Raiz Malaysia today closed all the accounts under them, and any account balance that is still in the account will be withdrawn automatically, and put into the Withdrawal Account that has been set by the users.
This move is an extension of Raiz's announcement that they are ending their operations in Malaysia. Since the beginning of this September, users can no longer make investments and change investment portfolios on Raiz Malaysia, and today all accounts are closed automatically.
Moving forward, starting 16 October 2024, all Raiz accounts in Malaysia will no longer be accessible.
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BUSINESS & MONEY