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Banking GXBank - First Malaysian Digital Bank (by Grab), UNLIMITED 1% cashback+3% p.a. interest!

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cybpsych
post Mar 15 2024, 05:17 PM

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QUOTE(Lancer07 @ Mar 15 2024, 05:12 PM)
I used GX card at Giant outlet last saturday

Until now still processing, quite a long time to process
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yep, i used at familymart too. took 4 days to get cb (ie T+3 days posting)

paid car service, took 4 days.

condo maintenance, took 4 days.
cybpsych
post Mar 19 2024, 11:03 AM

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QUOTE(ericlaiys @ Mar 14 2024, 06:18 PM)
DuitNow QR and referral is out. Anyone lucky to be 1st batch of user?
It also support malay language
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app showing [Scan] icon at the home page

can scan and display own QR code
cybpsych
post Mar 19 2024, 02:29 PM

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QUOTE(vez @ Mar 19 2024, 11:16 AM)
[attachmentid=11493300]
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QUOTE(moonsatelite @ Mar 19 2024, 02:29 PM)
any screenshots? please share and blur/ remove sensitive info from the screenshots

can't believe that they need to roll out the DuitNow QR scan feature batch by batch
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cybpsych
post Mar 20 2024, 03:24 PM

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QUOTE(kmrdeva @ Mar 20 2024, 01:33 PM)
3rd time using gxbank qr functionality. Failed. Had to use tng eWallet instead.

user posted image
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perhaps try other merchants or next time

duitnow qr payment requires both parties to handshake before a transaction can be completed.

assuming gxbank side was ok (no error, no blocking, not declining), then likely the other party unable to complete/honor the transaction.
cybpsych
post Mar 21 2024, 11:52 AM

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higher rate next month, knowing Rize reducing rate? brows.gif


GXBank Now Supports DuitNow QR Payments Via Its Mobile App - Lowyat.NET

// In addition, GXBank also shared that it will introduce a referral program next month, which will reward users with cash for getting friends or family to sign up with the bank.

The month of April will also see it introduce high cash returns through its Savings Pockets feature for a limited time from 10 April to 9 May 2024, in conjunction with the upcoming Hari Raya Aidilfitri celebration. //



GXBank Shares Upcoming Products Coming In H2 2024

user posted image

This post has been edited by cybpsych: Mar 21 2024, 07:46 PM
cybpsych
post Mar 21 2024, 12:26 PM

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GXBank Launches Impian GIGih Initiative To Support Malaysians In Building Financial Resilience

// To further advance its financial literacy agenda, GXBank will also be hosting an upcoming event called Singgah di Semua on 23 March 2024 with various partners, including Euronet, Idemia, Mastercard, Onfido, and PayNet. Between 2pm to 7pm, the digital bank is inviting Malaysians to learn more about the concept of digital banks and their benefits, while supporting local entrepreneurs at the event and participating in various activities to win exclusive prizes. //


looks like their vendors are as follows:

1) Euronet - card processor
2) Idemia - card vendor/printer
3) Mastercard - card payment scheme/network
4) Onfido - EKYC engine
5) PayNet - DuitNow

This post has been edited by cybpsych: Mar 21 2024, 12:27 PM
cybpsych
post Mar 21 2024, 12:29 PM

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QUOTE(ericlaiys @ Mar 21 2024, 12:25 PM)
they will soon follow like SG side. main ACC low interest & saving pocket higher.
Interest higher should be 3%+ only. It wont 5%
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yeah good, encourage us to keep/save/store the $$ in longer term

funds in saving pocket can be used for their float and they can reinvest/earn more interest. end of the day, revshare some % to us.

funds in main account is highly-liquid, thus earning not much

This post has been edited by cybpsych: Mar 21 2024, 12:29 PM
cybpsych
post Mar 24 2024, 09:16 AM

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QUOTE(ericlaiys @ Mar 10 2024, 06:29 PM)
GX - can get 1% cashback (zero foreign fees, same as mastercard rate)

2nd choice wise - but no cashback & no interest.

Bigpay - dump long time

The winner is GX
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QUOTE(Super2047 @ Mar 24 2024, 08:16 AM)
Is GX rate better than Wise when we spend in overseas?
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no forex markup, for now.
cybpsych
post Mar 26 2024, 04:41 PM

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QUOTE(paogeh @ Mar 26 2024, 04:06 PM)
Update :

GX use card to pay , like swipe card , TNB online ----- all these got 1% cash back ,

GX scan QR --- even though pay to hawker - Its considered transfer----semua no CB .
better use TNG/Grab at least have some points.
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why are you expecting to get cb for QR? GXbank never promise any cashback for it.

