Like everything else at Multicentbank, Multicent digital account was designed for everyone, built for stock and cryptocurrency investor, for people who wants transparent, simple banking services without abusive fees. It was created to redefine the way in which you manage your money. To fulfill this role, Multicent digital account: — Has no annuity or maintenance fees; — Automatically gives daily returns that are better than a savings account, from the moment you make a deposit; — Offers free and unlimited transfers to any bank; — Includes a card with a debit option so you can make purchases or cash withdrawals. — Allows payment of power, water, and telephone bills, and even online purchases.
— Allows you to invest in more than 500 stocks worldwide and buy, sell, store and trade Cryptocurrency with commision free.
The most accurate term to define Multicent digital account is "Payment Account." This is because Multicent is a financial technology services institution and not a bank. For the same reason, our card with the debit option is not technically a debit card, because, despite offering the same functionally, a true debit card can only be offered by a bank and connected to a deposit account.
Yes. As soon as you open a digital account and your deposit lands in your digital account , we will automatically open a brokekage account for you to start investing in stocks right from your smartphone. you can start trade stocks, options, or ETFs through your brokerage account. You can also use the deposit to purchase crypto through your Multicent digital Crypto account. These deposits include transfers using a pre-linked account or using your ACH account number.
Yes. When you sell stock, options, or ETFs through your brokerage account or sell crypto through your Crypto account, you can use that money to make purchases with your debit card. Keep in mind that your order must execute before you can use the funds elsewhere, which for stocks, options, and ETFs can only happen during market hours.
Our credit analysis is based upon publicly available information and as well as Multicent’s internal criteria and objectives. We generate an internal score that lets us determine which user profiles best meet our operational capacity at this time. Being a customer of our digital account does not guarantee the release of the credit card, but it can help your case. Using the Multicent account, our digital account, can help us to know more about the customer's profile when evaluating the card. If you do not receive approval for your credit card it means that we are currently unable to approve your purple card. However, it does not mean that you have any outstanding issues with your credit history or profile. It is simply due to the lack of information available about who is applying for the card. The Multicent account has no maintenance fees, offers free and unlimited transfers and a higher interes rate than a regular savings account and allow you to trade any choice of stocks and cryptocurrency
We try to understand what purchases are of most interest to all of our users and, in order to be able to offer more benefits, we decided to focus on a few categories and services, such as restaurants, trading stocks, buying and selling of Cryptocurrency, Netflix, Uber, Amazon, iFood, music streaming services, and any hotel or airline.
Yes! On the home screen click on your name and then on "Configure Rewards" and select "Cancel". The points you've accrued will be cancelled with your membership, so we recommend you use them before leaving the program. Remember that you can return to the program whenever you want. Just tap the Multicent funds Rewards icon on the app's home page and sign up again! But this time you won't get 30 days free.
We designed our products, right from the initial registration, to be as simple and secure as possible, and this is only possible by using several technological resources that only a smartphone has. For exemple, for the initial registration, we have to access your smartphone camera. Besides that, other important functionalities, such as real-time monitoring of your expenses, your credit card limit, and your account's daily returns are also only possible with this type of device.
Good question! Multicent is a Fintech Digital investment banking, make money through the IPO company trading on our platform, we also make money whe you buy, sell and store and in cryptocurrency. With the personal credit card we make money two ways: When a customer makes a purchase with the credit card, the establishment where they make the purchase pays us a small percentage of the amount through the Mastercard network; and when a customer decides to pay part or all of their bill in installments, we receive interest, even if it's below market interest rates. We also profit from the interest paid in the lending operations.
IPO Access lets you buy shares at the IPO price as the stock becomes available to the general public. With our random allocation process each eligible request has the same likelihood of receiving all, some, or none of the IPO shares they request. The number of shares you request does not change your chances of receiving an allocation.
