Reviewed 8 October 2026
Where it may fit
Worth comparing if your normal card purchases or eligible bill payments can meet the bonus conditions without extra spending.
Consider the limitation: The bonus is less useful if you must invent purchases to qualify. Activation requires another Malaysian account in your own name. You can use its ATM or branch for the initial transfer if you do not have internet banking.
Can five stamps fit your normal month?
Suppose you already have eligible card purchases of RM12, RM35, RM20 and RM15 on Monday, Wednesday, Friday and Sunday, then a RM60 eligible JomPAY bill the following Tuesday. If each meets the exclusions and biller rules, those five different dates can earn five stamps. The 30-day bonus starts on the fifth stamp.
Five payments on one day earn at most one stamp. A DuitNow QR purchase is not one of the campaign’s stated qualifying card or JomPAY transactions. Check each payment against the excluded merchant categories and eligible biller list, then confirm its stamp in the app.
A new set of five stamps resets the 30-day window; it does not add 30 days to the existing end date. When eligibility expires, do not keep budgeting for the bonus: the ordinary base return applies, subject to current account terms. The first-RM20,000 cap is across all Save Pockets combined, not per Pocket. Main-account money does not earn this campaign bonus.
Keep enough in the main account for payments, and separate long-term saving from the money due out this week. A published maximum transfer limit is different from your current default limit; merchant QR has a lower maximum than bank transfers.
Account and savings conditions
- Account
- Ryt Savings Account · conventional savings
- Who can apply
- Malaysian citizens aged 18+. You need an existing current or savings account in your own name at another bank in Malaysia to activate the account. Having no internet banking is different from having no bank account.
- Opening & ongoing balance
- RM1 activation transfer from your own Malaysian bank account via DuitNow Transfer, DuitNow Online Banking/Wallets or IBG. Without internet banking, make an IBG transfer at your existing bank’s ATM or branch. No ongoing minimum balance.
- Ordinary return
- 2.05% p.a. base interest on the main account and Save Pockets, paid daily.
- Bonus conditions
- Up to 4.00% p.a. total on the first RM20,000 across Save Pockets when eligible. Five qualifying stamps renew a 30-day bonus period. Campaign ends 1 February 2027; a bank-wide quota also applies.
- How the return is calculated and paid
- Base interest is calculated on each end-of-day balance in the Main Account and Save Pockets and credited daily. The Save Pocket bonus is also credited daily while you qualify, subject to its campaign rules and the first-RM20,000 combined cap. An amount below RM0.01 is not credited for that day.
Five qualifying RM10 payments on different days are different from one RM50 purchase. Check exclusions, eligible billers and the bonus end date.
Read the Save Pocket bonus conditions
Before you apply
- Requirements, steps and documents
- You must be a Malaysian citizen age 18 or older and may hold only one sole personal account. You also need an existing Malaysian bank account in your own name for the RM1 activation transfer. Apply for yourself in the Ryt app and transfer RM1 from that same-name account using a supported DuitNow, online-banking or IBG route. If you do not use internet banking, make the IBG transfer through your other bank’s ATM or branch. The terms say Ryt may request identity documents but the public account sources do not give a complete itemised identity-check document list; follow the app rather than assuming no further evidence is needed.
Final product check: For activation through an ATM or branch, send an IBG transfer from your existing account in your own name. Allow up to one business day, including any delay for weekends or Kuala Lumpur public holidays.
Account approval depends on the bank’s checks. Use only the bank’s official app or website and do not send identity documents to Rize.
Accessing money and closing the account
- Withdrawals and whole-account closure
- Request closure through support@rytbank.my or +603 5115 5115 and arrange to transfer the Main Account balance. Ryt transfers remaining Save Pocket money to the Main Account and then closes the Pockets. The terms say interest may stop from the day Ryt receives the instruction and the bank may refuse instructions or suspend transfers and withdrawals while closure is pending. The published closure fee is RM0. An outstanding Ryt Credit facility may prevent closure until it is settled.
PIDM deposit protection
- Product and protection limit
- Ryt Savings Account is an eligible conventional ringgit savings deposit. The Main Account and Save Pockets form one insurable balance, subject to PIDM’s automatic limit of RM250,000 per depositor at Ryt Bank, inclusive of principal and interest and shared with other eligible deposits in the same ownership category at Ryt Bank.
Protection is by depositor, member bank and ownership category, not by pocket or account label. See how PIDM protection and aggregation work.
What does it cost to use?
Selected fees, checked 8 October 2026. Check waiver dates and the ATM network you use.
- Physical card issuance
- RM12
- Annual card fee
- Ask the bankConfirm the annual fee before ordering.
- Replacement
- RM12
- Selected account fees
- RM0 service, closure and e-statement fees; DuitNow transfer fee waived.
- Dormancy
- RM0, including dormant-account activation.
- Domestic ATM / cash out
- Domestic MEPS fee waived.
- Overseas ATM
- RM12 per withdrawal.
- Foreign-currency card purchases
- 2% on foreign-currency transactions; Visa conversion applies.
Payments, limits and cash deposits
Check your billers, payment limits and cash-deposit route before moving salary or bills.
- DuitNow transfer / QR
- YesTransfers and QR; merchant QR has its own daily limit.
- Debit card
- YesVirtual and physical Ryt Card.
- JomPAY
- YesBill payments supported; only eligible billers earn bonus stamps.
- Scheduled payments
- Ask the bankAsk about scheduling transfers to other bank accounts.
- Direct debit
- Ask the bankConfirm that your biller can collect by direct debit.
- Payment limits
- Daily defaults RM5,000. Maximum: transfers/QR transfers RM50,000; merchant QR RM10,000; bills RM50,000.
- ATM / card limits
- ATM: RM3,000 daily default, RM10,000 maximum. Card purchases: RM3,000 default, RM20,000 maximum.
- Physical cash deposits
- Ask the bankATM/branch activation transfers existing account funds using IBG. Ask Ryt separately about depositing physical cash.
Before making it your everyday account
- Activate from your own bank account; use the supported IBG route if that account has no internet banking.
- Review the app’s current bonus status, qualifying billers and end date.
- Use existing purchases to collect stamps; skip the bonus if extra spending costs more than it earns.
- Check the transfer, merchant-QR and ATM limits separately before a large payment or cash withdrawal.
Use the full changeover checklist and keep a working payment route while testing.
Help without app access
Ryt Bank
General service
Phone: 8am–8pm daily. In-app chat: 24/7. Email and the help-site ticket form are outside-app options.
Fraud / lost access
Call 8am–8pm or use in-app chat at any hour. For an online financial scam, also call the National Scam Response Centre (NSRC) on 997 immediately. Calling 997 does not replace reporting the incident to Ryt; if you cannot use the app outside phone hours, call Ryt when its phone line opens.
Formal complaints
Help & Support Centre. Submit the complaint through phone, email or the official help-site “Create a ticket” form. Ask for the case reference and written response. support@rytbank.my Ryt Bank official complaint route.
Email response target: two business days. Investigations involving another party can take longer. Report urgent fraud by phone or chat.
Ryt Bank Customer Service Charter
Contact details checked 8 October 2026
For a specific problem, use the account-access, transfer or card and ATM guide.
Borrowing from this bank
Compare financing eligibility and costs, including eligibility, costs and questions to settle before accepting credit. A savings account does not guarantee borrowing approval.
See Compare Banks for alternatives.
Visit the bank’s official website
Official sources (13)
Reviewed 8 October 2026. Each document is listed once.