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

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soonwai
post Apr 9 2024, 01:52 PM

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This post has been edited by soonwai: Apr 9 2024, 03:07 PM
soonwai
post Apr 9 2024, 01:55 PM

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QUOTE(Chiggah @ Apr 9 2024, 10:50 AM)
What is the next tier after Rm4941 ?
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Dunno about after but before the 10th is RM5063 to get extra 1 sen in pockets.

This post has been edited by soonwai: Apr 9 2024, 02:02 PM
soonwai
post Apr 9 2024, 02:39 PM

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This post has been edited by soonwai: Apr 9 2024, 03:08 PM
soonwai
post Apr 9 2024, 03:03 PM

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This post has been edited by soonwai: Apr 9 2024, 03:08 PM
soonwai
post Apr 9 2024, 03:34 PM

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QUOTE(Chiggah @ Apr 9 2024, 11:50 AM)
There is no limit of how much you can put in for pocket right ?
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I remember reading that there is but can't find it now. Will need to check GXBank TnC again.
soonwai
post Apr 9 2024, 04:17 PM

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QUOTE(zstan @ Apr 9 2024, 04:01 PM)
so much effort just for extra RM 83.30 laugh.gif
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PBB je, RM720 for the next 9 months (9%) + RM375 for the next 5 months (18.75%). But this is spend not save.

This post has been edited by soonwai: Apr 9 2024, 04:23 PM
soonwai
post Apr 9 2024, 04:20 PM

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QUOTE(Barricade @ Apr 9 2024, 03:44 PM)
What rate is rize giving now? Can beat versa's 4%?
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Versa don't want lah. Got risk for that 0.2%
soonwai
post Apr 9 2024, 04:25 PM

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QUOTE(BWassup @ Apr 9 2024, 04:22 PM)
Rize is 3.8%, but I prefer Rize as transfers are instantaneous. Subject to app working!
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LOL at the last sentence. I've heard. It happens that often? So far, have not xferred out of Rize yet.
soonwai
post Apr 9 2024, 04:28 PM

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QUOTE(deano_cole @ Apr 9 2024, 04:25 PM)
To avoid rm20 payment, we cannot close account within three months after opening
...
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Good timing. UOB took almost 3 months to credit the reward.
soonwai
post Apr 9 2024, 04:41 PM

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QUOTE(theevilman1909 @ Apr 9 2024, 04:32 PM)
just recently got some issues...

now okay
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This Duitnow, I kena once before. Lost in the cloud somewhere. MBB to some other bank. Money gone from MBB, other bank no receive. Took 2 weeks to investigate.
soonwai
post Apr 9 2024, 04:52 PM

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QUOTE(BWassup @ Apr 9 2024, 04:43 PM)
Personally no, cos didn't transact during the major downtimes. 

But one occasion a few weeks ago they reduced my single transaction limit from 50k to 10k, so had to do multiple transfers. No phone call to explain why they were suspicious.

But just now transferred 49.5k to GXB, first time transfer, no block, tho I half expected it to be blocked, followed by a call to confirm transaction before release. biggrin.gif
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ok lah, good also. I think GXBank took that into account by starting the 5% on the 10th instead of 1st. Imagine everyone rushing to xfer up to 50k in one day.
soonwai
post Apr 9 2024, 05:05 PM

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All this talk about 5%. Don't forget, GXBank also have Zalora 15% and GSC free popcorn.
https://www.gxbank.my/campaign-tnc
soonwai
post Apr 10 2024, 12:27 AM

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5% banner out. Optimally.
Big pockets: RM4941 (68 sen)
Miniscule pockets: RM37 (1 sen)

This post has been edited by soonwai: Apr 10 2024, 12:56 AM
soonwai
post Apr 10 2024, 12:59 AM

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QUOTE(Chiggah @ Apr 10 2024, 12:22 AM)
Got 41 cents from rm5000
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I got 42 sen from RM5063.
soonwai
post Apr 10 2024, 02:22 PM

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QUOTE(guy3288 @ Apr 10 2024, 10:10 AM)
Set upper limit rm500k per account, i think quota very fast would finished... as 20% people holding 80% of the cash and 80%  people holding only 20% of the cash
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Imagine someone with family of 5, already 40 pockets there plus parents and parents in law, another 30 pockets. That's already RM346,000.

This post has been edited by soonwai: Apr 10 2024, 02:24 PM
soonwai
post Apr 10 2024, 09:28 PM

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QUOTE(jasontoh @ Apr 10 2024, 11:51 AM)
Seems like I'm not eligible for this promo then
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No reason you wouldn’t be. Just put RM37 into one pocket and see if you get 1 sen interest tonight.
soonwai
post Apr 10 2024, 09:30 PM

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QUOTE(deano_cole @ Apr 10 2024, 07:20 PM)
Btw, which one is better UOB One Account or Stash Account?
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Same if you don’t really plan on using it. I opened Stash.

Interest wise GXBank is better.
soonwai
post Apr 11 2024, 02:34 PM

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QUOTE(genesic @ Apr 11 2024, 11:53 AM)
True. Many people just closed their eyes into these 1cent.
happen also when we buying things from retail shop. each time they round up, they charging us extra 1cent, 2cent.
still happening now even when we're using e-wallet which allows us to pay the extract cents.
flex.gif
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Retail expected lah. But Unifi bills x.x3 also round, I don’t like. Fortunately it work both ways. Just manipulate bill to x.x2. Pay less 2 sen instead of more.
https://forum.lowyat.net/index.php?showtopi...ost&p=108412547
soonwai
post Apr 11 2024, 05:00 PM

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QUOTE(000022 @ Apr 11 2024, 11:13 AM)
https://help.gxbank.my/deposits/Interest%2C...t_calculated%3F

Hmm, i tried following as well:

5% / 366 = 0.00013661202 (cut off to 11 places according to their formula rounding on the page above)
0.00013661202 * 4941 = 0.67499999082

so rounded to 0.67

Am i doing something wrong here
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Thank you boss. You're absolutely correct. Using 11 decimal places as per GXBank Interest Calc FAQ.
user posted image

New magic number is 4941.01
user posted image

*All 2 decimal points except where otherwise specified. Rounding as per GXBank's doc ie: round on 3rd decimal point. Not round up or round down, just round.

This post has been edited by soonwai: Apr 11 2024, 05:24 PM
soonwai
post Apr 11 2024, 05:16 PM

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So much fun and banyak drama for 1 sen. LOL.

Did you know if GXBank use 5 decimal places then we get 0.69. (for 4941)

This post has been edited by soonwai: Apr 11 2024, 05:26 PM

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