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Product Disclosure

Boost Bank SME

PRODUCT DISCLOSURE SHEET
(Read this Product Disclosure Sheet before you decide to take up the Boost Bank Business Current Account (BCA). Be sure to also read the general terms and conditions.)
BOOST BANK BERHAD
BOOST BANK BUSINESS CURRENT ACCOUNT (BCA)
DATE: 15 June 2026
1.What is this product about?
The Boost Bank Business Current Account (BCA) is a conventional business current account, which does not include a checking facility. It is insured by Perbadanan Insurans Deposit Malaysia (PIDM) for up to RM 250,000 per depositor.
2.What are the eligibility requirements?
Business

Non-individual customers, comprising MSMEs, SMEs and corporate entities registered with Suruhanjaya Syarikat Malaysia (SSM), and where applicable, and businesses registered with the relevant local council. This includes:

  • Sole Proprietorships
  • Private Limited companies
  • Partnerships
Primary Applicant
  • Malaysian resident which refers to Malaysian citizens residing in Malaysia
  • Individual aged 18 and older
  • Authorised director or partner, or owner (sole proprietorship)
Documents required
  • MyKad, a Malaysian government issued national registration identification card,
  • Business Registration Number (BRN), and
  • Board Resolution or Letter of Authorization (optional)

Further document may be required if deemed necessary.

Minimum initial depositRM0 until further notice
Minimum balance to maintain the accountRM0 until further notice
3. What are the key features and benefits?

i. Attractive Interest Rate

  • The interest rate is determined by the following account options selected by customer when opening the account:
     
Account OptionInterest Rate (p.a.)
Flow0.50%
Grow3.00%

 

  • Interest accrues daily based on the end-of-day balance in the account. Interest is credited daily only where the daily interest amount, after rounding, is at least RM0.01. If the daily interest amount is less than RM0.01, it will not be credited.
  • Interest paid is subject to applicable taxes, levies or deduction imposed by relevant authorities. 
     

ii. Protected Savings

  • Savings are insured up to RM 250,000 through PIDM.
4. What are the fees and charges I have to pay?
Service chargeRM10/year for accounts with balances below minimum balance
Waived until further notice
Account closure (user initiated)RM 0
e-statementRM 0
Dormant account chargeRM 10/year
DuitNow transferRM 0
5. What are the policies regarding account closure?

i. The BCA will be automatically closed by Boost Bank Berhad after 12 months of inactivity.

ii. If the account is required to be closed after Boost Bank Berhad's verification, the initial deposit will not earn any interest.

6. What are the additional terms and conditions of the BCA?

i. Account Statement

  • This account provides electronic statements only; no paper statements will be issued.
  • Easily manage your funds with monthly e-statements accessible through the Boost Bank business banking platform.
     

ii. Dormancy Account Treatment

  • An account will be considered dormant if there are no customer-initiated transactions for one year or more from the last transaction date.
     

iii. Account Closure

  • Accounts may be closed with prior written notice, in accordance with the rules issued by BNM or any relevant regulatory body.
  • Accounts may also be closed if the balance fails to cover the dormant charges of RM 10 per year imposed by Boost Bank Berhad.
  • A dormant account will be closed after seven years of inactivity in accordance with the Unclaimed Moneys Act.
     

iv. Change of Contact Details

  • It is crucial to update any changes in contact details in the Boost Bank business banking platform to ensure timely correspondence and that accountholders can be contacted as needed.
     

v. Your Obligations

  • Immediately inform the Bank upon discovering any unauthorized or suspicious transaction on your banking account.
  • Keep your security details confidential and do not share them with anyone.
     
