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 Digital bank Rize, By Al Rajhi Bank

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nexona88
post Mar 20 2024, 09:32 AM

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QUOTE(leanman @ Mar 20 2024, 08:59 AM)
Not sure how much money you guys have in Rize, sounded like hundreds of thousands…everyone is so concerned with 31/3 πŸ˜…
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Every single cents & ringgit is counted 😁

That's why so concerned with the promo rates extension or not...
nexona88
post Mar 20 2024, 11:49 AM

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QUOTE(lsl640 @ Mar 20 2024, 09:34 AM)
Most likely less than 3.75% la, since the personal loan they keep pushing is 3.75%
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Then should be around 3% πŸ‘Œ
nexona88
post Mar 20 2024, 11:55 AM

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QUOTE(woowoo1 @ Mar 20 2024, 11:53 AM)
If 3%, I will move all the money to gxbank. Their system is stable and daily interest as opposed to monthly interest for rize
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For now it's all speculation only...

Need to see what's up with Rize....

No solid news @ info as for now 😁
nexona88
post Mar 20 2024, 02:27 PM

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QUOTE(ronnie @ Mar 20 2024, 02:14 PM)
just take it all out.... tell them we want 4% or don't bother keeping my money in there.
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Later they give us trouble to transfer out...

Like One of our members...

Limit 50k, but cannot use it...

Need to be lower at 30k only can transfer out...

Who knows it's would be reduced to 5k devil.gif
nexona88
post Mar 21 2024, 08:12 AM

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QUOTE(damien5119 @ Mar 20 2024, 10:14 PM)
So I've been having issues all day with the app on ios. Could not log in all day and had to make some QR payments from maybank instead. Just called them and apparently its a known issue, but unknown when it will be fixed.
No updates on socmed or any notif about the problem. c'mon
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After no extension of promo rates...

Just withdraw all & close the account...

Too much headache to bare
nexona88
post Mar 21 2024, 05:54 PM

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QUOTE(guy3288 @ Mar 21 2024, 02:18 PM)
i can put 1.25 million and all still covered by PIDM
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Multiple accounts with multiple names from family whistling.gif
nexona88
post Mar 21 2024, 08:00 PM

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QUOTE(guy3288 @ Mar 21 2024, 06:17 PM)
i  need speed to move money .

no choice, because banks put a limit RM50k -100k daily transfer limit per account.

with 5 accounts i can move more in 1 day .

if bank  does not put this daily transfer limit
1 account enough, i dont go for PIDM.
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Well it's bank security features....

But the funny thing is even with all these 50k / 100k limit.... People still lose $$$$ to scammer or hackers....

Just imagine if No daily limit imposed....
Really GG πŸ˜”
nexona88
post Mar 22 2024, 09:18 AM

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QUOTE(ronnie @ Mar 22 2024, 09:16 AM)
limit is to prevent bank run
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Hmmm...
Really...

Go counter...
Withdraw all... How to stop people?
Close the branch operation 😁
nexona88
post Mar 22 2024, 11:35 AM

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QUOTE(ycktech @ Mar 22 2024, 11:26 AM)
Digital Bank no branch ...
No counter to go to  biggrin.gif
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Talking about ordinary bank...

Digital bank no choice lorh....
Slowly & steady withdraw daily...

Until CS call to verify the transaction 😁
Then only unblock your transaction
nexona88
post Mar 22 2024, 05:38 PM

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Next week confirmation would be out...

No information means No extension given...
nexona88
post Mar 22 2024, 10:35 PM

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Suddenly "system down" when want to transfer out... After no extension given by Rize

Can sense it afar devil.gif
nexona88
post Mar 23 2024, 03:15 PM

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QUOTE(Optizorb @ Mar 23 2024, 12:25 PM)
and you know this because...?

as far as i can tell, all those from here who received the call from AR, did not proceed with it..
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Because staff of the bank says there's increase in customer numbers doing transaction after Rize introduced.... Many of new members are from Rize platform...

Your saplings is from lowyat forum.
Mine is from the branch itself πŸ‘Œ

No right or wrong.


nexona88
post Mar 23 2024, 06:01 PM

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QUOTE(virtualgay @ Mar 23 2024, 04:18 PM)
Rize is quite nice to use just sad that they gonna just leave it unattended
Bagila 3.75% we will stay juga
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Many of us want Rize to expend the rates....

But it's unsustainable yo... How long can they offer such rates...

Also the parent also gotten some of the pie of Rize existing pool of members... Profit for them πŸ‘Œ
nexona88
post Mar 23 2024, 08:08 PM

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QUOTE(!@#$%^ @ Mar 23 2024, 07:01 PM)
unfortunately they are ntg without the interest rate
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Without the promotion rates offered...

Many would just park elsewhere.... But if they give higher than GX... Maybe some would change their mind....

Anyway
Next week shall know πŸ‘Œ
nexona88
post Mar 24 2024, 10:42 AM

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Until June??

Then go to 3%??? πŸ€”
nexona88
post Mar 24 2024, 11:17 AM

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QUOTE(sjz @ Mar 24 2024, 11:11 AM)
my guess is gradully reduce another level to 3.6% ish in July promo  whistling.gif
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Possibilities is there...

Don't want drastically reduced the rate...
Wait & see the first outcome... Test water first....
nexona88
post Mar 24 2024, 11:20 AM

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QUOTE(BWassup @ Mar 24 2024, 10:57 AM)
Quite good. A bit better than my hopeful prediction of 3.75% :thumbsup:
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My prediction is around 3% 😁

But this consider okay...

But it's until June only... After that guarantee reduced lower... Probably around 3.5% +/-
nexona88
post Mar 25 2024, 08:46 AM

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QUOTE(virtualgay @ Mar 25 2024, 12:31 AM)
Like OPR 3 month review once and revise the amount lo... So next review will be 3rd week of June 2024 so we wait see 3.8% will go back 4.0% or down to 3.5%
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They looking if they can sustain or not with the rates...

See also if there mass withdrawal transfer out of existing funds or not....

Then make decisions to extend or reduced....
nexona88
post Mar 27 2024, 05:14 PM

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QUOTE(lburner @ Mar 27 2024, 01:38 PM)
Guys, does Rize only support DuitNow transfers?
Yesterday, I made a transaction from my maybank2u to Rize. I remember the only option available for the transaction type was "GIRO" no DuitNow. So I made the transfer yesterday, but it was not reflected in Rize. I just called the CS from Rize today and they told me they dont support GIRO transfers. Now, my money is missing. Anybody else faced this situation before?
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Money would be returned back.

Next few days time max πŸ˜‰
nexona88
post Mar 28 2024, 07:55 AM

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QUOTE(gooroojee @ Mar 27 2024, 07:43 PM)
The 1% for a month is worth the bank knowing who is cash rich... can plan targeted marketing later on..
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Nothing surprising...

It's all database collection....

Rize also did the same thing.

Those cash rich or hnwi... Being offered full banking services by parent bank...

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