Likewise, they have also apparently disabled the Bank Transfer feature, promising that it will be returned soon. GCash recently announced that it will start charging fees for its online bank transfers starting October 1, 2020. • Send to Bank - This allows you to send money from your GCash account to a bank account (over 40 partner banks) for free. GCash is also a member of BSP's "InstaPay" network which means you can transfer Peso funds almost instantly between accounts of participating BSP-supervised banks and non-bank e-money issuers in the Philippines. To access the Send to Bank features, just open your GCash app, tap on Send Money, then tap on Send to Bank. Alternatively, you can open your GCash app then tap on Bank Transfer. Transferring funds from one bank to another can be quite a handful to deal with. Not only does one have to deal with banks' different policies, but one also has to deal with the exorbitant transfer fees. Read more in our articles including "GCash disables Bank Transfers after Account Deduction Incident" and "GCash Services With and Without Fees".
Likewise, they have also apparently disabled the Bank Transfer feature, promising that it will be returned soon. GCash recently announced that it will start charging fees for its online bank transfers starting October 1, 2020.
• Send to Bank - This allows you to send money from your GCash account to a bank account (over 40 partner banks) for free. GCash is also a member of BSP's "InstaPay" network which means you can transfer Peso funds almost instantly between accounts of participating BSP-supervised banks and non-bank e-money issuers in the Philippines. To access the Send to Bank features, just open your GCash app, tap on Send Money, then tap on Send to Bank.
Our coverage of GCash bank transfer includes: "GCash disables Bank Transfers after Account Deduction Incident"; "GCash Services With and Without Fees"; "Prevent the spread of COVID-19 by sending and paying bills online". Each article provides unique insights and information.