What would you do if someone who illegally blocks all investment slots out of harassment and never transfers the money?
In social lending, where excess funds from FX and Nikkei 225 trading are being invested,
As the third operator after these, I chose Trust Lending, as mentioned previously.
Question: I would like to ask about direct transfers
Unlike other social lending platforms, Trust Lending does not hold funds in a custodial account; it uses direct transfers. Therefore, when applying for a deal, you enter the desired amount, and then proceed with a direct transfer.
In this case, a customer applies but does not make a transfer.
Or there might be customers who deliberately apply for millions as a nuisance and do not transfer,
which would be a serious problem. Has this been a problem up to now?
Please tell me.
Answer: The payment deadline is 16:00 on the third business day after the application day, counting from the next day of the application.
If you do not make the payment, the application will be canceled.
By doing so, the fundraising amount for the relevant fund increases, allowing investment by other members.
Regarding malicious applications such as harassment,
we will take actions such as restricting transactions with the member (no new investments, etc.).
Supplement: Because there is no custodial account, you can directly transfer to your own bank account, so withdrawal procedures are unnecessary, and interest from the bank accrues from immediately after distribution—this was a major advantage for me. Conversely, at the time of investment applications,
General social lending: you can only invest with funds that exist in the custodial account. And once you apply, funds are immediately withdrawn from the custodial account.
Trust Lending: for a deal with up to 30 million yen investment capacity, applying for the full 30 million would immediately set the remaining investment slots to 0. …But the money is paid into Trust Lending on a later date. If someone intended to obstruct business by keeping the investment amount entirely and not transferring…
I thought, but instead of waiting for transfers from application to fundraising end date, they limit to three business days, after which you can invest. There are about two weeks of fundraising, so closing three days within that period is fine.
When I actually invested 300,000 yen, there were still about 10 days until the fundraising ended, yet the payment deadline was only about 3 days, and I wondered why. But I understood.
The second point is“Perhaps around 6–8% annual return with almost no risk?”I asked about this, but I will cover it next time…
In the past, SBI Social Lending pulled back money because borrowers didn’t appear, but now it has shifted borrowers from individuals to businesses, eliminating personal borrower defaults. Moreover, higher interest deals have appeared, with 6–7% deals becoming visible… Once I had closed my account, but SBI’s credibility makes it appealing. Maybe I’ll reopen it since there’s also a rewards site.
If you create a card or open an FX account, you can receive high rewards exceeding 10,000 yen
【Hapitas: a points site】
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