Cash In RM5,000 & Win Up To RM10,000 Giveaway (“Campaign”) – Terms & Conditions
3 May 2024 – 7 June 2024
1. Eligibility:
1.1 This Campaign is open to all Versa application users holding a Malaysian citizenship, aged eighteen (18) and above (“User” or “Users”) subject to the Terms and Conditions herein.
1.2 The following User(s) shall not be eligible for the to participate in this campaign:
1.2.1 Permanent, contract, part-time, temporary employees of Versa and their immediate family members. “Immediate family members” is defined as father, mother, brother, sister, spouse, children and adoptive relationships;
1.2.2 Employees of agencies, partners and consultants with ongoing engagements with Versa during the Campaign Period.
1.3 All User(s) must cash in the required Fresh Funds to participate in this Campaign. “Fresh Funds” means additional funds on top of User(s) current balance as of 2 May 2024, 2359hr (Malaysia time) that do not originate from any Versa account.
1.4 In the event a User is discovered to have committed fraud and/or abuse of system, such as withdrawing (cash out) to redeposit (cash in) into any funds in Versa, and/or any other scenario deemed as fraud or abuse of system by Versa, at any point of time during or after the Campaign Period as stated below, Versa reserves the right at its sole discretion to disqualify the said User(s) and to cancel/withdraw/recall any reward and/or returns granted to the User(s), failing which, the User(s) agrees and undertakes to indemnify Versa for the value and costs of such credit & incentives. Versa shall have the right to initiate any action it deems necessary against the said User(s).
2. Campaign Period:
2.1 Unless otherwise notified by the Versa, the Campaign will be conducted from 3 May 2024, 0001hr (Malaysia time) to 7 June 2024, 2359hr (Malaysia time) (“Campaign Period”), both dates inclusive.
3. Campaign Prize:
3.1 The Campaign Prizes are as follows:
| Prizes | Number of Winners | |
|---|---|---|
| Grand Prize | RM10,000 | 1 winner |
| Second Prize | RM5,000 | 2 winners |
| Third Prize | RM1,000 | 7 winners |
3.2 The Campaign Prizes are open to all eligible User(s) that successfully fulfill the criteria stated in clause 4.0.
3.3 The Campaign Prizes will be disbursed to the winners’ preferred fund, Versa Cash or Versa Cash-i, as indicated in the prize acknowledgement form.
3.4 Campaign Prizes will be cashed in into the User(s)’s Versa Cash or Versa Cash-i account in the form of units.
3.5 The Campaign Prizes are not transferable or redeemable or exchangeable for cash or credit of any kind.
3.6 Versa reserves its absolute right and discretion to vary or amend the Campaign Prizes at any time without prior notice and without assigning any reason whatsoever.
4. Campaign Mechanics:
4.1 To be eligible for this Campaign, User(s) are required to cash in a minimum of RM5,000 Fresh Funds in a single transaction into any funds in Versa during the Campaign Period.
4.2 Users may make multiple cash-ins of RM5,000 or lump sum cash-ins in multiples of RM5,000 during the Campaign Period.
4.3 Number of entries for the Campaign Reward will be tabulated based on nett cash-ins, calculated as the total cash-ins minus total cash-outs, as of the last day of the Campaign Period.
4.4 User(s) will only be entitled to win one (1) Campaign Prize throughout the Campaign Period.
4.5 Sample scenarios as below:
| No. | Scenarios | Eligibility |
|---|---|---|
| 1 | User cashes in RM5,000 in Versa Cash during Campaign Period | 1 entry |
| 2 | User cashes in RM5,000 in Versa Cash-i during Campaign Period | 1 entry |
| 3 | User cashes in RM5,000 in Versa Growth during Campaign Period | 1 entry |
| 4 | User cashes in RM5,000 in Versa Growth-i during Campaign Period | 1 entry |
| 5 | User cashes in RM5,000 in Versa Moderate during Campaign Period | 1 entry |
| 6 | User cashes in RM5,000 in Versa Moderate-i during Campaign Period | 1 entry |
| 7 | User cashes in RM5,000 in Versa SGD during Campaign Period | 1 entry |
| 8 | User cashes in RM5,000 in Versa REITs during Campaign Period | 1 entry |
| 9 | User cashes in RM5,000 in Versa Gold during Campaign Period | 1 entry |
| 10 | User cashes in RM5,000 in Versa Global-i during Campaign Period | 1 entry |
| 11 | User cashes in RM5,000 in PRS Conservative during Campaign Period | 1 entry |
| 12 | User cashes in RM5,000 in PRS Conservative-i during Campaign Period | 1 entry |
| 13 | User cashes in RM5,000 in PRS Moderate during Campaign Period | 1 entry |
| 14 | User cashes in RM5,000 in PRS Moderate-i during Campaign Period | 1 entry |
| 15 | User cashes in RM5,000 in PRS Growth during Campaign Period | 1 entry |
| 16 | User cashes in RM5,000 in PRS Growth-i during Campaign Period | 1 entry |
| 17 | User cashes in RM10,000 in Versa Cash-i during Campaign Period and did not withdraw any funds by the end of Campaign Period | 2 entries |
| 18 | User cashes in RM20,000 in Versa Moderate during Campaign Period and did not withdraw any funds by the end of Campaign Period | 4 entries |
| 19 | User cashes in RM5,000 in Versa Cash on 10 May 2024. User then cashes in another RM10,000 into Versa Cash on 15 May 2024. User then withdraws RM2,000 on 16 May 2024 and then withdraws RM1,000 again on 30 May 2024. User’s nett cash-in amounts to RM12,000 | 2 entries |
| 20 | User cashes in RM5,000 in Versa Cash on 10 May 2024. User then cashes in another RM5,000 into Versa SGD on 15 May 2024. | 2 entries |
| 21 | User cashes in RM1,000 in Versa Gold during Campaign Period | 0 entry |
| 22 | User cashes in RM4,000 in Versa Cash during Campaign Period | 0 entry |
| 23 | User cashes in RM8,000 in Versa Cash-i during Campaign Period | 1 entry |
4.6 All User(s) that successfully meet the conditions of the Campaign shall be automatically added as a participant in this Campaign and be eligible for a chance to win the Campaign Prize. From the pool of eligible Users, shortlisted User(s) will be randomly selected.
