Boost BankBoost Bank

Malaysia 数字银行 Fully online Permit holders ★ 4
Minimum depositNo minimum deposit
Monthly feeNo monthly fee
Minimum balanceNo minimum balance
How to applyFully online (eKYC in the Boost app with a Malaysian number and MyKad or passport)
Processing timeOnline ~10-20 min; review usually same day to 2 business days
Institution typeDigital Bank
Data baseline 2026-10. Editor-verified, but rules change — confirm with the official site before applying. Data transparency →

About this bank

A digital bank formed by Malaysian wallet Boost and RHB Bank, licensed and launched in 2024. Its defining feature is deep integration between the bank account and the Boost wallet, merging everyday spending with saving.

Advantages

  • Seamless integration between the bank account and the Boost wallet
  • No monthly fee and no minimum deposit to open
  • Very easy to open for existing wallet users

Things to note

  • Requires a Malaysian number and MyKad — usually not available to tourists
  • Products are still in an early phase
  • Limited cash channels

Documents required

  • A Malaysian mobile number
  • MyKad (foreigners: passport plus a valid visa)
  • A selfie for face verification

Requires a Malaysian mobile number and MyKad; foreigners can try with a passport plus a valid visa, though short-stay visitors are usually not eligible.

Opening offers & benefits

Standing benefits

These are stable, standing account benefits (not time-limited) — available as long as you qualify:

Bank offers change frequently by region and quarter. Checked 2026-10; follow the bank's official promo page.

FAQ

Can non-residents open an account with Boost Bank?

Partially. Foreigners can try with a passport plus a valid visa; short-stay visitors are usually not eligible.

How much money do I need to open a Boost Bank account?

No minimum deposit — the account can be opened at zero.

What documents are required for a Boost Bank account?

A Malaysian mobile number, MyKad (or passport plus a valid visa), and a selfie check.

How long does Boost Bank account opening take, and must I visit a branch?

About 10–20 minutes in the app, with review usually the same day to two working days.

Why might a Boost Bank application be rejected?

Common reasons: no MyKad or insufficient visa status, failed face verification, a number not in your name, or failed KYC.

Does Boost Bank have any opening offers or new-account rewards?

Standing benefits: No Monthly Fee, No Min Deposit, Fully Online, Digital Bank, Fast Approval. Promotions change by region and quarter — always check the bank's official promo page (verified 2026-10).

Ready? Open your account

Having documents ready lowers the chance of rejection; policies change, so confirm with the bank before applying.

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