BPI (Bank of the Philippine Islands) has announced that starting March 1, 2024, loading your GCash account via the BPI app's "Load e-Wallet" will incur and additional Php10 charge. BPI's Load e-Wallet service used to be free-of-charge after GCash announced that they will implement a Php5 cash-in fee for all linked accounts last October 2, 2023. GCash even stressed that it was BPI that is taking the fees. Now, it appears that either you cash-in via the GCash app or you transfer via Load e-Wallet, there is no escaping the transfer fees. Bank of the Philippine Islands (BPI) is set to introduce international money transfers through its mobile banking app, following a partnership with Visa aimed at making cross-border transactions faster and more affordable for Filipinos. The feature lets fully verified users receive US dollar transfers and remittances straight into their GCash wallet without a US bank account. BPI has had this feature for a long time and we've been getting email alerts for online or mobile transactions (bills payment, fund transfers, etc), however this is the first time we got an alerts when making an ATM withdrawal. Read more in our articles including "BPI to charge Php10 for GCash transfers via Load e-Wallet" and "BPI to add international money transfers to mobile app by 2027".
BPI (Bank of the Philippine Islands) has announced that starting March 1, 2024, loading your GCash account via the BPI app's "Load e-Wallet" will incur and additional Php10 charge. BPI's Load e-Wallet service used to be free-of-charge after GCash announced that they will implement a Php5 cash-in fee for all linked accounts last October 2, 2023.
GCash even stressed that it was BPI that is taking the fees. Now, it appears that either you cash-in via the GCash app or you transfer via Load e-Wallet, there is no escaping the transfer fees. Bank of the Philippine Islands (BPI) is set to introduce international money transfers through its mobile banking app, following a partnership with Visa aimed at making cross-border transactions faster and more affordable for Filipinos.
Our coverage of bpi transfer gcash includes: "BPI to charge Php10 for GCash transfers via Load e-Wallet"; "BPI to add international money transfers to mobile app by 2027"; "GCash unveils Virtual US Account in PH, enabling direct dollar transfers". Each article provides unique insights and information.