Online transactions boomed during this quarantine as consumers loaded up their digital wallets. GCash and PayMaya had free cash-ins and bank transfers earlier this year to provide relief to users, but some of those fees have since returned.
ALSO READ: GCash Transfer Fees Moved to Nov. 1 in Relief to Users
Still don't know which transactions are free and which ones come with a price?
Here's a list of GCash and PayMaya transaction and cash in fees:
GCash fees
Cash-in
Free
- BPI
- UnionBank
- Paypal
- Payoneer
Free until end of year
- Eastwest Bank
Free until further notice
- AUB
- Landbank
- Maybank
- UCPB
- Security Bank
- PSBank
- PNB
One-peso fee
- PBCOM
With transaction fee
- BDO
- Metrobank
- RCBC
Users can cash in up to P8,000 per month over the counter for free. Anything more will be charged a 2% transaction fee.
Cash-outs
Mastercard cash-outs and withdrawals are charged an extra P20. Over-the-counter cash-outs can be charged anywhere from P20 up to to P1,000, depending on the amount cashed out.
GCash to GCash transfers are still free of charge. Services such as buying load, splitting the bill, paying via QR code, paying for your online shopping, requesting and saving money, and booking movies can be done on the GCash app for free.
PayMaya
Cash-in
Free
- BPI
Free until end of year
- AUB
- Landbank
- Maybank
- UCPB
- Security Bank
- PSBank
- PNB
Free until further notice
- Ministop
- AUB
- Landbank
- Maybank
- UCPB
- Security Bank
- PSBank
- PNB
- Unionbank
- EastWest Bank
One-peso fee
- PBCOM
With transaction fee
- BDO
- Metrobank
- RCBC
With transaction fee (over-the-counter)
- For a full list of over-the-counter Add Money partners charging transaction fees, check the PayMaya website
PayMaya users have a P10,000 monthly threshold which applies only to over-the-counter cash-in transactions. Anything beyond that amount will be charged a 1% transaction fee.
According to the PayMaya website, those who have not reached their monthly cash-in limit will be refunded the convenience fee.
Other banks and services
Adding money via InstaPay and PESONet will follow the bank's charges. Bank transfers, Western Union, and Smart Padala partner transactions will also be charged a corresponding fee.
PayMaya to PayMaya transactions are free. Billers may charge transaction fees for bills payment done in-app.
ALSO READ: PayMaya and BPI Too, Why Are Transfer Fees All Coming Back on Oct. 1?