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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 Mar 22 2024, 06:38 PM


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QUOTE(hafizredha @ Mar 22 2024, 01:24 PM)
Same. Check this morning suddenly got it
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Mine too around 12pm. IOS.
soonwai
post Mar 23 2024, 09:57 AM


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QUOTE(Rinth @ Mar 23 2024, 09:51 AM)
On 21st I pay tnb bill via mytnb apps using gx debit cards. Untill today didn’t see the 1% rebates. Is it not eligible?
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I paid via mytnb website twice and received the 1% the days after they finished "Processing."
Paid -> Cashback
25/2 -> 28/3
17/3 -> 20/3

Merchant was MYTNB SSP-EC

This post has been edited by soonwai: Mar 23 2024, 09:59 AM
soonwai
post Mar 26 2024, 08:54 AM


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QUOTE(Super2047 @ Mar 26 2024, 07:42 AM)
Any idea how to add favourites transfer accounts in GX App?
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Cannot. New feature to be added in the near future.
soonwai
post Mar 26 2024, 11:54 AM


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QUOTE(Barricade @ Mar 26 2024, 10:12 AM)
This feature is long overdue. Imagine paying more than 15 different credit cards each month.... I have to key in the number one by one.
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Ya, inconvenient. I copypasta from computer to phone every time so it's not so painful. I'm sure they'll add that feature soon.

Next feature I'd like is Apple Pay.

This post has been edited by soonwai: Mar 26 2024, 01:16 PM
soonwai
post Mar 26 2024, 02:26 PM


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QUOTE(ye0073 @ Mar 21 2024, 12:04 PM)
Can put more money into Savings Pockets. Hope got 5%.
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You got your wish. But 1 month only.

"Exclusive 5% p.a. daily interest with Saving Pockets. Enjoy bonus Hari Raya interest on all your Saving Pockets from 10 April - 9 May 2024."
https://www.gxbank.my

Rize 4% finish, can move all to GXB.

This post has been edited by soonwai: Mar 26 2024, 02:43 PM
soonwai
post Mar 26 2024, 03:05 PM


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QUOTE(victorian @ Mar 26 2024, 02:51 PM)
where is the tnc
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I checked usual place. Not out yet.

This post has been edited by soonwai: Mar 26 2024, 03:06 PM
soonwai
post Mar 26 2024, 03:45 PM


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QUOTE(avril lavigne @ Mar 26 2024, 03:35 PM)
what about the 3% p.a. already?
get 3% from total balance and 5% from saving pockets?  tongue.gif
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Wah, where got so generous.

get 3% from main balance OR 5% from saving pockets.
soonwai
post Mar 26 2024, 10:58 PM


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QUOTE(ronnie @ Mar 26 2024, 09:49 PM)
where's the T&C ?
Where is the promo posted ?
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Look for the TnC here: https://www.gxbank.my/campaign-tnc (not available yet)
Promo on gxbank.my.
soonwai
post Mar 27 2024, 01:36 PM


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QUOTE(CyberKewl @ Mar 27 2024, 12:48 PM)
sorry i meant the part where he said gxbank gives 10 days to move funds from rize to gxbank..i suppose its not coming from gxbank but just a case where you have 10 days to just move to get that 5% and its not targeted at rize I suppose. It could be said the same with "gxbank gives 10 days to move from Maybank to gxbank to enjoy 5%..."
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LOL, yes, you're correct also.
soonwai
post Apr 2 2024, 04:47 PM


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QUOTE(contestchris @ Apr 1 2024, 11:46 PM)
Isn't Rize just 3.8% now?
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Yeah, for the next 3 months. Over 3 months, Rize 3.8%pa still a little bit better than GX 5%pa for 1 mth and 3%pa for 2 months.

This post has been edited by soonwai: Apr 2 2024, 05:08 PM
soonwai
post Apr 4 2024, 01:30 AM


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QUOTE(guy3288 @ Apr 3 2024, 11:52 PM)
the TnC on that max RM50k 5% interest out already?
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Not yet.
soonwai
post Apr 4 2024, 04:35 PM


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QUOTE(batman1172 @ Apr 4 2024, 04:27 PM)
I can’t understand pocket and main account.? They both pay 3% and pocket isn’t a FD.
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Aside from any promotional rates, the main difference, functionality wise, is that the debit card is funded only from the main balance.
soonwai
post Apr 5 2024, 01:13 PM


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Just did 1 pocket. Easy and fast to move to main when need to use GXCard.

