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Banking Ryt Bank Updates and Dicussions, 3-4% p.a. daily, 1.2% overseas cashback

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Optizorb
post Aug 20 2025, 01:37 PM

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QUOTE(TOS2 @ Aug 20 2025, 12:43 PM)
user posted image

They lend you 0.005 MYR for one day, then deduct it from the next day, hopefully not charging you any overnight interest  laugh.gif .

Hmm... BNM has no rules for counterparty risk like this?

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QUOTE(Optizorb @ Aug 20 2025, 02:45 AM)
Then this sort of confirms my suspicions that magic numbers might not work at all.. Cause they go by residual balance..

So if Day 1 (60.84 x 3% /365 = 0.005 = 0.01 interest) gets rounded up.. Your balance now becomes -0.005 actually..
Then Day 2 (60.85 x 3% /365 = 0.005 + (-0.005)= 0.00 interest) it doesn't get rounded up and no interest earned on day 2.
And on Day 3 it will follow Day 1 again and the process starts all over..

What I'm surprised by this is that Ryt choose to "upfront" you the first round up..
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wow exactly like what I said then, that Ryt upfronts you the first round up on Day 1.. Other ewallets or banks usually on Day 2 only we will get the 1 cent.

anyway for those who had pockets already dont so fast close first. Yesterday is the 2nd day and didn't receive the round up right.. Means today is the 3rd day and will be receiving the round up again.. So leave it for today, close it or transfer all to 1 pocket tomorrow onward.

For those of you who yesterday is Day 1, then today can close/transfer all into 1 pocket.
ronnie
post Aug 20 2025, 01:53 PM

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QUOTE(Medufsaid @ Aug 20 2025, 01:33 PM)
ok to put like this?

  • Main account RM0.00
  • Ryt Pocket RM20,000.00

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yes !!!
ronnie
post Aug 20 2025, 01:54 PM

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QUOTE(Optizorb @ Aug 20 2025, 01:37 PM)
wow exactly like what I said then, that Ryt upfronts you the first round up on Day 1.. Other ewallets or banks usually on Day 2 only we will get the 1 cent.

anyway for those who had pockets already dont so fast close first. Yesterday is the 2nd day and didn't receive the round up right.. Means today is the 3rd day and will be receiving the round up again.. So leave it for today, close it or transfer all to 1 pocket tomorrow onward.

For those of you who yesterday is Day 1, then today can close/transfer all into 1 pocket.
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maybe they will pay into the Main even we close it already ?
devilmaycry9
post Aug 20 2025, 02:10 PM

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I have to change the notification sound before i kena heart attack sweat.gif
That Ryt AI thing is good. Much better if I could simply set all my favorite accounts in one step, without making an initial transfer tongue.gif
jasontoh
post Aug 20 2025, 02:34 PM

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QUOTE(ronnie @ Aug 20 2025, 01:54 PM)
maybe they will pay into the Main even we close it already ?
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Maybe don't close. Just move the money to Ryt Pocket. Just did. Move all 9 pockets + main to the Ryt Pocket. Not sure whether want to deposit another 39+ or leave it as it is.

This post has been edited by jasontoh: Aug 20 2025, 02:36 PM
Reeson
post Aug 20 2025, 04:19 PM

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does the debit card has annual fee?
sjz
post Aug 20 2025, 04:33 PM

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QUOTE(Reeson @ Aug 20 2025, 04:19 PM)
does the debit card has annual fee?
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no annual fee.
u can actually ask their AI for answer.
cybpsych
post Aug 20 2025, 04:54 PM

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QUOTE(Reeson @ Aug 20 2025, 04:19 PM)
does the debit card has annual fee?
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Is there an annual fee for the card? – Ryt Bank

user posted image
brandonkl
post Aug 20 2025, 05:03 PM

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The AI not so smart...asked if my debit card has been sent out, ask me to contact Customer Service 😄


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ericlaiys
post Aug 20 2025, 05:21 PM

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QUOTE(brandonkl @ Aug 20 2025, 05:03 PM)
The AI not so smart...asked if my debit card has been sent out, ask me to contact Customer Service 😄
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u can use virtual card. tested working. now no benefit using the card unless u plan to go oversea
cybpsych
post Aug 20 2025, 05:32 PM

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QUOTE(ericlaiys @ Aug 20 2025, 05:21 PM)
u can use virtual card. tested working. now no benefit using the card unless u plan to go oversea
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virtual is virtual, limited to CNP (card-not-present) use cases

sometimes you need physical card to do CP (card-present) transactions, eg retail stores, parking, tolls, pay for car downpayment, pay mistresses' condo maintenance, etc
nexona88
post Aug 20 2025, 05:32 PM

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QUOTE(brandonkl @ Aug 20 2025, 05:03 PM)
The AI not so smart...asked if my debit card has been sent out, ask me to contact Customer Service 😄
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Lolz...

Really standard reply one...

All push to CS one...
Reeson
post Aug 20 2025, 05:36 PM

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QUOTE(devilmaycry9 @ Aug 20 2025, 02:10 PM)
I have to change the notification sound before i kena heart attack  sweat.gif
That Ryt AI thing is good. Much better if I could simply set all my favorite accounts in one step, without making an initial transfer  tongue.gif
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how do you change that notification sound?

cant find the option
xpole
post Aug 20 2025, 05:55 PM

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What kind of notification sound is that when I received the money?

So unprofessional.
ronnie
post Aug 20 2025, 06:10 PM

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QUOTE(cybpsych @ Aug 20 2025, 04:54 PM)
Is there an annual fee for the card? – Ryt Bank

user posted image
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currently does not mean forever, right ?
!@#$%^
post Aug 20 2025, 06:14 PM

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QUOTE(ronnie @ Aug 20 2025, 06:10 PM)
currently does not mean forever, right ?
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can cancel when the time comes
devilmaycry9
post Aug 20 2025, 06:18 PM

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QUOTE(Reeson @ Aug 20 2025, 05:36 PM)
how do you change that notification sound?

cant find the option
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I'm using android so i set it in individual apps setting. Settings > Apps > Ryt Bank > Notifications
AlexisStarZ
post Aug 20 2025, 07:40 PM

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QUOTE(ericlaiys @ Aug 20 2025, 05:21 PM)
u can use virtual card. tested working. now no benefit using the card unless u plan to go oversea
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Got, just bring the ryt debit card will do as no ATM withdrawal fee laugh.gif
alamAk88
post Aug 20 2025, 10:54 PM

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Where can i get the invitation code for sign up?
Confession
post Aug 20 2025, 11:01 PM

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For oversea spending, by paying with card/withdraw cash, GX Bank still better right? Correct me if I'm wrong.
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