#GCash bank transfer fees GCQ

GCash has recently released its statement regarding the resumption of fees on bank transfer transactions. Starting October 1, 2020, select commercial banks and Electronic Money Institutions (EMIs) using the InstaPay network will start charging a transaction fee when doing a fund transfer (cash-in transaction) to GCash. However, linked BPI or UnionBank accounts to the GCash app are exempted from bank transfer transaction fees, making fund transfers free of charge. GCash, meanwhile, will charge PHP 15.00 per fund transfer (cash out transaction) to a bank or EMI using the InstaPay network from October 1, 2020. Previously, we reported that GCash and PayMaya will resume its fees for bank transfer transactions. Under the initiative, users can receive a full refund of service fees for selected GCash app services, including bank transfers to Philippine banks, mobile load purchases, and bill payments for Philippine-based billers. Metrobank has announced a significant reduction in its InstaPay transfer fees, introducing a new flat rate of ₱8 per transaction beginning February 1, 2026. Previously, Metrobank charged ₱25 per InstaPay transfer, although the bank had waived fees for transactions worth ₱1,000 and below over the past year. Read more in our articles including "GCash issues statement on bank transfer fees" and "GCash waives transaction fees for OFWs in Middle East".