GCash users can now send money to over 30 banks and e-money issuers (EMI) for free. The popular e-wallet service became even more versatile thanks to its partner, instaPay.
For those not familiar, instaPay is an initiative led by the Bangko Sentral ng Pilipinas (BSP) under the National Retail Payments System framework. The service allows the transfer of funds between peso accounts of participating BSP-supervised banks and e-money issuers in the Philippines.
The partnership enables GCash users to instantly transfer money from one bank or e-money account to another bank or e-money account using a smartphone. The transaction is fee, and money is received in real time.
Which banks can I send money to using GCash?
Sending money from a GCash account to a bank is fast, simple, and easy. To do this, all one needs is a smartphone, a GCash account with funds, and the bank/account details of the person you’re sending money to. That’s it.
Here’s a list of banks and EMIs that GCash can send money to:
Loading GCash through mobile banking apps
Thanks to instaPay, you can also cash-in or load your GCash account with over 35 participating banks. Just go to your favorite mobile banking app to do the transfer. Each participating bank has their own way of doing this, so be sure to ask them how before you proceed.
Here is the list of banks that you can use to load your GCash account:
You can also cash-in or load your GCash account in over 16,000 GCash partner outlets nationwide. This includes 7-11, SM Business Centers, Robinsons Business Centers, Puregold branches, and Villarica Pawnshops. Cashing-in your GCash is free.
The GCash app is free to download from the App Store or from Google Play. It is network agnostic — meaning it can be used in any network in the Philippines.