It seems I was only able to add cash RM30 for 5 times from Boost this morning.
The same error message occurred two days ago, when I did 5 times of Add-Cash (RM30 thrice, RM500 twice).

So I'm curious whether HelloGold set a frequency of Add-Cash transfer from Boost?

Thanks so much! Yep that's what I noticed too. I was just thinking to slowly topup RM30 for 50 times to get RM1 cashback from Boost, until RM1.5k Boost wallet limit. It is going to take 10 days then 😅

I've managed to topup 5 times everyday for the past few days, but today I only managed to topup 3 times before the error message appeared. Hmmm 🤔

For Boost, I only use to earn coins via RM100 topup, and to transfer to HG to buy gold. I do buy gold via Hello Gold, and have been doing so for the past 6 months.

Only this past one week I noticed I can withdraw cash easily via HG for free.

This post has been edited by Nicholasng925: Jun 9 2019, 09:36 AM

Yes no complain with HG cash withdrawal, totally hassle free. Even add cash from Boost earns you shake rewards. Imagine for every RM30 added from Boost, you earn RM1-2. Do that 5 times a day for 30 days, and that's RM150.

Yes I invested via Smart Saver too, I reckon this dollar cost averaging strategy is apt for precious metals investment like gold.

This post has been edited by Nicholasng925: Jun 9 2019, 12:12 PM

Same! Have been trying to add cash via Boost but unsuccessful. Only managed to do once, not five times as before.

I'm using the Smart Saver feature. It works brilliantly!

Thought it's pretty straightforward.
Setup the Smart Saver feature, and it will help you to buy gold with the lowest price of the day on a daily basis, for the entire month.

I treat it as a monthly saving, and topup money once a month for this purpose to fund this goal.

Sad Now I have to find another way...

I think a better alternative for HelloGold is to introduce withdrawal fee like Boost, and if it's not practical, to only impose withdrawal fee for "top up then withdraw" kind of transactions.

By removing entirely the 'Add Cash' feature, HelloGold will see certain drop in the number of user and of course usage. As some have mentioned, some people will like to reload now but only buy gold at an opportune time, not now.

This post has been edited by Nicholasng925: Oct 10 2019, 09:37 AM

I honestly thought this (charging a small fee for "add cash then withdraw" transactions) was a 'win-win' situation for both HelloGold and the users. Unless they revisit this feature, any strong emerging competitor will definitely snatch away some of their lost users.

How unfortunate.

Just like any change made to the credit card benefits offered by banks. They will usually give an effective date for the changes to apply.

Thanks tan_aniki for the tips! Appreciate if you could keep monitoring this transaction pattern and update us from time to time.

Will try that next month myself, as I have hit monthly transaction limit of RM4.5k this month, before the "Add Cash" feature was removed.

I just managed to try it now.
Took me around 30 mins to perform 25 transactions. Probably will take 2 hours for RM100 gold purchase.
Oh dear...

Essentially tan_aniki was just trying to earn Boost shake rewards, to cover the hefty HG fees.
The thing is that Boost shake rewards are not linearly proportional, hence his method works (minimise buy gold fee to 1 cent + maximise gold unit bought @ 0.006g).

From my limited trial just now, my return was about 24%.
Just imagine someone does this for the entire RM4.5k monthly spend limit set by Boost.

As mentioned by avinlim, 15% of RM4.5k is not a small amount, unless of course you are a high income earner then why bother about this small fish.

Will keep you updated if my money credited into my account by today.
Withdrawn at 11am just now.

This post has been edited by Nicholasng925: Oct 16 2019, 12:36 PM

Hmm probably need certain amount of data to know how much to buy from Boost at one transaction (to maximise shake rewards), coupled with using Excel solver to get the next number of minimising charge + maximising unit.

I need more time to do trial and error
There gotta be other way...