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 Digital bank Rize, By Al Rajhi Bank

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xander2k8
post Oct 4 2023, 05:34 PM

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QUOTE(virtualgay @ Oct 4 2023, 03:42 PM)
The CEO of ARBM just resign
He is the guy who spearhead Rize
I hope Rize continue to stay on
*
Rize will stays on 🤦‍♀️ most likely he is going to GXS or start his own FinTech
xander2k8
post Oct 4 2023, 06:47 PM

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QUOTE(cybpsych @ Oct 4 2023, 06:02 PM)
yes and not just limited to 5k la. deposit more will get 4% p.a. rate, which is good too.
*
Don’t forget at 4% with PIDM protection up to 250k with liquidity
xander2k8
post Oct 5 2023, 08:44 PM

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QUOTE(virtualgay @ Oct 5 2023, 11:50 AM)
speculation said till end of 2024....
*
Won’t be that long 🤦‍♀️ BNM will only start taking action when the Feds start cutting rates middle next year

QUOTE(virtualgay @ Oct 5 2023, 01:14 PM)
The only digital bank that will be successful is Grab or TNG which already have user base.

Let us wait for GXS to come
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Both are not digital bank in the 1st place 🤦‍♀️ they are only licensed EWallet providers

Don’t expect GXS to offer super rates as GXS Singapore is already 100 basis points lower than the cash rates itself 🤦‍♀️

QUOTE(virtualgay @ Oct 5 2023, 02:36 PM)
i hope they separate their Grab App and their Digital Baking App
if they combine sure issue like kena hack or money all drain because of kena hack
better dont combine lo.. for security purpose keep it separate
*
Will have to seperate due to BNM licensing regulations 🤦‍♀️

xander2k8
post Oct 6 2023, 03:42 PM

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QUOTE(virtualgay @ Oct 5 2023, 09:01 PM)
dont know tng gonna partner with who since they want become superapp
*
Definitely CIMB 🤦‍♀️ as they are already superapp unlike AirAsia

QUOTE(virtualgay @ Oct 6 2023, 02:34 PM)
i realize since first 2 months using RIZE with saving POT
it is hard to calculate the interest if u do that as it will pay out in both saving pot and normal pot
so track till crazy
if u the type of not tracking then ok
for me i do some tracking and counting to ensure they dont short change me
*
If you want to track just make sure main account at rm10 🤦‍♀️ and the rest move to savings pot

QUOTE(mamamia @ Oct 6 2023, 02:46 PM)
What’s saving pot? I saw it in the app, but dunno what is it about
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Savings pot is to move all your money to save and you cannot transact to it as it is protection from any money being deducted in your account

If you want to transact then move it to your main account
xander2k8
post Oct 6 2023, 06:04 PM

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QUOTE(mamamia @ Oct 6 2023, 04:20 PM)
Ooo, so, it is something like secure ur money
*
Yes it is like that where you stash away the money plus you can create multiple savings pot for it
xander2k8
post Oct 11 2023, 07:59 PM

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QUOTE(ronnie @ Oct 11 2023, 04:08 PM)
didnt receive yet...
was it send to android users only hahahaha
*
It should be to all 🤦‍♀️ have to send in batches slowly
xander2k8
post Oct 17 2023, 06:49 AM

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QUOTE(virtualgay @ Oct 16 2023, 10:30 PM)
if ZERO% i take 1.0M put inside RIZE then slowly pay them back through installment
basically we take Alrajihi money put into Rize to earn interest
free money who dont want hahaha
*
If you are eligible to take up 1million you wouldn’t be bother with Rize already 🤦‍♀️

Borrowing that amount the interest % would be very low if you know
xander2k8
post Oct 17 2023, 11:21 PM

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QUOTE(virtualgay @ Oct 17 2023, 09:04 PM)
this forum always made me laugh... sometimes after a day of hardwork come in here to reply damn syok!

anyway no hard feelings la... we all are strangers smile.gif

my hope or most of our hope here is to make sure RIZE dont go back to board rate... after 31st Dec else i also headache every few days need to tikam at 2AM with ASM
*
You mean the tier board rates? likely it will go down back to 4% because it is not sustainable 🤦‍♀️
xander2k8
post Oct 19 2023, 05:08 PM

