Technology

Earning money with the Túi Thần Tài feature on MoMo: Pros and Cons

How does Tui Than Tai generate profits? This is a common question that many people have when using the Tui Than Tai service from MoMo e-wallet. In this article, we will provide you with information to address any concerns you may have about MoMo e-wallet as well as the Tui Than Tai service!

Administrator

27 February, 2024

Momo is one of the popular e-wallet applications in Vietnam that many people trust. This e-wallet allows users to make payment transactions, transfer money, top-up,… Especially, the Túi Thần Tài service also has a feature to accumulate and manage their money. So how is the interest on Túi Thần Tài calculated? Let’s find out with FPT Shop!

What is Túi Thần Tài MoMo?

Túi Thần Tài is a useful service for MoMo wallet users, it is a product of the MoMo platform in collaboration with Finsight Joint Stock Company, managed by Thien Viet Mutual Fund Management Company, and supervised by Vietcombank. The principle of Túi Thần Tài is similar to the savings forms of other normal banks.

By depositing money into Túi Thần Tài, it will automatically generate interest based on the monthly interest rate. All activities of the money you deposit into Túi Thần Tài will be controlled and managed by the multinational auditing company EY based on Vietnamese laws. To ensure that you always receive interest, the deposited money will be used by fund managers to invest in profitable assets every month. For example: bonds, deposit certificates,… from reputable domestic organizations and banks.

How is the interest on Túi Thần Tài MoMo calculated?

Before depositing money into Túi Thần Tài, you are surely interested in how the interest on Túi Thần Tài is calculated, right? This is the bag that helps you both spend conveniently and earn interest from the money that you don’t need to use. Currently, Túi Thần Tài MoMo has an interest rate of up to 6% per year. In addition, it also allows you to withdraw money anytime without losing the previously earned interest.

The interest on Túi Thần Tài is calculated based on compound interest. This means that when you deposit money into Túi Thần Tài, the interest will be paid daily and accumulated into your Túi account balance. The principle of the first interest payment time is calculated specifically as follows:

If the day of depositing money into Túi Thần Tài is from Monday to Thursday: The day of receiving interest will be the next day. Example: You deposit money on Monday, the day of receiving interest will be Wednesday.
If the day of depositing money into Túi Thần Tài is from Friday to Sunday: The day of receiving interest will be the following Tuesday.

Note: This principle will be similarly applied to other transactions when transferring money into Túi Thần Tài such as: Receiving interest, receiving refunds, receiving bonuses,… At the time you withdraw money from Túi Thần Tài, the system will automatically stop calculating interest based on the amount of money you have withdrawn.

Advantages and disadvantages of Túi Thần Tài

After knowing how to calculate the interest on Túi Thần Tài on MoMo, now we will outline the advantages and disadvantages of this service:

Advantages of Túi Thần Tài on MoMo

The following are the outstanding advantages of using Túi Thần Tài:

With just VND 10,000, you can open Túi Thần Tài to accumulate daily interest.
Quick and convenient money withdrawal at any time.
Support direct payment on the Túi Thần Tài interface
Moreover, it has an interest rate of up to 6% per year. This is considered a relatively high interest rate compared to other e-wallets and online deposit applications.
Opening an account on Túi Thần Tài is completely free, making it more accessible to users.

Disadvantages of Túi Thần Tài MoMo

In addition to the above advantages, Túi Thần Tài still has some disadvantages:

The maximum withdrawal limit is only VND 1 million/day and VND 5 million/month
The deposit amount is limited, the maximum deposit is VND 20 million. However, this limit also depends on the reliability level of the account you own. From 400 reliable points down, it is VND 20 million. For over 400 reliable points: VND 30 million. From 400 to less than 800 reliable points is VND 50 million. From 800 reliable points and above, it is VND 100 million.

Should you use Túi Thần Tài? Benefits of using it

When you just opened and used Túi Thần Tài on MoMo, you may be concerned about the reliability of this service. Is it safe or is it a scam? Regarding this issue, you don’t have to worry at all. Because Túi Thần Tài is managed and supervised by Thien Viet Mutual Fund Management Company and has been deposited by Vietcombank.

Therefore, if Thien Viet Mutual Fund Management Company goes bankrupt due to financial loss, it is still not allowed to use these funds. Because these funds have been deposited at Vietcombank. In addition to reliability, when saving in Túi Thần Tài, there are many promotions and conveniences such as:

Earning interest with an interest rate of up to 6% per year.
When referring friends to open and use Túi Thần Tài, you will receive attractive gifts from MoMo. There are also many other promotions that you can find out more on Túi Thần Tài!

How to use Túi Thần Tài?

Regarding the calculation of the interest on Túi Thần Tài, it has been mentioned above. Now, we will guide you on how to use Túi Thần Tài to earn interest. Please follow the content below!

Guide to open Túi Thần Tài on MoMo

If you don’t know how to open Túi Thần Tài on MoMo, you can follow these steps:

Step 1: First, you must have a MoMo account, after creating a MoMo account, you go to the Túi Thần Tài on the interface

Step 2: Read the information on the interface and adjust accordingly. Then, select I Agree -> Open Túi Thần Tài.

Step 3: Re-enter the MoMo login password to confirm opening the Túi.

Step 4: After completing the steps, wait for the notification and then select Complete. You have successfully opened the wallet.

How to deposit money into Túi Thần Tài on MoMo

The steps to deposit money into Túi Thần Tài on MoMo are as follows:

Step 1: On the MoMo interface, select Túi Thần Tài -> select Deposit money into wallet

Step 2: Transfer the amount of money you want to deposit into the wallet. Note that the amount of money you want to deposit into the Túi Thần Tài account must be within the wallet limit. This money transfer must be from the MoMo wallet, it cannot be transferred directly from other banks.

Step 3: Then press Continue -> Check the information again, then press Confirm.

How to pay for services through Túi Thần Tài

A useful feature on Túi Thần Tài is that customers can directly pay for services on the Túi Thần Tài interface without having to withdraw and transfer through the MoMo wallet. Especially, the earned money and interest are still kept. Here are the steps to pay with Túi Thần Tài:

Step 1: Select the service you want to pay for on MoMo

Step 2: Then select the amount of money to pay -> press Continue

Step 3: In the Source of funds/Account section, select Túi Thần Tài

Step 4: Then select Confirm to proceed with the transaction.

Conclusion

Through this article, we hope to help you understand Túi Thần Tài on MoMo. As mentioned above, we see that the calculation of interest on Túi Thần Tài with a higher interest rate compared to other online savings services is very attractive. So, what are you waiting for? Don’t hesitate to use this useful service right away.

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