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

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ikanbilis
post Dec 14 2023, 07:50 PM

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QUOTE(PseudomonasSA @ Dec 14 2023, 07:20 PM)
A bit of warning.

GX Bank sent me an email saying that it has locked my account because of multiple transactions.

I transferred funds several times, less than 5k each time, from RIZE to GX Bank.

The LiveChat agent wasn't helpful and asked me to wait for a call from them. There is a contact number in the email but when I dialed the call didn't connect.

It would seem that their system doesn't like multiple transactions
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Transfer from Rize same amount or different amount each time?
ikanbilis
post Jan 12 2024, 06:25 PM

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Grab unlimited RM4.90 reimbursement for the second month has been credited.

Previously i paid RM27 for the 6 month plan. Seems like i would get RM29.40 at the end of of 6 month.
ikanbilis
post Jan 16 2024, 10:08 AM

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QUOTE(Barricade @ Jan 16 2024, 09:58 AM)
Wanted to transfer money from GXbank..... only to find out there's a limit of RM15k per day. Come on la GXBANK...... what is RM15k nowadays? Need to wait another day to transfer more
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Go to Change Limits to change your transfer limit.
ikanbilis
post Jan 18 2024, 11:05 AM

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Attached Image
ikanbilis
post Jan 18 2024, 11:42 AM

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QUOTE(countdracula @ Jan 18 2024, 11:35 AM)
Dont see the option there. Anyway, how to use the virtual card?
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They will give you the card number in the app and can be used for online purchases.
ikanbilis
post Jan 18 2024, 11:50 AM

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Tested top up tng ewallet rm20 using the virtual debit card. Approval in the app and working seamlessly.
ikanbilis
post Jan 18 2024, 01:11 PM

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QUOTE(leanman @ Jan 18 2024, 01:00 PM)
user posted image

Error message now
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Just try again. It managed to go through on my 2nd try.
ikanbilis
post Jan 18 2024, 03:27 PM

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QUOTE(privatequity @ Jan 18 2024, 03:09 PM)
any chance there's an account in the GX app for debit card transaction? so i can segregate and safer.
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Create a pocket and transfer your money there to avoid debit card transactions.
ikanbilis
post Jan 19 2024, 11:38 AM

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QUOTE(jack2 @ Jan 19 2024, 09:47 AM)
I dunno why. Whenever I wanna login, I need to login twice.

First login: fingerprint success and the app itself minimised and closed
Second login: fingerprint success and able to use

Anyone has the same?
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I need to put fingerprint then key in 6-digit pin only able to log-in.
ikanbilis
post Jan 19 2024, 02:00 PM

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QUOTE(ronnie @ Jan 19 2024, 01:51 PM)
Does GXBANK debit card has annual fee ?
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Zero annual fee
ikanbilis
post Jan 30 2024, 12:29 PM

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Did 5 online transactions with GX card and went through.

20 minutes later GX bank CS called to verify these transactions.

The CS number used is 03-74983131.
ikanbilis
post Jan 30 2024, 12:42 PM

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QUOTE(CyberKewl @ Jan 30 2024, 12:38 PM)
interesting - are those large amount? mine never had any calls even though I made so many online transactions since i got my virtual (and physical) card.
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RM200-RM300 for each transaction. Considered large?
ikanbilis
post Mar 22 2024, 08:31 PM

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QUOTE(songokujames @ Mar 22 2024, 08:18 PM)
the physical card is free of charge now? delivery fee?
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All free
ikanbilis
post Mar 26 2024, 10:28 AM

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QUOTE(Barricade @ Mar 26 2024, 10:12 AM)
This feature is long overdue. Imagine paying more than 15 different credit cards each month.... I have to key in the number one by one.
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Usually i will transfer one lump sum from gxbank to my own pbb then use pbb fav function to pay all my monthly commitments
ikanbilis
post Apr 5 2024, 11:10 AM

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QUOTE(batman1172 @ Apr 5 2024, 11:07 AM)
So if create pocket now of 5k will get 3% right? On 10th April will get 5% automatic. No need to uncreate pocket and re create?
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Correct
ikanbilis
post Apr 5 2024, 12:12 PM

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Done RM4173 x 8 pockets.

That’s all the cash i have now sad.gif
ikanbilis
post Apr 5 2024, 12:36 PM

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For the sake of nitpicking, the optimal amount to put in each pocket is RM4978 and remaining put in main pocket.
ikanbilis
post Apr 5 2024, 12:47 PM

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QUOTE(TOS @ Apr 5 2024, 12:42 PM)
Makes me wonder why 4978 lol mind showing your calculations?  tongue.gif
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Refer to the TnC, 5k and 4978 in each pocket will earn the same interest 0.68 per day.


ikanbilis
post Apr 5 2024, 12:51 PM

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QUOTE(victorian @ Apr 5 2024, 12:40 PM)
No diff, still can earn 3% anyway
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Got difference if you read in the tnc on how the interest is calculated
ikanbilis
post Apr 5 2024, 01:04 PM

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QUOTE(TOS @ Apr 5 2024, 12:54 PM)
Mind showing which part... I am confused... rclxub.gif

I think the full 5000 MYR per saving pocket is eligible for 5% p.a.

Interest rate convention they use is simple interest, ACT/ACT (actual/actual), same as the FD rate convention used by most Malaysia banks.
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Attached Image

Lets say u and i have 50k each. U put 5k each in 10 pockets earning rm6.80 per day.

I put 4978 in 10 pockets also earn rm6.80 per day.

But my cost is only 49780 and the remaining 220 i can put in main pocket to earn 3%. Does this makes sense?

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