Just wanna confirm, if i put my money here, it wont deduct or drop right? Like any other invest app. If not mistaken this for saving acc, but im not sure
I applied for rize about 2 weeks ago and its still processing my acc application😅 anyone knows if I should make a new application or should I just wait for it?
According to tnc you gotta order the card so id just do it in case. There’s no deposit button since it’s like a bank. Just look for your acc details and transfer to that from your other banks
One thing I notice is that because it is a bank from outside country, they put it as a promo because they need to get malaysia people information for their business.
so all we have to do is transfer RM 5k to the Rize savings account to be considered as deposit? and the 5% starts to apply with the balance money in savings?
Even if you transfer RM100 you'll still get 5% haha. But yes if you have RM5k in you'll get the 5%. Apply for the debit card too, its required in the T&C. Can do it via the app
They just extended to 31 Dec 2023, does it mean that if we deposit RM5k into this Rize account, then the 5% interest will be eligible till 31 Dec 2023? 2. Does the debit card has service charge?
Its a product of Al Rajhi bank which is a renowned Saudi bank, and it is also PIDM insured. It is very legit, but the only issue is that the app sucks lol
@@MillennialFinanceMalaysia do not have button for transfer the money , so what should I do. they asked me to cash in rm20 minimum and i did it but this app doesn't has the option for transfer money
I started early August and received mine on 31st August = 5%. I did contact Rize, and they said debit card activation is not a requirement. only savings-i account is the requirement to get 5% promo.
Mantap .. brooow..sangat bermanfaat..info..infonya..semangat
TQ for this!
Hope it helped!
Just wanna confirm, if i put my money here, it wont deduct or drop right? Like any other invest app. If not mistaken this for saving acc, but im not sure
Yep you’re right, it’s a savings account so it can’t drop in value
what's your referral code bro? Btw, the debit card any annual fee? Thanks
No referral codes for this haha, just go ahead and sign up! No annual fee that I’m aware off
Nice one 👍
I applied for rize about 2 weeks ago and its still processing my acc application😅 anyone knows if I should make a new application or should I just wait for it?
Heard some cases like this too. Try reaching out to their support!
their customer care contacts arent helpful either….
Do you know if we need to order the card? or can we just use the app? I'm also confused on where is the button to deposit
According to tnc you gotta order the card so id just do it in case. There’s no deposit button since it’s like a bank. Just look for your acc details and transfer to that from your other banks
@@MillennialFinanceMalaysia oh okay thank you!
One thing I notice is that because it is a bank from outside country, they put it as a promo because they need to get malaysia people information for their business.
Actually they have been operating in Malaysia for a while already haha. I think they have the promo just to drive signups initially
Please reply, how to do withdrawal to our bank account (not rize account)? I couldnt find it
Make a transfer to your other bank acc. It’s the same as transferring out from any other bank
Thanks❤
@MillennialFinanceMalaysia The promotion is for new customer or also for existing customer?
The 5%? Should be for all
Awesome
so all we have to do is transfer RM 5k to the Rize savings account to be considered as deposit? and the 5% starts to apply with the balance money in savings?
Even if you transfer RM100 you'll still get 5% haha. But yes if you have RM5k in you'll get the 5%. Apply for the debit card too, its required in the T&C. Can do it via the app
@@MillennialFinanceMalaysia Thanks for the reply, did not know i had to order the card. Appreciate it 🙏🏽
No problem!
i have registered and get the card and deposit. but never seen daily profit deposited
@@fynnneo4536 Its deposited into your acc on the first day of every month
They just extended to 31 Dec 2023, does it mean that if we deposit RM5k into this Rize account, then the 5% interest will be eligible till 31 Dec 2023?
2. Does the debit card has service charge?
Yes they did! And yes you’ll get the 5% till end of year. The debit card doesn’t have a fee as of now, but they might change it later
@@MillennialFinanceMalaysiaso have you received your June payout? 5% or 4%…
is that platform really legit?
Its a product of Al Rajhi bank which is a renowned Saudi bank, and it is also PIDM insured. It is very legit, but the only issue is that the app sucks lol
Yep what Hussein said.
I didn’t find the app too bad though 😅
Al Rajhi is world’s largest Islamic bank.
In Malaysia, we already have Raiz, and then this Rize thing. Pick a better name, come on la. Not everything should be rhymes with rice.
LOL. This one we’ve got to agree with, not even that great of a name 😂
Is it shariah compliant ... 🤔🤔🤔 ...
Yes it is
Al-rajhi is one of the most strict islamic bank in Malaysia, how can you questioning them? Hahaha
@@niidaimehokage5731 ... 🤣🤣🤣🤣🤣 ...
Worlds largest Islamic bank
Hi, im new user here.. Can I know how long they will take to deliver the card after we registered?
Can’t remember but it wasn’t that long ago
Per annum means only will get 5% after 1 year rite ? So it is not daily return like TnG GO+ is it ?
It’s compounded monthly while TnG is compounded daily
@@MillennialFinanceMalaysia Understood. Tq
Ok la
Roughly rm20ish per month
any idea of their normal p.a. rate outside of promotion?
No clue yet, will find out soon
Why mine doesn’t have the qr pay function? Or will it take time?
See under transfer whether you have qr
Does Rize debit card support foreign /oversea transfer?
What do you mean by transfer? Bank transfer or using the card overseas?
I didn’t find any button for cash out in the rize app. How can i cash out my money ?
You transfer it to another bank acc or withdraw it from an atm with the card. It’s just like any other bank
@@MillennialFinanceMalaysia do not have button for transfer the money , so what should I do. they asked me to cash in rm20 minimum and i did it but this app doesn't has the option for transfer money
You don’t have a transfer button? Is your acc activated?
This 5% interest is for how long please? If i move my savings here will they continue to offer 5% year after year?
Promo only until 31 Aug unfortunately, no indication if they’ll extend it yet
Only for Malaysian residents?
Should be yes
For now only for Malaysians, they are working for Foreigners and other great products.
Does this digital bank has transaction limit? and how can I adjust it?
Yes! You can adjust it via the app itself :)
Is it for Malaysians and Non Malaysians too ?
Only Malaysians I think
How to withdraw back from rize to bank?
You can just do a standard bank transfer
Registered few days ago & still stuck at approval 😶🌫️
Odd. Maybe reach out to support? Ours was super fast
I keep on reapply ,only successful after a month .
is rize shariah compliant?
Yep it is!
Is saving pot still get the %?
Yes!
Anyone get paid from the interest? I have put month plus still didn’t receive any cents😢
Did you activate the debit card? It’s a requirement apparently
@@MillennialFinanceMalaysia I see, I haven’t 🫠 will it charge yearly fee ?
Not for now, completely waived :)
I started early August and received mine on 31st August = 5%. I did contact Rize, and they said debit card activation is not a requirement. only savings-i account is the requirement to get 5% promo.
@@AhmadZul how to open savings-i account?