Boost is one of the most popular e-wallets in Malaysia, with over 500,000 merchant touch points nationwide.
You can use Boost to scan and pay, top up mobile credits, pay bills, shop online, and more. But what if you want to withdraw some money from your Boost eWallet to your bank account? Here are the steps you need to follow.
Step 1: Upgrade to Premium Wallet
To cash out from Boost, you need to have a Premium Wallet. This means you have verified your identity with Boost and have a higher wallet limit of RM4,999. If you are still using a Basic Wallet, you can upgrade to Premium by following these steps:
- Tap on the Profile icon on the top left corner of the app
- Tap on Upgrade to Premium
- Enter your full name, IC number, and date of birth
- Take a photo of your IC (front and back) and a selfie
- Wait for Boost to verify your identity (this may take up to 24 hours)
Once you have upgraded to Premium, you can proceed to the next step.
Step 2: Link Your Bank Account
To cash out from Boost, you need to link your bank account to your Boost eWallet. You can do this by following these steps:
- Tap on the Wallet icon on the bottom right corner of the app
- Tap on Cash Out
- Tap on Add Bank Account
- Select your bank from the list
- Enter your bank account number and name
- Tap on Confirm
You can link up to three bank accounts to your Boost eWallet. You can also edit or delete your bank accounts anytime.
Step 3: Cash Out Your Money
To cash out from Boost, you need to have at least RM10 in your Boost eWallet. You can cash out up to RM2,000 per transaction, and up to RM4,000 per month. You can do this by following these steps:
- Tap on the Wallet icon on the bottom right corner of the app
- Tap on Cash Out
- Select the bank account you want to cash out to
- Enter the amount you want to cash out
- Tap on Confirm
You will receive a confirmation message and an SMS with a TAC code. Enter the TAC code and tap on Confirm again. You will receive another confirmation message and an email with a receipt. The money will be transferred to your bank account within one working day.
Conclusion
Boost is a convenient and rewarding e-wallet that you can use for various purposes. However, if you need some cash in hand, you can easily cash out from Boost to your bank account by following the steps above. Just make sure you have a Premium Wallet and a linked bank account before you do so.
For more information about Boost, you can visit their official website at https://www.myboost.com.my/ or their FAQ page at https://support.myboost.com.my/hc/en-us.
Sources
- https://www.myboost.com.my/
- https://wise.com/my/blog/boost-e-wallet
- https://www.axiata.com/brands/boost