GCash postpones implementation of bank transfer fees to November 1

GCash has recently postponed the implementation of its bank transfer fees.

As spotted on the GCash mobile app, it will start to charge the PHP15USD 0.26INR 22EUR 0.24CNY 2 additional bank transfer fee on November 1, 2020. The fee is applicable to all transactions transferring funds from GCash to other banks. The notification appears on the GCash app on the Bank Transfer tab under the Send Money tab.

Previously, GCash issued a statement on bank transfer fees which charges select commercial banks that uses InstaPay network for transferring funds from GCash starting October 1, 2020. Those with linked BPI or UnionBank accounts to the GCash app are exempted from bank transfer transaction fees.

Other GCash services, including GCash-to-GCash Send Money transactions, Pay Bills and Buy Load, also remain free of charge.