GCash Services With and Without Fees

GCash recently announced that it will start charging fees for its online bank transfers starting October 1, 2020. If you’re wondering what other GCash services are charged with fees, take a look below:

No charges

• Cash In Online (via linked BPI, UnionBank, Paypal & Payoneer
• Cash In Over-The-Counter (up to PHP 8K every month)
• Send Money (to any GCash account)
• GCredit (Interest fee depends on loan amount)
• International Remittance (receiving from Western Union, MoneyGram, Alipay HK & more)
• Buy Load
• Pay Bills
• Save Money
• GCash Insure
• Pay QR
• Shop Online
• KKB
• Request Money
• Book Movies

With Fees

• Cash In Over-The-Counter: 2% fee for more than PHP 8K
• Bank Transfer: PHP 15USD 0.26INR 22EUR 0.24CNY 2 per transaction effective October 1, 2020
• Cash Out Withdrawal:
o PHP 20USD 0.34INR 29EUR 0.32CNY 2 via Mastercard
o PHP 20USD 0.34INR 29EUR 0.32CNY 2 / PHP 1,000USD 17INR 1,445EUR 16CNY 124 for Over-The-Counter

And there you have it. So far, only three GCash services charge fees, so better keep these in mind before you make a transaction.

Source: GCash 11