GCash Cash In Cash Out Fee
Welcome to the digital money world! It’s like where easy meets money smartness. And guess what? GCash is like a superhero for handling your money in a super easy way.
Now, let’s talk about something important: the GCash Cash In Cash Out Fee. It’s like the money superhero’s rulebook for putting in or taking out your money. Understanding this fee thing is key to knowing how much it costs when you put in or take out your cash.
In simple words, the GCash Cash In GCash Cash Out Fee is like the price tag for using your digital wallet. It decides how much money Superhero GCash charges you when you add or take out your cash. So, let’s get into it and make this money-superhero stuff easy to understand.
The Complete GCash Fees Tables
Cash-in and cash-out
| Product | Description | Amount |
|---|---|---|
| Cash-in: Over-the-Counter | Cash-in fees | Free for the first Php 8,000, then 2% after every month |
| Cash-in: Over the Counter (7-Eleven) | Cash-in fees | 1% of the total cash-in amount Note: This fee applies first, and if applicable, fees for over-the-counter cash-in apply next. |
| Cash-in: Using Other Bank App | Cash-in fees via the other bank’s Banking App (Instapay or PayPal) | The amount varies from FREE to Php 50 per transaction (BSP Fee List) |
| Cash-in: Over-the-Counter | Cash-out fees via over-the-counter outlets (Puregold, Robinson’s, Cebuana, etc) | Php 20 per Php 1000 withdrawn or 2% |
| Cash-out: GCash Cards | Cash-out: over-the-counter | Php 10 – Php 18 per withdrawal (depending on ATM) |
| Cash-out: GCash Cards | Cash-out fees using GCash Card in International ATMs | Php 150 per withdrawal |
| Cash-out: -GCash Cards | Cash Card Purchase fees | Php 150 per card; Php 60 for the delivery fee (if delivered) |
Some free alternatives for cashing in
- To add money to your GCash account using BPI or UnionBank in the app, remember there’s a Php 5 charge for each deposit until October 2, 2023.
- You can also put money into your GCash wallet from partner banks like GSave. And if you don’t want to pay any extra fees, think about using Instapay Send or PesoNet Send for transferring money between banks.
- Another way is to use the CIMB app to add money and then move it to your GCash wallet with GSave. UNO is another app you can use for this.
- If you know someone with a GCash account, they can help you out by sending money straight to your account.
Some free alternatives for cashing out
- Put money into your GCash by sending it to a GSave partner bank like CIMB. If you need to, take out the money from a GSave bank ATM.
- If you have a buddy who uses GCash, you can ask them to help you out. Send money to them, and they can give you the cash in person.
Send Money and Pay Bills
| Product Description | Amount |
|---|---|
| Send Money: Bank Transfer | Bank Transfer to Other Banks using InstaPay: Php 15 per transfer |
| Send Money—Padala | Sender Fees: Php 5 for Php 500; 1.5% if greater than Php 500 and less than Php 5000 |
| Pay Bills | Biller Fees: Php 7 – Php 60 or 2%, depending on the biller |
Some free alternatives for Bank Transfer
- Start by adding money to your GSave account using CIMB. Next, in the CIMB app, send the money to your linked bank account using DragonPay or PESONet.
- Or, you can put money in your GSave account with UNO. Then, in the UNO app, send the money to your linked bank account using InstaPay.
Some free alternatives for GCash Padala
- Make a GCash account to get money sent straight to it.
- If you’ve got a friend who uses GCash, ask them for help. They can have the person send money using the Send/Receive Money thing, and then they can hand you the cash in person.
Buy Load and Borrow Load
| Product Description | Amount |
|---|---|
| Buy Load: SMART Products | Convenience fee of 2% for regular loads; Php 1-2 for loads valued at Php 100 or more |
| Borrow Load | Penalty Fees of Php 1-2, depending on the amount of load borrowed |
Read this: How to Change Name in GCash
GCredit, GLoan, and GGives
| Product | Description | Amount |
| GCredit | Penalty Fees | Php 200 (1–30 days) Php 500 (31–60 days) Php 900 (61–90 days) Php 1500 (>90 days) |
| GLoan | Lending Fee | 3% of the loan amount, once availed |
| GLoan/GGives | Penalty Fees | Fixed Php 100 + 0.15% of the Principal Loan Amount per unpaid day |
GInsure and Others
| Product Description | Amount |
|---|---|
| GInsure: Bill Protect | Insurance Coverage: 0.92% of the bill amount |
| General Balance Inquiry | Fee: Ranges from Php 0 to Php 2.50, depending on the ATM used |
| General: Dormancy Fee | Fee: Php 50 charged every 10th day of the month |
FAQs
Is it necessary to pay a fee for cashing in and cashing out with GCash?
Yes, there are fees for putting money in and taking money out with GCash. The exact amount depends on how you do it and some other stuff.
How can I find the exact fees for my GCash transactions?
To find out exactly how much you’ll be charged, check out the GCash app. It has all the details about the fees for different ways of doing things.
Can I reduce the fees for cashing in and cashing out with GCash?
You can pay less in fees by picking the cheapest way to do things and being careful about how much money you’re moving around.
What are the advantages of using GCash for cashless transactions?
Using GCash is easy and safe, plus you get perks like getting money back and discounts when you use it to pay for stuff.
Are there any hidden fees with GCash transactions?
GCash is clear about its fees, so there are no secret charges. You’ll always know exactly how much you’re paying for your transactions.
Can I trust GCash with my financial transactions?
GCash is a reliable digital wallet in the Philippines, watched over by the Bangko Sentral ng Pilipinas (BSP). It keeps your money safe with strong security measures.
Conclusion
In the digital money world, understanding the GCash Cash In Cash Out Fee is super important. It helps you make smart choices, get the most out of GCash, and enjoy its easy features. Keep in the loop about the fees, pick the best ways to do things, and you’ll have a smooth and cheap time with GCash.
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