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 Digital bank Rize, By Al Rajhi Bank

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guy3288
post Nov 9 2023, 09:05 PM

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ok now how fast if we need money big amount

i tested 2 accounts today

8+am tried duitnow RM50k to MBB saving account,
it says duitnow cant be sent, to contact customer care,

i dont need the money so i ignored it
but within 5 mins CS called me, she asked is it me and said can proceed
do again ,success, money in instantly. ok pass

1+pm tried another account, same error message appeared
again waited for CS call, but this time no call even after 30min,
i hantam an email to Rize said i needed money urgently
then received call around 2pm, Duitnow done, money instantly into MBB SA.

acceptable i think,
hopefully next duitnow to same receiving bank account would not need call approval again.
KDI is best in this no need call approval. but no instant money .must wait till nite.

then i experimented with my various bank accounts,
found Rize would not accept Alliance bank account with 15 digits.

has anyone done withdrawal to Alliance saving account?
Any problem?

other bank accounts all seem ok,
only Alliance accounts not accepted,
it says error code 52, invalid account
i tested deposit money to Rize from that "invalid" account masuk pulak!





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guy3288
post Nov 10 2023, 07:58 PM

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QUOTE(woowoo1 @ Nov 9 2023, 10:00 PM)
At 4pm today I transferred rm4.9k to alliance bank, no problem.pass thru instantly
*
how did you transfer out? you use NRIC duitnow
or you managed to key in 15 digits Alliance accounts number?

Any idea how to add favourite bank account when not withdrawing?

QUOTE(jasontoh @ Nov 10 2023, 10:49 AM)
Wow you have so much cash in this account?
*
FD rate so low mah, just park first .

QUOTE(ronnie @ Nov 10 2023, 02:48 PM)
did you have to pay the 50 sen DuitNow fee ?
*
No
any one kena 5o sen fee for big amount 1 shot transfer?


QUOTE(virulence @ Nov 10 2023, 03:20 PM)
From what I notice, system will block once transfer amount is 5 digits and need to contact CS for verification before they perform 'maintenance' to your account.

Still required to do this even if you have made max transfers to your own accounts in the past.
*
sien......., once verified genuine already lar....why Rize CS so free lar.
BI do favourite transfer repeat, instantly success, no need apps approval also!
so convenient.

QUOTE(nexona88 @ Nov 10 2023, 03:46 PM)
After so long...
Now only getting yours....

Really problem with this Rize...

Transfer big amount also like "blocked"...
They called & confirm with you only can complete the transaction....
*
Rize better learn from KDI few hundredks also can,
no need fear big withdrawal lah, then people can put in more..

my case of extra credit, today D9 still there

guy3288
post Nov 14 2023, 11:17 PM

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QUOTE(UnrequitedC @ Nov 14 2023, 10:21 PM)
Actually I quite skeptical on Rize.

- Not so much advertisement/news covering for Rize.
- The bank is not prominent in Malaysia.
- 5% interest sounds abit too good to be true.
- Attractive rewards/prize that not offered by any other banks.
- Now there is late payment of interest
- CEO Malaysia step down

Can anyone confirm pidm cover for this Rize saving account?
*
you takut kah?
250k protected


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guy3288
post Nov 16 2023, 03:05 AM

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QUOTE(virtualgay @ Nov 15 2023, 10:45 AM)
high hand - pls translate to chinese to understand
*
high hope more entries
guy3288
post Nov 17 2023, 08:22 PM

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QUOTE(Curs3dZed @ Nov 17 2023, 11:29 AM)
Got two money in on 11/15.
One labeled as "Profit earned"
Another one is "DuitNow Pay to Account / Profit Earned for Oct 2023".

See if they noticed and roll back one of the transaction sweat.gif

(Edit: it is not much because I only put small amount of principal,
what if this happen on those 250k account)
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thumbup.gif
QUOTE(nexona88 @ Nov 17 2023, 12:01 PM)
Don't worry

Sure they would revert back the $$$ from your account...

Auditing for banks don't play2 one.... Very detailed one... Especially if the banks done wrong... Very fast take action...

