https://www.pidm.gov.my/en/how-we-protect-y...em/member-banks

The PIDM registered bank is "Al Rajhi Banking & Investment Corporation (Malaysia) Berhad"

For Al Rajhi Bank, how can the wording "Investment" use for PIDM as usually investment banking not cover for PIDM    
They can merge the conventional banking and Investment bank become 1 entity and get PIDM cover

For local bank, usually conventional bank and investment bank is 2 different entity.
For this case, if the Al Rajhi Bank investment business invest in Grade C Bond and ''zhap lap'' which affect their conventional banking and Digital Banking(Rize), do we still get PIDM cover?

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Bottom also got the notes, Investment bank can not be a member of PIDM.

Non-Member Institutions:
Investment banks
Overseas branches of member banks
Development financial institutions and cooperative banks
All non-bank financial intermediaries such as provident and pension funds, co-operative societies, housing credit institutions and building societies which are not supervised or regulated by Bank Negara Malaysia

Anyone have major issue scanning ic? Why they cannot just allow user to manually take a photo. Really stupid and troublesome.

And I am a gamer so if I cannot do it most ppl cannot do it too.

Anyone have major issue scanning ic? Why they cannot just allow user to manually take a photo. Really stupid and troublesome.

And I am a gamer so if I cannot do it most ppl cannot do it too.

https://www.pidm.gov.my/en/how-we-protect-y...em/member-banks

The PIDM registered bank is "Al Rajhi Banking & Investment Corporation (Malaysia) Berhad"

For Al Rajhi Bank, how can the wording "Investment" use for PIDM as usually investment banking not cover for PIDM    
They can merge the conventional banking and Investment bank become 1 entity and get PIDM cover

For local bank, usually conventional bank and investment bank is 2 different entity.
For this case, if the Al Rajhi Bank investment business invest in Grade C Bond and ''zhap lap'' which affect their conventional banking and Digital Banking(Rize), do we still get PIDM cover?

-----------------------------------------------------
Bottom also got the notes, Investment bank can not be a member of PIDM.

Non-Member Institutions:
Investment banks
Overseas branches of member banks
Development financial institutions and cooperative banks
All non-bank financial intermediaries such as provident and pension funds, co-operative societies, housing credit institutions and building societies which are not supervised or regulated by Bank Negara Malaysia

Reply from Rize CS regarding debit card compulsory to enjoy 5% rate

[attachmentid=11465825]

may i know what is this profit rate and agency fee ?

https://www.pidm.gov.my/en/how-we-protect-y...em/member-banks

The PIDM registered bank is "Al Rajhi Banking & Investment Corporation (Malaysia) Berhad"

For Al Rajhi Bank, how can the wording "Investment" use for PIDM as usually investment banking not cover for PIDM :confused:  :confused:  :confused:
They can merge the conventional banking and Investment bank become 1 entity and get PIDM cover :confused:

For local bank, usually conventional bank and investment bank is 2 different entity.
For this case, if the Al Rajhi Bank investment business invest in Grade C Bond and ''zhap lap'' which affect their conventional banking and Digital Banking(Rize), do we still get PIDM cover?

-----------------------------------------------------
Bottom also got the notes, Investment bank can not be a member of PIDM.

Non-Member Institutions:
Investment banks
Overseas branches of member banks
Development financial institutions and cooperative banks
All non-bank financial intermediaries such as provident and pension funds, co-operative societies, housing credit institutions and building societies which are not supervised or regulated by Bank Negara Malaysia

Anyone have major issue scanning ic? Why they cannot just allow user to manually take a photo. Really stupid and troublesome.

And I am a gamer so if I cannot do it most ppl cannot do it too.

Bro, PIDM protect the 'product' bank offer eg saving account etc... but not the whole banking entity, which you mentioned investment banking are not part of the product that is covered under PIDM... some banks like sotong and harimau bank also offers products that not covered under PIDM, so can we say harimau bank saving account are not cover or protected by PIDM???

Are you guys talking about whether this Rize fund is protected by PIDM?

Someone is confused because of the entity and not the product 🤦‍♀️ which is being covered by PIDM as they are mandated only to cover all registered and licensed banks by BNM on savings and FD products only with the exception of BSN savings and FD which is covered by the govt itself

Damm, seem PIDM just a marketing gimmick, bank sell 1 product under PIDM, then keep promote we are under PIDM, then sell other 99 product no cover see which customer will fall into

Is like shipee discount voucher giv u 99% but max cap at RM 1

My account Opening still pending, my review for this bank

Interest High  ✔️
Account Opening within 2 working days ❌
24/365 email support ❌

My account Opening still pending, my review for this bank

Interest High  ✔️
Account Opening within 2 working days ❌
24/365 email support ❌

Bro, your case is a bit weird la. I successfully opened the account the same day, and I also helped my wife to successfully open her account even though it takes slightly few hours more to process hers. Besides, I also call the CS up to double confirm how to get the promo rate and the response was fast and accurate. In fact after using Rize App for some time, i quite like the interface and how fast the app react. To be, I am pretty happy with them except if they end their promo rate after Aug 31

Damm, seem PIDM just a marketing gimmick, bank sell 1 product under PIDM, then keep promote we are under PIDM, then sell other 99 product no cover see which customer will fall into

Is like shipee discount voucher giv u 99% but max cap at RM 1

to trick stupid consumers who fall for it

Bro, your case is a bit weird la. I successfully opened the account the same day, and I also helped my wife to successfully open her account even though it takes slightly few hours more to process hers. Besides, I also call the CS up to double confirm how to get the promo rate and the response was fast and accurate. In fact after using Rize App for some time, i quite like the interface and how fast the app react. To be, I am pretty happy with them except if they end their promo rate after Aug 31

why dun u call and ask? maybe ur identity is flagged for some reason.

I fill self-employed. May be they don't like self-employed as someone mention bank got discriminate self-employed customer.
I do email them, no update. Just now 1:21pm try login still in processing....I registered on 18 April, as the App mention max 1-2 working day, haiz

I fill self-employed. May be they don't like self-employed as someone mention bank got discriminate self-employed customer.
I do email them, no update. Just now 1:21pm try login still in processing....I registered on 18 April, as the App mention max 1-2 working day, haiz

I fill self-employed. May be they don't like self-employed as someone mention bank got discriminate self-employed customer.
I do email them, no update. Just now 1:21pm try login still in processing....I registered on 18 April, as the App mention max 1-2 working day, haiz