#gcash bank transfer fees

GCash recently announced that it will start charging fees for its online bank transfers starting October 1, 2020. So far, only three GCash services charge fees, so better keep these in mind before you make a transaction. UnionBank has removed transaction fees for person-to-person fund transfers made through InstaPay, with the new policy taking effect today, July 7, 2026. The bank announced the update through an official advisory, making InstaPay transfers free for its customers. With this change, UnionBank joins other commercial banks in the Philippines that have also removed fees for real-time digital fund transfers. Customers can already use several services without additional charges, including PESONet transfers, transfers between UnionBank accounts, utility bill payments, mobile load purchases, and QRPh payments at participating stores. More banks in the Philippines have been removing InstaPay transfer fees as digital banking services continue to become more competitive. 1238, allowing banks to set their own transfer fees. Read more in our articles including "GCash Services With and Without Fees" and "UnionBank removes InstaPay transfer fees".