Dare when i see this line

Well you are only putting in RM5000.
But if they want to scan ic also so mafan then forget it.

Hopefully they not abusing the PIDM name...

Since riding on parent AlRajhi Bank only 😁

when work let me know ya
I will invest RM20 for free gift jackpot

Never seen this bank as one of the licensed digital bank before.


https://www.bnm.gov.my/-/digital-bank-5-licences

Bank Negara Malaysia (BNM) wishes to announce the five successful applicants for the digital bank licences as approved by the Minister of Finance Malaysia.

A. The following applicants are to be licensed under the Financial Services Act 2013 (FSA):

a consortium of Boost Holdings Sdn. Bhd. and RHB Bank Berhad;

a consortium led by GXS Bank Pte. Ltd. and Kuok Brothers Sdn. Bhd; and

a consortium led by Sea Limited and YTL Digital Capital Sdn Bhd.

B. The following applicants are to be licensed under the Islamic Financial Services Act 2013 (IFSA):

a consortium of AEON Financial Service Co., Ltd., AEON Credit Service (M) Berhad and MoneyLion Inc.; and

a consortium led by KAF Investment Bank Sdn. Bhd.

actually it's a savings account, so it's not surprising it's protected under PIDM. It would be otherwise.

This post has been edited by confusedway: Apr 21 2023, 02:46 PM

I think the savings account under AlRajhi Bank but on different platform... In this case Rize

Something like that...

Otherwise why do you think why TNG, Boost and GrabPay doesn’t have shop why ppl still put in money and use 🤦‍♀️

It is not like you put all your money into it just a portion of your savings as you think have shop means stability and won’t collapse 🤦‍♀️ CS have shown you otherwise if if they got shop 🤦‍♀️

Anyone can be a digital bank as long as the money is transacted through licensed bank itself 🤦‍♀️ in this case it is through Al Rajhi

Even TnG can be a digital bank as long they are partnering one with bank license holder currently

Yes as the actual physical money is transacted through Al Rajhi network while the execution is done through Rize while piggybacking and collecting just the data from Al Rajhi hence Rize Platform which doesn’t have or hold the actual money

Bankcard RM10, first year free, 8 ATM withdrawals free monthly + 9th onwards : 0.50 each

may i confirm do it mean the ATM withdrawal through MEPS is free for 8x monthly?

Better check with your bank issuance card as some banks known not to honour it and force you take option 2 instead 🤦‍♀️

so it's kinda safe then...

only is the data being "exploited" for their marketing & others purposes

I spoke to their Customer Support earlier and she told me it isn't necessary to have debit card for special profit rates so this subject is rather confusing. Even their T&C on website has no mention of debit card:
https://www.rize.com.my/application/themes/...OTICE_Final.pdf

maybe the CS didn't get the latest memo??

or the people in the bank / CS departments also confused too

you can check Support under FAQ on their website, it does state their Support team operates 24/7

Yes indeed it is very confusing as there are 2 different amended TnCs as below:

https://www.rize.com.my/application/themes/...OTICE_Final.pdf

https://www.rize.com.my/application/themes/..._Rize_Final.pdf

So which is the real final one???

As long as PDPA is adhered no issue on marketing purposes if they share internally

24/7 is only fraud team everything else is by banking hours 🤦‍♀️

No confusion as there is no final one 🤦‍♀️

The 1st is the master while the amended 2nd is only to cover the interest calculation only

Hmm...
Good if that's the case...

I will try again in a few days time.
Unless it's my card too old or something, I think the exact position that I need to place in order for my card to be scanned is a little bit too much. Not worth this few dollars(I can still put in versa in the mean time for 4%)

Sometimes I dunno what is their purpose. Why make until so complicated. When I scanned using other application also not so difficult. Even though my card is a little bit old.

I tried to transfer 50k to another bank earlier but the Rize app said transaction was blocked and to contact CS. I was annoyed and thinking today was a holiday too but in about 2 mins their CS called me to verify regarding this transaction. Not sure if this is a good thing as this security is to avoid scams.