Now, you have done claiming the eBelia Rahmah via Setel, Boost or TnG. Now, you may ask, how to transfer eBelia to the bank? Is that possible?
Withdraw eBelia to bank
Can I transfer eBelia to bank?
No, you cannot transfer eBelia to the bank. The eBeliaRahmah credit also cannot be used for peer-to-peer transfers. You’ll need to use it according to the instructions given by the government.
The eBelia initiative is designed to stimulate economic growth and encourage digital adoption among Malaysian youths. It is specifically targeted at eligible Malaysians aged 18 to 20 years old or full-time students at higher learning institutions.
The eBelia credit can be used for various purposes, such as purchasing offline goods and services,
However, the credit is only valid at participating merchants and service providers and cannot be withdrawn as cash or transferred to a bank account.
As the eBelia credit is meant to benefit the youth and support local businesses, the government has imposed certain restrictions to ensure its proper utilization.
By limiting the use of the credit to specific merchants and service providers, the government aims to channel the funds towards sectors that are in dire need of economic recovery.
This, in turn, will contribute to the overall growth and development of the Malaysian economy while promoting digital adoption among the younger generation.
So, it is crucial for eligible eBelia recipients to use the eBelia credit wisely and within the stipulated guidelines to maximise its intended benefits.
How to transfer eBelia to bank?
As mentioned above, you cannot transfer eBelia credit to the bank and withdraw as cash.
It prevents potential misuse of the credit and ensures that the funds are channelled towards the desired outcomes so that it will benefit the Malaysian economy and youth.
Why is the RM200 eBelia credit I obtained not applicable to online transactions?
The eBeliaRahmah program focuses on in-person (offline) usage.
This approach is implemented to bolster brick and mortar companies in Malaysia, particularly SMEs, that form part of the Malaysian business community.
Concurrently, e-Wallet service providers offer vouchers, discounts, and other benefits that can be utilized both online and offline, in accordance with the provider’s terms and conditions.