Are you a GCash user who is interested in the various GCash fees and service charges? Then you’ve come to the right place. We’ll share with you the complete and updated list of GCash fees so that you will know the additional costs incurred every time you cash in, cash out or transfer money in GCash.
GCash is a mobile wallet that offers a convenient way to send money, pay bills and shop online. With GCash, you don’t have to carry wads of cash because you can simply pay using your smartphone. While GCash is so easy and convenient to use, it does have transaction fees and service charges that every user should be aware of.
Some services in GCash, such as fund transfers to another GCash user, are free of charge. However. withdrawal to banks via InstaPay now incur a ₱15 fee per transaction, effective November 1, 2020. Bank-to-GCash transfers remain mostly free until December 31, depending on the bank.
The recent increase in GCash fees, especially on bank transfers via InstaPay, definitely took many users by surprise. Some GCash users balked at the idea of shouldering the fees, while some have started to look for alternatives just to avoid paying extra.
So if you’re a GCash user, it’s probably a good idea to determine how much it costs to send money to and from GCash. That way, you will know if the GCash fee is worth paying or not.
GCash Cash In Fees
These are the GCash fees for cash-in transactions (in other words, to add money to your GCash wallet):
|Cash in from bank via online or mobile banking||Free to ₱50|
|Cash in from linked bank account in GCash app (e.g. BPI and Unionbank)||Free|
|Cash in from remittance partner in GCash app (e.g. Western Union)||Free|
|Cash in from over-the-counter outlets above the monthly free cash-in limit of ₱8,000||2% of cash-in amount|
|Cash in from over-the-counter outlets below the monthly free cash-in limit of ₱8,000||Free|
Cash-in transactions via over-the-counter outlets such as Palawan Pawnshop, Cebuana Lhuillier and Bayad Center are free until you exceed the monthly free cash-in limit of ₱8,000. The fee will be automatically deducted from the total cash-in amount. Refer to this page for a sample computation of over-the-counter cash-in fees.
GCash cash in fees via online or mobile banking depend on the bank. Take note that most partner banks have waived their InstaPay transfer fees until December 31, 2020 or until further notice.
The following is a list of GCash cash in fees corresponding to each partner bank:
|AUB to GCash||Free|
|BDO to GCash||₱25|
|BPI to GCash||₱25|
|Chinabank to GCash||Free|
|EastWest Bank to GCash||Free|
|Landbank to GCash||Free|
|Maybank to GCash||Free|
|Metrobank to GCash||Free|
|PBCOM to GCash||Free|
|PNB to GCash||Free|
|PSBank to GCash||Free|
|RCBC to GCash||Free|
|Security Bank to GCash||Free|
|UCPB to GCash||Free|
To avoid transaction fees when cashing in from banks, you can link your BPI or UnionBank account to GCash and add money instantly on the GCash app.
Read this article to learn how to cash in to GCash, link your bank account and add money to GCash via over-the-counter outlets.
GCash Cash Out Fees
The following are the GCash cash out fees for withdrawing money to over-the-counter outlets and ATMs:
|Cash out via over-the-counter outlets||2% of cash-out amount|
|GCash MasterCard ATM withdrawal||₱20|
|GCash MasterCard ATM withdrawal outside the Philippines||₱150|
You can consult this guide on how to cash out or withdraw money from GCash to over-the-counter partners like Palawan Pawnshop, Villarica and Bayad Center.
GCash Send Money Fees
Here are the additional costs to send money via bank transfer, or to transfer funds to another GCash user:
|Send money via Express Send||Free|
|Send money via Send with a Clip||Free|
|Send money via Ang Pao||Free|
|Send money via bank transfer||₱15|
|Request money or KKB||Free|
GCash-to-bank transfers via InstaPay are charged ₱15 per transaction. Go here for a list of partner banks where you can send money to.
GCash Bills Payment Fees
GCash fees for bills payment depend on the biller. Refer to the GCash app for the actual charges per biller.
|Pay to billers with fixed fees||Free to ₱60|
|Pay to billers with percentage-based fees||2% of bill amount|
If you’re a GCredit borrower or interested in availing of a loan, you may check out the list of GCredit interest and penalty fees below:
|Interest fee within the billing period||3% to 5%|
|Penalty fee for unpaid loan 1-30 days after the due date||₱200|
|Penalty fee for unpaid loan 31-60 days after the due date||₱500|
|Penalty fee for unpaid loan 61-90 days after the due date||₱900|
|Penalty fee for unpaid loan 90 days or more after the due date||₱1,500|
GCash MasterCard Account Fees
The following are the GCash MasterCard fees for balance inquiry, dormancy and card purchase. Read this article to learn how to get your own GCash MasterCard ATM debit card.
|Balance inquiry via ATM||₱3|
|Balance inquiry via ATM outside the Philippines||₱50|
|Buy GCash MasterCard offline||₱150|
|Buy GCash MasterCard online (includes delivery fee)||₱215|
Knowing the different GCash fees will help you avoid any unexpected costs especially if you want to transfer a large sum of money. If the GCash service charge is too high for your liking, you can find other ways to send money that will help you save on costs. There are several alternatives to GCash such as PayMaya and Coins.ph that could potentially help you save money on fees.
If you have any questions or concerns about GCash, call the GCash hotline 2882 or email [email protected].