same same here

i will not wait until last day. 1 billion out from gxbank in one day. it may be like Rize app before . jam..... like hell.

For me, after this Raya promo, I am shifting my money back to KDI save. Will only put in Gxbank if rates are 4%p.a (matching KDI save)

This post has been edited by Ramjade: Apr 22 2024, 04:30 PM

this will be their ultimate test lo....

thailand

personally I don't think 1bil would be out in 1 day.

there's some would still stay because the rates offered 3% is still higher than most places can offer.. high liquidity too... get $$$ on the spot @ transfer in/out real time... what else we want

with RM1,000,000,000.00, look like only got 200k users [if everyone put 50k]

While 5% promo end next month, will see if Aeon Bank is ready up for service next or coming months for alternatives.

20k only

The quota is base on date 23rd April end or 1 000 000 000 max savings pockets actually ?

What if someone withdraw some money after 23rd April ? Then the 1 billion quota will be available again right ?

And they announce one day early. What if suddenly all people deposit last minutes before tomorrow ? Will exceed their 1 billion quota right ?

🤔

This post has been edited by Nemozai: Apr 22 2024, 05:24 PM

KDI Save is backed by Kenanga Investment Bank Berhad, and are not under PIDM .
I think the license is also different as GXBank is directly under Bank Negara's jurisdiction where as KDI Save is under Securities Commission. There are certain "risk" but if you trust Kenanga enuf then it shouldn't be a problem.

GXBank is doing the easy way... a hard cut on 23/4/2024

I believe that over-subscribed means they've reached RM1,000,000,000 quota. So now they want to end the campaign earlier. I don't think they will reopen the quota after 23rd April bcos after all they've reached their targeted quota in regardless of if there's any withdrawal before the date. They might offer similar or better package for their next upcoming campaign though.

1 bil quota is just a soft target, doesnt mean they cannot exceed/or cannot go lower than that.

Now that they are projecting to hit 1 bil, they set a cut off date on 23rd

Quota already exceeded before...

Now already more than 1bil...

illiquid cash i'll put back to KDI save. the rest goes into Rize (previously was TnG Go+)

they monitor on how many people open acc/existing ACC. assumed all created 10 pockets. so to protect existing users [still get 5% till end promo]. new user start tomorrow - will get 3% instead. not quota end and stop distribute 5% to existing user. if they don't control, existing user will not get 5% till end of promo, more people will make noise.
at least now existing user are happy till end of promo.

This post has been edited by ericlaiys: Apr 22 2024, 06:43 PM

Previously my purchase at AliExpress got rejected as well and my money stucks for one month, after one month baru refund.

Perhaps, gx bank cannot be use for purchase at AliExpress and Taobao.

No issue can use but taobao charge 2.5% like cc
Used once and feel cheated

Whoa betul kah ini??

20000 accounts with each RM50,000 so fast maxed out already?

some more those with max RM50k will withdraw for sure even before end of promo..

i put whatever money i have into GXbank. I believe most of you also same.
put all in lah, later can take out mah.. anytime

so GXbank takkan nak say oh i withdrew my Rm50k out half way in campaign
it will let another 'new' RM50k in to mati mati must have full 1 billion ,
suka to pay 5%?

how to save money that way?
to save money, kira masuk saja,
keluar tak payah kira.
number sudah hit kah
belum hit kah
who knows.

kasi tutup on 23.4.24 is a sure way can save money
intention sudah achieved,
maybe number of new accounts required pun sudah dapat