yes and yes

new issuer "issues". will take time for the rest of merchants/payment gateways/etc to update their BIN database to treat gxbank as a valid Malaysia-issued card.

you'll face this again and again with upcomng aeon digital bank and boost digital bank.

does the RM61 per pocket method work for Rize as well?

Anyone able to login to gxbank? I get please try again later when trying to sign in with fingerprint and with pin. Been trying past 3 hours can't work

working fine for me. just scanned QR and paid at the post office about an hour back.

Mine no issue. Restart your phone.

This post has been edited by Ramjade: May 10 2024, 11:11 AM

restart also same. will call the customer support. thanks

So happy with this 3%. Just move all money into GX and no need to think of others bank de FD. haha

Done. Transfer RM50000 to Hong Leong Bank Savings Account (4.5% p.a. from today till 1/7/24, by invitation only)

seem like got high call volume..wonder i'm not the only one facing the problem cannot login

I just do transferred to hlb for 4.5%....right time till end of June 2024

Is there a big amount option?

Tq

[quote=TOS,May 10 2024, 08:35 AM]
No, he means 61+122 = 183 per pocket, which is what I posted earlier. That gives you 4% p.a. effective interest for the first 183*11 = 2013 MYR that you have.


abit confuse and maybe noob in maths , how to get 4% PA?

Hi, you may refer to my post in the page earlier:

The additional 1% p.a. over the "advertised" 3% p.a. is simply due to the round off from 0.015 to 0.02, i.e., the additional 0.005 MYR is what contributes to the extra 1% p.a.

If GXBank pays you exactly 0.015 then you will get 3% p.a. You can confirm the maths:

Now, forget about round up or round down. In normal case, GX Bank pays you 3% p.a., so you put 183 MYR per saving pocket (and 1 main account), you will get daily interest of 183 *0.03/366 = 0.015 MYR. (3% p.a. interest here, nothing fancy). -> Formula: 183*0.03/366 = 0.015

But now GXBank rounds up the 0.015 to 0.02 MYR. You reverse the formula above to get the interest rate -> Formula: 183*(unknown interest rate)/366 = 0.02. Rearranging equation and solve for the unknown interest rate: Unknown interest rate = (0.02*366)/183 = 0.04 aka 4% p.a.

To further double check: GX Bank pays you additional 0.005 MYR on top of the original 0.015 MYR, which is an increment of 0.005/0.015*100% = 33 and 1/3 %

Since the amount of principal (183 MYR), compounding period (366 days a year) remains unchanged, the rise in interest rate should be exactly the same as that of the increment percentage in additional interest, i.e. 33 and 1/3 %. Let's check:

1% / 3% * 100% = 33 and 1/3 % (Hey presto!)

QED

How to get this HLB savings account 4.5% by invitation ? They invite by sms/email/phone call ? Need to have certain amounts of fresh funds? What other criteria to get invited ?

Check HLB app notification. That all. If no notification then u not entitle. Only those receive on 9 .

Went to my Astro website to pay my Astro bill with GX Debit Card and it says not supported. So had to pay with my other credit card.

Pay Astro @ Lazada (Pay bills) lo.

P/S: Astro @ Shopee is a Airpay transaction.

Mafan to go Lazada and Shoppee.

What's the logic behind not supported? It's a Master debit card and need GX secure to authorise. So, all security and safety is there. This is not even enrolling for auto debit. Just a one time bill payment.