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QUOTE(lsl640 @ Oct 19 2023, 09:50 AM)
Not working, need to clear data and removing
Now lock for 12h cooling period, stupid app
*
Not stupid 🤦‍♀️ because it is security feature mandated by BNM

QUOTE(blabla987 @ Oct 19 2023, 10:29 AM)
i thought the interest every day they credit.. but nothing eh
*
No banks will will payout daily in interest 🤦‍♀️ because it is easier and cost efficient for them to do monthly payout instead otherwise why do you think they can afford to pay promo rates
xander2k8
post Oct 19 2023, 06:48 PM

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QUOTE(virtualgay @ Oct 19 2023, 06:42 PM)
Bur housing loan they charge u daily hahaha
*
Of course 🤦‍♀️ otherwise where they get money to pay your interest
xander2k8
post Oct 22 2023, 06:39 PM

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QUOTE(sjz @ Oct 22 2023, 10:17 AM)
probably they will check on JPJ record for your cars too  biggrin.gif  biggrin.gif

anything above 2.0 cc, automatically disqualified as B40  whistling.gif  whistling.gif

i think they still did not take into account of luxurious car with turbo small cc engine but rather the actual cc.
*
They are smart enough to take the value of the car instead 🤦‍♀️ because of EEV

CC is already outdate way of taxing ppl while they will look at new ways when they are now looking into taxing those soon with EV road tax once the subsidy is gone year after next
xander2k8
post Oct 23 2023, 01:27 PM

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QUOTE(sjz @ Oct 23 2023, 09:30 AM)
the long processing in their apps is  doh.gif  doh.gif

i called their CS, was told that if its processing for more than 1 day, mean it won't go through.
due to unclear IC,
CS request to register a new account and abandon the previous application.

i register a new account and instantly able to open and transact.

not sure why their apps won't tell you to reupload IC if its unclear but instead keep stuck at the processing page
*
The problem lies in the image capture software integration 🤦‍♀️ and the outsourced lazy programmer take the easy way out by capturing blurred image and let it through instead of throwing error message to the user instead
xander2k8
post Oct 23 2023, 02:36 PM

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QUOTE(sjz @ Oct 23 2023, 02:28 PM)
yes.
i am surprised to know that they say tell you under processing but in fact the application is failed due to blurry IC image.

they should immediately ask you to recapture IC image on the spot and solve the problem
*
The problem is 🤦‍♀️ they took shortcuts instead with outsource programmer like mentioned earlier months ago in this thread

Then rely backoffice to check manually while praying the customer to check on the status 🤦‍♀️
xander2k8
post Oct 23 2023, 07:00 PM

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QUOTE(virtualgay @ Oct 23 2023, 02:37 PM)
maybe that is the reason why the CEO left the company ... devil.gif  devil.gif
*
That is not the reason 🤦‍♀️ when a CEO says is he is leaving due to personal or health reasons it is implied that under their leadership the business is failing to meet profitability target 🤦‍♀️

QUOTE(sjz @ Oct 23 2023, 02:55 PM)
i think this is the case too, their so called IC verification, anything will go through.

just tat if good to go, you can use your account immediately, if no, it will show under processing message.
but what shocking to know is that, they don't even have back office to check or even update on status at all.

if your IC verification failed, your application will show under processing, permenently.

and the only solution is to register a new account (as suggested by their own CS)  doh.gif

seem like they don't even have any access to reject the application and let you verify your IC again
*
They shouldn’t have a back office in the 1st place 🤦‍♀️ as digital back office should be in place early on for digital bank unlike now 🤦‍♀️ whereby CS have to login into their central repository to check on your account status
xander2k8
post Oct 25 2023, 06:47 PM

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QUOTE(ronnie @ Oct 24 2023, 10:41 PM)
very lucky.... i didnt add new money in Rize for sep/oct
*
Not lucky 🤦‍♀️ only eligible not entitled yet to the prize
xander2k8
post Oct 25 2023, 06:50 PM

