How to Avoid Paying Gcash-to-Bank Convenience Fees
How to Avoid Paying Gcash-to-Bank Convenience Fees | Since October, there is now a fee for Gcash-to-Bank transfers at P15. It’s a shame that we now have to pay a convenience fee, but it’s a small price most of us are willing to pay to avoid queues, exposure, and other hassles associated to going to your bank’s branch.
But if you’re a savvy consumer like me, you would probably find ways to save money and possibly bypass or circumvent the fee. Can it be done?
How to Have Bypass Gcash-to-Bank Transfer Fees?
There are some hacks on how to bypass or to circumvent fees, here are some tips and tricks we have found:
- Hack 1 – Gcash to GSave (CIMB). CIMB to any bank transfer is free.
- Hack 2 -Gcash via BPI and Unionbank cash in remain free, but bank transfer has a fee already.
Pls take note of other fees you may encounter:
| Product | Fee Description | Fee Amount |
| Cash in | via linked bank account in the GCash app (BPI and Unionbank) | FREE |
| via bank’s mobile banking app. Fees depend on bank partners. View partner list here. | Php0 to Php50 | |
| via remittance in the GCash app (Moneygram, WU) | FREE | |
| via Over-The-Counter outlets will have a fee once users exceed the monthly free limit of Php8,000. View fee breakdowns here. | 2% | |
| Cash out | via Over-The-Counter outlets is charged with a withdrawal fee. View partner list here. | 2% *Applies only to loaded amount beyond Php8,000 monthly |
| via ATM withdrawal fee *First two withdrawals are free for enterprise accounts | Php20 | |
| via ATM Withdrawal fee (International) | Php150 | |
| GCash Mastercard | Offline Card Purchase | Php150 |
| Online Card Purchase. Order here now. *Php65 delivery fee | Php215 | |
| GCredit | The interest charged for the total credit purchased within the billing period. | 3-5% |
| Penalty fee for users who have not paid their total amount due 1-30 days after its due date. | Php200 | |
| Penalty fee for users who have not paid their total amount due 31-60 days after its due date. | Php500 | |
| Penalty fee for users who have not paid their total amount due 61-90 days after its due date. | Php900 | |
| Penalty fee for users who have not paid their total amount due 90 days onwards after its due date. | Php1500 | |
| Pay Bills | Billers with fixed fees *Please refer to app for actual fees per biller | Php0 to Php60 |
| Billers with percentage-based fees *Please refer to app for actual fees per biller | 2% | |
| Send Money | via Express Send | FREE |
| via Bank Transfer *Fees effective starting November 1, 2020 | Php15 | |
| via Send with a Clip | FREE | |
| via Ang Pao | FREE | |
| Request Money | via Request Money or KKB | FREE |
| General Account | Balance Inquiry via ATM | Php3 |
| Balance Inquiry via ATM (International) | Php50 | |
| Dormancy fee | Php50 |
Do you have other Gcash and personal finance hacks you want to share with us? We would love to know how you could save some money with your hacks!
Get to know more information on other Gcash products:
Also Read: Top Finance Apps in the Philippines
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