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

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guy3288
post Mar 28 2024, 06:23 PM

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QUOTE(poweredbydiscuz @ Mar 28 2024, 05:41 PM)
The system doesn't need to know from which pocket. Just calculate the interest based on the total sums from all pockets and limit it to max RM50k then deposit the interest into the main account at the end of the campaign period. Don't need a genius to do that.
*
itu bukan clever business trick
only good for consumers,
so convenient and easy can earn 5% to the max.

that is not what GXbank want
publish 5% max is to attract you only..
never hope for you to earn max out of it that easily

eg A not fully aware put in 10 pockets like this

1k, 2k, 3k, 4k, 5k, 6k, 7k, 8k, 9k, 10k,

GX gave him all RM50k at full 5% rugi lah

with troublesome pockets limit GX bank need only pay him RM40k at max rate

imagine got thousands of water fish like that..
guy3288
post Apr 3 2024, 02:18 PM

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Gx bank can max RM5k x10 for 5%, each account, but daily can withdraw max RM15k only correct?
guy3288
post Apr 3 2024, 02:34 PM

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QUOTE(cybpsych @ Apr 3 2024, 02:23 PM)
5% p.a. promo is for each SAVING POCKET only, and 5% p.a. only granted up to RM5k per saving pocket.

1 GX account can create 10 saving pockets.

in theory, RM5k per saving pocket x total 10 saving pockets are eligible for 5% p.a.
The funds in your Savings Pockets can be transferred to and from your Main Account, but cannot be used for payments or fund transfers to or from other accounts.
GXbank Main Account can transfer max RM50,000 per day. you can change your transfer limit on the GXBank app.
*
i was misguided by the apps showing 5k, 10k, 15k !


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guy3288
post Apr 3 2024, 11:52 PM

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QUOTE(cybpsych @ Apr 3 2024, 02:45 PM)
yeah, many ppl got trapped with the confusing UI

you can try input 50,001 and it will trigger red alert text of max limit 50,000

of course, another reference is inside faq/t&c
*
the TnC on that max RM50k 5% interest out already?
guy3288
post Apr 4 2024, 02:46 PM

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QUOTE(soonwai @ Apr 4 2024, 01:30 AM)
Not yet.
*
GX Bank worried dont know how many RM50ks would come raining down on them......
for 1 month not much lah
GX Bank no need think so hard lah

Extra RM42 per account. 10k accounts kena RM420k saja.

This post has been edited by guy3288: Apr 4 2024, 02:50 PM
guy3288
post Apr 5 2024, 01:47 PM

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QUOTE(nexona88 @ Apr 5 2024, 12:07 PM)
Done 5k x 10 pockets 🔥💰🤑

Better act fast...

That 1bil is not so big amounts... Easily can hit one...
*
cannot be finished la before 10.4.24

imagine someone come put RM5000 starting on Day 1 campaign and GXBank
unable to pay him that so publicised 5%..

Start on Day 1 , 10.4.2024, first person on first DAY also cannot get 5%?
how to explain man......





QUOTE(ikanbilis @ Apr 5 2024, 01:04 PM)
[attachmentid=11494435]

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?
*
wait bro,
your calculation defeats its purpose
to earn as much as possible from GXbank.


you put RM4978 you get 5% on that RM4978 only.

so you only dapat 5% for RM49780

Others dapat FULL 5% on max RM50000

Why want to move that RM220 out to earn only 3%

when you can make that RM220 also earn 5% to the max?



put that extra RM220 in 10 pockets you got nothing to lose
hopefully can earn abit more..

worse come to worst still can earn same 3%
that you had planned so hard in main account


This post has been edited by guy3288: Apr 5 2024, 01:58 PM
guy3288
post Apr 5 2024, 02:26 PM

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QUOTE(Medufsaid @ Apr 5 2024, 02:16 PM)
guy3288 his calculations is assuming you don't have RM50k

if you only have RM35k, doesn't make sense to put into 7 pockets. better to put RM4978 into each pocket. so 8 pockets together
*
i see
got it

PS:
how about just deposit RM4950 in each pocket.

would that also earn same daily interest RM0.68?



