Terms & Conditions

Updated as at 28 April 2020

The Services are made available by Boost to you at its sole and absolute discretion and by using the Services upon Activation including but not limited to, purchasing any product and/or services on the App, you unconditionally: –

(a)        acknowledge that you have read and fully understood these Terms and Conditions and agree to be bound by these Terms and Conditions;

(b)        consent to Boost using and processing your personal information and data in accordance with Boost’s Privacy Policy which can be found at www.myboost.com.my.

Any person that you allow to access the Service using your Account shall also be bound by these Terms and Conditions. If you do not accept these Terms and Conditions, please do not continue with the registration process or Activation or the use of this Service(s).

 

Wallet Type, Wallet Limit and Functionality

Basic Wallet (Until 18th May 2020):

3.1       Wallet Limit is Ringgit Malaysia Two Hundred (RM200).

3.2       Monthly Transaction Limit for Payment is Ringgit Malaysia One Thousand (RM1000)

3.3       Monthly Transaction Limit for Electronic Money Transfer is Ringgit Malaysia One Hundred (RM100.00).

3.4       This Basic Wallet has a Cash-In feature, which allows the subscriber to reload or make a top-up of maximum value of Ringgit Malaysia Two Hundred (RM200). The user of Basic Wallet can also make Payments subject to its applicable Wallet Limit, Daily and Monthly Transaction Limit.

3.5       To register as a user for this Basic Wallet, a potential subscriber only needs to produce basic identification documents and/or information, sufficiency of such document for any approval for the Basic Wallet shall be determined by us. All potential subscribers for this Basic Wallet shall be screened by us. The approval of any application to subscribe for this Basic Wallet shall be at our sole and absolute discretion.

Beginning from 18th May 2020 the following shall apply for Basic Wallet:

3.6       Wallet Limit is Ringgit Malaysia One Thousand (RM1,000).

3.7       Monthly Transaction Limit for Payment is Ringgit Malaysia Two Thousand (RM2000).

3.8       This Basic Wallet has a Cash-In feature, which allows the subscriber to reload or make a top-up of maximum value of Ringgit Malaysia One Thousand (RM1000). The user of Basic Wallet can also make Payments subject to its applicable Wallet Limit and Monthly Transaction Limit.

3.9       To register as a user for this Basic Wallet, a potential subscriber only needs to produce basic information such as mobile number, sufficiency of such information for any approval for the Basic Wallet shall be determined by us. All potential subscribers for this Basic Wallet shall be screened by us. The approval of any application to subscribe for this Basic Wallet shall be at our sole and absolute discretion.

3.10      Electronic Money Transfer is no longer available to Basic Wallet.

 

Premium Wallet (Until 18th May 2020):

3.11      Wallet Limit is Ringgit Malaysia One Thousand and Five Hundred (RM1500).

3.12      Monthly Transaction Limit for Payment and Cash Out is Ringgit Malaysia Four Thousand and Five Hundred (RM4500) for each type of transaction. Notwithstanding the foregoing, effective 3 April 2020, you may only perform Cash Out of a maximum of RM200 per transaction.

3.13      Beginning 1 September 2018, the Monthly and Daily Transaction Limit for Electronic Money Transfer is Ringgit Malaysia Five Hundred (RM500.00) respectively. Subject to your fulfillment of further KYC process as determined by Boost, your Monthly and Daily Transaction Limit for Electronic Money Transfer can be increased to Ringgit Malaysia Four Thousand and Five Hundred (RM4500) and Ringgit Malaysia One Thousand (RM1000), respectively. The imposition of the Wallet limit and Monthly and Daily Transaction limit is to avoid any fraudulent, illegal or unlawful transactions including but not limited to breaches of regulation and guidelines under the Financial Services Act 2013 and the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

3.14      Subject to the Wallet Limit, Daily and Monthly Transaction Limit applicable to Premium Wallet as stated above as well as all relevant KYC and screening process, a user of the Premium Wallet can perform the following transactions:

(a)        Cash In;

(b)        Electronic Transfer;

(c)        Cash Out to the user’s own bank account (under the same user’s ID), subject to clause 3.10 below.;

(d)        Payment.

 

3.15      To subscribe for the Premium Wallet you must submit your mobile number, name as per ID, preferred name, email address, ID number or if necessary, ID documentation (only MyKad, MyPR or a valid passport is accepted) and will be subjected to a KYC process to ensure compliance with all relevant legislation and regulations. We reserve all rights to refuse, reject and/or decline your application at our sole and absolute discretion without assigning any reasons whatsoever, and our decision shall be final and conclusive.

 

Beginning from 18th May 2020 the following shall apply for Premium Wallet:

3.16      Wallet Limit is Ringgit Malaysia Four Thousand Nine Hundred and Ninety Nine (RM4,999).

3.17      Monthly Transaction Limit is Ringgit Malaysia Four Thousand Nine Hundred and Ninety-Nine (RM4,999) per transaction.

3.18      The combined Monthly Transaction Limit for Payment and Electronic Money Transfer is Ringgit Malaysia Four Thousand Nine Hundred and Ninety Nine (RM4,999). The imposition of the Wallet limit, and Monthly Transaction limit is to avoid any fraudulent, illegal or unlawful transactions including but not limited to breaches of regulation and guidelines under the Financial Services Act 2013 and the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

3.19      Subject to the Wallet Limit and Monthly Transaction Limit applicable to Premium Wallet as stated above as well as all relevant KYC and screening process, a user of the Premium Wallet can perform the following transactions:

(a)        Cash In;

(b)        Electronic Transfer; and

(c)        Payment.

 

3.20      To subscribe for the Premium Wallet you must submit your mobile number, name as per ID, preferred name, email address, ID number or if necessary, ID documentation (only MyKad, MyPR or a valid passport is accepted) and will be subjected to a KYC process to ensure compliance with all relevant legislation and regulations. We reserve all rights to refuse, reject and/or decline your application at our sole and absolute discretion without assigning any reasons whatsoever, and our decision shall be final and conclusive.

3.21      You may only have one (1) Premium Wallet per ID. In the event you have more than one Premium Wallet,  you must choose your preferred Premium Wallet by 18th May 2020 and the remaining wallets will be treated as Basic Wallets. If you do not choose your preferred Premium Wallet by 18 May 2020, all the wallets will be treated as Basic Wallets.