Continued from previous topic on the 5 MY digital bank licenses: https://forum.lowyat.net/index.php?act=ST&f...#entry112041447

This post has been edited by TOS2: Aug 18 2025, 04:18 PM

Ryt Card perks



Ryt card product discloure sheet: https://rytbank.my/documents/ryt-card/Produ...re-Sheet-en.pdf

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Ryt bank fees and charges: https://www.rytbank.my/fees-and-limits

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No interest round up or down possible here as Ryt will keep track of your daily accrued interest down to many decimal points.

20k in saving pocket with 4% p.a. daily return is what you will expect.

This post has been edited by TOS2: Aug 20 2025, 01:07 PM

when scan ic, it keep flash and coz the ic light explose and fail to verify.

Use an opqaue object (like your black mouse pad) to cover the flashlight of your phone when taking photo of your IC during the e-KYC process.

haiz stuck in verification for 2 hours. still waiting ! (dumb ekyc process)

This post has been edited by ericlaiys: Aug 18 2025, 04:26 PM

Hmm.... How so? You're on IOS or Android?

Mine is seamless.

ios

check if you got email (Maya at Ryt Bank). if you did then its completed and can check the app. mine completed in an hour

Mine is Android.

Your Pro/Pro Max phone camera might be too canggih. Image pixelation counts too high for AI to handle.

the flashlight spot on my ic, end up my ic was light explore, nothing can do

Uhm I don't understand. Can share your phone model? Maybe sifus here can help you.

The flashlight is located beneath the camera on my phone, so I blocked it. Then I realized there is an additional near-infrared sensor light coming out from the bottom camera of my phone, so I blocked that one as well, leaving only the topmost camera taking my IC photo.

This was my way and it worked:



This post has been edited by TOS2: Aug 18 2025, 04:55 PM

so sad, still waiting after few hours. most likely high issue & problem. first day open already cannot take it

[update]
now received a sms say my phone is unbind. try log in and bind again. stuck at verification waiting again

This post has been edited by ericlaiys: Aug 18 2025, 05:01 PM

Account approved in about an hour time. Funnily, there is no notification when my Ryt account opening is approved. Have to login then only find out approval done.

ikanbilis Wanna try round up trick again?

I am looking at this though.

https://www.rytbank.my/bonus-interest-campaign

4% rate got any capping?

https://www.rytbank.my/bonus-interest-campaign

Apps facial verification reliable? Put in money easy but want to take out money susah if facial verification is buggy.

I looked at the examples they give. They are smart enough to separate the extra bonus 1% p.a. as a separate bonus interest to be paid to the Ryt pocket, so we cannot use round up trick directly here because 0.005*365/0.04 = 45.63 MYR, but 45.63*0.03/365 = 0.0038 MYR which is less than 0.005 MYR so the base interest of 3% p.a. will not be paid, let alone the extra 1% bonus.

The next best alternative is to apply the round up trick, but with a 3% p.a. rate instead of 4% p.a. In this case, 0.005*365/0.03 = 60.84 (the familiar magic number from BoostBank saving pots). If round up trick applies, we should get 0.01 MYR in the original save pocket (for 3% p.a.) but then we miss out again on the extra 1% p.a. because 60.84*0.01/365 = 0.00167 MYR which again is less than 0.005 MYR. Yet effectively we are still earning 6% p.a. because the 3% p.a. interests is rounded-up in this case, even though we totally lose out from the extra 1% interest bonus.

To take advantage of the 1% bonus, we need to fulfill the condition such that the daily interest earned is 0.005 MYR = 1% p.a. Solving this in maths means 0.005*365/0.01 = 182.50 MYR. Now 182.50 MYR in a saving pocket would yield 0.015 MYR interests daily, which rounds up to 0.02 MYR (if round-up tricks apply that is), then the extra 1% p.a. bonus interests would give another 0.005 MYR, again rounded up to 0.01 MYR. So now, we have 182.50 MYR giving us 0.03 MYR daily per saving pocket. That means an interest rate of 0.03*365/182.50 = 6% p.a.

Ermmm, so the 1% p.a. bonus interests is not really any advantage... 6% p.a. anyway, just some maths exploration from my side...

update on my issue after contact support
1. they unbind my devices
2. decline previous submission and ask me to resubmit ic
3. block the camera flash and take ic picture and selfie
4. account activated after 1 min. Super smooth and tested AI working fine.
5. Requested limited edition card and virtual card

This post has been edited by ericlaiys: Aug 18 2025, 05:46 PM

There are some potential complications to the way the daily interests are calculated. It really depends on how many decimal points they keep in the system. The Help and Support page on the website is down, so I screenshot it from my phone.



So if we are aiming for a clean 6% p.a., the 182.50 MYR route is one good way, because there is no residual natural number beyond the third decimal point (daily interests of 0.015 and 0.005 respectively)

This post has been edited by TOS2: Aug 18 2025, 09:12 PM