7. Where can I get further information?

For further information on the product or to provide feedback/ compliant, you may contact us at: 

Boost Bank Berhad

Level 26, Axiata Tower 9, Jalan Stesen Sentral 5, 
Kuala Lumpur Sentral, 50470, Kuala Lumpur Telephone: 
03-86583000 (General Hotline, Monday – Friday, 9.00 am to 9.00 pm)
03-86583033 (Fraud Hotline, 24/7)
Email: support@myboostbank.co
Website: https://myboostbank.co/  

 

PRODUCT DISCLOSURE SHEET
(Read this Product Disclosure Sheet before you decide to take up the Boost Bank Digital Savings Account (DSA). Be sure to also read the general terms and conditions.)
BOOST BANK BERHAD
BOOST BANK DIGITAL SAVINGS ACCOUNT (DSA)
DATE: 15 June 2026
1.What is this product about?
The Boost Bank Digital Savings Account (DSA) is a conventional savings account for individual merchants via Boost Bank business banking platform, which does not include a checking facility. It is insured by Perbadanan Insurans Deposit Malaysia (PIDM) for up to RM 250,000 per depositor.
2.What are the eligibility requirements?
BusinessIndividual merchants without registration with the relevant local council or the Registrar of Businesses.
Primary Applicant
  • Malaysian resident which refers to Malaysian citizens residing in Malaysia
  • Individual aged 18 and older
Documents requiredMyKad, a Malaysian government issued national registration identification card
Minimum initial deposit> RM 0
Minimum balance to maintain the accountRM0
3. What are the key features and benefits?

i. Attractive Interest Rate

  • The interest rate is determined by the following account options selected by customer when opening the account:
     
Account OptionInterest Rate (p.a.)
Flow0.50%
Grow3.00%

 

  • Interest accrues daily based on the end-of-day balance in the account. Interest is credited daily only where the daily interest amount, after rounding, is at least RM0.01. If the daily interest amount is less than RM0.01, it will not be credited.
  • Interest paid is subject to applicable taxes, levies or deduction imposed by relevant authorities.
     

ii. Protected Savings

  • Savings are insured up to RM 250,000 through PIDM.
4. What are the fees and charges I have to pay?
Service chargeRM 0
Account closure (user initiated)RM 0
e-statementRM 0
Dormant account chargeRM 10/year
DuitNow transferRM 0
5. What are the policies regarding account closure?
i. The DSA will be automatically closed by Boost Bank Berhad after 12 months of inactivity. 
ii. If the account is required to be closed after Boost Bank Berhad's verification, the initial deposit will not earn any interest. 
 
6. What are the additional terms and conditions of the BCA?

i. Account Statement

  • This account provides electronic statements only; no paper statements will be issued.
  • Easily manage your funds with monthly e-statements accessible through the Boost Bank business banking platform.
     

ii. Dormancy Account Treatment

  • An account will be considered dormant if there are no customer-initiated transactions for one year or more from the last transaction date.
     

iii. Account Closure

  • Accounts may be closed with prior written notice, in accordance with the rules issued by BNM or any relevant regulatory body.
  • Accounts may also be closed if the balance fails to cover the dormant charges of RM 10 per year imposed by Boost Bank Berhad.
  • A dormant account will be closed after seven years of inactivity in accordance with the Unclaimed Moneys Act.
     

iv. Change of Contact Details

  • It is crucial to update any changes in contact details in the Boost Bank business banking platform to ensure timely correspondence and that account holders can be contacted as needed.
     

v. Your Obligations

  • Immediately inform the Bank upon discovering any unauthorized or suspicious transaction on your banking account.
  • Keep your security details confidential and do not share them with anyone.
     
7. Where can I get further information?

For further information on the product or to provide feedback/ compliant, you may contact us at: 

Boost Bank Berhad

Level 26, Axiata Tower 9, Jalan Stesen Sentral 5, 
Kuala Lumpur Sentral, 50470, Kuala Lumpur Telephone: 
03-86583000 (General Hotline, Monday – Friday, 9.00 am to 9.00 pm)
03-86583033 (Fraud Hotline, 24/7)
Email: support@myboostbank.co
Website: https://myboostbank.co/

 

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