Versa 3.95% until june only. back to 3.55% after that...but lose out to KDI in depositing and withdrawal..

BNM only authorized All Rajhi bank ..
Beside saying POWERED BY AL RAJHI BANK, there was no declarations and commitment saying they are part of the bank or whatsoever

How did they get PIDM if not under Al Rajii?

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?

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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.

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?

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

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

You all dare put money in this bank? shop also don't have. the extra 1% more interest not worth the risk.

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.

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

Something like that...

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?

so it's kinda safe then...

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

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??? :confused:

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.

If the debit card charge is a deal breaker to anyone, one way to test it would be to deposit a small amount now, but don't apply for the debit card yet, and see what kind of interest you get for April. According to the Amended T&C effective 20 March 2023:

"Profit earned from relevant Special Profit Rate will be credited to the Eligible Customer’s CMSA on the 1st of every month beginning on 1 March 2023".

So from the profit credited on 1 May 2023, the special profit rate applied can be derived.

Then you know what to do next.

even small transaction will call. large one lagi call for sure. their fraud detection team is really good from what i experienced.

Talking about fraud, how does bank verify that those fraudulent transactions are not done by the account holder? And how does the account holder prove that they didn't actually perform those transactions?

regardless of who made transaction they will call to be sure. that's the best way. no special detection.

they call you and if calling you can be spoofed or intercepted then koyak ledi...if u call diff story..

Is Rize on daily interest or mthly ?

just got response from CS, the debit card is not compulsory to be acquired in order to enjoy the 5% promotional rate

ask for black and white documentation.

Presumably this promo is also eligible for 5% interest?

Rize keeps amending their campaign. Those who opened a week earlier and applied for debit card must be annoyed. Hope they can just waive all debit card fee charge for the first year.

I applied my Rize account on 19 April 2023 and it is pending activation as of today. May I know do I entire for this campaign, RIZE ACQUISITION CAMPAIGN 2023?

Got Apple campaign ?

I read website only got Rize Deposit Campaign 2023 & Rize Acquisition Campaign 2023.

BTW lucky draw prize winning chance is very low, I bet lau li kong gang & family will win First or 2nd prize 

Do you know monies not in the savings pot can earn interest, right ?

why do they have a clause that says transfer out first 5K is free and transfer out more than 5K there is a charge of RM0.50 per transfer.... tot digital bank should encourage online transfer more often n make it free ????? where is the logic?

Need to write to BNM see can give pressure or not

have to charge to give you high interest...

who si lau li kong? why you said he can get? he can hack into bank database to change the result? :confused: