#gcash fees

Starting October 2, 2023, GCash users will have to cough up PHP 5.00 for cash-in transactions via Bank of the Philippine Islands (BPI) and UnionBank. This change is "due to increasing costs," as per GCash’s recently updated support document. [caption id="attachment_342632" align="alignnone" width="1280"] Photo/ GCash Help Center under "General Cash In Inquiries"[/caption] You can sidestep this new fee by using workarounds like InstaPay or via other banks’ own platform. However, these workarounds may still have their own set of fees, ranging from P10 to P25, depending on the payment platform or bank used. Considering that other banks may charge higher fees, opting for the P5 GCash cash-in fee is the more logical choice. However, unlike GCash which has no minimum transfer amount for BPI transfers, Maya requires a minimum transfer amount of PHP 500. While we can hope that GCash won't add any more banks to have cash-in fees, only time will tell if more will be added to the list. GCash recently announced that it will start charging fees for its online bank transfers starting October 1, 2020. Read more in our articles including "BPI, UnionBank to implement P5 cash-in fee for linked account via GCash" and "GCash Services With and Without Fees".