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Banking MY Al-Rajhi - Digital Banking (fka Rize), Profit Rates up to 3.60%. Paid monthly

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TOS2
post Jan 1 2025, 01:43 PM

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QUOTE(leanman @ Jan 1 2025, 01:37 PM)
This morning I made a transfer from my Rize account and then I sent the proof of receipt to a friend. Now I checked back, the transaction is not reflected in my account and I cannot remember whether the money deducted or not?😅
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Yea, they haven't updated th4e ledger yet it seems, but money can go in and out as usual. Have to manually record down the transactions...
TOS2
post Feb 1 2025, 08:32 AM

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Rize interests for Jan 2025 credited this morning.
TOS2
post Feb 3 2025, 09:16 AM

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https://www.alrajhibank.com.my/rize/support

user posted image
TOS2
post Feb 3 2025, 09:32 AM

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QUOTE(BWassup @ Feb 3 2025, 09:27 AM)
Banks normally schedule on off-peak hours e.g. late at night, or early morning, no?
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Correct. This one might be interest rate reduction... tongue.gif No more 3.3%... (Just saying)
TOS2
post Feb 3 2025, 11:00 AM

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BoostBank to Rize has problems. Money out of BoostBank but not received on Rize's side.

GX Bank to Rize ok, Rize to GX Bank ok.

TOS2
post Mar 25 2025, 04:17 PM

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I strongly suspect they copy this promo from GX Bank.
TOS2
post May 15 2025, 09:33 AM

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Anyone has problem login into Rize on Android?
TOS2
post May 15 2025, 01:03 PM

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Looks like I am the unlucky one today. All hell broke loose... Have to contact CS.. then write email... haiz...
TOS2
post May 16 2025, 08:46 AM

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Rize problem fixed, at 8 am this morning... less than 24 hours... now just need to wait for 12 hour cooling period. 9 pm tonight money unfrozen.

The rest password function should work on Android again, remember to use the latest version 2.2.0, update available on Play Store yesterday.

Once again, Rize customer service is eons ahead of other banks... biggrin.gif
TOS2
post Jun 6 2025, 11:30 AM

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I transferred out all my Rize money to KAF Digital Bank today, only left RM 10 minimum balance behind.

Don't quite trust their IT upgrade or app migration... Later system got issue and money stuck for days or weeks... like December 2023 lol

This post has been edited by TOS2: Jun 6 2025, 03:02 PM
TOS2
post Jun 6 2025, 10:36 PM

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QUOTE(Jened @ Jun 6 2025, 09:43 PM)
KAF? First time heard of it.
What is the rate?
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Here you go: https://forum.lowyat.net/topic/5504481

Tiered rate: 5% p.a. for first 2000, anything above 3% p.a.
TOS2
post Jun 26 2025, 03:29 PM

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No issue on my side, Android 15, vivo Y17s. Performance ok, transfer out also ok.
TOS2
post Jun 26 2025, 06:56 PM

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QUOTE(Haloperidol @ Jun 26 2025, 05:57 PM)
QUOTE(SydneyKL @ Jun 26 2025, 06:38 PM)
user posted image
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They probably get wind of RytBank launching soon? The promo looks very aggressive, though the rewards come with minimum spend, and that raises the bar a bit.

3 month 3.75% FD is a very attractive option...

Has anyone tried the Visa debit card? For foreign spending how's the exchange rate? They give 1% cashback this time after FX conversion.

This post has been edited by TOS2: Jun 26 2025, 07:00 PM
TOS2
post Jul 1 2025, 12:24 PM

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Saving pot still pays 3.08% p.a., so one alternative is just to move money to saving pots and keep main account at the minimum 10 MYR required (spending balance = 0).
TOS2
post Jul 1 2025, 02:36 PM

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QUOTE(Optizorb @ Jul 1 2025, 02:30 PM)
Not disagreeing about boost being shitty.

But if talking solely about "profit", comparing between boost and rize..

boost 3% daily better than rize 3.08% cause:

1) it is daily credited profit
2) you can play round up
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Yea, extra money above the round up portion (60.84*number of pockets eligible) can deposit at Rize saving pocket.
TOS2
post Nov 3 2025, 08:56 PM

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Anyone got problems logging to Al-Rajhi... I think they updated their app interface again... locking my account out...

(Android phone)

This post has been edited by TOS2: Nov 3 2025, 08:56 PM

 

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