In the past, GCash has waived the fees for several of their services. However, there has been recent changes where some services will soon have fees.
GCash Fees for Reference
Please use this as your reference to know more what actions or activities are free and which of those have fees. The rows in red have fees.
| Activity | Fee |
|---|---|
| Cash In Online via linked BPI, Unionbank, Paypal or Payoneer | Free |
| Cash In Over-the-counter (from 0 to 8000 per month) | Free |
| Cash In Over-the-counter (more than 8000 per month) | Two percent (2%) |
| Send Money To any Gcash Account | Free |
| Send Money to Bank Bank Transfer | PHP 15 per transaction (starting October 1, 2020) |
| Cash Out via ATM / Mastercard | PHP 20 |
| Cash Out Over-The-Counter | PHP 20 per PHP 1000 |
| GCredit | Free (interest fee depends on loan amount) |
| International Remittance | Free |
| Buy Load | Free |
| Pay Bills | Free |
| Save Money | Free |
| GCash Insure | Free |
| Pay QR | Free |
| Shop Online | Free |
| KKB | Free |
| Request Money | Free |
| Book Movies | Free |
As you can see, most of the services are still free.
Alternatives to avoid the fees
Cash-in of more than PHP 8000 per month
If there’s a BPI branch near your location then I would suggest that you open an account there. BPI to GCash, once linked, have no fees for cash-in. The same can be said for Unionbank as they also do not have fees for Unionbank to GCash cashin.
Send Money to Bank / Bank Transfer
This one is unavoidable I guess. Instapay and Pesonet really does have fees and it was only temporarily free. At PHP 15, it is cheaper than other banks such as BPI which charge PHP 50 per transaction.
Just think of it as your convenience fee where you don’t have to physically go to a bank. You avoid the travelling, the falling in line and you save time.
Cash-Out / Withdrawals
Similar to Bank Transfer where I believe it is unavoidable as GCash (G-XChange) is like a separate bank. It is the same concept when you withdraw money from a different bank’s ATM machine. Perhaps in the future, we would see GCash having their own ATM Machines?
Join GCash
GCash has been very useful to me as I use it to do bank transfers, pay for online shopping and even earn 3% per annum on their savings account. You are missing out if you haven’t joined.
I’ve shared PHP 70 worth of freebies for you to try it out. Just click the link on your PC or mobile to join. https://gcsh.app/r/5XFRAEB