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 Digital bank Rize, By Al Rajhi Bank

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UnrequitedC
post Nov 14 2023, 10:21 PM

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Actually I quite skeptical on Rize.

- Not so much advertisement/news covering for Rize.
- The bank is not prominent in Malaysia.
- 5% interest sounds abit too good to be true.
- Attractive rewards/prize that not offered by any other banks.
- Now there is late payment of interest
- CEO Malaysia step down

Can anyone confirm pidm cover for this Rize saving account?


UnrequitedC
post Dec 1 2023, 12:33 PM

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Use VPN change location to US. Then it's ok for me now.
UnrequitedC
post Dec 1 2023, 04:02 PM

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If u guys really worried and the amount not big. Just go withdraw the money using the card.
UnrequitedC
post Dec 1 2023, 04:32 PM

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I transferred 2k from another bank to rize but was not successful. Money not deducted from original bank, but check rize this morning this amount reflected in apps.
UnrequitedC
post Dec 2 2023, 08:06 AM

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It seems like the same error appears again.
UnrequitedC
post Dec 2 2023, 08:22 AM

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There are excess fund in my account due to transaction error. Just tried this morning. This fund is transferable to other bank. Wonder what will they do if I just transfer out these money.
UnrequitedC
post Dec 2 2023, 08:31 AM

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QUOTE(cybpsych @ Dec 2 2023, 08:26 AM)
no need waste time tempting fate la

left the fund untouched. rize will clawback eventually. if unsufficient fund to clawback, your account will go negative and you owe the bank. they can demand the money back or take legal action.
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Yea. You are right. I still keep that amount in the account and withdrawn the rest. Doesn't worth the risk to keep for now.
UnrequitedC
post Dec 2 2023, 08:34 AM

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QUOTE(ericlaiys @ Dec 2 2023, 08:24 AM)
yes rize having same problem again. now the worse is no transaction history even my rm1 transfered. now it depend on luck. rm1 successful transfer,dont  guarantee larger amount will pass. that is the risk when failed, money lost again. i only know my fate after few hours. this is my worse experience
*



Tried login twice without VPN = error
Switch to VPN = can access and transfer fund for sometimes.

This system really unstable now

UnrequitedC
post Dec 4 2023, 06:59 PM

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Now my account becomes negative. Seems like the problem still not rectified yet. Have to send email to them.
UnrequitedC
post Dec 4 2023, 10:13 PM

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QUOTE(ericlaiys @ Dec 4 2023, 08:46 PM)
how u become -?
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I deposited 5 times 1st December midnight. 2 successful, 3 fails. Now I withdraw all my balance. And after correction, they consider all these 5 deposits as failed transaction.
UnrequitedC
post Dec 4 2023, 11:10 PM

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QUOTE(ericlaiys @ Dec 4 2023, 10:35 PM)
u deposit???? most people having issue on withdrawal problem. but you deposit on that day? wow...brave men.
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I deposited at 01/12 midnight, before there was a login issue in the morning. Already send email. See what they will respond. Luckily I have withdraw all my balance. Or else my cash will be trapped by them.
UnrequitedC
post Dec 11 2023, 09:20 AM

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My account still shows negative balance. Emailed but no response. There seems to be no more response in Facebook also. Anyhow I already withdrawed the balance that's belong to me. Really no idea what's this bank is doing.

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