GCash recently announced that it will start charging fees for its online bank transfers starting October 1, 2020. If you’re wondering what other GCash services are charged with fees, take a look below:
No charges
• Cash In Online (via linked BPI, UnionBank, Paypal & Payoneer
• Cash In Over-The-Counter (up to PHP 8K every month)
• Send Money (to any GCash account)
• GCredit (Interest fee depends on loan amount)
• International Remittance (receiving from Western Union, MoneyGram, Alipay HK & more)
• Buy Load
• Pay Bills
• Save Money
• GCash Insure
• Pay QR
• Shop Online
• KKB
• Request Money
• Book Movies
With Fees
• Cash In Over-The-Counter: 2% fee for more than PHP 8K
• Bank Transfer: PHP 15 per transaction effective October 1, 2020
• Cash Out Withdrawal:
o PHP 20 via Mastercard
o PHP 20 / PHP 1,000 for Over-The-Counter
And there you have it. So far, only three GCash services charge fees, so better keep these in mind before you make a transaction.
Source: GCash
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