Don't think I'm going to move any money out of Rize. Rize 3.8% over 3 months still better 5+3+3 correct?
soonwai
post Apr 5 2024, 01:46 PM


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QUOTE(Davidtcf @ Apr 5 2024, 09:09 AM)
how is GXbank so far? basic uses I mean like transferring to other people/banks, paying bills/utilities, withdrawing money (i think dont have ATM kan).

What other uses can it do other than store money and earn interests? Understand that it is protected under PIDM which is a ++
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The app is great. Fast and simple. Simple because GXBank has few features for now.

Duitnow transfers all work as expected. No stuck funds yet. Sorely needed are favs. Currently has recent xfers but the recents only shows name. 5 last xfers to 5 different banks of same name all look the same.

GXBank still seems to be missing from FPX. Last checked last week with TNB web.

ATM supposedly can use any MEPS ATM. I haven't tried yet. Fees waived for now.

Offline PIN or Wave all ok for me. I think some ppl have encountered problems with terminal not recognizing the GXCard. No Google, Samsung or Apple Pay.

Haven't used online yet but should be the same as any debit card.


soonwai
post Apr 5 2024, 02:48 PM


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QUOTE(guy3288 @ Apr 5 2024, 02:35 PM)
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?
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I think will round down to RM0.67.

I put RM5002 now (RM0.41) then on the 10th reduce to RM4978 (RM0.68)

This post has been edited by soonwai: Apr 5 2024, 02:51 PM
soonwai
post Apr 5 2024, 02:52 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!
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Sure or not? Will round up? Or round down?

Test RM1100 and RM1090 pockets.

This post has been edited by soonwai: Apr 5 2024, 02:58 PM
soonwai
post Apr 5 2024, 03:08 PM


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QUOTE(ronnie @ Apr 5 2024, 02:57 PM)
Interesting why they want to count this way for the bonus portion
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If round (not round up nor round down) everywhere then RM4941 is enough. Please verify. inb4, not Excel.
user posted image

QUOTE(ronnie @ Apr 5 2024, 03:03 PM)
would the payout be in one line item or 2 line items ?

1. Base Interest 3%
2. Bonus Interest 2%
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I believe 2.

This post has been edited by soonwai: Apr 5 2024, 03:14 PM
soonwai
post Apr 5 2024, 03:51 PM


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QUOTE(!@#$%^ @ Apr 5 2024, 03:13 PM)
so put in 4941 in each pocket for maximum?
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I think so. Waiting for peer review.
soonwai
post Apr 5 2024, 05:22 PM


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QUOTE(alex_cyw1985 @ Apr 5 2024, 04:24 PM)
https://help.gxbank.my/deposits/Interest%2C...t_calculated%3F

Interest is calculated based on the following formula:

Interest Amount = End of day Balance x (Interest Rate / Total Days of the Year)
“End of day Balance” refers to the balance in your respective Main Account and Savings Pocket(s) at 23:59:59.

The second decimal point will be rounded up to the nearest number if the third decimal point is 5 or above. Otherwise, it will be rounded down. Examples are as follows:

0.02499 is rounded to 0.02
0.02501 is rounded to 0.03
0.99999 is rounded to 1.00
0.99199 is rounded to 0.99
"Total Days of the Year" refers to either 365 for non-leap years or 366 for leap years, depending on the specific year for which the “End of day Balance” is being calculated.
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Thanks, that's why rtfm is always the best.

QUOTE(soonwai @ Apr 5 2024, 03:08 PM)
If round (not round up nor round down) everywhere then RM4941 is enough. Please verify. inb4, not Excel.
user posted image
...
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RM4941 it is then.

This post has been edited by soonwai: Apr 5 2024, 05:23 PM
soonwai
post Apr 5 2024, 10:01 PM


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QUOTE(damien5119 @ Apr 5 2024, 08:23 PM)
wow some mad science going on here. just stay on rize la.
50K at 3.8% vs 50K at 5%, is only like RM50 difference. really worth the hassle?
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Here 1 sen also matter... nod.gif

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