Categories: Digital LifeNews

Boost eWallet no longer allows you to cash out to bank accounts

[ UPDATE 29/05/2020 16:30 ]: Boost has explained why it no longer offer Wallet to Bank account transfers. More details here.

===

Boost has completed its scheduled wallet upgrade this morning which offers a larger wallet size of up to RM4,999. Not only you can store more credit in your eWallet but you will be able to spend up to RM59,999 per annum. However, its cash-out option to bank accounts is no longer available from 18th May onwards.

Prior to the latest changes, Boost is the only provider among the top 3 eWallet players that allows you to transfer funds to a local bank account. This was only available for Premium Wallet users and Boost charges a fee of 2% up to a maximum of RM2 for each transfer. With the new wallet update, Premium Wallet users are still able to transfer money but only between Boost Wallets.

The wallet size increase is applicable for booth Basic and Premium accounts. Previously, Boost Basic came with a RM200 wallet size and it is now upgraded to RM1,000. Meanwhile, the Premium Wallet which was previously capped at RM1,500 is now bumped up to RM4,999.

To upgrade to a Premium wallet, you’ll need to verify your account by providing an IC verification which will require a selfie. For foreigners, you may verify your identification with a copy of your passport.

In case you missed it, Boost is now supported on Samsung Pay. However, it only displays a QR code and it doesn’t work on NFC terminals.

Related reading

Recent Posts

Zeekr Malaysia partners with DC Handal to expand EV charging network along North-South Expressway

Zeekr Malaysia has signed a Memorandum of Understanding (MoU) with DC Handal to expand the…

5 hours ago

MyGOV app will stream FIFA World Cup 2026 matches for free

If you're planning to catch the FIFA World Cup 2026 on your mobile device, there's…

6 hours ago

This Saturday: Watch over 100 EVs take over Sepang Circuit

From the Hyundai Ioniq 5 N and Porsche Taycan Turbo to the Denza D9 and…

7 hours ago

Gentari x MBPP deploy 120kW DC Charger at Pusat Komuniti Pagar Buloh in Bayan Lepas

If you need to charge your EV at Bayan Lepas, there's now a new Gentari…

10 hours ago

JomCharge x DBKL turn on third EV charging location at Kuchai Lama, 50% off this weekend

JomCharge x DBKL EV Charger deployment continues in Kuchai Lama and they have just turned…

11 hours ago

Honor MagicPad 4 Malaysia: This tablet runs Android and Linux, available from RM2,999

Besides the Magic V6, Honor Malaysia has officially launched the MagicPad 4, a new flagship…

1 day ago

This website uses cookies.