Hybrid perovskite-based optoelectronic devices are demonstrating unprecedented growth in performance, and defect passivation approaches are highly promising routes to further improve properties. Here, the effect of the molecular ion BF4-, introduced via methylammonium tetrafluoroborate (MABF4) in a surface treatment for MAPbI3 perovskite is reported. The optical spectroscopic characterisations shows that the introduction of tetrafluoroborate leads to reduced non-radiative charge carrier recombination with a reduction in first order recombination rate from 6.5 × 106 to 2.5 × 105 s-1 in BF4--treated samples, and a consequent increase in photoluminescence quantum yield by an order of magnitude (from 0.5% to 10.4%). 19F, 11B and 14N solid-state NMR is used to elucidate the atomic-level mechanism of the BF4- additive-induced improvements, revealing that the BF4- acts as a scavenger of excess MAI by forming MAI–MABF4 cocrystals. This shifts the equilibrium of iodide concentration in the perovskite phase is presumably due to the formation of MAI-MABF4 cocrystal, thereby reducing the concentration of interstitial iodide defects that act as deep traps and non-radiative recombination centers. These collective results allow us, for the first time, to elucidate the microscopic mechanism of action of BF4-.