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 GXBank 1st Digital Bank in 🇲🇾 ! 🥳🥳🥳

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Ivan113
post Jan 19 2024, 01:53 PM

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The best part about GX Bank is the security feature. You cannot install GX bank app on 2nd phone without first accessing the app in the first phone to disable it, meaning you will need to have physical access to your 1st phone, unlock the phone, enter PIN code to disable it, and then only you can login the app on your 2nd phone. No need scare your account getting hacked, unless you succumbed to social engineering, or someone made a malware that can disable the app on your 1st phone, I highly doubt that.
JimbeamofNRT
post Jan 19 2024, 02:15 PM

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QUOTE(Ivan113 @ Jan 19 2024, 01:53 PM)
The best part about GX Bank is the security feature. You cannot install GX bank app on 2nd phone without first accessing the app in the first phone to disable it, meaning you will need to have physical access to your 1st phone, unlock the phone, enter PIN code to disable it, and then only you can login the app on your 2nd phone. No need scare your account getting hacked, unless you succumbed to social engineering, or someone made a malware that can disable the app on your 1st phone, I highly doubt that.
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err... this feature already in hong leong apps for quite some time IIRC

in case if u lost your hp, u need to call CS to disable it
porgie
post Jan 19 2024, 02:26 PM

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https://www.lowyat.net/2024/314897/gxbank-g...ard-debit-card/

GXBank Card is starting to roll out in batches.
Ivan113
post Jan 19 2024, 02:30 PM

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QUOTE(JimbeamofNRT @ Jan 19 2024, 02:15 PM)
err... this feature already in hong leong apps for quite some time IIRC

in case if u lost your hp, u need to call CS to disable it
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oh, I don't have Hong Leong, I don't know this feature, I got CIMB, bodoh one their security feature, if someone hack my SIM card, can access all my details.
Natsukashii
post Jan 19 2024, 02:33 PM

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QUOTE(Ivan113 @ Jan 19 2024, 01:53 PM)
The best part about GX Bank is the security feature. You cannot install GX bank app on 2nd phone without first accessing the app in the first phone to disable it, meaning you will need to have physical access to your 1st phone, unlock the phone, enter PIN code to disable it, and then only you can login the app on your 2nd phone. No need scare your account getting hacked, unless you succumbed to social engineering, or someone made a malware that can disable the app on your 1st phone, I highly doubt that.
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I'm not very confident about it.. I reset my device, but completely forgot to remove device from the app. I thought just like other banks.. it will rewrite the device. So after I reset the phone and installed, attempt login.. although the PIN is correct, my access is blocked. Now the part where I say I'm not confident is.. I called customer service, they removed it for me. After reset, I don't recall there was notice for 12h cooling period.

Not sure how they are confident that it's the right person.. maybe they see the incoming call number, and I only request remove device and not reset PIN. So it was smooth process? I remember the PIN, just wanted to remove the old device.

It was 11pm something. biggrin.gif

Anyway I'll still use GX bank just not as my primary account yet.

This post has been edited by Natsukashii: Jan 19 2024, 02:35 PM
Natsukashii
post Jan 19 2024, 02:38 PM

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QUOTE(Azurues @ Jan 19 2024, 01:48 PM)
It is extremely primitive with lots of function not available

They really just want you to link to their grab app or invest that 3% return thats all
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I believe their goal is to have the service released before deadline 04/2024 and also, not to be too late that they might lose people's interest in trying their digital bank (which might happen if others like Boost, or AEON launches and people stick to that).

This post has been edited by Natsukashii: Jan 19 2024, 02:39 PM
Ivan113
post Jan 19 2024, 02:40 PM

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QUOTE(Natsukashii @ Jan 19 2024, 02:33 PM)
I'm not very confident about it.. I reset my device, but completely forgot to remove device from the app. I thought just like other banks.. it will rewrite the device. So after I reset the phone and installed, attempt login.. although the PIN is correct, my access is blocked. Now the part where I say I'm not confident is.. I called customer service, they removed it for me. After reset, I don't recall there was notice for 12h cooling period.

Not sure how they are confident that it's the right person.. maybe they see the incoming call number, and I only request remove device and not reset PIN. So it was smooth process? I remember the PIN, just wanted to remove the old device.

