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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 Dec 8 2023, 06:06 PM

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new android update

// New
- Drumroll, please. Say bye bye to the waitlist. Now all Malaysians age 18 and above can now open a GX Account. //
cybpsych
post Dec 10 2023, 12:07 PM

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QUOTE(westlife @ Dec 10 2023, 11:44 AM)
What is the difference between the main account and pocket in gx bank app?

Both indicated same interest rate at 3% leh?
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same earning interest

same like rize, debit card only access main account fund.

pocket fund is just a reserved account, not accessible by debit card
cybpsych
post Dec 11 2023, 09:07 AM

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QUOTE(Nicknamed666 @ Dec 11 2023, 09:05 AM)
January
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user posted image

This post has been edited by cybpsych: Dec 19 2023, 09:42 AM
cybpsych
post Dec 11 2023, 09:11 AM

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QUOTE(stephenthk @ Dec 11 2023, 08:37 AM)
Term number (j) superceded all.....powerful.
Clever GX, but thats the way it shud be
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yep

most banks, if not all, has this catch-all term to protect them and setting expectation upfront.

t&c now doesn't mean it's forever fixed. ultimate owner still with the bank, not the customers biggrin.gif
cybpsych
post Dec 13 2023, 07:10 PM

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QUOTE(ronnie @ Dec 13 2023, 03:11 PM)
That's good to know.... hope they have enough cash to burn. most LYN users love to take the benefits and leave hahahaha
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there are regulations for them to have more or sufficient capital as collateral. this is separate from their operating capital.

benefits, promos, Cashback are part of budgeted marketing fund. like many others, it will eventually run out and they need to start monetizing from you and your money.

all current surge of customers are non-organic growth. all want the rewards now biggrin.gif good numbers for PR shout. whoever has deeper pocket, can do longer.

real test is when goodies are gone, fees start imposing , etc

then measure organic growth rate, churn rate, etc
cybpsych
post Dec 13 2023, 10:14 PM

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QUOTE(privatequity @ Dec 13 2023, 08:02 PM)
when can we apply for virtual debit card?
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when it's ready and available in the app
cybpsych
post Dec 15 2023, 10:40 AM

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QUOTE(STEVE75 @ Dec 15 2023, 09:22 AM)
the debit card will send out automatically to our mailing address once opened & approved?
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you need to explicitly apply for it in order to acknowledge all their T&Cs, PDS, fees and charges, etc

i'm sure if gxbank auto-send the card to you, later you got charged with fees (whatever, whenever), you will feel cheated lah, mistreated la, claim didnt apply for it la, all the 100001 excuses sweat.gif
cybpsych
post Dec 15 2023, 02:43 PM

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direct transfer from gxbank > rize...

1) since fund > 5k, need selfie verification to increase limit. success

2) since fund > 5k, will need another selfie to authorize transfer. success.
cybpsych
post Dec 16 2023, 05:45 PM

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user posted image

This post has been edited by cybpsych: Dec 19 2023, 09:42 AM
cybpsych
post Dec 20 2023, 05:01 PM

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QUOTE(devilmaycry9 @ Dec 20 2023, 04:53 PM)
this GX bank not yet officially launch?
cannot see the list under fpx?
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offically launched lah

user posted image


dont think they will join FPX.... a FPX will be superseded by DuitNow OBW (one of the product under DuitNow platform)


still young, features will be released in piecemeals
cybpsych
post Dec 21 2023, 12:51 PM

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IMPORTANT NOTICE: Revision of the GX Rewards Experience Campaign T&Cs; Fund-In Reward of RM20 cashback ("Reward Category 1") is valid till 7 January 2024.
cybpsych
post Dec 31 2023, 08:13 AM

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QUOTE(gilabola @ Dec 31 2023, 07:20 AM)
Is GXBank strict with the 18 years age requirement to open an account?
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yes
cybpsych
post Jan 3 2024, 12:18 PM

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QUOTE(tehoice @ Jan 3 2024, 10:51 AM)
i think i fail my primary school math rounding.
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their choice of words is a bit misleading

the example is not rounding, but more of truncating/cutoff to 2 decimal value; just like how maybank2card amex 5% cb is being calculated.

user posted image


in short, gx pay less cb to us sweat.gif
cybpsych
post Jan 4 2024, 04:01 PM

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QUOTE(xiaomoon @ Jan 4 2024, 01:53 PM)
anyone already 2nd month grab unlimited credit?
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QUOTE(xiaomoon @ Jan 4 2024, 02:43 PM)
i only get first month sad.gif
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your grabunlimited renewed for 2nd month already?

