Attention GCash Users: You Will Soon Be Charged for Cashing In via These Banks
Yes, even if it's a linked account.
(SPOT.ph) UPDATE: Is your BPI or Unionbank account linked to GCash for easier cash in? Here's some unfortunate news: Our days of free cash-in will soon be over as the e-wallet said there would be a convenience fee for every transaction starting October 2, 2023.
Also read: These Banks Waived InstaPay Fees for Transfers Worth P1,000 and Below
What we know about the upcoming GCash cash in fees for linked accounts
GCash users who will cash in from these two banks will soon be charged P5 convenience fee per transaction, according to an advisory shown at the Cash In page in the e-wallet app.
GCash cited "increasing costs" as the reason behind the charge.
While P5 is still P5, it's relatively cheaper compared to cashing in through other banks, like Bank of Commerce which charges P15 for every successful transaction and BDO which charges P25 per successful transaction.