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 Digital bank Rize, By Al Rajhi Bank

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xander2k8
post Apr 10 2023, 01:13 PM

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QUOTE(Pikichu @ Apr 10 2023, 12:46 PM)
Report hlb to bnm, result bnm decline report.
Keci mouse report cat, they will just LOL.

Only 3 things we can do, vote with wallet, union and get MP to enact law.
TQ for your concern.
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Even when they decline there is the record there at least

So far HLB and OCBC been very kind and good to me and no hassle rather than the Tiger bank 🤦‍♀️

Union is also useless because govt will use NGOs to bust the unions while MPs are self serving unless it will benefit them 🤦‍♀️

I only vote with my money and if I not happy will just move to the one that benefits me 👏

QUOTE(nexona88 @ Apr 10 2023, 12:53 PM)
BNM kinda close eye only

Banks always have the advantages...

There's many hidden fees... Unknown to many...
Not only by this, but others banks too...
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BNM doesn’t care as the banks pay them bank in whatever they lend to plus OPR

The only BNM will take action if there major public backlash

At least report to show them that they are blinded by greed while self serving 🤦‍♀️
Pikichu
post Apr 10 2023, 02:10 PM

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QUOTE(nexona88 @ Apr 10 2023, 12:53 PM)
BNM kinda close eye only
Banks always have the advantages...
There's many hidden fees... Unknown to many...
Not only by this, but others banks too...
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Evil's best disguise is almighty.

QUOTE(xander2k8 @ Apr 10 2023, 01:13 PM)
Even when they decline there is the record there at least
So far HLB and OCBC been very kind and good to me and no hassle rather than the Tiger bank 🤦‍♀️
Union is also useless because govt will use NGOs to bust the unions while MPs are self serving unless it will benefit them 🤦‍♀️
I only vote with my money and if I not happy will just move to the one that benefits me 👏
BNM doesn’t care as the banks pay them bank in whatever they lend to plus OPR
The only BNM will take action if there major public backlash
At least report to show them that they are blinded by greed while self serving 🤦‍♀️
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1. Agree, report produce record.
2. On the contrary, because union is effective, that's why crush it. Old gov't use 3R to divide people.
3. Old MPs are self serving yet there are some who know they must also serve people for support.
4. Vote with wallet is good. Yet it only go so far. Many cases, strongest will of one person is insuffice.
5. They have to disguise their true masters and intent. Also prevent backlash like in France.
6. Anyway, those are the ways to reform. If reform fails, then we slave or revolt. Revolts are bloody.

As for Rize, under AR, largest Islamic bank in Middle East, its just their way to get database & raise profit.
Al Rajhi refuse to accept Rize's depositors at Al Rajhi's branch counters, saying go deposit in other bank then transfer to Rize.
Are they so afraid or aroused to see my knees and ankle biggrin.gif
confusedway
post Apr 10 2023, 08:05 PM

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user posted image

user posted image

Received welcome pack... the debit card looks nice...
Hoshiyuu
post Apr 10 2023, 09:11 PM

wow i unlocked this
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QUOTE(confusedway @ Apr 10 2023, 08:05 PM)
user posted image

user posted image

Received welcome pack... the debit card looks nice...
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Received it today too! Surprised by the fancy af box. The card is nice but not my favourite kind of design.
Pikichu
post Apr 11 2023, 04:00 PM

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Welcome pack looks nice.

My friend applied for account, next day get call to invest in Australia land AUD100k expo in Pavilion this weekend, and another spam call. Coincidence or largest Islamic bank despo for profit ?
gooroojee
post Apr 11 2023, 04:07 PM

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QUOTE(cklimm @ Apr 5 2023, 08:15 PM)
As per TnC, we need debit card to be eligible for 5%?
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After all fees and charges.. nett a bit less..

5% of 5k max is rm20.83 interest per month, but need to give away so many things like personal data for marketing, etc.


cklimm
post Apr 11 2023, 08:01 PM

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QUOTE(gooroojee @ Apr 11 2023, 04:07 PM)
After all fees and charges.. nett a bit less..

5% of 5k max is rm20.83 interest per month, but need to give away so many things like personal data for marketing, etc.
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how about paying for broadbands, some membership subscriptions that also take so many things like personal data for marketing?
gooroojee
post Apr 11 2023, 08:12 PM

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QUOTE(cklimm @ Apr 11 2023, 08:01 PM)
how about paying for broadbands, some membership subscriptions that also take so many things like personal data for marketing?
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Personal choice. No right or wrong
jiaen0509
post Apr 12 2023, 11:08 AM

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QUOTE(Pikichu @ Apr 9 2023, 07:13 PM)
Al Rajhi also not much different from conventional bankers.

1. There is a agency fee 0.01% on this a/c stated in product info's PDF.
2. Sign up T&C includes consent to marketing by bank and partners.
3. Bank will collect religion personal data, in T&C.
4. Call Rize customer service 2x but no pick up, suppose to be 24/7.

Trying to find out a few process include if Bankcard will incur $8 annual fee.
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Option 1: First 8 Free - Any subsequent withdrawal after 8 times will be charged RM 0.50
Option 2: RM8 Unlimited Withdrawals
Pikichu
post Apr 12 2023, 11:28 AM

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QUOTE(jiaen0509 @ Apr 12 2023, 11:08 AM)
Option 1: First 8 Free - Any subsequent withdrawal after 8 times will be charged RM 0.50
Option 2: RM8 Unlimited Withdrawals
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What are you talking about?

