Starting October 1, 2025, direct cash-in transactions to GCash will be routed to InstaPay. This follows the Bangko Sentral ng Pilipinas (BSP) directive for online banks and e-wallets in the country to adopt InstaPay.
The move aims to ensure that transactions are faster, safer, and transparent. In addition, GCash confirmed that there will be no additional fees for direct cash-ins under the new system.
However, partner banks may adjust their own fees depending on internal policies. Users are advised to check with their banks for updated rates.
Given the news, BPI will begin charging a PHP 15 fee for cash-in transactions made via InstaPay. It will include transfers to GCash and other e-wallets, effective October 1.
This fee covers clearing costs from BancNet, the designated switch operator for InstaPay. As per BPI, they’re making the change to align with the aforementioned BSP directive.
Notably, the bank will continue to offer lower-cost or free options. To start, transfers to GCash via InstaPay will cost PHP 10. Meanwhile, transfers from the BPI app to #MySaveUp via GSave will remain free.
Lastly, withdrawals from GSave to GCash will still be free of charge. Readers should note that certain customers and merchant payments may still enjoy waived fees.
This story follows our Facebook post 19 from earlier today, which announced BPI’s inclusion of a service fee for cash-in transfers via InstaPay.
Christian marzan