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 Digital bank Rize, By Al Rajhi Bank

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jasontoh
post Jun 7 2023, 04:59 PM

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Assuming deposit is 8K, the interest will be 5% (5K) + 4% (3K), or it will be 4% (8K)

jasontoh
post Sep 2 2023, 12:47 AM

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QUOTE(Optizorb @ Sep 1 2023, 11:18 PM)
that's why its so baffling.
my relative should be getting RM48.7 but instead only got RM22+. Means RM26+ missing.
Looks like he and you in the same boat, with so much interest missing.

its not few cents off, its not few ringgit off either. We're talking about in the range of 10~30 ringgit missing.

that's like easily half months of interest not being calculated/credited.

I already had a feeling there's something seriously wrong with Rize when my July interest im supposed to get RM8+ but instead gotten RM18+, and nobody could explain to me why is that so when i contacted their CS.  rclxub.gif  rclxub.gif
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Do you put the money in saving pot? I saw from my account, seems correct. If you have the saving pot, some of the interest will be there
jasontoh
post Sep 6 2023, 02:55 PM

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QUOTE(doxtera @ Sep 6 2023, 02:46 PM)
I cannot even access any of the statements. Done email them and get the same old reply of will escalate the issue. The multitude of problem regarding Rize is worrisome
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Same, don't have statements
jasontoh
post Sep 7 2023, 01:43 PM

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QUOTE(ronnie @ Sep 7 2023, 07:38 AM)
one of the good traits from the wealthy: TRACK EVERYTHING
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This month onward I also want to track the interest for Rize. So far I just did rough calculation and somehow I feel it's correct, but after seeing so many complaints here, I create an excel to calculate, try to minimize deposit/withdrawal frequency
jasontoh
post Sep 14 2023, 12:15 AM

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QUOTE(ikanbilis @ Sep 13 2023, 03:44 PM)
Need to click order

But people here reported no apply card also can get 5%
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I did not order the card, still getting 5%. Btw, why do you want to order the card?

This post has been edited by jasontoh: Sep 14 2023, 12:15 AM
jasontoh
post Sep 14 2023, 10:43 AM

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QUOTE(lovelyuser @ Sep 14 2023, 10:33 AM)
Just tried login will password instead of biometric, no problem now, can login can transfer

Login with biometric need more bandwidth meh??
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Which phone you are using? Although I enable the Biometric, somehow I always need to key in password to login on my phone
jasontoh
post Sep 14 2023, 10:44 AM

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QUOTE(mamamia @ Sep 14 2023, 09:35 AM)
This is mainly due to the tnc on eligibility to get the campaign interest rate of 5%...
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I don't realize there is this tnc to get 5%, but so far me and my wife getting 5%
jasontoh
post Oct 6 2023, 11:11 AM

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QUOTE(snimple @ Oct 6 2023, 10:59 AM)
Im having issues as well and after i reinstall the app now I cant even login

Im stuck at the page after key in the one time password ... it keeps prompt Error session failed request timeout thing
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I just login to move money to saving pot. Still ok.
jasontoh
post Oct 13 2023, 08:58 AM

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QUOTE(virtualgay @ Oct 6 2023, 02:34 PM)
i realize since first 2 months using RIZE with saving POT
it is hard to calculate the interest if u do that as it will pay out in both saving pot and normal pot
so track till crazy
if u the type of not tracking then ok
for me i do some tracking and counting to ensure they dont short change me
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I did calculate the interest in saving pot + normal, so far it is matching with what I've calculated
jasontoh
post Oct 13 2023, 12:09 PM

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QUOTE(virulence @ Oct 11 2023, 08:35 PM)
Maybe once Rize promo is over, can consider their traditional banking foreign currency account but they have limited choices:
https://www.alrajhibank.com.my/page/persona...rrent-account-i

user posted image
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Agency fee is one time off? Like if we convert 10K USD then jz pay the additional 0.01% but we can get this 4.75%

Edit...
It's annually, so effectively it is 4.74%

This post has been edited by jasontoh: Oct 13 2023, 12:10 PM
jasontoh
post Oct 13 2023, 03:47 PM