My friend applied after 2 days still not information on success or fail.
Look at the welcome box also useless accessories in gay theme colour.
Even staff is embarrass how Rize operates. No wonder Al Rajhi ...
jiaen0509
post Apr 12 2023, 11:32 AM

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QUOTE(Pikichu @ Apr 12 2023, 11:28 AM)
What are you talking about?

My friend applied after 2 days still not information on success or fail.
Look at the welcome box also useless accessories in gay theme colour.
Even staff is embarrass how Rize operates. No wonder Al Rajhi ...
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I am sharing on “…Trying to find out a few process include if Bankcard will incur $8 annual fee.”
Pikichu
post Apr 12 2023, 11:48 AM

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QUOTE(jiaen0509 @ Apr 12 2023, 11:32 AM)
I am sharing on “…Trying to find out a few process include if Bankcard will incur $8 annual fee.”
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You sharing but trying to find out process biggrin.gif
Some of the posts in Finance are oxymoron

Rize charge agency fee 0.01% in account product disclosure sheet, PDS
Bankcard RM10, first year free, 8 ATM withdrawals free monthly + 9th onwards : 0.50 each
Replacement card: RM12. Using other banks ATM / payment network may incur charge.

Pay Net transfer: RM5k free, exceeding 5k = 0.50 per transfer.
1800 call center but no branch counter transaction.
Applications are user approval to Rize on using personal data for marketing.

I did not see RM8 unlimited ATM withdrawals on PDS, and not bothered to verify.
My friend's application had tens of T&C pages to read but Rize claims they are transparent.

QUOTE(Pikichu @ Apr 9 2023, 08:53 PM)
RM10.00 annually, first year free.
After how many times call in, call drop, but stated customer service 24 / 7.

Rize client charter stated transparency but this fee is not stated anywhere on website, product info and terms. As someone posted, AR is largest Islamic bank in the world. So rich yet... Buyer beware.
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BWassup
post Apr 12 2023, 12:09 PM

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Also important if intending to use it as a high yield "parking" account - what are the online withdrawal limits, and is it as fast as normal bank Duitnow (instant)/IBG (same day)?
confusedway
post Apr 12 2023, 12:46 PM

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QUOTE(gooroojee @ Apr 11 2023, 04:07 PM)
After all fees and charges.. nett a bit less..

5% of 5k max is rm20.83 interest per month, but need to give away so many things like personal data for marketing, etc.
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but bro 5k 5%... anything more than that is 4%... still worth for a temporary parking account right???
xander2k8
post Apr 12 2023, 12:50 PM

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QUOTE(confusedway @ Apr 12 2023, 12:46 PM)
but bro 5k 5%... anything more than that is 4%... still worth for a temporary parking account right???
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Any money it is not worth it when you get doxxed and your data got leaked to many other unreponsible parties 🤦‍♀️

Sometimes don’t be penny wise pound foolish for just a couple of RM

This post has been edited by xander2k8: Apr 12 2023, 12:50 PM
nexona88
post Apr 12 2023, 12:55 PM

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QUOTE(BWassup @ Apr 12 2023, 12:09 PM)
Also important if intending to use it as a high yield "parking" account - what are the online withdrawal limits, and is it as fast as normal bank Duitnow (instant)/IBG (same day)?
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nowadays most CASA or those high yield accounts have DuitNow facilities / MEPS IBFT
confusedway
post Apr 12 2023, 02:12 PM

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QUOTE(BWassup @ Apr 12 2023, 12:09 PM)
Also important if intending to use it as a high yield "parking" account - what are the online withdrawal limits, and is it as fast as normal bank Duitnow (instant)/IBG (same day)?
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According to QnA - https://www.rize.com.my/index.php/support#faq

What is DuitNow? Are there any fees for using DuitNow?
DuitNow is a convenient way to transfer money instantly to your recipients using DuitNow ID, including your smartphone number, MyKad/passport number, army/police number, business registration or account number.
No, it is FREE for consumers to send and receive money up to RM5,000. For transactions above RM5,000, a RM0.50 sen fee is applicable.

Are there any limits for fund transfers performed on Rize?
The maximum combined limit set for third party transfer, DuitNow (Instant Transfer), and DuitNow QR is RM50,000.00 per day.
You may change the limit set under ‘Account Settings & Limits’ section in the Rize App.
Mr. Najib Razak
post Apr 12 2023, 03:25 PM

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Dear

Thank you for reaching out to us.

Kindly be informed that currently the RM10 issuance fee for Rize debit card is waived for the first 5,000 customers.
The annual fees for debit card is RM10.
The replacement fees for debit card is RM12.

There are no other fees charged for Rize account.

You may refer to this link for more information about Rize: https://www.rize.com.my/index.php/support#faq
Warm Regards,

send email @3.05pm reply within 10 min @3.14pm, kinda prompt eh
xander2k8
post Apr 12 2023, 03:30 PM

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QUOTE(Mr. Najib Razak @ Apr 12 2023, 03:25 PM)
Dear

Thank you for reaching out to us.

Kindly be informed that currently the RM10 issuance fee for Rize debit card is waived for the first 5,000 customers.
The annual fees for debit card is RM10.
The replacement fees for debit card is RM12.

There are no other fees charged for Rize account.

You may refer to this link for more information about Rize: https://www.rize.com.my/index.php/support#faq
Warm Regards,

send email @3.05pm reply within 10 min @3.14pm, kinda prompt eh
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Working hours reply but it looks like scripted copy and paste

This post has been edited by xander2k8: Apr 12 2023, 03:30 PM
Mr. Najib Razak
post Apr 12 2023, 03:33 PM

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QUOTE(xander2k8 @ Apr 12 2023, 03:30 PM)
Working hours reply but it looks like scripted copy and paste
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i applied just now and approved already so fast
top up rm100 try2


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