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 Digital bank Rize, By Al Rajhi Bank

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Optizorb
post Dec 9 2023, 09:15 PM

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QUOTE(Optizorb @ Dec 9 2023, 05:22 PM)
yeah got problem with rize now. cant do any transfers
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just did withdrawal of 5k to pay CC bill.

Luckily able to complete the transaction without any issue.

This post has been edited by Optizorb: Dec 9 2023, 09:17 PM
Optizorb
post Dec 11 2023, 12:20 AM

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QUOTE(ericlaiys @ Dec 10 2023, 11:24 PM)
if u park your money for short time and wait for best fd rate, this is consider great place. It is ++ for daily interest rate.
name 1 bank which give u daily interest
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you are literally in the tered. Kek.

one thing i like about rize is that you getting the full 4%/5%.

KDI is 4% pa after compounding. so the EIR is below 4%. same with tng go+, whatever rates they give then need to minus management fees all those first..

For those <10k, even go+ is better than GXB. i see go+ rates around ~3.5% these days..


Optizorb
post Dec 11 2023, 01:20 PM

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QUOTE(ericlaiys @ Dec 11 2023, 01:06 PM)
next month already can predict will become worse as everyone withdraw
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rize team lurking here, so you know what to do right to prevent problems and angry bombardments come 1st Jan 2024.

maintain the rates icon_idea.gif
Optizorb
post Dec 14 2023, 08:53 AM

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QUOTE(Optizorb @ Dec 6 2023, 05:21 PM)
for me Rize need to be minimum 4%.

anything lower I will ciao to GXB + Go+ + KDI combo.
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QUOTE(xander2k8 @ Dec 7 2023, 02:02 PM)
Not as simple as what you think for minimum 4% šŸ¤¦ā€ā™€ļø as they need to get from other revenues to top up the 1%

Unlikely will be 4% with the mass withdrawal and DUM might drop and unable to get high yield unless Al Rajhi steps in and top up the cash fund
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QUOTE(xander2k8 @ Dec 7 2023, 08:09 PM)
Board rates are coming in soon šŸ¤¦ā€ā™€ļø expect 3 to 3.5%
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QUOTE(xander2k8 @ Dec 8 2023, 04:45 AM)
You just wait šŸ¤¦ā€ā™€ļø no way they can afford to extend further with cash burn
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habis la mr. know-it-all, wrong again as usual.
no wonder kena sus liao šŸ™ˆšŸ™ˆ


As predicted and expected. In order for them to survive they need to give attractive rates, cause their app/system is so shit people will run away immediately without a second thought. Anyway, guess I will be happy to stay with Rize then kek


Optizorb
post Dec 14 2023, 02:14 PM

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QUOTE(ericlaiys @ Dec 14 2023, 11:55 AM)
let do some risk analysis with example: Let say you deposit 250k

Rize : 250k X 4% /365 X 30 = RM821 per month
Gxbank : 250k X 3% /365 X 30 = RM616 per month

The difference is RM 205. 250K risk loss vs RM205 per month difference.

For me not worth after 1st Dec incident (money missing, negative balance, withdrawal issue). Till today, still got people complained on FB about missing money not being refunded.
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Bro why you being such a doomer. Just cause you dont like rize anymore, doesn't mean others have to join in with you ma right..

Let others enjoy it la. To you is doom and gloom, to others its still a sunshiny day.

Everybody got their own risk tolerance. Those who have no confidence in rize anymore will have long ago proceed with account closure like you.
So you dont have to keep parroting the same thing over and over geh.. Waste of your energy only, cause people who want to stay will be staying, people who want to leave already left/leaving.

Also, actual people who put in hundreds of thousands to millions into rize still chillaxing only.. I dont think they need you to be worried for them laugh.gif

Optizorb
post Dec 14 2023, 02:32 PM

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QUOTE(!@#$%^ @ Dec 14 2023, 02:25 PM)
if got supporter, sure got opposition. only supporter can talk or only opposition can talk or both or none?
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if you oppose of course can talk. i also bash Rize a lot of times in this tered dy. Even exposed out all of Rize's flaws for everyone to laugh at.

