GCash is a popular mobile wallet in the Philippines that allows users to pay bills, buy load, and transfer money to other GCash users. However, sometimes users may need to transfer money from GCash to their bank account.
In this article, we will guide you through the process of GCash to Bank Transfer and all you need to know.
GCash to Bank Transfer: Step Guide
The following steps will guide you through the process of transferring money from your bank account to your Gcash account:
Step 1: Link Your Bank Account to GCash
The first step in transferring money from GCash to a bank account is to link your bank account to GCash. To do this, go to the “Cash In” section of the GCash app and select “Link a bank account.”
From there, you will be prompted to enter your bank account information, including the bank name, account number, and account holder name. Once you have entered this information, GCash will verify your bank account and link it to your GCash account.
Step 2: Cash In to Your GCash Wallet
Before you can transfer money from GCash to a bank account, you will need to have funds in your GCash wallet. To cash in your GCash wallet, go to the “Cash In” section of the app and select “Bank Transfer.”
From there, you will be prompted to enter the amount you wish to cash in and select the bank account you would like to use. Once you have entered this information, GCash will process the cash in and add the funds to your GCash wallet.
Step 3: Transfer Money from GCash to a Bank Account
Once you have funds in your GCash wallet, you can transfer money to your linked bank account. To do this, go to the “Transfer” section of the GCash app and select “Bank Transfer.”
From there, you will be prompted to enter the amount you wish to transfer and select the bank account you would like to transfer the funds to. Once you have entered this information, GCash will process the transfer and the funds will be deposited into your bank account.
Banks Where You Can Transfer Funds From GCash
Yes, there are several banks in the Philippines where you can transfer funds from Gcash. Some of the banks include:
- BDO (Banco de Oro)
- BPI (Bank of the Philippine Islands)
- PNB (Philippine National Bank)
- RCBC (Rizal Commercial Banking Corporation)
- EastWest Bank
- Security Bank
It is important to note that not all banks may be available for Gcash to bank transfer, and it’s always best to check with the Gcash app for the most updated list of available banks.
Gcash To Bank Transfer Fee 2023
As of 2023, Gcash to bank transfer fee for some banks is free of charge and for other banks, it may charge a small fee. The fee varies depending on the bank you are transferring to and the amount you are transferring. it’s best to check the Gcash app or the official website for the most updated information on Gcash to bank transfer fee.
It is important to note that even though Gcash to bank transfer fee is free, it may be subject to change based on the bank’s policies or the regulations of the central bank. It is always best to check with your bank for their fees and limits before making a transfer.
What Is The Duration Of A Gcash Bank Transfer?
The duration of a Gcash bank transfer can vary depending on the bank you are transferring to. In most cases, Gcash to bank transfers are processed within 24 hours. This means that the money should be credited to the bank account within 24 hours of the transfer being initiated.
However, it’s important to note that some banks may have different processing times for bank transfers. It’s best to check with your bank for their specific processing times and to ensure that the money has been credited to your bank account before making any important transactions.
It is also worth noting that some bank transfers may take longer during weekends and holidays and this could be a factor to consider while you are making a transfer.
How long does it take for the transfer to be completed?
The transfer should be completed within 24 hours.
Are there any fees for transferring money from GCash to a bank account?
Some banks may charge a fee for bank transfers. It is important to check with your bank for their fees and limits before making a transfer.
Can I transfer money from GCash to a bank account outside the Philippines?
No, currently the GCash to bank transfer feature is only available for bank accounts within the Philippines.
Can I transfer money from a bank account to GCash?
Yes, you can transfer money from a bank account to GCash using the “Cash In” feature in the GCash app.
Is there a limit on how much money I can transfer from GCash to a bank account?
Yes, there is a daily limit for bank transfers. You can check the limit by going to the “Cash In” page in the GCash app.
Transferring money from GCash to a bank account is a simple and easy process. By following the steps outlined in this article, you can easily move funds from your GCash wallet to your bank account. This is a great option for users who need to access their funds more quickly or for those who may have reached the withdrawal limit on their GCash account.