This post has been edited by guy3288: Apr 5 2024, 02:31 PM
guy3288
post Apr 5 2024, 02:35 PM

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QUOTE(ikanbilis @ Apr 5 2024, 02:30 PM)
Huh? Thought i explained quite earlier… hmm.gif

Assuming we have 50k each, you put 5k each into 10 pockets.

Your interest is not 0.683 per pocket. Gx will round down yr interest to 0.68 per day. Therefore 0.68 x 10 pockets x 30 days = rm204 (this part do you agree?)

I put 4978 for 10 pockets. My interest also 0.68 x 10 pockets x 30 days = rm204

I still have extra 220 if put main account will earn 3%.
*
yeah i get the point now. now i see the trick of GXbanlk breaking into 10 pockets !

how about deposit only RM4950, would daily interest same also RM0.68?

guy3288
post Apr 5 2024, 02:43 PM

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if yes, then we go play GXbank back side

we just put RM4950 in each pocket

total cost RM49500,

earn 5% for RM50000 capital!
guy3288
post Apr 5 2024, 06:03 PM

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QUOTE(ikanbilis @ Apr 5 2024, 02:51 PM)
I think you might nail it!
I think it will round up to 0.68 also based on TnC.
*
QUOTE(ronnie @ Apr 5 2024, 02:54 PM)
RM0.027 rounds up to 3 sen that's for sure
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QUOTE(!@#$%^ @ Apr 5 2024, 03:13 PM)
so put in 4941 in each pocket for maximum?
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QUOTE(Optizorb @ Apr 5 2024, 03:52 PM)
if that's the case, then 4941 is the exact precise number needed for each pocket then
4941 x 3% /366 = 0.405 = 0.41
4941 x 2% /366 = 0.27
total = 0.68
*
so every one agreed better dont put max RM5000 in 1 pocket??

got RM50k capital , better just deposit RM4941 in each pocket
another RM590 put in main account
?


But did you guys see what Ronnie has shown in his table there?

It says No, you guys are wrong

He showed do your RM4941 methods, at the end you get only RM50204.35


and simply dump all RM5000 in each pocket,
you get more at the end = RM50205.20



Any one wanna challenge Ronnie's misguiding calculation?
guy3288
post Apr 5 2024, 06:36 PM

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QUOTE(virtualgay @ Apr 5 2024, 06:23 PM)
I will just put in 4950 and dont care about a little decimal point and I won't rugi too much
If I put 5k each then I rugi more
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QUOTE(Optizorb @ Apr 5 2024, 06:24 PM)
wow.. your own table like trash still got the gal to talk about spoonfeeding...?
topkek.

actually i dont even need to calculate anything. It's just pure logic. No idea why you fail to see this.

If 4941 and 5000 getting same returns per day of 0.68. then with additional 59 x 10 = 590 of ADDITIONAL unused capital, it will 100% mean i will have additional returns if i put it somewhere, anywhere.

But nvm, let me disprove you since you think you some smart alec with tables and all

i only checked for 10th ~ 16th,  not bothered with the rest cause i know your data is pure trash.

with base of  4941:
by 16th should have 4945.08
» Click to show Spoiler - click again to hide... «

meanwhile, your trash table comes out to 4945.05
» Click to show Spoiler - click again to hide... «

Here already 3 cents short.

with base of 5000:
by 16th should have 5004.08
» Click to show Spoiler - click again to hide... «

meanwhile, your trash table comes out to 5004.10
» Click to show Spoiler - click again to hide... «

Here 2 cents extra.

So total difference (WRONGLY in favour of 5000 base) already extra 5 cents just for 6 days. The other 24 days??

Also come on man, 590 x 3% /366 = 0.05/day x 30 = 1.50 liao total return would be 591.50
dont know where you pluck 591.45 from. you too hungry until eat the 5 cents is it?
All the way to the end, your base 5000 calculations keep adding cents, while base 4941 calculations short of cents.

user posted image
*
Ronnie has mislead so many in here

his table is calculating lesser and lesser interest for the pocket RM4941

right from start deducted 1 sen, then 2 sen , 3 sen, 4 sen till 11 sen at the end.
How lah not kalah to that RM5000 pocket?

Then he gave more interest to the RM5000 pocket
1st 3 days gave extra 3 sen,, then keep going up and up till the end
sure lah can win at the end.

Apa macam Ronnie?

