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

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nexona88
post Apr 21 2024, 09:17 AM

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QUOTE(SKL @ Apr 21 2024, 02:07 AM)
I have registered but not succesful. They said unable to offer Rize account at the moment.
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Called the Rize CS...

Something is wrong...

No such thing as unable to offer account
nexona88
post Apr 21 2024, 09:40 AM

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QUOTE(Ramjade @ Apr 21 2024, 09:32 AM)
I heard la. Something 5k/transaction? I don't have account. So cannot test it out.
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Oohh that 5k thingy huh...

Before this..
Any transactions above 5k got fee... But now they waived it..

Can transfer out 50k also no issues...

The CS would call you & confirm if indeed you doing transfer.... Security features in place...

So any scammer or hacker don't get your money easily 😁
nexona88
post Apr 21 2024, 11:19 AM

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QUOTE(cklimm @ Apr 21 2024, 09:44 AM)
Someone spams about UOB in Rize thread  tongue.gif
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Still not as level in EPF topic...

Some gotten SUS'ed because of off topic spamming πŸ˜•

Anyway...

The Rize promo got chances to be extended or not 😁
nexona88
post Apr 21 2024, 11:30 AM

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QUOTE(ronnie @ Apr 21 2024, 11:27 AM)
Let’s hope US Federal increase rate maybe BNM have the balls to increase too.
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From what I heard...

BNM would instead maintain the current rates....

Not to disturb the current situation & make it worse especially those in debts with banks & financial institution 😁

Best we can hope for, is Rize to maintain the current rates & not reduce it later....
nexona88
post Apr 21 2024, 06:10 PM

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QUOTE(Jason @ Apr 21 2024, 04:04 PM)
Didn’t even know they waived it. Thanks.

Up until Raya I was still transferring 4999.99 x 10. My protest over being charged to move my money.

I guess I’m not the only one. And end up that just creates more unnecessary load on their service. I’ve been using Rize since its early days. I can only say it does not inspire confidence and reliability. There were mission critical times when I couldn’t access my money and their CS response was to ignore my calls because they do not have a solution.

My personal experience and view is that they behave unlike any other bank in Malaysia, once promo over and no reason to stay, I won’t use them at all.

So think twice if you plan to put all your money in there as your sole bank account. I keep some at GX and it has proven far more reliable and predictable.
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Done few times transaction over 5k.
No fee imposed πŸ™
Not sure it's temporary period or what.. don't see any official statement / announcement...

Rize actually depends on luck...
So far now looks okay... But I'm not really active...

More in GX bank nowadays πŸ‘Œ

Thanks to the 5% promo rate offered...
nexona88
post Apr 22 2024, 09:04 AM

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QUOTE(virtualgay @ Apr 21 2024, 11:58 PM)
Hi beautiful people - checking in
Let us hope rize continue with 3.8% and don't drop to 3.5% will do else I rather go versa
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With GX giving 5% promo

Probably would maintain the current rate too 😁
nexona88
post Apr 22 2024, 10:22 AM

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QUOTE(virtualgay @ Apr 22 2024, 10:18 AM)
GX until May saja
Rize until June
headache!
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GX extended...

Rize also follow

All in the hand of GX now.... See how they move 😁
nexona88
post Apr 22 2024, 02:07 PM

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QUOTE(ronnie @ Apr 22 2024, 01:55 PM)
sign0006.gif GXBank 5% no more for Savings Pocket after 23/4/2024
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Meaning Rize probably also might not extended the promo...

Also there's complain new opening of account stopped for Rize...

So they might have enough $$$ for now...

This post has been edited by nexona88: Apr 22 2024, 02:08 PM
nexona88
post May 4 2024, 08:17 PM

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QUOTE(Syracuse @ May 4 2024, 11:44 AM)
Anyone having issues logging into Rize app today?
I keep getting "Unknown error, please try again" error message when I attempt to log in to check my balance.

The mobile app-only exclusivity also means I have no other way to check my account balance at the moment. It's frustrating being unable to access my own money.
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It's norm for Rize...

Time to time got issues faced....