We try to understand what purchases are of most interest to all of our users and, in order to be able to offer more benefits, we decided to focus on a few categories and services, such as restaurants, trading stocks, buying and selling of Cryptocurrency, Netflix, Uber, Amazon, iFood, music streaming services, and any hotel or airline.
Issuing companies and their underwriters may discourage flipping by refusing to allocate IPO shares to customers who have flipped shares in the past. Flipping could also lead us to offer fewer IPOs in the future. See the SEC's Investor Bulletin to learn more about "flipping" and investing in an IPO.
Like any investment you make, you can sell the shares you received through IPO Access at any point in time. However, if you sell IPO shares within 30 days of the IPO, it's considered "flipping" and you may be prevented from participating in IPOs for 60 days. This policy applies to all IPOs offered on IPO Access.
Exchanges decide when they will start making options available. Options are not available for at least three business days after a company goes public. Sometimes, it takes much longer (30 - 60 days) before a stock is eligible for options. Some stats exchanges look at when making that decision include:
Number of outstanding shares
Number of shareholders
Trading volume
Stock price
IPO Access lets you buy shares at the IPO price as the stock becomes available to the general public. With our random allocation process each eligible request has the same likelihood of receiving all, some, or none of the IPO shares they request. The number of shares you request does not change your chances of receiving an allocation.
We try to understand what purchases are of most interest to all of our users and, in order to be able to offer more benefits, we decided to focus on a few categories and services, such as restaurants, trading stocks, buying and selling of Cryptocurrency, Netflix, Uber, Amazon, iFood, music streaming services, and any hotel or airline.
Issuing companies and their underwriters may discourage flipping by refusing to allocate IPO shares to customers who have flipped shares in the past. Flipping could also lead us to offer fewer IPOs in the future. See the SEC's Investor Bulletin to learn more about "flipping" and investing in an IPO.
Like any investment you make, you can sell the shares you received through IPO Access at any point in time. However, if you sell IPO shares within 30 days of the IPO, it's considered "flipping" and you may be prevented from participating in IPOs for 60 days. This policy applies to all IPOs offered on IPO Access.
Exchanges decide when they will start making options available. Options are not available for at least three business days after a company goes public. Sometimes, it takes much longer (30 - 60 days) before a stock is eligible for options. Some stats exchanges look at when making that decision include:
Number of outstanding shares
Number of shareholders
Trading volume
Stock price
Business and personal account are different products. Both are managed on the same app, but are geared toward different audiences. Multicent digital account, or personal account, is a payment account service for private individuals to earn interest on their money and centralize their personal transactions. Therefore, Multicent digital account has no annuity fee and gives customers a better daily return than savings accounts, while letting them access their money whenever they need, without having to worry about losing the returns they've already gained. Customers can make transfers and payments in real time and monitor the return on their money directly on the app. The business account is a new product and one geared toward businesses, or rather, business owners. One of the main difficulties of running a small business is managing cash flow (money that goes in and out), so Multicent business account was created to help people do this by separating their business and personal transactions. Our business account has no annuity fee and offers a variety of ways to transfer money and make and receive payments, in order to meet the needs of small business owners, entrepreneurs, and self-employed individuals.
Admins can review expenses that fall outside their company’s policy from the Multicent dashboard. We’ll send weekly reminders to admins to review expenses for their direct reports. All employee purchases that fall out of your policy will be flagged for review on the Expense review page under Expenses in your Cash account
If you notice an unauthorized transaction on your Multicent business card, please follow the instructions in How do I report a fraudulent transaction? before submitting a dispute. All Multicent users can submit disputes for their own transactions directly from the Multicent dashboard, but not yet via the mobile app.
Exchanges decide when they will start making options available. Options are not available for at least three business days after a company goes public. Sometimes, it takes much longer (30 - 60 days) before a stock is eligible for options. Some stats exchanges look at when making that decision include:
Number of outstanding shares
Number of shareholders
Trading volume
Stock price
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