If customer did wrong... Then good luck on getting back the money 😁 delay until pigs can fly one 🤪
*
u would be surprised... brows.gif

QUOTE(ronnie @ Nov 17 2023, 12:03 PM)
No such thing as free money
Like monopoly “bank error collect £200”
*
biggrin.gif

QUOTE(bokbokchai @ Nov 17 2023, 12:03 PM)
Mine still not yet revert thou haha.
One credit on 14 and one on 15
*
mine more than 2 weeks biggrin.gif biggrin.gif
guy3288
post Nov 23 2023, 02:00 AM

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QUOTE(Optizorb @ Nov 22 2023, 11:43 PM)
double credit money reversed already
*
like that must run first.
guy3288
post Dec 1 2023, 02:26 PM

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QUOTE(lsl640 @ Dec 1 2023, 12:59 PM)
No, they locked down the duitnow qr dy
*
QUOTE(ericlaiys @ Dec 1 2023, 01:00 PM)
duitnow all stop services.....
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software problem i believe


QUOTE(nexona88 @ Dec 1 2023, 01:00 PM)
too much mass withdrawals by angry & frustrated customers
*
i withdrew few hunded ks 1-2 days ago for ASM silky smoothe ,
no calls, no block,
duitnow out at 12.10am in time
to buy ASM 2.00am
no loss of interest at all! thumbsup.gif


QUOTE(nexona88 @ Dec 1 2023, 01:01 PM)
damage control in place  devil.gif

stopped the outflow by Rize existing customers  bangwall.gif
*
i dont think that is the reason.
Do it that way would only cause more people to withdraw.


QUOTE(!@#$%^ @ Dec 1 2023, 01:07 PM)
bank run? wtf
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Relax bro..heart must be steady.
Rize apps memang well known like that

QUOTE(nexona88 @ Dec 1 2023, 01:32 PM)
my personal mistake done...

just count me lucky I don't really have much in Rize... got others places parked as backup....

imagine those really heavy in Rize... GG now lorh
*
i put nearly 1M, still got another 600+k now

QUOTE(virtualgay @ Dec 1 2023, 02:08 PM)
now my 10k still stuck
need pay this pay that pay everything but cannot use
*
i WD near 400k past 2 days, all instantly received.


guy3288
post Dec 1 2023, 09:07 PM

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QUOTE(virtualgay @ Dec 1 2023, 08:54 PM)
i give them chance continue keep money here till end of dec
*
yeah will continue same also.


despite all the hoo ha ,

interest all received no short
instead got extra in
2 accounts RM30+ and RM100+
no complain.
guy3288
post Dec 1 2023, 09:19 PM

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QUOTE(virtualgay @ Dec 1 2023, 09:13 PM)
the 1% extra vs GX Bank is worth the hoohaa-
*
GX bank at most can only get RM100 from me in each account

Rize different, i can put alot more and not losing out in interest

Versa also i have but i hate the interest i dont know how to calculate

guy3288
post Dec 3 2023, 09:58 PM

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QUOTE(BWassup @ Dec 3 2023, 09:45 PM)
Good idea! They can credit each account with RM20 as a retainer fee, due to the inconvenience caused laugh.gif
*
The apps messed up has caused Rize alot of money methinks.

interest incorrect, money not credited here, over credited there...
short people would not let Rize makan.
more Rize bite the bullet lah.

guy3288
post Dec 4 2023, 09:32 AM

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QUOTE(BWassup @ Dec 3 2023, 10:10 PM)
Actualy I dont know how they make money as a digital bank, because they need to cover high interest paid to depositors, staff costs, etc. So far, I have not received any marketing information or telemarketing calls from them. Not that I want them to call me, but just wondering hmm.gif
*
banks can make money , but this chaos has caused them to lose additional money in errors in crediting
guy3288
post Dec 5 2023, 01:00 AM

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QUOTE(Optizorb @ Dec 5 2023, 12:03 AM)
Likewise, just because you no longer enjoy something, doesn't mean others have to not enjoy it as well.
*
He is unhappy we didnt add more noises create more havoc and panic
join urgent mass withdrawals mimick a bank run
instead go support and deposits lagi or just stay put steady.

he forgot
ada benefit we come lah,
takda benefit we automatically leave wan..
no need pursuasion lah.




guy3288
post Dec 5 2023, 01:25 AM

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QUOTE(!@#$%^ @ Dec 5 2023, 01:10 AM)
if u understand then u understand, if u dun then u dun. i leave it at there. at the end of the day, everyone for themselves.
*
sounds macam you are our insurer ?... rclxub.gif

we lose money in Rize takkan we go look for u..
surely everyone takes own responsibility lah.
that is not a reason to go yapping at others
guy3288
post Dec 5 2023, 01:38 AM

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QUOTE(!@#$%^ @ Dec 5 2023, 01:27 AM)
that's y. if u have some intellect, then u know we are making multiple efforts to get rize to acknowledge their mistake and do something about it. u wanna stay then stay la, u wanna leave then leave la. freedom.
*
I remember teaching you last time
dont simply scream bank run, that will not help
it will only aggravate your own problem
and add to ours also.

remember the story i tell,
if you are in a crowded cinema
you saw a small fire somewhere
dont simply scream fire run in panic
causing everyone to panic rushing to the exits
jamming up the doors
at the end you sendiri jugak susah.

stay cool think first lah.





guy3288
post Dec 14 2023, 01:35 PM

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QUOTE(plantcloner @ Dec 14 2023, 10:21 AM)
There is a clause:
Upon expiry of the Campaign Period, Eligible Customers will no longer enjoy the
Special Profit Rate and Eligible Customer(s) CMSA will revert to the prevailing board
rates applicable to CMSA.

