#gcash east west bank

There was indeed an actual transfer of funds from victims's GCash account into the two bank accounts from East West Bank and Asia United Bank (AUB). East West Bank has made an statement that their Fraud Team discovered the fund transfers. Money from those GCash transactions actually went to an East West Bank account and they immediately froze it. On the other hand, AUB also confirmed that some funds were also transferred to one of their bank accounts after GCash notified them. Hence, these transactions went thru the system and funds were actually transferred from GCash to the two banks. However, since this was discovered early and both East West and AUB were alerted right away, the target bank accounts were frozen right away and funds could be returned to the respective GCash users. GCash has announced a temporary waiver of transaction fees for overseas Filipino workers (OFWs) in several Middle East countries. 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. Read more in our articles including "GCash: Full Explanation of Massive Phishing Incident" and "GCash waives transaction fees for OFWs in Middle East".