Sure from Excel or not?

guy3288
post Apr 5 2024, 08:19 PM

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QUOTE(CyberKewl @ Apr 5 2024, 07:38 PM)
funny thought: u guys argue so much - could have save time by not arguing (just let is be the amount max out RM 5K X 10) and even u lose out a bit doesnt matter cos if u can do this - Can i buy back time with RM X? Would you? And its a small amount anyway..i not gonna crack my head or bother to read too detail the magic number etc, but interesting to see all the fun and complex calculations here LOL.
*
bro whether people argue or not, time moves on the same..
you dont do this here, you would do other things elsewhere..
same.

you think they wasting time here
they can think you wasting there , same also.

fact is a bit of thinking and mental exercise good for your brain





guy3288
post Apr 6 2024, 01:07 AM

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QUOTE(Optizorb @ Apr 6 2024, 12:10 AM)

Here's another food for thought. with 1B capping for this campaign.
and assume 20k people fully deposited 50k. so each person entitled to RM204 at the end.

20k x 204 = 4.08 million that GX would be spending for this campaign. That's one hell of a spending for just 1 month of exposure..

That's why i dont think will reach the cap la, 20k people x 50k each person is a lot. 1 billion is a freaking biiiiiiig number yo.
I'm willing to bet they may not even be able to get 20k people depositing in the first place, let alone each one fully maxing out at 50k.
Or rather, they may get more than 20k people depositing but definitely still wont hit the cap.
*
bro you forgot GXBank would use our money to make money.

my estimate for 20k accounts would probably cost GXbank some RM840k

Not so much until RM4.08 milllion lah


QUOTE(guy3288 @ Apr 4 2024, 02:46 PM)
GX Bank worried dont know how many RM50ks would come raining down on them......
for 1 month not much lah
GX Bank no need think so hard lah

Extra RM42 per account. 10k accounts kena RM420k saja.
*
guy3288
post Apr 7 2024, 05:12 PM

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QUOTE(Ramjade @ Apr 7 2024, 04:58 PM)
When is 5% promo starting?
Also max efficiency for amount is 4941?
*
start 10.4.24

get additional RM1.50 if deposit RM50k

if deposit RM5k, get additional 15 sen.

from a round up gain of 1/2 sen a day

RM0.005 x 30 =RM0.15

This post has been edited by guy3288: Apr 7 2024, 05:18 PM
guy3288
post Apr 7 2024, 05:20 PM

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QUOTE(Ramjade @ Apr 7 2024, 05:15 PM)
Don't understand.
For 10 packet, max amount per packet is 4941?
*
yes, put RM5k also same
guy3288
post Apr 7 2024, 05:37 PM

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the trick is to
gain from round up
not to lose being round down

put RM5000 you lose being round down
RM5000 x5%/366 = RM0.6830
you get only RM0.68 so you rugi a bit

Put RM4941 you gain a bit
RM4941 x 5%/366 = RM0-675
GXbank pay you abit more RM0.68

so it is not just that magic RM4941
it can be any other amount also

so if you have RM1000, you gain

if RM1200 you lose
guy3288
post Apr 7 2024, 05:48 PM

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QUOTE(cybpsych @ Apr 7 2024, 05:41 PM)
the moment you hit day2, 4941 magic would break... unless you keep pushing the daily interests out to main account, for all 10 pocket, every single day. lol
*
you are right there
but those guys would tell you dont forget the gain from RM590 'saved'


guy3288
post Apr 10 2024, 10:10 AM

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QUOTE(tzxsean @ Apr 10 2024, 08:59 AM)
maybe we overestimated number of ppl with 50k on hand  tongue.gif
*
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
guy3288
post Apr 10 2024, 02:28 PM

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QUOTE(theevilman1909 @ Apr 10 2024, 01:05 PM)
that's why only limit 50k only  tongue.gif

many "unreported" HNWI around  brows.gif
*
yeah if no limit big kaki come sapu all finished

Rize is good no limit..how much you want also can


guy3288
post Apr 11 2024, 01:46 AM

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QUOTE(Ramjade @ Apr 11 2024, 12:17 AM)
I am getting only RM0.67 for my  RM4941
*
eh how come? not round up but round down?

I see my total increased RM6.81 per day

5% of total today RM49486.96 = RM6.76 a day.

extra 5sen daily has to come from round up.


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