It means that after Mar 31, 2024, the rate for Rize will surely be reduced from 4% to perhaps 2.5% or lower.
*
Whoa.... ini talk so similar like our suspended fren..facepalm guy
SURE will be reduced.... doh.gif




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.
*
Risk of losing 250k? like that sure not worth taking risk lah..
gimme extra RM2500 also i wont take that risk.

the real risk i see it...
is some potential unlucky inconvenineces of the lousy apps.
losing few RM in interest is the most you can lose,
definitely not few hundreds RM..
what more RM250k.

but i can understand those who kena
once bitten twice shy...

i have 6 accounts so far so good.
got bonus tim...

guy3288
post Dec 28 2023, 12:56 AM

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QUOTE(BWassup @ Dec 26 2023, 09:09 PM)
"It doesn't matter if the cat is white or black, as long as it catches the mice" - Deng Xiao Peng laugh.gif
*
agree, so will continue to support Rize until the day others paying higher.

QUOTE(frankliew @ Dec 27 2023, 08:48 AM)
Better put at UOB One Account. 4% too but must have RM100k la
*
i got more than that also i chose Rize.
easy in easy out,

UOB stash account i have also,
cannot get 4% so easy like Rize lah.


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guy3288
post Jan 1 2024, 02:13 AM

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QUOTE(Optizorb @ Jan 1 2024, 01:46 AM)
aik rize tipu say maintenance.

one of my account profit credited liao
*
yes and
the calculation is accurate right to the sen!
despite i got in and outs thumbsup.gif
system auto calculate ?everyone receive correct amount this time...





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guy3288
post Jan 1 2024, 12:23 PM

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

Thanks.
*
for those who want to do it manually,

take my example above

1)30.11.23 int 324.72 =total $60486.15

2)1.12.23 start with $60486.15

Dec 23=31D,

First $5k x5% x31/365 =$21.233
Balance $55486.15 x4% x31/365 =$188.501

Additional Deposits

3)8.12.23 Deposit $30k
Int =30k x4% x24/365 =$78.904

4)13.12.23 Deposit $1300
Int =1300 x4% x19/365 = $2.707


Add all int up =RM291.34
------------------------------------------------------------------------
Note, If you have withdrawal, just deduct the interest

example
20.12.23 withdraw $5000,
deduct interest 5000 x4% x12/365 =$6.575

Final interest on 31.12.23 = $291.34 - $6.58 =$284.76

guy3288
post Jan 1 2024, 01:08 PM

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QUOTE(johnnyenglish123 @ Jan 1 2024, 12:44 PM)
Interest credited timely, accurately!

Wonder why most ppl panic and all go withdraw 🤣
*
becos once people screamed bank run etc,
others panicked and would run helter skelter...

QUOTE(johnnyenglish123 @ Jan 1 2024, 12:44 PM)
Oh I did withdraw also, instant arrive to my bank account. So I send it back to rize
*
this is what i like with Rize, KDI you wont be able to do this

If KDI, you cant get your money so easily,
even if you can get, you cant deposit back in time to earn same day interest.

Rize is the best,
i deposit at 11.58pm still can earn interest for the day.
deposit 2 min get 24 hours interest!

imagine if someone deposited RM10M at 11.58pm and withdraw next day
Rize would lose RM1095 buta! (1D interest)


guy3288
post Mar 1 2024, 06:04 PM

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QUOTE(leanman @ Mar 1 2024, 10:19 AM)
This page very quiet today  tongue.gif
Seems like interest paid with no problem, mine like out by 0.20 sen, could be rounding difference.
All ends well, one more month to go, lets see what's next!
*
i used 366 for calculation,
alot of ins and outs, still not bad..
2 short 32 sen, 98 sen
2 accounts extra RM10.93, RM6.97

QUOTE(ronnie @ Mar 1 2024, 11:35 AM)
good lo... remove the troublemakers who keeps complain aje.
*
grin.gifgrin.gif

trouble makers ? they are the saviours they said.


QUOTE(sjz @ Mar 1 2024, 11:47 AM)
my 2 cents, the campaign quite likely to be extended beyond March.

else is gg for Rize  console.gif  console.gif

as many stay with them due to the interest 4% p.a. .
*

FD 4.15% also i still use Rize 4%

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