okay my bad. just checked on mastercard exchange it is indeed 8000 yen to rm249.70. i wonder when is the best time to do purchase then

1bil funded by account holders

later use the data & offer loans

This post has been edited by theevilman1909: Apr 22 2024, 01:34 PM

at least gxbank control and honor existing user to get 5%. Salute gxbank to informed

no one know and no need so mafan to check. trust gxbank . use cc sure need to pay 2.5%

maybe someone knows the discrepancy between xe.com and mc. also true use cc got 2-3% charges but i happened have a card that also gives me 5% cashback so it gives me a net of 2% cashback.

They still give another 1 day extra even though already achieve the 1bil target yesterday or so....

Salute to GX bank 🙏

This post has been edited by nexona88: Apr 22 2024, 02:10 PM

They need to fork out around 4m+ just to pay interest.
After promo, money also leave Gxbank.

4M is sap sap water compare to the cost of operating brick and mortar branches together with other cost such as maintaining a workforce, insurance etc etc. Even with their non-pocket rate at 3% is already higher than most banks FD rate at 2.8%.


In fact, I'm slowly transferring big chunk of my saving to GXBank.

that RM1b will be out after 10 May 2024

yes and no. but wont be 1b [all]. their objective is people open an ACC with them . 3% is higher compare to traditional bank [without do anything]

and they are lending out RM1B (our money) and getting 8% return on business loan and getting back RM80M with nothing down?

Sounds like good money to me. Simple calculation only, in actual world of course they will have drop out etc etc but somehow they will still make money but maybe not so much.

very sure about it??

seems like there's people would still keep even with the normal rates

I'm one of them. been using gxbank since day 1 [before 5%]. great saving ACC with no lock in .
+ point
+ 3% pa interest daily
+ 1% cashback
+ no foreign mark up fee when use oversea
+ rm1 waive when withdraw money from any atm

Agreed, 3% for no string attached is a good catch for those have extra money not parked in fd.

which countries you have use the card??

based on my experience, xe.com has really good rates, better than Oanda and most times better the our local money changer

would like to know this more too, did you mean withdrawal at oversea ?
at which country?

i came from rize 3.8% to gx for 1 month of 5%, if no further promotions will just return to rize for the 3.8%

combine gx and rize for the best of both worlds.

These Digital banks offering wayy better rates for our $$$ then those well establish one...

even 3% is very good enough compared with banks CASA rates all below 2%

even if Rize or GX rates lower then promo...

it's still above those banks CASA.... so would still keep