This post has been edited by cybpsych: Jan 4 2024, 04:01 PM
cybpsych
post Jan 4 2024, 05:35 PM

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QUOTE(xiaomoon @ Jan 4 2024, 04:21 PM)
yes, auto renewed on dec 28 2023
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try contact them

// Crediting of Campaign Reward

The cashback will be credited to an Eligible Participant’s GX Account by the end of the next day after the date of the Eligible Participant’s GrabUnlimited monthly subscription renewal.

In exceptional cases, crediting of the cashback could take up to two (2) weeks from the date of the Eligible Participant’s GrabUnlimited monthly subscription renewal. //


This post has been edited by cybpsych: Jan 4 2024, 05:36 PM
cybpsych
post Jan 7 2024, 05:12 PM

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QUOTE(shawnme @ Jan 7 2024, 04:55 PM)
Received an email in my Spam folder requesting for relationships and source of funds. Only by luck, I saw..
Confirmed with CS that the email is legit. Even so, still felt weird.. Especially with the surge of scam warnings about GX.

Not an issue as I keep proper documentation, but lack confidence. Probably because I've never had issues from other bank accounts, while all these time only wary of ewallets.
Now it feels even more of an ewallet rather than a proper bank account... Haha.. "like a crazy ex-gf", someone once mentioned.

Anyway, withdrew most of the balance until further clarification, then I'll decide.

Anyway, just my experience ... Cheers!
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considering they are licensed digital bank, very likely part of their approval is to enforce certain strict checking or more frequent due diligence to verify source of fund, etc

normal banks already very strict due to physical KYC.

digital bank relies on digital info, even ekyc is not fullproof until they can sight you as a physical human biggrin.gif

at least you can provide docs via digital instead of physical presence hahaha

to balance this gap, constant and strict monitoring and reporting is required.

well, get used to it lor. once the remaining digital bank licensees start operating, this strict checking will eventually become a norm.

This post has been edited by cybpsych: Jan 7 2024, 05:38 PM
cybpsych
post Jan 8 2024, 09:51 PM

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GX Rewards Experience Campaign

Terms and Conditions
New (Effective Date: 8 January 2024)
GX Rewards Experience Campaign (ENG).pdf

GX Rewards Experience Campaign (FAQ).pdf

This post has been edited by cybpsych: Jan 8 2024, 09:51 PM
cybpsych
post Jan 9 2024, 09:21 AM

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QUOTE(nexona88 @ Jan 9 2024, 09:18 AM)
Huh?
So fast reduced the $$$

Now only rm8

Well at least something than nothing 😜
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new revised t&cs effective 8 Jan liao

well, fair to early birds mah
cybpsych
post Jan 15 2024, 11:54 PM

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Get Xtra8 Bonus GrabRewards Points Campaign

Campaign period: 15 January 2024 to 15 February 2024

Rewards: 8x GrabReward Points for every RM1 spent on Grab Services using linked GX Account

T&Cs https://gxbank.my/docs/terms/Get%20Xtra8%20...ign%20(ENG).pdf
FAQs https://gxbank.my/docs/terms/Get%20Xtra8%20...ign%20(FAQ).pdf
cybpsych
post Jan 16 2024, 02:47 PM

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QUOTE(leanman @ Jan 16 2024, 02:34 PM)
last encounter via atm, its max 1.5k each time and max per day is 3k
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good 'ol days during early bigpay time ...

some hlb atm can withdraw RM4k (RM100x40pcs) and a unicorn unit in KL can dispense RM5k (RM100x50pcs), one-shot brows.gif

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