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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 Nov 27 2023, 01:25 PM

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seems like GX Card already opened for application?
xander2k8
post Nov 27 2023, 01:33 PM

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QUOTE(Sunshape @ Nov 26 2023, 10:33 PM)
I like the idea of savings pocket which you can set different goals.

The funds in main wallet is still entitling for 3% interest?

Besides GX Bank, ada apa lagi is digital?
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Rize by Al Rajhi

QUOTE(Tronoh @ Nov 27 2023, 12:37 PM)
After few weeks using it, here's my verdict. If you're looking for highest interest rate with basic current account feature and easiness to withdraw, TnG is a better option.

In terms of banking feature also, there's nothing really to brag about aside from maybe two things. First, GXSecure i.e. no SMS OTP which some banks still don't have this. Second, the Pockets feature where you can easily segregate money based on function/goals and still earn same interest rate as normal accounts.

That being said, I can see myself using it in the future especially for the Pockets feature, which previously I need to use Excel to keep track. Yes, it's not the highest interest rate but I don't have 5 digits savings so I don't think the difference is significant. But this is just one digital bank, we'll see what other 4 can offer.
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GXSecure is meant to replace SMS OTP as BNM has mandated not to use OTP for transaction πŸ€¦β€β™€οΈ and instead in place using secure app authentication which is better in terms of security as only the user can initiate the authentication πŸ€¦β€β™€οΈ
xander2k8
post Nov 27 2023, 01:36 PM

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QUOTE(cybpsych @ Nov 27 2023, 01:25 PM)
seems like GX Card already opened for application?
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Wait for the next app update πŸ€¦β€β™€οΈ but I doubt this year as it should be early next year by end Jan
Tronoh
post Nov 27 2023, 04:23 PM

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QUOTE(cybpsych @ Nov 27 2023, 01:25 PM)
seems like GX Card already opened for application?
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It's just an announcement on the perks. Don't really care about 1% Cashback but some who only use debit card might like it. No ATM MEPS fee, no international transaction markup fee, and no international ATM fee are promising. Quite similar to SC Jump, with no conditions attached. BUT then they said the fees are waivable until end of 2024. maybe it's just legalese and extend the waivers forever, who knows...

I still can't find the card section anywhere in the latest version of the app. Maybe they will roll out the same time as it opens the application to all.
brandonkl
post Nov 27 2023, 05:45 PM

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Just received the RM4.90 Grab Unlimited Cash back in my GX account. I signed up for Grab Unlimited yesterday.
imPKKer
post Nov 27 2023, 05:46 PM

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QUOTE(vez @ Nov 27 2023, 07:32 AM)
mine get approved right after I create accout, relaunch app, then can login already

p/s: I got sign up into waiting list earlier, not sure you did it?
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Mine still in processing stage. Not sure what's the problem, maybe my face looks different from my IC, need manual processing kot.

I register for the waiting list on the day they release the app lol.
ronnie
post Nov 27 2023, 05:46 PM

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QUOTE(imPKKer @ Nov 27 2023, 05:46 PM)
Mine still in processing stage. Not sure what's the problem, maybe my face looks different from my IC, need manual processing kot.

I register for the waiting list on the day they release the app lol.
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try a few times....
vez
post Nov 27 2023, 06:57 PM

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QUOTE(brandonkl @ Nov 27 2023, 05:45 PM)
Just received the RM4.90 Grab Unlimited Cash back in my GX account. I signed up for Grab Unlimited yesterday.
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you using gx account in grab app to pay 4.90?
xander2k8
post Nov 27 2023, 07:08 PM

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QUOTE(Tronoh @ Nov 27 2023, 04:23 PM)
It's just an announcement on the perks. Don't really care about 1% Cashback but some who only use debit card might like it. No ATM MEPS fee, no international transaction markup fee, and no international ATM fee are promising. Quite similar to SC Jump, with no conditions attached. BUT then they said the fees are waivable until end of 2024. maybe it's just legalese and extend the waivers forever, who knows...