It was 11pm something.  biggrin.gif

Anyway I'll still use GX bank just not as my primary account yet.
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agree, that's a "loophole", because I think they can blame customer if hacker know the PIN, hence they do not take responsibility, cooling period is important, this delay the hacker to transfer out the money while give time to victim to report to them
CyberKewl
post Jan 22 2024, 06:28 AM

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interested to know how gxbank makes money with no fees (at the moment). start charging fees later on to make money/cover costs ? currently no fees to attract more customers to the bank? i'm guessing financing products coming soon (personal loans etc) which would also be how they make money but apart from that can't see how they'll make money at all..
p4n6
post Jan 22 2024, 08:39 AM

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QUOTE(CyberKewl @ Jan 22 2024, 06:28 AM)
interested to know how gxbank makes money with no fees (at the moment). start charging fees later on to make money/cover costs ? currently no fees to attract more customers to the bank? i'm guessing financing products coming soon (personal loans etc) which would also be how they make money but apart from that can't see how they'll make money at all..
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I think now their target is to fund their account, once reach certain threshold can start providing loan etc …
SUStatabun
post Jan 22 2024, 08:46 AM

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check my what? email? phone? gxapp?

so far i check the app no gxcard updates yet

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woowoo1
post Jan 22 2024, 12:25 PM

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QUOTE(tatabun @ Jan 22 2024, 09:46 AM)
check my what? email? phone? gxapp?

so far i check the app no gxcard updates yet

user posted image
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They are rolling out the debit card feature selectively only. I had the icon to apply debit card in the gxbank but when I check my son's gxbank account, no such feature. When I spoke to customer service, they piloting the debit card feature to selective customer for now and later to all
SUStatabun
post Jan 22 2024, 12:26 PM

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QUOTE(woowoo1 @ Jan 22 2024, 01:25 PM)
They are rolling out the debit card feature selectively only. I had the icon to apply debit card in the gxbank but when I check my son's gxbank account, no such feature. When I spoke to customer service, they piloting the debit card feature to selective customer for now and later to all
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i see ok got it. thank you.

hope the 1% cb remains even after the promo period
CyberKewl
post Jan 22 2024, 12:31 PM

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QUOTE(p4n6 @ Jan 22 2024, 08:39 AM)
I think now their target is to fund their account, once reach certain threshold can start providing loan etc …
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yeah that'd be my guess - baby steps to get there.
CyberKewl
post Jan 24 2024, 03:17 PM

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anyone got their physical debit card yet? mine shown out for delivery since 21st Dec and still havent received in my mailbox. I wonder if can fit in mailbox also since mine is verysmall (stay in condo)
SUSandylyc
post Jan 24 2024, 03:19 PM

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Bank for money laundering?
soonwai
post Jan 24 2024, 04:47 PM

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QUOTE(CyberKewl @ Jan 24 2024, 03:17 PM)
anyone got their physical debit card yet? mine shown out for delivery since 21st Dec and still havent received in my mailbox. I wonder if can fit in mailbox also since mine is verysmall (stay in condo)
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Not yet. Mine shown as out for delivery on 20/1. "arrive by" date is 25/1. Wait till tomorrow before I chat them.
woowoo1
post Jan 24 2024, 04:56 PM

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QUOTE(soonwai @ Jan 24 2024, 05:47 PM)
Not yet. Mine shown as out for delivery on 20/1. "arrive by" date is 25/1. Wait till tomorrow before I chat them.
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I just got mine today. They send by courier to my house via citilink. Need to pick up in person for mine and take picture of me and my consignment by courier person

This post has been edited by woowoo1: Jan 24 2024, 04:59 PM
CyberKewl
post Jan 24 2024, 05:45 PM

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QUOTE(woowoo1 @ Jan 24 2024, 04:56 PM)
I just got mine today. They send by courier to my house via citilink. Need to pick up in person for mine and take picture of me and my consignment by courier person
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good to know. I'm expecting them to give tracking info - when i called support they said no tracking info, they will put in mailbox..so that means that's nonsense from the CS smile.gif

Thanks!
CyberKewl
post Jan 24 2024, 05:48 PM

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btw how big is the parcel? is that small like an envelope or a small box ? last time when I got rize it was a small box with lanyard and the card inside the box.

able to share pic of the parcel (if you still have the box)?

This post has been edited by CyberKewl: Jan 24 2024, 05:52 PM
woowoo1
post Jan 24 2024, 06:17 PM

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QUOTE(CyberKewl @ Jan 24 2024, 06:48 PM)
btw how big is the parcel? is that small like an envelope or a small box ? last time when I got rize it was a small box with lanyard and the card inside the box.

able to share pic of the parcel (if you still have the box)?
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No box, just citilink plastic wrap with card inside envelope. I did receive a call from them B4 they pass me the item

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This post has been edited by woowoo1: Jan 24 2024, 06:18 PM

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