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Ryt Bank · BNM Licensed · Honest Review 2026

Ryt Bank Review Malaysia 2026

Item: Ryt Bank Malaysia
Rating: 4.3
Author: Calculator Malaysia

1.2% Unlimited Cashback on all transactions · Savings up to 4.0% p.a. · PIDM-insured · BNM-licensed

Our Verdict

4.3 / 5 — Best Digital Bank for Cashback in Malaysia

Ryt Bank offers the highest cashback rate among BNM-licensed digital banks — 1.2% unlimited on all transactions, no cap. Savings up to 4.0% p.a. with no lock-in. Referral code BRVRG unlocks up to RM99 in cash rewards.

4.3★

Cashback Rate

1.2% unlimited

Regulated by

BNM Malaysia

Deposit Insurance

PIDM RM250k

Ryt Bank 2026 — At a Glance

Cashback Rate

1.2% unlimited

Savings Rate

Up to 4.0% p.a.

Referral Code

BRVRG

Referral Bonus

Up to RM99

Regulated By

BNM Malaysia

Deposit Insurance

PIDM up to RM250k

Ryt Bank Referral Code — Up to RM99 Bonus

Enter code at registration. Reward credited after account activation. T&Cs apply.

Full Ryt Bank referral code guide →

What is Ryt Bank?

Ryt Bank is Malaysia’s BNM-licensed digital bank, built around a single, powerful differentiator: 1.2% unlimited cashback on every transaction you make — with no spending cap and no excluded categories.

Like all BNM-approved digital banks, Ryt Bank is a full commercial bank — not an e-wallet. Your deposits are PIDM-insured up to RM250,000, the same guarantee that protects money held at Maybank, CIMB, or Public Bank.

Key differentiator

No other BNM-licensed digital bank in Malaysia currently offers 1.2% unlimited cashback on all transactions. Ryt Bank is purpose-built for everyday spenders who want their bank to reward them on every ringgit spent.

Ryt Bank Pros & Cons

✅ Pros

+1.2% unlimited cashback on ALL transactions — no cap, no exclusions
+Up to 4.0% p.a. savings rate — beats conventional banks
+PIDM-insured up to RM250,000
+No monthly account fee
+Fast digital onboarding — minutes via app
+BNM-licensed — fully regulated commercial bank

⚠️ Cons

−Relatively new bank — limited track record vs established banks
−Cashback T&Cs subject to change
−No joint accounts or FD products yet
−Fewer branch/physical presence than traditional banks

Ryt Bank vs Other Digital Banks Malaysia 2026

Bank	Cashback	Savings Rate	PIDM?	Stand-out
Ryt Bank	1.2% unlimited	Up to 4.0%	✅ Yes	Best cashback
GX Bank	None	3.55% (Bonus Pocket)	✅ Yes	FlexiCredit RM150k
AEON Bank	None	Up to 3.80%	✅ Yes	AEON loyalty rewards
Maya Bank	None	Up to 3.88%	✅ Yes	Flexi Loan
Maybank	0.5% (capped)	Up to 3.25%	✅ Yes	Widest ATM network

Cashback and savings rates as of 2026. Check each bank’s app for latest terms.

Buka Akaun Bank Digital — Dapat Duit Raya!

Daftar Ryt Bank dengan kod kami dan aktifkan akaun. Anda berdua boleh dapat sehingga RM99 — percuma, tanpa deposit!

1️⃣Download Ryt Bank

2️⃣Daftar & aktif akaun

3️⃣Dapat hingga RM99

Kod Rujukan:BRVRG

Daftar Ryt Bank →Google Play App Store

Frequently Asked Questions

Is Ryt Bank safe and licensed in Malaysia?↓

Yes — Ryt Bank is fully licensed by Bank Negara Malaysia (BNM) as a digital bank. Deposits are insured by PIDM (Perbadanan Insurans Deposit Malaysia) up to RM250,000, the same protection as any major Malaysian commercial bank such as Maybank or CIMB.

What is the Ryt Bank referral code for 2026?↓

The Ryt Bank referral code for 2026 is BRVRG. Enter this code when signing up for a new Ryt Bank account to qualify for up to RM99 in referral rewards. Reward is credited after account activation. T&Cs apply.

How does Ryt Bank 1.2% cashback work?↓

Ryt Bank offers 1.2% cashback on ALL transactions with no spending cap. For example, if you spend RM1,000 per month, you earn RM12 cashback automatically. There are no exclusion categories and no maximum cashback ceiling — the 1.2% applies to your entire monthly spend. Always verify current T&Cs in the Ryt Bank app.

What savings rate does Ryt Bank offer?↓

Ryt Bank offers a savings rate of up to 4.0% p.a. — significantly higher than most conventional Malaysian savings accounts (typically 0.5–2%). There is no lock-in period, meaning you can withdraw your funds at any time while still earning interest on your balance.

Ryt Bank vs GX Bank — which is better?↓

Ryt Bank is better for cashback spenders — 1.2% unlimited cashback on all transactions beats GX Bank which offers no cashback. GX Bank is better for credit access — FlexiCredit up to RM150,000 is a strong product Ryt Bank does not currently match. The best approach: hold both accounts. Use Ryt Bank for daily spending to earn cashback, and GX Bank for savings + credit flexibility.

Is the 1.2% cashback really unlimited?↓

Ryt Bank advertises the 1.2% cashback as having no cap — there is no stated monthly maximum. However, cashback T&Cs are subject to change by any bank at any time. Always verify the latest terms inside the Ryt Bank app before making spending decisions based on cashback projections.

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Ryt Bank Referral Code Guide

Full guide: code BRVRG, how to claim up to RM99 step by step

GX Bank Review Malaysia

4.2/5 — Bonus Pocket 3.55%, FlexiCredit RM150k. Code OOIY691.

GX Bank Referral Code

Code OOIY691 — earn up to RM225 in cash rewards

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