4.7 Versa will make a maximum of 2 attempts to contact the shortlisted User(s) for verification and acknowledgement: once via app inbox, and once via email. In the event that Versa is unable to contact the User(s) after 2 attempts within 14 working days for any reason whatsoever, Versa reserves the right to select the next winner where the same process of selecting the winner will be repeated until a winner is identified.
4.8 Shortlisted User(s) must complete Versa’s prize acknowledgement form before the stated deadline in said acknowledgement form before they are confirmed as winners. In the event that the shortlisted User(s) does not submit the acknowledgement form within the stated deadline, Versa reserves the right to select the next winner where the same process of selecting the winner will be repeated until a winner is identified.
4.9 The Campaign Prize will be sent to winners’ preferred fund, Versa Cash or Versa Cash-i, as indicated respectively in the prize acknowledgement form. Winners can expect to receive the Campaign Prize within 60 days after the end of the Campaign. In the event of a delay, Versa will contact winners via email, app inbox message, phone call or any other means deemed suitable by Versa.
4.10 Versa’s decision on all matters related to this Campaign shall be final and binding and conclusive, including the selection of the winners. No inquiries by the User(s) will be entertained.
5. Miscellaneous
5.1 Versa reserves the right to make further verifications and request for further personal identification details and documents, as well as the right to disqualify or withdraw the User(s) eligibility for the Campaign Prize at any time, including the period after the Campaign Prize has been awarded to the User(s), should there be any non-compliance to the agreed terms and conditions.
5.2 Versa reserves the right to use the names, addresses, photographs, information and documents of the User(s) and/or winners as materials in advertisements and other form of publicity for the current and future marketing purposes from time to time without prior notice to the User(s) and/or winners and the User(s) and winners shall not claim ownership of the material. Participation in the Campaign constitutes their consent to such use, without further notice, payment, compensation or consideration.
5.3 By entering or participating in the Campaign, User(s) hereby fully and unconditionally agree and accept all the Terms and Conditions herein contained and agree that the decisions of Versa regarding the Campaign and all matters relating to or in connection thereto are final, binding and conclusive. Any subsequent correspondences, protest, appeals or enquiries will not be entertained.
5.4 Versa reserves the right to cancel, shorten, extend, suspend or terminate the Campaign at any time prior to the expiry of the Campaign Period without prior notice to the User(s). For avoidance of doubt, any cancellation, extension, suspension or termination of the Campaign Period at any time prior to the expiry of the Campaign Period shall not entitle the User(s) to claim any compensation from Versa for any and all losses or damages suffered or incurred by the Users as a result of the said cancellation, extension, suspension or termination. Versa also reserves the right to amend, modify, delete or change any of the Terms and Conditions herein contained at any time at its absolute discretion without notice. Continued participation in the Campaign following any such changes and/or amendments shall constitute unconditional acknowledgement, understanding, agreement, and acceptance of such changes in respect of the Terms and Conditions.
5.5 Versa shall not be held responsible or liable for any claim of loss or damage to property or personal injury or loss of life by the User(s), and/or any party resulting from or arising out of or in connection with this Campaign or the prizes given under this Campaign.
5.6 These Terms and Conditions prevail over any provisions or representations contained in any brochure or other promotional materials advertised under this Campaign.
5.7 Versa is the final authority to decide on the interpretation of these Terms and conditions and as to any other matters relating to this Campaign.
5.8 Any queries regarding the Campaign can be directed via email to Versa’s Support team: [email protected]
6. Personal Data
6.1 By participating in this Campaign, User(s) are deemed to have agreed and consented to the collection, processing, use, disclosure and retention by Versa of their personal data in the manner as set out in the Personal Data Notice given pursuant to at https://versa.com.my/privacy-notice/
7. Governing Law
7.1 These terms and conditions shall be governed by and construed in accordance with the laws of Malaysia, and any disputes arising under or in connection with these terms and conditions shall be subject to the exclusive jurisdiction of the courts of Malaysia.