How the Boost Bank referral program works
Boost Bank pays RM10 to the referrer and RM10 to the friend, with no deposit or spend requirement — the friend simply activates the bank service and enters the code during onboarding. The catch is in the reward type: it is restricted wallet credit that expires thirty days after crediting and cannot be transferred or withdrawn.
What the program pays
What makes this program different
An unusually low qualification bar paired with an unusually restrictive reward. There is no deposit requirement at all, but the RM10 is time-boxed credit that cannot leave the wallet — so the cost is bounded by breakage rather than by qualification rules.
Why it works
Removing the deposit requirement maximises conversion at the top of the funnel.
A thirty-day expiry means a meaningful share of the liability is never redeemed.
Non-transferable credit forces the reward to be spent inside the product, driving a first transaction.
What to copy
- You can trade a lower qualification bar for a more restrictive reward. Both bound cost; only one hurts conversion.
- If you use expiring credit, say so prominently. Quiet expiry is what turns a reward into a complaint.
- Boost's separate eWallet campaign at /personal/promotion/rewards-are-better-when-shared still reads as a live RM15 offer but its stated period ended 31 December 2023. Do not confuse the two programmes.
Boost Bank referrals, answered
How much does Boost Bank pay for a referral?
RM10 to each side, credited as Partner Wallet rewards. There is no deposit or spend requirement — the friend only needs to activate the bank service and enter the code during onboarding.
Does the Boost Bank referral reward expire?
Yes. It expires thirty days after crediting, cannot be used to send money or transfer to a bank account, and any unused balance is forfeited.
Boost Bank is not a ReferralFlo customer and this page is not affiliated with, endorsed by, or sponsored by Boost Bank. All terms described here are taken from Boost Bank’s own published materials as at 4 August 2026 and may have changed since. Trade marks are the property of their respective owners.
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ReferralFlo runs the mechanics on this page \u2014 tiered rewards, qualification rules, caps and payouts \u2014 without engineering time.