In a world where banking is often seen as a chore, especially when performing simple actions such as transfers and bill payments, Ryt Bank flips the script. As Malaysia’s fifth digital bank and the first to claim AI-powered payments, Ryt Bank isn’t just about managing money, it’s about enhancing how you live, spend, and save.

Backed by YTL Group and Sea Limited, and regulated by Bank Negara Malaysia, Ryt Bank recently launched and is now open to all Malaysians aged 18 and above. No invite codes, no waiting lists, just download the app and get started.

Fast & smart onboarding

Signing up takes less than 2 minutes. All you need is your MyKad and a selfie. 

 Ryt Bank uses eKYC verification, multi-factor authentication, and device-specific access to ensure your account is secure. Plus, it’s a PIDM member, so your deposits are protected up to RM250,000.

Image Credit: Rojak Daily

The other verification process, including email and a minimum RM1 bank transfer from an existing bank account, must be completed after signing up.

From day one, you get access to a Savings Account that supports DuitNow QR payments, so you can start spending immediately, even before your physical card arrives. You’ll also receive a virtual Visa debit card that’s ready to use for online shopping and subscriptions.

Image Credit: Rojak Daily

Prefer something tangible? You can request a Limited Edition Ryt Visa Debit Card, completely free—and have it delivered straight to your doorstep.

On a side note, we absolutely love the sleek, premium look of the physical card—and we think you will too. It's definitely a head-turner compared to typical traditional bank cards.

Image Credit: Rojak Daily

Save more, effortlessly

Ryt Bank’s Save Pockets are a standout feature. You can earn up to 4.00% p.a. interest, credited daily, with no lock-in period. It’s perfect for goal-based saving, whether it’s for travel, tech, or emergencies.

Meanwhile, funds in your Main Account also earn a competitive 3.00% p.a. interest, giving you solid returns even on your everyday balance. Whether you're stashing away RM50 or RM5,000, your money is always working for you.

Image Credit: Rojak Daily

And if you’re traveling overseas, Ryt Bank is sweetening the deal with unlimited 1.2% cashback on in-store foreign currency spending, valid until 30 November 2025. Just note that cashback excludes certain transactions like wallet top-ups, gambling, and online purchases, and may take up to 14 business days to be credited.

To top it off, Ryt Bank encourages smarter banking with its AI assistant. Users earn RM1 cashback per transaction (minimum RM10) when using Ryt AI to pay or transfer funds—up to RM5 per month.

Ryt AI: Your Personal Finance Assistant

Meet Ryt AI, the bank’s built-in assistant that turns screenshots and text prompts into ready-to-send payments. Just snap a photo of your bill or forward a WhatsApp screenshot and Ryt AI will prep the transaction for you.

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• Snap & Pay: Pay bills with images
• Text-to-Transfer: “Pay RM100 to MBB 514XXXXXXX” and it’s done
• Cashback: RM1 per transaction (min RM10), up to RM5/month

Even in beta, Ryt AI is impressively intuitive making banking feel less like a task and more like a conversation.

Buy Now, Pay Later, with control

Whether you're upgrading your gadgets, booking a last-minute trip, or just need a little breathing room in your budget, Ryt PayLater gives you the flexibility to spend now and pay later on your terms.

Users can access up to RM1,499 in instant credit, with 0% interest if repaid within a month. Prefer a longer repayment plan? You can stretch it over 3 to 12 months, with interest rates starting from 8.87% p.a., making it one of the more accessible BNPL options in the market.

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But it’s not just about flexibility, it’s about rewards too. When you use Ryt PayLater for eligible DuitNow QR payments, you’ll earn 1.2% cashback, capped at RM5 per month. And until 30 October 2025, you’ll enjoy 2x cashback when shopping at participating Yes stores, doubling your rewards while you manage your spending.

Final Verdict: a bank that matches the modern lifestyle

Ryt Bank isn’t just another digital banking app—it’s a lifestyle companion designed for Malaysians who expect more from their bank. From smart savings and AI-powered payments to travel perks and cashback rewards, it brings together convenience, innovation, and everyday value in one seamless experience.

Whether you're a frequent traveler, a savvy online shopper, or someone who simply values simplicity and control, Ryt Bank offers a refreshing, intelligent, and secure way to manage your money without the headaches of traditional banking.

For more information, visit the Ryt Bank website or its promo page.

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Featured Image Credit: Ryt Bank, Rojak Daily