Transfer Money from GCash to 30+ Banks for Free - TeknoGadyet
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Sunday, November 4, 2018

Transfer Money from GCash to 30+ Banks for Free

GCash, Philippines' leading mobile wallet service provider, shakes up the fintech industry by letting the customers say goodbye to transfer fund fees. Time could be spent more productively than wasting time in line in backs because GCash now lets their users transfer funds from their GCash account to 30+ partner banks without any added fees. 

Transfer Money from GCash to 30+ Banks for Free
Transfer Money from GCash to 30+ Banks for Free

With just a few clicks on the GCash app, customer's funds from their GCash wallets are ready to be transferred to participating banks (BPI, BDO, MetroBank and more) within a few seconds. Customers only need to know the account name, account number of the recipient and fast internet connection. Unlike other micropayment services, GCash will not charge a convenience fee when transferring funds to banks.

"This new technology from GCash and the Bangko Sentral ng Pilipinas allows customers to enjoy the freedom of being able to transfer funds conveniently with just their smartphone,"- Anthony Thomas, President and CEO of Mynt. 

Instapay, a system developed by Bangko Sentral ng Pilipinas under National Retail Payment System (NRPS), was created to centralize all forms of electronic payments into an automated clearing house (ACH). This system allows electronic payments provider, like GCash, have quick and uninterrupted inter-network transactions with financial institutions and other electronic money users.

See Also: Pay through GCash at Tong Yang Plus in SM North EDSA

Enjoy more perks and discounts with GCash! To set-up a GCash account, simply download the GCash app via Apple Store or Play Store for free. Also, it is not just for Globe Telecom users, but for all using Facebook Messenger.

Funding GCash account is so easy and convenient because customers can cash-in via  local Mastercard or VISA debit cards, InstaPay from bank apps that have the service available, and direct bank deposits with preferred banks. Furthermore, customers can cash-in at 16,000 GCash Partner Outlets which includes 7-Eleven, SM Business Centers, Robinsons Business Centers, Puregold branches, and Villarica Pawnshop branches. Like transferring funds to banks, cash-ins for GCash accounts via GCash Partner Outlets is for free.

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