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QUOTE(skty @ Oct 25 2023, 06:08 PM)
is there any cut off time for the daily balance used to calculate the daily interest?
*
Mentioned before 🤦‍♀️ please read in the forum here
xander2k8
post Oct 26 2023, 01:06 PM

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QUOTE(guy3288 @ Oct 25 2023, 11:49 PM)
we all start from small same,
as long as you value money  (even small as you said) you are on your way
sikit sikit lama lama jadi
:thumbsup:
this is very good.. withdraw from KDi morning night time get interest from Rize!!
i deposited 5k just now to test see.
no daily compounding it seems
Not lucky? did you get  SMS?
1 out of  how many thousands........no luck can get SMS?
3 days for you to get the answer, if cant get YOHYTB

if later  SMS said he won
twisted logic  still can say not lucky
only eligible not yet spent not your money .. doh.gif  doh.gif
*
Go read the contest mechanics 🤦‍♀️ 1st sms is potential and eligible while only 2nd sms weeks later is the actual winner 🤦‍♀️

xander2k8
post Oct 26 2023, 01:18 PM

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QUOTE(virtualgay @ Oct 26 2023, 01:13 PM)
no SMS for me be it 1 or 2
i dont even know am i elligible or not
*
Eligible if you put in at least MAIB of rm500 🤦‍♀️ minimum

Potential and eligible is you received 1st sms to answer a question and then 2nd sms weeks later to crown the actual winner
xander2k8
post Oct 27 2023, 02:38 PM

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QUOTE(virtualgay @ Oct 26 2023, 01:23 PM)
i think the issue is with the word "I" which stand for incremental
my balance is always around 7k++ and max also 10k then come back down to 5k
i guess in order for me to participate i need to dump more money
for example this month i withdraw everything make it like left 100
then next month i pump 10k in so i got entry-

**correction**
i just realize max also they give 15 entries with 1k incremental so all i need to do is to make sure next month i down fall below 11k
*
That is why a lot ppl didn’t read properly 🤦‍♀️ only incremental from the previous closing month

QUOTE(guy3288 @ Oct 26 2023, 09:26 PM)
whoa like that susah lah
must  be incremental from previous month amount?
1st month deposit how?

rugi lo 1st month  put a alot...
only incremental deposit next month kira....  shocking.gif
*
Which is why you should read TnC properly 🤦‍♀️


QUOTE(virtualgay @ Oct 26 2023, 09:55 PM)
yalo.. complicated
never read TnC ma...
now feel like stupid
but my amount is small so i gonna increase and keep it at 11k next month for the whole month just to win 15 entries
*
Simple 🤦‍♀️ just add on 1 month a day and the withdraw and add again next month
xander2k8
post Oct 27 2023, 08:09 PM

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QUOTE(guy3288 @ Oct 27 2023, 06:37 PM)
dont worry la bro, we go for 5% and 4% cukup.
may be we get entries also ....
yes seems faster and faster now..
wondering why the RM20 cashback from July  till now still tak habis habis...
i guess not many abuse it open account, deposit only Rm20, get RM20..
bro do you even have Rize Account?
You main sampuk  saja every where... doh.gif  doh.gif
every topic also  you know inside out kah??

Do you read the terms and conditions properly yourself?

Dont pretend clever la want to criticise people only...

And what is that simple , " Simple 🤦‍♀️ just add on 1 month a day and the withdraw and add again next month"
Can you  clear your mind first before you talk?

Apa itu add on 1 month a day??
*
You wouldn’t know what you are talking as MAIB is simple as you think 🤦‍♀️ especially for serial savers

QUOTE(virtualgay @ Oct 27 2023, 08:00 PM)
actually this Monthly Average Incremental Balance is not that simple as it take the monthly average balance of last month vs this month and in order to even get the calculation for last month u need to add in your daily balance from 1 to 30 (Oct) then divided by 30 days. Then again do the samething from Nov where you need to add from 1 to 31 (Nov) then divided by 31

the result from Nov - October should show incremental.. where i say like this it looks easy and simple to understand but when you plug the number in, then it is a different story.
*
It look easy 🤦‍♀️ if you don’t do any spend transaction and just serial save


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