Managed to withdraw all your money?

software problem i believe


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!


i dont think that is the reason.
Do it that way would only cause more people to withdraw.


Relax bro..heart must be steady.
Rize apps memang well known like that

i put nearly 1M, still got another 600+k now

i WD near 400k past 2 days, all instantly received.

got some still there...

see later can withdraw all or just give as donation only

This post has been edited by nexona88: Dec 1 2023, 02:28 PM

Left Rm10 inside, can't withdraw..any idea? haha..or have to close account only can take the rm10

Same here
My wife and I are receiving the same message then the apps automatically shuts down

They pass by using testing app 🤦‍♀️ without much consumers loads as POC can be done easily without real life load

Then you should ask the outsource company 🤦‍♀️ as their own support wouldn’t know until you all complaint

Then switch

The interest is only small with 4% goes only 20.54 per month max 🤦‍♀️ ppl flock because of liquidity and PIDM protection

The problem is not the running and operated by imcompentent people 🤦‍♀️ but they have no idea on how the tech works for digital bank which is why always got problem on the back end 🤦‍♀️ so nothing to do with incompetent but lack of clarity on it

i tried to login before the close application message popup, i can see last month interest already creadited to my account balance, now just have to wait their IT guy to fix the issues.

Not that easy because BNM licensed them 🤦‍♀️ so it is back to BNM incompetence for allowing such to happens

Blame on their outsourced 🤦‍♀️

Yes they can backdate anytime 🤦‍♀️ very dangerous for such

CEO resigned to pursue better offers 🤦‍♀️ nothing to do with how their run but how the manage the outsourcing 🤦‍♀️

New app is needed 🤦‍♀️ they will have to go through BNM approval again as it will take time

Website is allowed but questioned is whether they wanna do it 🤦‍♀️ because it will cost more to them to host in the outsourced facilities

Nothing to do with the staff 🤦‍♀️ but the outsourced facilities hosted 🤦‍♀️

Of course they will have paper backup 🤦‍♀️ as BNM will mandated it in their audits 🤦‍♀️

This post has been edited by xander2k8: Dec 1 2023, 02:59 PM

What's the best alternative to rize? Versa, KDI or GX Bank?

I called the RIZE customer service and was put on hold for 10 minutes before the telephone system ended my call.

Nah 🤦‍♀️ it is more on the PM that broke the entire app 🤦‍♀️ as you can see their lines of coding is broken in any function the user is doing

Email 🤦‍♀️ because they want to record down for ticketing purposes

They won’t bankrupt 🤦‍♀️ because still got physical business

That is what most don’t understand 🤦‍♀️ thinking higher rates with no risk assessment when the fact OPR is so much lower

No and if it ever happens 🤦‍♀️ the bigger banks will forced to take over as BNM will forced them 1st before PIDM will be use as PIDM worse case scenario for liquidation

The last time this happens when EPF was forced to takeover MBSB and RHB to prevent bank runs 🤦‍♀️

Cannot compare this way 🤦‍♀️ KDI and Versa are for investment and slower liquidity

The only alternative is GX Bank for now

What if just comparing their "safeness" and their interest? (Maybe also the number of 'bugs' in their app )

gxbank consider lucky. Official launch yesterday. Today rize KO! THink majority move to there as better alternative

why so scared, Rize owned by Al Rajhi what, surely they wont dare to do anything naughty

This post has been edited by dagnarus: Dec 1 2023, 03:04 PM

Due to this issue, they will need to offer 5% interest next year to recover all the withdrawals today

Their no such thing as safeness 🤦‍♀️ but more stability of their operations

First all of three of them are different as GX is bank 🤦‍♀️ while the other 2 are for investment 🤦‍♀️

2nd GX is licensed by BNM and PIDM protected up to 250k while the other 2 is licensed by SC with no PIDM

So you need compare apples to apples in the 1st place 🤦‍♀️

Not considered lucky 🤦‍♀️ they planned to launch 1st Dec to public all this while after BNM approval for go ahead

They won’t offer anymore 🤦‍♀️ as it costs them more money instead as ppl won’t put it because the offer is limited and the stability of their operations

To say they will bankrupt, nolah alrajhi physical presence still here and rize business is too small to bankrupt them. Just the hassle to complaint, see your money missing after transfer only. I am sure as a bank, they have sufficient backup system in place to recover their data. Bnm very strict on Business continuity plan for banks

hahaha. they might have to, to retain existing customers who are cheesed off .

Otherwise, without deposits, how to operate a Bank?

This post has been edited by BWassup: Dec 1 2023, 03:10 PM