VGMC Credit Withdrawal Info

In order to create more efficiency in payment processing and to put more cash into income generating operations that will generate more returns to shareholders, we have decided to put on trial a twice a month credit withdrawal effective July 2012. From July until September 2012, credit withdrawals will only be available on the 1st and 15th of each month.


Kenneth Elinger
Chief Executive Officer
Virgin Gold Mining Corporation & Subsidiaries


Source : http://press.vgmc.com/press-release/EN/2012/06/01/June-2012-%E2%80%93-Rewarding-Shareholders/


STEPS OF CREDIT WITHDRAWAL 


1. Click on "1.0 Account" - "1.14 Credit Withdrawal"

2. Then click on "Withdraw Button" as below

3. Fill up the credit amount you wish to withdraw (minimum withdraw is USD 500) and make sure that the bank name, account holder and bank account number are correct as what you registered earlier on "Bank Beneficiary Details". Once everything confirm, click on "Submit Button".

4. You will be given a withdraw option which is whether you want  "Local Cash Bank In - within 1-2 working days, no charges applies" or "International Wire Transfer - estimated 3-5 working days, all charges bear by beneficiary" then click on "Submit Button". However, this withdraw option may differ with other countries as several countries does not have Local Cash Bank In and it may takes between 5-10 working days for the withdrawal to reach your bank account, though this also depends on the processing speed of co-responding and receiving banks.

5. Now you will need to confirm on every details of credit withdrawal which you have filled earlier and please read on "Credit Withdrawal Notice" given at the bottom, once everything confirmed click on "Submit Button".

6. You will be given a confirmation receipt as below.

7. Every credit withdrawal request usually will be approved by VGMC Finance Department on the next day (Sunday). You will receives confirmation from VGMC Admin on the current status, approval date, applied amount and approved amount. Please allow 7-10 working days from approval date for fund to reach your bank account.

8. As you can see below, my credit withdrawal fund have been credited in my bank account after 6 working days which is 21st Nov 2011 with amount of RM 1860.00 (USD 600).