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 Digital bank Rize, By Al Rajhi Bank

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Lancer07
post Feb 1 2024, 09:00 AM

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Saw someone shared the reply from Rize just now

Jan profit will be done in two transactions today, just monitor the account balance until end of the day
jkngo2003
post Feb 1 2024, 09:04 AM

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QUOTE(leanman @ Feb 1 2024, 08:03 AM)
I have just received another line of interest, date this morning 7.40am, maybe the difference. I did not calculate

user posted image
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i also get the extra interest rm116.84 at 7.51am just

profit earned is 402.6rm

Optizorb
post Feb 1 2024, 09:04 AM

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QUOTE(wadafak @ Feb 1 2024, 08:19 AM)
no another line of interest for me and i jz move my fund out, foresee another bank run after incoming.  biggrin.gif
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how to have "another" when there wasn't one in the first place? rolleyes.gif
leanman
post Feb 1 2024, 09:09 AM

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Just be a little open minded, not that they are not paying you, everyone make mistake. By a few moving tenth of thousands out, it won’t have any impact on them. Just be positive
sjz
post Feb 1 2024, 09:40 AM

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QUOTE(leanman @ Feb 1 2024, 09:09 AM)
Just be a little open minded, not that they are not paying you, everyone make mistake. By a few moving tenth of thousands out, it won’t have any impact on them. Just be positive
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yes.
everyone make mistake.
but not the SAME mistake over and over and over again doh.gif doh.gif

most learn from the mistake and takes step to prevent it from happening again.

This post has been edited by sjz: Feb 1 2024, 09:40 AM
sp3d2
post Feb 1 2024, 09:57 AM

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QUOTE(wadafak @ Feb 1 2024, 08:19 AM)
no another line of interest for me and i jz move my fund out, foresee another bank run after incoming.  biggrin.gif
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May I know where u want to move it ? Bcoz I don't want to put all my savings in this rize alone.
LostAndFound
post Feb 1 2024, 09:58 AM

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Mine seems correct, single transaction at 11:59:59. But I only opened my account in middle of January. So it seems the mistake is only for existing account?
lee90
post Feb 1 2024, 10:08 AM

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haha missing 1%
!@#$%^
post Feb 1 2024, 10:10 AM

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almost every month must find things to troubleshoot eh
ronnie
post Feb 1 2024, 10:14 AM

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For JAN-2024 Interest Payout
we should received one on 31-Jan-2024
and another manual transfer on 01-Feb-2024

As per my calculation, it's perfect match for 4% Interest !!! I only have "deposits in Jan"

This post has been edited by ronnie: Feb 1 2024, 10:15 AM
wadafak
post Feb 1 2024, 10:15 AM

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QUOTE(sp3d2 @ Feb 1 2024, 09:57 AM)
May I know where u want to move it ?  Bcoz I don't want to put all my savings in this rize alone.
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kdi 4% up to 50k 3.5% any after, versa 4% up to 30k. gx 3%

prefer kdi as higher rate and daily compound too.. withdrawal also fast 1 day


BWassup
post Feb 1 2024, 10:28 AM

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QUOTE(wadafak @ Feb 1 2024, 10:15 AM)
kdi 4% up to 50k 3.5% any after, versa 4% up to 30k. gx 3%

prefer kdi as higher rate and daily compound too.. withdrawal also fast 1 day
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KDI is trouble free, except transfers in and out are not instantaneous.

The 4% offered is the compounded rate. The simple rate will be lower than 4%.

This post has been edited by BWassup: Feb 1 2024, 10:48 AM
BWassup
post Feb 1 2024, 10:47 AM

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I got one interest credit on 31 Jan. Hard to verify if it is accurate or not, as the account was fairly active in January.

Need to see the monthly statement first.

Anyone knows when the monthly statement will be available? TQ
Lancer07
post Feb 1 2024, 10:51 AM

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Second transaction just in, ngam already
Justin.Loong
post Feb 1 2024, 11:00 AM

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QUOTE
Rize is still the clear winner.
The banking app is insured by PIDM and allows you to earn 4.0% pa on any amount, paid monthly.

However, this promo rate will expire by the end of March.

StashAway’s earnings rate used to be 3.8% pa, but they’re reducing it to 3.6% starting next month.

Read more here:
https://thefuturizts.beehiiv.com/p/5-best-p...vings-right-now

Optizorb
post Feb 1 2024, 11:00 AM

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QUOTE(BWassup @ Feb 1 2024, 10:47 AM)
I got one interest credit on 31 Jan. Hard to verify if it is accurate or not, as the account was fairly active in January.

Need to see the monthly statement first.

Anyone knows when the monthly statement will be available? TQ
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if only got the 31st jan credited and not 1st feb credited then confirm not accurate as CS already said everyone also affected by the short crediting.

if you get the other one credited today, then should be correct interest amount dy for your month of Jan.

then up to you want to verify its exact or not. For me I would still verify la, I always do manual verification on 1st of the month, regardless got problem or not
tadashi987
post Feb 1 2024, 11:01 AM

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-case closed-

This post has been edited by tadashi987: Feb 2 2024, 12:56 PM
ronnie
post Feb 1 2024, 11:09 AM

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QUOTE(tadashi987 @ Feb 1 2024, 11:01 AM)
Transdfer 1.5k from RZ to OCBC through DuitNow, again Proxy error shown, balance deducted but not creditting into OCBC balance.

sigh I dunno how many more chance should I give to RZ  doh.gif
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If not happy, move the funds out, and request account closure. This is the better action to show them "who's the boss"
BWassup
post Feb 1 2024, 11:11 AM

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QUOTE(Optizorb @ Feb 1 2024, 11:00 AM)
if only got the 31st jan credited and not 1st feb credited then confirm not accurate as CS already said everyone also affected by the short crediting.

if you get the other one credited today, then should be correct interest amount dy for your month of Jan.

then up to you want to verify its exact or not. For me I would still verify la, I always do manual verification on 1st of the month, regardless got problem or not
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ok thanks, will wait till EOD.

But yea, still have to wait for statement to check properly. Which dunno when will be available hmm.gif
Optizorb
post Feb 1 2024, 11:20 AM

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QUOTE(BWassup @ Feb 1 2024, 11:11 AM)
ok thanks, will wait till EOD.

But yea, still have to wait for statement to check properly. Which dunno when will be available hmm.gif
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takes like 1 week for statement to be available iirc.
so i just manually calculate on my own only. screenshot all transactions from previous month, then tally up each end of day's balance. if you have an excel spread ready it would be very simple and doesn't take much time to calculate it. Certainly much faster than waiting for the statement to be available


i also make a lot of transactions every month, using it like a normal banking acc.



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