A mobile wallet called GCash makes it simple to send money, pay bills, and shop online. Because you can pay with your smartphone with GCash, you don't have to carry around a lot of cash. Even though using GCash is so simple and easy, there are transaction fees and service fees that every user should be aware of.
Transferring funds to another GCash user, for example, is one of GCash's free services. However. Beginning on November 1, 2020, InstaPay withdrawals to banks will now incur a $15 transaction fee. Depending on the bank, most bank-to-GCash transfers remain free until December 31. ,'_com-medrectangle-3','ezslot_5',191,,_('div-gpt-ad-_com-medrectangle-3-0');
Many users were undoubtedly surprised by the recent increase in GCash fees, particularly for bank transfers made through InstaPay. Some users of GCash have resisted the idea of paying the fees, and others have begun looking for other options just to avoid paying more.
Therefore, if you use GCash, finding out how much it costs to send money to and from GCash is probably a good idea. This way, you can determine whether or not the GCash fee is worthwhile.
Table of Contents GCash Cash In Fees GCash Cash Out Fees GCash Send Money Fees GCash Bills Payment Fees GCredit Fees GCash MasterCard Account FeesFinal Words GCash Cash In Fees The following are the GCash fees for cash-in transactions (i.e., adding money to your GCash wallet): 300,250],'_com-medrectangle-4','ezslot_6',192,,
Description: Free to a maximum of 50 Cash in from a linked bank account in the GCash app (such as BPI and Unionbank) or a remittance partner in the GCash app (such as Western Union) Cash in from over-the-counter outlets above the monthly free cash-in limit of 8,000 Cash in from over-the-counter outlets below the monthly free cash-in limit of 8,000 Cash in from over-the-counter outlets above the monthly free cash The fee will be deducted from the total cash-in amount automatically. A sample calculation of over-the-counter cash-in fees can be found on this page.
The bank determines whether fees can be paid in GCash via mobile or online banking. The following is a list of each partner bank's GCash cash in fees:
Description Fees AUB to GCash 10 BDO to GCash 25 BPI to GCash 25 Chinabank to GCash 10 EastWest Bank to GCash 25 Landbank to GCash 25 Metrobank to GCash 25 PBCOM to GCash 20 PNB to GCash 20 PSBank to GCash 15 RCBC to GCash 25 Security Bank to GCash 25 UCPB to GCash 25 To avoid paying transaction fees when cashing in from banks, you can link your
Learn how to link your bank account, cash in on GCash, and add money to GCash at over-the-counter locations by reading this article. '_com-box-4','ezslot_7',193,,_('div-gpt-ad-_com-box-4-0');
Fees for GCash Cash Outs The following are the GCash cash out fees for cashing out at ATMs and other over-the-counter locations:
Description Fee Cash out through over-the-counter locations 2% of the cash out amount GCash MasterCard ATM withdrawals of 10 to 18 pesos GCash MasterCard ATM withdrawals outside the Philippines 150 pesos You can refer to this guide for instructions on how to cash out or withdraw funds from GCash to over-the-counter partners such as Palawan Pawnshop, Villarica, and Bayad Center.
Fees for Sending Money With GCash The following fees apply when sending money to another GCash user or by bank transfer:
Description: Express Send is free; Send with a Clip is free; Ang Pao is free; bank transfers cost 15 cents; requests for money or KKB are free; GCash Padala costs 5 cents; and InstaPay charges 15 cents for GCash-to-bank transfers. For a list of partner banks to which you can send funds, go here. [300,250], ""_com-banner-1,"");
Fees for GCash Bill Payment The biller determines the GCash fees for bill payment. The actual costs per biller can be found in the GCash app.
DescriptionFee
Pay to billers with fixed feesFree to ₱60
Pay to billers with rate based fees2% of bill sum
GCredit Charges
In the event that you're a GCredit borrower or keen on benefiting of a credit, you might look at the rundown of GCredit interest and punishment expenses beneath:
GCash MasterCard Account Fees The following are the GCash MasterCard fees for balance inquiry, dormancy, and card purchase: Interest fee within the billing period 3% to 5% Penalty fee for loan unpaid 1-30 days after due date 200 Penalty fee for loan unpaid 31-60 days after due date 500 Penalty fee for loan unpaid 61-90 days after due date 900 Penalty fee for loan unpaid 90 days or more after due date 1,500 Find out how to get your own GCash MasterCard ATM debit card by reading this article.
Description Fee Balance inquiry via ATM: $3 Balance inquiry via ATM outside of the Philippines: $50 Dormancy fee: $50 Buy GCash MasterCard offline: $150 Buy GCash MasterCard online (includes delivery fee: $215 Last Words: Understanding the various GCash fees will help you avoid any unanticipated costs, particularly if you want to transfer a large sum of money. You can find cheaper alternatives to sending money if you find the GCash service fee to be too much for you. PayMaya and Coins.ph, among other alternatives to GCash, have the potential to help you save money on fees.'',_;
Call the GCash hotline at 2882 or send an email to support@gcash.com if you have any questions or concerns about GCash.
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