has RM5,000 in Versa Cash-i. User has no balance in Versa Cash | User is not eligible for the Campaign Reward as the user did not cash-in to the eligible funds (Versa US-Tech, Versa Dividend+, Versa Gold). |
| 11 | User cashed in RM6,000 to his Versa US-Tech on 31 March 2025 and the amount is reflected on Versa app on 4th April 2. User has RM30,000 in Versa Cash-i. User has no balance in Versa Cash. | User is not eligible for the Campaign Reward as the cash-in was only made after the Campaign Period, which ended on 9 March 2025. |
5.0 Miscellaneous:
5.1 All cash-in made by Users via any third-party account will not be eligible for this Campaign and all Campaign Reward given (if any) will be forfeited. A third-party account includes any corporate bank accounts, joint accounts and other accounts that are not in the sole name of the Users himself/herself.
5.2 The Users’ account must be active when Versa credits the Campaign Reward. Versa reserves the right to decline to credit the Campaign Reward and/or to cancel, void and/or forfeit the Campaign Reward notwithstanding the same has been credited, in the event the User’s Versa account(s) becomes dormant or inactive.
5.3 Without limiting the generality of any provisions of the Terms and Conditions herein, by participating in this Campaign, Users expressly agree:
a) that Users have read, understood, fully and unconditionally agree and accept all the Terms and Conditions herein;
b) that Users have reviewed the terms and conditions, prospectus, information memorandum, disclosure document, deed and such other documents related to the fund(s) that Users are investing in through Versa application (Versa Save, Versa Invest or Versa Retirement, as the case may be) and takes any associated risks arising from such investment;
c) that the decisions of Versa on all matters relating to or in connection with this Campaign (including but not limited to any dispute arising therefrom) are final, conclusive and binding on the Users. No queries, appeals, disputes, or correspondences will be entertained by Versa;
d) agree to access Versa’s official website at https://versa.com.my/ on a regular basis to view the Terms and Conditions of this Campaign and ensure to be kept up-to-date on the latest Terms and Conditions of this Campaign. Users shall seek clarifications from Versa should any of the Terms and Conditions be not fully understood;
e) that Users are liable and shall personally bear all applicable taxes, rates, governments fees or any other changes that may be levied against the Users under the applicable laws, if any, in relation to their participation in this Campaign;
f) that Versa shall not be held responsible or liable for loss of profit, loss of revenue, loss of opportunity, consequential losses, and expenses of whatsoever nature suffered or incurred by the Users and/or any other third party resulting from, or arising out of, or in connection with this Campaign or the Campaign Reward awarded under this Campaign, whether directly or indirectly; and
g) that Users shall hold harmless, defend and fully indemnify Versa from and against all losses, damages, liabilities, expenses (including reasonable legal costs and expenses), and all third-party actions, proceedings, claims, demands, costs, awards and damages, resulting from or arising out of or in connection with the Users’ own acts or omissions in relation to this Campaign, whether directly or indirectly.
5.4 Versa further reserves the right:
a) to make further verifications of Users and request for further personal identification details and/or documents of Users;
b) without prejudice to other rights and remedies of Versa, to disqualify or withdraw the Users’ eligibility for the Campaign Reward at any time, including after the Campaign Reward has been awarded to the Users, should there be any non-compliance by the Users’ with the Terms and Conditions herein and/or should the Users be found or suspected to have otherwise attempted to gain any unfair advantage(s) against Versa;
c) to amend, vary, modify, add and/or delete any of the Terms and Conditions herein (including but not limited to the Campaign Period and Campaign Reward) from time to time, in its sole and absolute discretion, as shall be notified by Versa on its official website at https://versa.com.my/, which shall be taken as good notice. The latest Terms and Conditions can be found on Versa’s official website as aforementioned. Users’ continued participation in this Campaign following any such amendment, variation, modification, addition and/or deletion shall constitute unconditional acknowledgement, understanding, agreement, and unqualified acceptance of the same in respect of the latest Terms and Conditions.
d) to cancel, shorten, extend, suspend or terminate this Campaign, in whole or in part, at any time, as shall be notified by Versa on its official website at https://versa.com.my/. For the avoidance of doubt, any cancellation, shortening, suspension or termination of the Campaign shall not entitle the Users or any other persons to any claim or compensation whatsoever against Versa for any losses or damages (including but not limited to any losses of accrued Campaign Reward) howsoever suffered or incurred as a direct or indirect result of such act of cancellation, shortening, suspension or termination, whether or not Versa has been advised of the possibility of such losses or damages; and
e) to not publicly disclose any calculations or formula regarding the Campaign Reward.
5.5 To the fullest extent permitted in laws, Versa hereby expressly disclaims and excludes any and all representations, warranties or endorsements, whether express or implied, oral or written, including but not limited to those contained or published in any brochures, posters or other promotional or marketing materials, media press and social media.
5.6 Versa shall not be responsible or held liable in respect of any technical glitches or failures of any kind whatsoever, intervention, interruption and/or electronic or human errors in (a) the administration and/or processing the relevant transactions; (b) the implementation of this Campaign; and/or (c) the determination of the Users’ eligibility for the Campaign Reward.
5.7 Versa shall not be responsible or held liable for any default of its obligations in relation to this Campaign due to any force majeure events which include but not limited to acts of God, insurrection or civil disorders, acts of war, strikes, riots, lockdowns, pandemic, epidemic, movement control order, fire, flood, storm, drought, change of law and/or regulation, cyber-attack, digital hack, intervention or security breach by unauthorised parties, technical failures of any kind, and other events and/or circumstances of whatsoever nature beyond the reasonable control of Versa.
5.8 The Terms and Conditions herein shall be governed by and construed in accordance with the laws of Malaysia, and shall prevail over anything contained or published in but not limited to any brochures, posters or other promotional or marketing materials, media press and social media.
5.9 In the event of ambiguity (if any) of any of the clauses herein, Versa’s version and/or interpretation shall be adopted for the purpose of implementation of the Terms and Conditions herein and as to any other ancillary matters relating to this Campaign.
6.0 Personal Data:
6.1 By participating in this Campaign, Users warrant that all respective information, details and statements are true, correct, accurate and complete at all material times.
6.2 By participating in this Campaign, Users are deemed to have freely and voluntarily agreed and consented to the collection, processing, use, disclosure and retention by Versa of their respective personal data in the manner as set out in the Personal Data Notice given at https://versa.com.my/privacy-notice/.