One word of advice... Don't depends on Rize 100%...
Have back ups like in GX Bank πŸ’ͺ
nexona88
post May 5 2024, 08:03 AM

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QUOTE(cybpsych @ May 5 2024, 06:20 AM)
on another note, you may want to change phone soon  sweat.gif

user posted image
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One Rize increase the minimum OS...

Others also would follow it...

So by end of 2024... Everyone have same standard πŸ’ͺ
nexona88
post May 5 2024, 10:33 AM

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QUOTE(Syracuse @ May 5 2024, 08:19 AM)
I don't think Android OS version is the problem, I'm encountering this problem on Android 14.
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QUOTE(guy3288 @ May 5 2024, 10:08 AM)
i think so... technical problem at Rize for some account
jangan sekali buka nanti duit hilang....

user posted image
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Seriously...
Really cannot park your $$$ 100% on Rize...
Need some backups around for easy access
nexona88
post May 5 2024, 01:03 PM

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QUOTE(BWassup @ May 5 2024, 10:55 AM)
Most of my spare funds was in Rize, but with GXB 5% promo, moved 50k there. Thankfully!

After 10 May, will not transfer GXB funds back to Rize, but will send it to KDI.
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Good to diversified πŸ’ͺ

Seriously cannot really trust Rize 100%

Suddenly got problem... All money stucked
nexona88
post May 5 2024, 01:15 PM

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QUOTE(ikanbilis @ May 5 2024, 01:10 PM)
Thats why i decided to move out my fund even at 4%. Not worth the hassle.
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For me, still got some in Rize...
Just part only...

Have some in GX too as back up πŸ’ͺ
nexona88
post May 5 2024, 01:39 PM

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QUOTE(batman1172 @ May 5 2024, 01:20 PM)
Got PIDM
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What I mean when needed to access the money...

Sudden system error.... Cannot transfer...

If 100% on Rize.... GG lorh....

Can keep. But not everything....
nexona88
post May 10 2024, 10:32 PM

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QUOTE(Xflkekw @ May 10 2024, 05:19 PM)
Just curious for people here. Why Rize and not KDI? 3.8% vs 4%
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You know right that 4% is actually not 4% whistling.gif
Typical marketing strategy...

Not to say it's not good... But we got our reason why not significant $$$ into KDI....

Another thing is Instant $$$ upon withdrawal.... If there's no issues to Rize system

And the well known Protection on the name of PIDM (actually not really main reason to celebrate, but just sake of giving some comfort to ourselves knowing the $$$ is protected)....
nexona88
post May 23 2024, 03:50 PM

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QUOTE(Optizorb @ May 23 2024, 02:37 PM)
Also looks like rize is going to lose out to aeon as well now.

Offering 3.88% but haven't gone through their full tnc
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until end of Aug 2024 only tongue.gif
nexona88
post May 23 2024, 10:35 PM

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QUOTE(sasuketaichou @ May 23 2024, 04:13 PM)
weirdly enough my rize account just validate today after i post my question earlier

either rize customer support lurking in here or it knows im trying to register for aeon bank XD
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More like someone from Rize is lurking around πŸ™

Rize got no "connection" with aeon bank
nexona88
post May 28 2024, 10:26 AM

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QUOTE(jack2 @ May 28 2024, 09:36 AM)
Is Rize a digital bank or conventional bank?

I don't think they are a digital bank.
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Digital products of Parent Al Rajhi bank πŸ˜‹

They don't have Digital Bank license issued by BNM

Their main aim is to harvest data of HNWI or those with $$$.... So in the end can offer full service of Parent Al Rajhi bank main products & services

This post has been edited by nexona88: May 28 2024, 10:28 AM
nexona88
post May 28 2024, 05:19 PM

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QUOTE(Natsukashii @ May 28 2024, 03:10 PM)
That might be posisble, how did you even figure that out?
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Because many of us gotten offered by them....



nexona88
post May 28 2024, 08:02 PM

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QUOTE(sp3d2 @ May 28 2024, 07:29 PM)
Anyone here moved from rize to aeon bank?

I don't think the 0.08 extra worth the transfer.
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Why not have both 😁

More is better

If one down, got another as back ups πŸ‘Œ

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