The problem is trying to downplay the higher interest one would get from Rize by talking nonsense like deposit 250k then got risk of losing that 250k as well, then use that argument to say it is not worth to stick with rize.

That's just pure nonsense. Even if the very extremely unlikely scenario that shit hits the fan, everybody is still covered by PIDM.
Optizorb
post Dec 14 2023, 03:46 PM

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QUOTE(virulence @ Dec 14 2023, 03:39 PM)
Looks like Rize can survive till end of March for now  thumbsup.gif

I have FD maturing on 2nd Jan & rates aren't that attractive. Might as well park here for the moment. biggrin.gif
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yup. Wait for around CNY time. Usually banks will have good FD promotions..

Earlier this year PBB 4.8% 24 months lock in is 🤤🤤

oh and btw, xander2k8 come say hi la, dont shy shy hiding and play spam report button only lol.
Give us some of your expert facepalm insights on how come Rize able to offer 4% for 3 more months. Cause you were so confident they wont be able to do it. hmm.gif
Optizorb
post Dec 14 2023, 03:57 PM

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QUOTE(xander2k8 @ Dec 14 2023, 03:54 PM)
3 months extension only šŸ¤¦ā€ā™€ļø and no further after that

In fact they can pay the extension as the outflow should be more than in flow hence they can afford due to smaller DUM
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ehhhh naniiii. but this is also you?

QUOTE(xander2k8 @ Dec 8 2023, 04:45 AM)
You just wait šŸ¤¦ā€ā™€ļø no way they can afford to extend further with cash burn
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Optizorb
post Dec 14 2023, 04:43 PM

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QUOTE(!@#$%^ @ Dec 14 2023, 04:08 PM)
the true test when there's a lot of users. macam this rize, all other days okay only. on the 1st of every month with crash.
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well to be fair, they didn't crash every 1st of the month right, just this month only.. At least not to my knowledge, i only joined since July. Not sure for the earlier months..

What did happen every 1st of the month though is wrong/missing interest payout. laugh.gif

This 1st Jan will be another test for them. Since the announcement of promo extension should for the most part curtail mass withdrawals already.
Lets see if come 1st Jan they still got crashing issues or not. As for wrong/missing interest, that one if still got also i kinda expected of them dy. Since i every month bar one kena that..

This post has been edited by Optizorb: Dec 14 2023, 04:44 PM
Optizorb
post Dec 14 2023, 04:55 PM

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QUOTE(!@#$%^ @ Dec 14 2023, 04:49 PM)
as ive mentioned before this, it happened before on 1st Nov. i made a complain via email at that time, the money did eventually refunded, but up to today there's no follow up or apology. this month same thing, also no acknowledgement. but at least more ppl affected.

bank negara on the other hand, toothless. i asked whether they were aware of the issue and what steps are taken if any. the reply is pls contact rize and wait 14 working days. so yeah
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oh i didnt realize you kena on 1st Nov

welp guess moving forward, every 1st of the month if going to do withdrawal, im gonna test with rm1 transaction first
Optizorb
post Dec 14 2023, 09:15 PM

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QUOTE(FGG28 @ Dec 14 2023, 08:40 PM)
For testing purpose before large withdrawal, why not transferring 1 cent instead of RM1?
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dont know for rize if 1 cent can or not..

most banks min rm1
Optizorb
post Dec 15 2023, 02:08 PM

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QUOTE(whycanot323 @ Dec 15 2023, 10:53 AM)
money still missing.....
Rize CS at email is always 5working days + 5 + 5 for each reply....
what can i do ?
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if you got the email receipts go report to BNM
Optizorb
post Dec 31 2023, 03:08 PM

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btw 1st jan midnight to 6am got maintenance ya

dont panic later rclxs0.gif
Optizorb
post Jan 1 2024, 01:46 AM

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aik rize tipu say maintenance.

one of my account profit credited liao

EDIT: ok all other accounts profit credited on time and correct too. Good job rize thumbsup.gif

This post has been edited by Optizorb: Jan 1 2024, 05:38 AM
Optizorb
post Jan 1 2024, 01:58 AM

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QUOTE(virulence @ Jan 1 2024, 01:57 AM)
My interest in too. Just don't do any transactions while maintenance is on going.
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i tried. you cant.

they block it dy. unknown error come out tongue.gif

This post has been edited by Optizorb: Jan 1 2024, 05:41 AM
Optizorb
post Jan 1 2024, 09:42 AM

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QUOTE(Justmua @ Jan 1 2024, 09:37 AM)
Can share how to calculate. My calculation is always out.