Only GX Debit Card has the spending cashback.
cybpsych
post Mar 26 2024, 05:11 PM

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QUOTE(joice11 @ Mar 26 2024, 04:46 PM)
money in this saving pocket need to manualy tranfer out when we want to use or its autotranfer when we use the card?
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of course manual.

that's the whole point of keeping the money in Saving Pocket so that it cannot be access by card spending or receive fund from other GX account laugh.gif
cybpsych
post Mar 27 2024, 05:02 PM

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QUOTE(avril lavigne @ Mar 27 2024, 02:46 PM)
so after got the 1 month interest, then transfer back main account? biggrin.gif
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park the fund wherever gives you better reward and accessibility/fluidity thumbsup.gif
cybpsych
post Mar 27 2024, 09:13 PM

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ok la, 10x pockets x 5000 = 50k savings @ 5% pa
cybpsych
post Mar 28 2024, 02:25 PM

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QUOTE(!@#$%^ @ Mar 28 2024, 01:53 PM)
why only 10 pockets?
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that's the limit for gxbank saving pocket. unrelated to 5% promo.

QUOTE(Lancer07 @ Mar 28 2024, 02:21 PM)
user posted image

Shared by FB user, can try and see.
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cannot try cuz not start yet

alao by then, full t&c already out. no need to try already.


I'm more interested to know if 5% profit is credited everyday like 3% or lumpsum at the end of promo period.
cybpsych
post Mar 28 2024, 08:31 PM

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QUOTE(virtualgay @ Mar 28 2024, 08:23 PM)
Pocket size is just 5k what if I deposit 5k now then I got interest then how? I never explore this before as now if I have 5k also I put into rize
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pocket size no limit wan la

the 5% supposedly applicable to 1st 5k amount in any pocket. I guess the remaining amount will get the base 3% lor
cybpsych
post Apr 1 2024, 07:48 AM

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QUOTE(kakikopiluwak @ Apr 1 2024, 01:00 AM)
Can I pay using my GXBank  account via FPX? GXBank doesnโ€™t seem to be in the list of FPX Banks
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obviously no
cybpsych
post Apr 1 2024, 07:12 PM

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GXBank x GSC Campaign
Campaign period: 1 April 2024 to 30 September 2024
โ€Rewards: Free Regular Popcorn Combo Set worth RM 14.50 when spending a min. of RM50 on any GSC items using GX Card (Fridays to Sundays only)

Terms and Conditions
Effective Date: 1 April 2024 https://www.gxbank.my/docs/terms/GXBank%20x...%20Campaign.pdf

Frequently Asked Questions (FAQ)
https://www.gxbank.my/docs/terms/GXBank%20x...ign%20(FAQ).pdf
cybpsych
post Apr 2 2024, 11:21 AM

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QUOTE(kevyeoh @ Apr 2 2024, 11:20 AM)
so we just create 10 pockets with RM5k each..to maximize it...right?
this is what I understand...checking in case i got it wrong..
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that's the current assumption based on CS chat screenshot posted by other user.

as stated many times here, we should refer to the official T&Cs instead.
cybpsych
post Apr 2 2024, 05:07 PM

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QUOTE(BWassup @ Apr 2 2024, 01:05 PM)
Sorry to ask a few basic questions here. I have yet to open GX account.

Website mentions that both virtual and physical debit cards will be issued when account is opened. Means it is compulsory right?

Is there a fee for the debit card? (I couldn't find the info in the website).

Thanks  smile.gif
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huh? why cannot find?

user posted image
cybpsych
post Apr 3 2024, 02:23 PM

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QUOTE(guy3288 @ Apr 3 2024, 02:18 PM)
Gx bank can max  RM5k x10 for 5%, each account, but daily can withdraw max RM15k only correct?
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5% p.a. promo is for each SAVING POCKET only, and 5% p.a. only granted up to RM5k per saving pocket.

1 GX account can create 10 saving pockets.

in theory, RM5k per saving pocket x total 10 saving pockets are eligible for 5% p.a.


The funds in your Savings Pockets can be transferred to and from your Main Account, but cannot be used for payments or fund transfers to or from other accounts.



GXbank Main Account can transfer max RM50,000 per day. you can change your transfer limit on the GXBank app.
cybpsych
post Apr 3 2024, 02:45 PM

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QUOTE(guy3288 @ Apr 3 2024, 02:34 PM)
i was  misguided by the apps showing 5k, 10k, 15k !
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yeah, many ppl got trapped with the confusing UI

you can try input 50,001 and it will trigger red alert text of max limit 50,000

of course, another reference is inside faq/t&c

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