GCash now offers free bank transfers to 30+ banks
GCash, an online wallet platform, is now offering free bank funds transfers to more than thirty banks.
With the new feature, users can now transfer funds from their GCash wallet to banks such as BPI, BDO, and Metrobank free of charge. All they need is an account name, the account number of the receiver, and internet connectivity.
“GCash now allows customers to enjoy the freedom of being able to transfer funds conveniently with just their smartphone. We are happy to be part of Instapay. InstaPay is an initiative led by the BSP under the National Retail Payments System framework, whose goal is to increase digital transactions in the country to 20 percent by 2020,” said Anthony Thomas, President and CEO of Mynt.
To access this feature, users must first download the GCash app from the Google Play Store and Apple App Store then sign up for an account.
To fund their GCash account, a user can cash-in via local Mastercard or VISA debit cards, InstaPay from bank apps that have the service available, and direct bank deposits with preferred banks. They can also visit over 16,000 GCash Partner Outlets nationwide, like 7-Eleven, SM Business Centers, Robinsons Business Centers, Puregold branches, and Villarica Pawnshop branches, and tell the cashier to cash-in to their GCash account. Cashing-in to a GCash account is free.