Withdraw from all 10 pockets? Daily doing this?

tie your nric as duitnow id for gxbank?

not credit to bank

you do know there's another refund channel option, right?

make no diff. just withdraw and deposit into gxbank

firstly 3% / 366 = has unlimited amount of decimals.
if you allow your calculator to go up to 1000 decimals, it will show you 1000 decimals.


most programming languages have pre-defined amount of decimals to take. precision 15 in this case.
and to take up to 15 decimal points only, means the rest got truncated and rounded up/down.

the first 16 decimals of 3%/366 = 0.0000819672131147
to make it 15 decimals, the 16th decimal gets rounded (up in this case)

15 decimals = 0.000081967213115
11 decimals = 0.00008196721

in deciding to use 11 or 15 decimals for the calculation, will yield different results, and in our case, it has consequences that affects the final outcome for us.

if we take 15 decimals:
0.000081967213115 * 61 = 0.005000000000014999

we can leave behind the rest of the decimals as only the first 3 decimals are important in deciding whether GX pays out that interest.
and in this case, by using 15 decimals, the end output would be 0.005
When you round it according to GX's conditions. You get 0.01 and thus eligible for the minimum payout of at least 1 cent.

if we follow GX documentation, they take 11 decimals in their calculation examples:
0.00008196721 * 61 = 0.00499999981
leave behind the rest of decimals as we only look at first 3 decimals when determining the payout.
and in this case, by using 11 decimals, the end output would be 0.004
Again, round it according to GX's conditions. You get 0.00 and thus the minimum threshold is not achieved and hence no payout.

for your reference 8 decimals gets you: 0.00008197 * 61 = 0.00500017, 0.005 and this would be eligible for the payout after rounding

and finally, all this ties up to the kerfuffle the other day regarding the payout which GX gave.
The way they pay it out implies heavily that their math is funny.

Firstly take a look at this for 4941.00 deposit:


If you follow the 11 decimals which GX used in their documentation, there is no way 3%/366 * 4941 will get you 0.41.
11 decimals gets you: 0.40499998461 = 0.40 payout


So how did it show up as 0.41?
Because 15 decimals was used (just like in their main 3% calculation which enables RM61 to get 1 cent payout. and since this 3% is directly paid out like normal, so it makes sense here 15 decimals was used too)
15 decimals gets you: 0.405000000001215 = 0.41 payout


Now the tricky part comes in with their 2% bonus. and because their bonus is calculated as such 5% - 3% = 2%
If the decimals were consistent throughout when calculating the 5% portion and the 3% portion, the 2% portion will always get you 0.27 for 4941.00
It doesn't matter you used 11 or 15 decimals. So long as you stick with the same amount of decimals each time!


So how then did it show up as 0.26?
The answer: quite simply, GX cocked it up by not being consistent in decimal usage for their calculations.
We already know from above that their 3% main portion was calculated using 15 decimals, despite their documentation examples showing them calculate using 11 decimals only.
Since this raya bonus is a new thing, what if then the 5% portion was calculated using 11 decimals just like in their documentation, while the 3% portion remains with the 15 decimals as it has always been the case?
You get:

Mystery solved.

Now if GX hadn't cocked it up like this and they used the same 15 decimals to calculate the 5% portion just like they do with the 3% portion, then 4941.00 will absolutely be able to get you 0.68 payout.
Because of this cock up, you need 4941.01 in order to get 0.68 payout.

The 5% interest promo only applicable in pockets? Haiyaaa...
What's the differences btw money in account and pockets?

The campaign is oversubscribed now, better hurry up

this is for new pocket creation right

what about say if got existing pocket, but only deposited 3k out of the 5k previously.
then after 23rd, deposit in 2k..

wonder how they going to track it, which portion eligible for 5% and which only get 3%

or is it solely to the pocket creation only..   

means if you have existing pocket before 23rd, if not yet fully maxed out the 5k then later on deposit extra still able to enjoy 5%

Losing??

More like they finally Cukur able to meet the criteria set by BNM for capital adequacy ..

Ticked box

dude your card is not 100% activated. once your physical card has activated, you will have an option to turn on oversea transaction

GXbank withdrawal  perday max only RM5000?

if after 9.5.24 , interest drop down to 3% rate those with RM50,000 will be caught.

every day can WD RM5k need 10days only can come
out all.

so GX bank untung , your balance RM45k stuck 9 days

thanks , suddenly i remembered
i had asked in here before

good thing can transfer RM50k out 1 shot.

Why will GX bank Untung?

Rize can WD RM 50k  also
People went in for promotion rate 5%
If 3% they dont want

Can fulfill their "banking requirements" easily with that "free," 1bil $$$ deposited....  BNM requirements something...

Don't need use own money but uses others people money 😁

Sure there's others new inflow of funds...

It's digital banks...

Always got transactions in & out...