Thanks.
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take your end of day balance amount. then:

a) 5000 (and under) x 5% /365 = how much you will get. round up to two decimal places.
b) whatever above 5k x 4% / 365 = how much you will get. round up to two decimal places.

a + b = c, your total amount for that 1 day. repeat the above if you made any transactions in your account for whatever day.

if didnt make any transactions then c x 30/31 days = total monthly amount

EDIT: anyway starting today, its flat 4%.
so: end of day balance x 4% /365 = how much you will get. round up to two decimal places

This post has been edited by Optizorb: Jan 1 2024, 09:47 AM
Optizorb
post Jan 17 2024, 07:22 PM

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QUOTE(theevilman1909 @ Jan 17 2024, 06:54 PM)
There's any chance of the 4% rate being extended till middle of the year or December?
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will only know middle to end of march.
Optizorb
post Jan 17 2024, 10:39 PM

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QUOTE(xander2k8 @ Jan 17 2024, 10:24 PM)
No chance read the TnC
Already stated clearly šŸ¤¦ā€ā™€ļø as of campaign ends will revert back to standard board rates

https://www.rize.com.my/application/themes/...GN_2024_TnC.pdf
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remember the last time you talk cock about board rates?

need a reminder? šŸ–•šŸ˜‚šŸ–•

QUOTE(Optizorb @ Dec 6 2023, 04:26 PM)
also CS said return to board rate cause they dont know what their management team decided the upcoming promo yet la..

impossible they will use board rate without offering any promo.

We already see GXBank 3% daily, so for Rize im willing to bet busuk2 also they will at least match it, if not better.
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QUOTE(Optizorb @ Dec 6 2023, 05:21 PM)
for me Rize need to be minimum 4%.

anything lower I will ciao to GXB + Go+ + KDI combo.
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QUOTE(xander2k8 @ Dec 7 2023, 02:02 PM)
Not as simple as what you think for minimum 4% šŸ¤¦ā€ā™€ļø as they need to get from other revenues to top up the 1%

Unlikely will be 4% with the mass withdrawal and DUM might drop and unable to get high yield unless Al Rajhi steps in and top up the cash fund
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QUOTE(xander2k8 @ Dec 7 2023, 08:09 PM)
Board rates are coming in soon šŸ¤¦ā€ā™€ļø expect 3 to 3.5%
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QUOTE(xander2k8 @ Dec 8 2023, 04:45 AM)
You just wait šŸ¤¦ā€ā™€ļø no way they can afford to extend further with cash burn
*
This post has been edited by Optizorb: Jan 17 2024, 10:47 PM
Optizorb
post Jan 19 2024, 01:35 PM

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QUOTE(mercindustries @ Jan 19 2024, 12:36 PM)
Is their CS really that bad? I have been trying to open an account for almost 2 weeks now but not successful. Called them they say they will respond via email but when I emailed them I’m not getting any response!
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if you search in the thread you will get your answer, instead of waiting like dungu for 2 weeks tongue.gif

anyway, to answer your ques. cause IC verification failed. go try again and again.

Once you capture the IC properly, the application will approve almost immediately (barring some other deeper issues, i.e. not eligible to open acc due to bankrupt/US passport/etc)

and then you will be cursing rize ranting.gif cause their app fail IC capture wont tell us so that we can go re-do the application and leave us in the dark
Optizorb
post Jan 30 2024, 10:42 PM

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QUOTE(nexona88 @ Jan 30 2024, 10:20 PM)
Now got GX Bank to talk about 😁

Later Boost Bank, AEON Bank etc 😜
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what's there to talk about gx bank?

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