GCash said its cash-in fees will remain unchanged through the 2021 holiday season, so you budget for fee transfers should hold.
Cash-In, or loading GCash in-app, is free for BPI and Unionbank. For other banks that cash into GCash via Instapay, the fees vary per lender.
For over-the-counter cash-ins, they're free up to P8,000 per month, after which a 2% service applies, which will be deducted to the user's GCash wallet.
"We dont foresee any changes in the fees unless theres a big change in the competitive environment or the cost to it. Right now, fees are so far stable" said Martha Sazon, CEO of GCash parent Mynt.
Here's how the P8,000 threshold for free over-the-counter cash-in's work, according to GCash:
Here's a list of over-the-counter cash-in points where the fees apply.
