Boost eWallet is a popular digital wallet in Malaysia that offers various features for convenient transactions. While Boost is primarily designed for making payments, there are some limitations when it comes to withdrawing money directly to your bank account. As of my knowledge cutoff date in January 2022, Boost had disabled the transfer-out feature for security reasons, making it challenging to withdraw your eWallet balance to your bank account. However, here are three alternative methods you can consider:
Method 1: Use a Third-Party App
One option is to use a third-party app that allows you to transfer money from your Boost eWallet to your bank account. As of my last update, some apps in Malaysia offered this service for a small fee. You can search for apps available on app stores or websites that facilitate such transfers. Here’s a general process you might follow:
- Download and install a third-party app that provides eWallet-to-bank transfers.
- Register and set up your account on the app.
- Link your Boost eWallet to the third-party app.
- Initiate a transfer from your Boost eWallet to your bank account through the app, following their specific instructions.
- Confirm the transfer and wait for the funds to be deposited into your bank account.
Keep in mind that fees and processing times may vary depending on the app you choose.
Method 2: Make Online Purchases
While not a direct withdrawal method, you can use your Boost eWallet balance for online purchases, including paying for various services, shopping, and more. Some online platforms and e-commerce websites accept Boost as a payment method. Here’s how it works:
- Browse your favorite online stores or services that accept Boost payments.
- Select the products or services you want to purchase and add them to your cart.
- During the checkout process, choose Boost as your payment method.
- Follow the instructions to complete the payment using your Boost eWallet balance.
- Receive the products or services you’ve purchased.
Although this method doesn’t transfer money to your bank account directly, it allows you to utilize your Boost eWallet balance for practical purposes.
Method 3: Send Money to a Trusted Friend or Family Member
Another workaround is to transfer your Boost eWallet balance to a trusted friend or family member who has a bank account and is willing to help you convert the funds. Here’s how you can do it:
- Find a friend or family member who has a bank account.
- Transfer the money from your Boost eWallet to their Boost eWallet.
- Ask them to withdraw the equivalent amount in cash from their bank account and give it to you.
This method involves a trusted intermediary to facilitate the conversion of your Boost eWallet balance into physical cash. Be sure to choose someone you trust for this transaction.
It’s essential to note that the availability of these methods and their specific details may change over time. As of my last update in January 2022, these were some potential solutions. I recommend checking the latest information and options for withdrawing your Boost eWallet balance to a bank account since the e-wallet landscape in Malaysia evolves rapidly. Additionally, consider any fees or charges associated with these methods before proceeding.