I still can't find the card section anywhere in the latest version of the app. Maybe they will roll out the same time as it opens the application to all.
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Unlikely the fees are waivable beyond 2025 πŸ€¦β€β™€οΈ as they will be losing money by then

Currently even interest paid out are benchmarking at OPR levels so don’t think fees are not beyond 2025 because that is how they have to recoup their costs into profits

Even TnG with its Visa card can only last 1year and then have start charging annual fee for it
brandonkl
post Nov 27 2023, 07:36 PM

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QUOTE(vez @ Nov 27 2023, 06:57 PM)
you using gx account in grab app to pay 4.90?
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Nope, I used Grab Wallet to pay 4.90.
FGG28
post Nov 27 2023, 08:20 PM

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So must pay RM4.90 to get refund? If I purchase 6 months plan for RM27.00 (RM4.50 per month), will I get RM4.90 as refund?
cassian948
post Nov 27 2023, 11:16 PM

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Still can seem to be able to link GX saving account on grab, not seeing the option on the app - and not update available on the App Store.
poco loco
post Nov 28 2023, 05:14 AM

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just got my invite and rm20 free

if only interest giv above 4% (kenanga is 4% atm)

oh and gotten the rm8 switch


was hoping for the card have a funtion to on/off (freeze) card like bigpay...then i can use fully and stop bigpay liao


ohhhhhhhhhhh
i understand the motive of that 3% aready.....basiclly is to fight conventional bank.. and not to fight those investment account
bcause normal bank after u park a year only give little interest jer


one more think thats odd i found out is....
even grab driver/rider app haven add gxbank as a withraw payment option on its app YET

This post has been edited by poco loco: Nov 28 2023, 06:11 AM
xiaomoon
post Nov 28 2023, 08:34 AM

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QUOTE(brandonkl @ Nov 27 2023, 07:36 PM)
Nope, I used Grab Wallet to pay 4.90.
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u pay 1 month or 6 month?
cybpsych
post Nov 28 2023, 09:20 AM

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the onfido ekyc function doesnt work well with xiaomi phone/camera?

photo capture got this banding/dark mesh spotting all around. kept failing 3 times now.
eeeglow24
post Nov 28 2023, 09:24 AM

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Managed to register and approved like in 10 mins.

But there is error to change Duitnow inside the app.
Something went wrong message appears.

Then there is no GXS in my Grab app finance tab. Might need to wait a bit πŸ€” maybe …

spyrr
post Nov 28 2023, 09:32 AM

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QUOTE(cybpsych @ Nov 28 2023, 09:20 AM)
the onfido ekyc function doesnt work well with xiaomi phone/camera?

photo capture got this banding/dark mesh spotting all around. kept failing 3 times now.
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I use Poco/MIUI phone. No issue. Approved almost immediately.


QUOTE(eeeglow24 @ Nov 28 2023, 09:24 AM)
Managed to register and approved like in 10 mins.

But there is error to change Duitnow inside the app.
Something went wrong message appears.

Then there is no GXS in my Grab app finance tab. Might need to wait a bit πŸ€” maybe …
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In my case, GX Account showed up in Grab finance tab after 2 days.
cybpsych
post Nov 28 2023, 09:41 AM

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QUOTE(spyrr @ Nov 28 2023, 09:32 AM)
I use Poco/MIUI phone. No issue. Approved almost immediately.

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yeah, i changed to an older xiaomi phone. image capture correctly.

and just GX account now approved thumbup.gif


tips when changing phone: on the old phone, disable biometric login + remove/unbind device first. then only switch to new phone.

p/s: RM20 + RM8 rewards still available.

This post has been edited by cybpsych: Nov 28 2023, 10:06 AM
ikanbilis
post Nov 28 2023, 09:56 AM

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QUOTE(brandonkl @ Nov 27 2023, 05:45 PM)
Just received the RM4.90 Grab Unlimited Cash back in my GX account. I signed up for Grab Unlimited yesterday.
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Did you sign up for the 6 months subscription of RM27?

Method of payment can use GxBank? I can’t find the option to use GxBank for the subscription.

This post has been edited by ikanbilis: Nov 28 2023, 10:04 AM
brandonkl
post Nov 28 2023, 12:25 PM

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QUOTE(xiaomoon @ Nov 28 2023, 08:34 AM)
u pay 1 month or 6 month?
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Pay 1 month since they mentioned monthly cashback is RM4.90. I don't think they will let you untung the 40 cents if you sign up for 6 mths. At most, they will cashback you RM4.50 only.

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