#GCash transfer fee

GCash has reduced its InstaPay bank transfer fee from PHP 15 to PHP 10, effective July 4, making digital fund transfers more affordable for its users. The updated fee now applies to every InstaPay transaction made through the GCash app. The circular requires banks and financial service providers to ensure that the difference between interbank and intrabank transfer fees reflects only the actual cost of processing transactions through payment networks. GCash's policies for transfers between GCash users remain unchanged. The BSP earlier said it expects more banks and financial institutions to adjust their transfer fees to align with the new guidelines. Prior to GCash's announcement, Rizal Commercial Banking Corporation (RCBC) also confirmed that it would waive InstaPay transfer fees beginning July 4. The latest adjustment adds GCash to the growing list of financial service providers lowering digital transfer costs following the BSP's updated policy. Maya has announced that it is lowering its InstaPay transfer fee to other banks from PHP 15 to PHP 10 starting July 6, 2026. Read more in our articles including "GCash cuts InstaPay bank transfer fee from PHP 15 to PHP 10" and "Maya lowers InstaPay transfer fee to PHP 10".