I have made a calculation. The calculation is including the locked balance. The total of profit is correct for me.

Balance×((3.88/100)/365)=Profit for a day.

25: 0.02
26: 0.02
27: 0.03
28: 0.03
29: 0.03
30: 0.04
31: 0.04

Total = 0.21

And that's how much I got today.

Even you still have balance that's deducted and not listed it still use the balance that show up not the actual balance. I've made a lot of transactions few hours before. Looks like I don't have to worry with the profit if I spend last minute 🤭

This post has been edited by Arsyad1105: Jun 1 2024, 01:03 AM

ok yes, the crediting was delayed, looks like it is staggered disbursement even within same account.

anyway all my money is in and correct. i can help to confirm few things for others who might find it useful.

1) the formula for calculation is indeed 366 days and not 365 (despite written 365 in their FAQ page)
so: end of day balance * 3.88% /366 = interest

- all my pots with min balance needed to get 1 cent using 365 days no get interest
- all my pots with min balance needed to get 1 cent using 366 days got the interest

2) the magic number is 47.17 x 20 pots. then leave the rest big bulk in main account. or if you want to be safe, 47.17 in main account + 19 pockets, 1 pocket for the rest of big bulk amount
With example of 50k:
a) without doing so, you only get 5.30/day
: 50,000 * 3.88% /366 = 5.30/day

b) with doing so, you can get 5.40/day aka extra 10 cents/day or RM3.00/month + have extra 51.60 to spare
: 47.17 x 20 pockets (943.40) = 0.20/day
: 49,005 * 3.88% /366 = 5.195 = 5.20/day
: 0.20 + 5.20 = 5.40/day

:: 50,000 - 943.40 - 49,005 = 51.60 extra, do whatever else with it. basically keeping this amount wont be earning you anything.
^for example of 50k only. other numbers do your own calculation to find your own sweet spot

c) if you not planning to use aeon, can keep 47.17 x 21 (20 pocket + 1 main) = 990.57 to get 7.76% pa returns on it
- normally 3.88% supposed to get 11 cents/day, but you gonna get 21 cents/day

3) speaking of main account, the RM20 locked in will be taken into account for interest crediting. I got my 1 cent with 27.20 + 20 (locked) = 47.20

This post has been edited by Optizorb: Jun 1 2024, 01:40 AM

Thanks for this info. I didn't read every faq on the page 😅

so what the over quote %?

so roughly rm48 per pot min to get 7.76?

This post has been edited by gastacopz: Jun 1 2024, 06:48 AM

no need roughly. it is precisely 47.17

Was that only me? Unable to access AEON bank

only u

Could it be I am in overseas?

Yes. You can't access while overseas. Only Malaysian IP with real provider is allowed.

i managed to sign up and get approved when i was in japan. maybe they have changed it.

thanks. following 2b. bulk in one pot. no max for pot right to get 3.88

Wait, what ??!!

Does it apply only to AEON or other banks as well?
I could still access my conventional banks early this year.
It's madness that I can't work with banking just because I'm overseas.

Update:
Spoke to GX, was told that it is still possible.
Moreover, my logic is, if the bank allows debit card usage internationally, why wouldn't I be able to login and check my usage or even freeze card just because I am overseas.
If that's the case, there's no point in internet banking.

Anyhow, to each their own, I'm glad that at least there's no issue with GX.

This post has been edited by shawnme: Jun 1 2024, 10:45 AM

AEON allow registration in Japan

Hi, a bit not sure on point b)

47.17 x 20 pockets (943.40) = 0.10/day only? How u get 0.2

I Am not so good in finance.. thanks

Are you using Malaysia SIM at Japan that time? It still using Malaysia network if you're travelling except you're buying sim from Japan. I've tried Singapore M1 network and Sony Network in Japan and it doesn't work on both if it.

Made another oversea transaction using USD this time.

Rate 1 June

USD 1 = MYR 4.71
USD 5 = MYR 23.54

AEON Bank:
USD 5 = MYR 24.26

Rate: 3%

Still 3%. I don't know why AEON said no FX fees except from Visa but Visa just take only 1%.

If Aeon Bank doesn't allow access from outside Malaysia without Malaysia SIM (roaming), I think that is stupid, ridiculous and regressive.

When I am overseas, I still need to do transfers or check my debit card spendings.

In terms of security and safety, the app is already tied to the phone.

Other conventional banks and GX Bank I have no issue accessing from outside Malaysia with non-Msian SIM.

This post has been edited by brandonkl: Jun 1 2024, 01:07 PM

Just checked... RM4.93 deposited... LOL

They don't want you to know how much you spend overseas 😜 I don't think I will use AEON for international payment if TnG is the lowest currently after Wise.

You can use residential IP to access Malaysia internet which will cost the lowest USD 2 per GB. Another free option use your PC as node but electric bill goes brrr....