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QUOTE(lingseng91 @ Oct 13 2023, 12:22 PM)
Hei guys. u ppl should check out on RHB Multi Currency Account on USD FD placement. minimun placement 2000usd. they do offer in weekly, monthly and annually. so far i get 5.55pa for 3 months tenure and 5.21 1 week tenure.

user posted image
user posted image
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Eventually can we wire this out as USD to other account like Wise instead of changing it back to RM before going back to USD in Wise? How is the conversion?

jasontoh
post Oct 16 2023, 05:22 PM

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QUOTE(virtualgay @ Oct 16 2023, 04:55 PM)
i still kasi chance cause where to get 4% and is a banking account
sikit sikit lama lama jadi bukit

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Wow, u hv 250K with rize. Will take you more than 50 transactions to clear
jasontoh
post Oct 25 2023, 10:45 AM

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QUOTE(ronnie @ Oct 24 2023, 10:41 PM)
very lucky.... i didnt add new money in Rize for sep/oct
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Why consider lucky?
jasontoh
post Nov 6 2023, 12:04 PM

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QUOTE(virtualgay @ Nov 6 2023, 10:31 AM)
they yet to recover my missing money of 1.3k
dont know how long need to wait
who going to compensate me for the interest on 1.3k when it is recovered - hahaha!!
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1.3K interest?
jasontoh
post Nov 7 2023, 04:24 PM

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QUOTE(ronnie @ Nov 7 2023, 01:16 PM)
Received my reply after 3 working days in my email
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You are not getting interest for October? My wife's account delayed 1, then after we call, next day got it already
jasontoh
post Nov 7 2023, 04:45 PM

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QUOTE(ronnie @ Nov 7 2023, 04:36 PM)
How new is your account ?
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1-2 months old
jasontoh
post Nov 9 2023, 02:59 PM

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QUOTE(Optizorb @ Nov 8 2023, 11:57 PM)
updated my post above which answers this.

basically for less than 1 ringgit that is supposedly missing, i cant be assed to chase after rize for it. Since i already know how incompetent they are regarding this stuff. Plus then dont know how long it will even take to resolve it. Worst if they say will be credited with next month's interest then will be another headache to calculate, etc etc.

So i rather keep my monthly communication with them to be regarding the whole amount of late/missing interests only  laugh.gif
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Yea, I also did not chase the 3c missing from one of the account - call it margin of error in calculation
jasontoh
post Nov 9 2023, 03:43 PM

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QUOTE(ronnie @ Nov 9 2023, 03:32 PM)
maybe your calculation is off hahahaha
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=I3*0.04/365....this is suppose to be the correct formula, right? However I'm not sure the PrevDay will have the interest accrue to be calculated together or not, right now my I3 is with the interest
jasontoh
post Nov 9 2023, 05:21 PM

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QUOTE(ronnie @ Nov 9 2023, 03:51 PM)
correct, make sure you split
first RM5000 * 0.05/365
and the balance * 0.04/365

not daily compounded, monthly compounded thus easier to calculate.
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Yea, I split that out. So I think I should remove the calculation for the accrue interest to be calculated - this could be why I'm missing the 3c. However, this is only on one of the account.
jasontoh
post Nov 10 2023, 10:49 AM

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QUOTE(guy3288 @ Nov 9 2023, 09:05 PM)
ok now how fast if we need money big amount

i tested 2 accounts today

8+am tried duitnow RM50k to MBB saving account,
it says duitnow cant be sent,  to contact  customer care,

i dont need the money so i ignored it
but within 5 mins CS called me, she asked is it me and said can proceed
do again ,success, money in instantly. ok pass

1+pm tried another account, same error message appeared
again waited for CS call, but this time  no call even after 30min,
i hantam an email to Rize said i needed money urgently
then received call around 2pm, Duitnow done, money instantly into MBB SA.

acceptable i think,
hopefully next duitnow to same receiving bank account would not need call approval again.
KDI is best in this no need call approval. but  no instant money .must wait till nite.

then i experimented with my various bank accounts,
found Rize would not accept Alliance bank account with 15 digits.

has anyone done withdrawal to Alliance saving account?
Any problem?

other bank accounts all  seem ok,
only Alliance accounts not accepted,
it says error code 52, invalid account
i tested deposit money to Rize from that "invalid" account masuk pulak!
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Wow you have so much cash in this account?

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