What’s the Cheapest Way to Cash in On GCash?
Some cash-in methods have no fees.
(SPOT.ph) You must have a cash in preference for GCash by now. Clicking on this article might mean you're not very happy with it. If you're looking to maximize your money, it's essential to know which cash-in methods are the most cost-effective. P5 might seem small and insignificant now, but it accumulates in the long run.
GCash offers various methods for users to cash in on its mobile app. However, not all methods are created equal. Some are free, while others come with fees.
Here's a breakdown of the fees associated with different cash-in methods.
Also read: GUIDE: How to Cash Out from GCash
List of GCash cash in fees for every method
Cash in via online banking
You might have enjoyed free cash ins from BPI or UnionBank in the past years, but we bring bad news: GCash will start to charge a convenience fee for every transaction starting October 2.
- BPI: PHP 5 fee per transaction.
- UnionBank: PHP 5 fee per transaction.
For other banks, InstaPay fees will vary from P1 to P50. GCash is partnered with over 40 banks, with each bank having its own service fee for using InstaPay. It's recommended to check with your specific bank for exact fees.
- PayPal: Cashing in via PayPal is free of charge.
Cash in over the counter
- Puregold
- Savemore
- SM Hypermarket
- SM Supermarket
- SM
- Robinsons
- TouchPay
- eTap / Pay & Go
- Shell Select
For example: If you've already cashed in P7,000 in a month and then cash in an additional P1,100, only the P100 that exceeds the P8,000 limit will be subject to the 2% fee. This results in a P2 service fee, which is automatically deducted from the amount you add to your GCash wallet.
This monthly limit resets on the first day of each month.
Cash in via remittance
Receiving remittances on the GCash app is entirely free for the following partners:
Pawnshop
- Cebuana Lhuillier
- Villarica
- Tambunting
- Palawan Pawnshop
- Globe Store
- Bayad Center
- ECPay
- Western Union (selected branches)
- Digipay
- PERA HUB
- TrueMoney
- Posible
- GrowSari
- 7-Eleven
- LBC Express
Also read: You Can Now Use GCash in the U.S., Canada, Japan, Australia, and the UK