A turnaround for BPI users is to send directly in-app via InstaPay or PESOnet to get around the 1% fee with as low as PHP 25 charge. Last month, GCash implemented a PHP 5 cash-in fee for BPI and UnionBank linked accounts. Only time would tell if the other popular digital bank/ e-wallet, Maya, will follow suit of these deposit fees. [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. And if you're feeling fancy, go ahead and use PayPal cash-in, which remains free. 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. As of writing, Maya—a competing e-wallet and a bank—allows users to transfer funds from BPI for free. Read more in our articles including "GoTyme Bank to implement 2 free deposits via linked accounts starting Nov. 15" and "BPI, UnionBank to implement P5 cash-in fee for linked account via GCash".
GoTyme Bank users’ FREE deposits via linked bank accounts are down to two per month…
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Starting October 2, 2023, GCash users will have to cough up PHP 5.00 for cash-in…
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GCash and PayMaya will start charging fees for online bank transfers starting October 1, 2020.…
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Mar 8, 2025A turnaround for BPI users is to send directly in-app via InstaPay or PESOnet to get around the 1% fee with as low as PHP 25 charge. Last month, GCash implemented a PHP 5 cash-in fee for BPI and UnionBank linked accounts.
Only time would tell if the other popular digital bank/ e-wallet, Maya, will follow suit of these deposit fees. [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. And if you're feeling fancy, go ahead and use PayPal cash-in, which remains free.
Our coverage of Transfer Fee includes: "GoTyme Bank to implement 2 free deposits via linked accounts starting Nov. 15"; "BPI, UnionBank to implement P5 cash-in fee for linked account via GCash"; "GCash, PayMaya to start charging Bank Transfer fees on October 1". Each article provides unique insights and information.