Never mind..

Once they have that number, then whole users wd out and start terminate account.

Either win win situation, both user and bank continue enjoy..
OR if they play dirty trick again, then users will terminate and switch others..

Simple as that..

This post has been edited by JuneResources: Aug 21 2025, 09:39 PM

they wont charge for first month. it is same
concept as shopeepay later. sure got people fall into debt

May I know how did you applied for Pay Later at Ryt Bank? In my app, there was no option for me to apply for it

update your app, it is on home screen

Can the funds be placed in Ryt pocket? Or can duit now out to another bank

out to another bank and then back to RYT

can use credit card to pay off their paylater?

obviously NO

you repay from your Current Account / Savings account (CASA) within Ryt Bank via the app


Auto debit for instalment repayment: Upon conversion of any Current Statement Amount into instalments pursuant to Clause 5.3 (Conversion into instalments), you consent and authorises the Bank to debit the funds in your Ryt Bank Savings Account automatically for purposes of repayment of each outstanding instalment on the specified Repayment Date, until full settlement of all outstanding balance under the instalment plan. You must ensure that there are sufficient funds in your Ryt Bank Savings Account for the auto-debit to take place. Please note that this auto debit function is not applicable for one-off settlement of the Current Statement Amount pursuant to Clause 5.2(a). If you wish to settle the Current Statement Amount in a single payment (without converting it into an instalment plan), please manually perform the fund transfer from your Ryt Bank Savings Account to your Ryt PayLater Account via the App on or before the relevant Repayment Date.

This post has been edited by cybpsych: Aug 22 2025, 10:04 AM

not bad, can create virtual card. same like wise. use virtual for online purpose and physical for merchant. can set diff limit and control also. But virtual card, color so dull. look like current physical card is limited edition.
look like everyday got new changes and get ready for launching on 26 aug.

coming soon more on ryt based on teaser from fb video
•⁠ ⁠shopee
•⁠ ⁠⁠klia express
•⁠ ⁠⁠koppiku

This post has been edited by ericlaiys: Aug 22 2025, 11:49 AM

virtual card color reminds me of bigpay card lol

dun see any benefit of using the card locally or online yet though.

True. Anyway i just create the virtual card and freeze it for the time being.

can directly sign up via app now or need referral code?

can pm me invite code

This post has been edited by kimi0148: Aug 22 2025, 02:12 PM

got the card also earlier, like how shiny it is. hopefully it wont easily fade out over time

May I know what's your app version? Mine is on v1.16.0. There are no updates available on the Play Store, and my home screen doesn't have the banner

A possible reason is that they are doing the phase rollout on the Pay Later, so not everyone got it

This post has been edited by kslim888: Aug 22 2025, 04:42 PM

either that or they go by your declared income bracket..

maybe for now only offered to those who declared above certain income bracket

Possibility also how much you deposited in your main account or pockets.

I am using my PayLater at merchants that do not accept credit card and make full payment by my 18 Sep due date, 0% interest.

If can use credit card, better to use cc as can get points and also 21 to 30 days before payment due.

So after all the discussion about the residual balance and stuff, the in-a-nutshell version that unker here has come to understand is

TECHNICALLY, main account is "useless" since it's 3 % only and isnt calculated inside the pockets' 20k, got much better rate at other digital banks and jars

For Savings Pockets, you wanna put 60.84 or any multiples of that value for the round-off but with the knowledge that residual is in play and u are receiving "alternate day" interest UNLESS u are willing to daily "bot"

For Ryt Pocket itself, you wanna hit as high interest as possible with the residual balance need for 20k after subtracting whatever u put in the savings pocket also with the knowledge that residual is in play and u are receiving "alternate day" interest.

THE NUMBERS

MAIN: 0
RYT POCKET: 19527.50 (I know it will be more than 20k total but for the alternate day round off...) | Interest:1.60 +- 0.01
SAVINGS POCKET: 60.84 *9 =547.56 | Interest: 0.01*9 = 0.09

TOTAL = 20075.06 with the knowledge that 75.06 is there to pad numbers | Interest: 1.6+0.09+0.54=2.23 at the very least with variations

Am i correct in my calculations so far or do i need to go back to math school?

PS: After everything is said and done, effective rate is basically 4%~4.05%

This post has been edited by soulreap: Aug 22 2025, 06:11 PM

I saw that already, forced app update when I try to login. Will it show the due date for PayLater? I'm tempting to use. I can cash it to other bank account, right?