GCash Delays Charging of Bank Transfer Fee

GCash has announced on their website that they have moved the date of the implementation of fees for bank transfers. It was initially scheduled to start on October 1, 2020 and it was moved to November 1, 2020. Thus, beginning next month a PHP 15.00 fee will be charged per transaction.

“Starting November 1, 2020, a PHP15 fee will be charged per transaction,” stated in the website of GCash. 

Furthermore, the GCash Bank Transfer service allows users to transfer funds from their GCash wallet to their selected bank accounts without the hassle of lining up for hours.

Partner Banks of GCash

Here’s the list of the partner banks of GCash:

1. Allbank (A Thrift Bank), Inc.
2. Asia United Bank Corporation
3. Bangko Mabuhay (A Rural Bank), Inc.
4. Bank of the Philippine Islands
5. BDO Network Bank
6. BDO Unibank, Inc.
7. BPI Direct BanKO, Inc., A Savings Bank
8. Bank of Commerce
9. CTBC Bank (Philippines) Corporation
10. Cebuana Lhuillier Rural Bank, Inc.
11. China Bank Savings, Inc.
12. China Banking Corporation
13. DCPay Philippines Inc.
14. Dungganon Bank (A Microfinance Rural Bank), Inc.
15. Development Bank of the Philippines
16. East West Rural Bank, Inc.
17. East West Banking Corporation
18. Equicom Savings Bank, Inc.
19. G-Xchange, Inc.
20. ING Bank N.V.
21. ISLA Bank (A Thrift Bank), Inc.
22. Land Bank of the Philippines
23. Malayan Bank Savings and Mortgage Bank, Inc.
24. Maybank Philippines, Inc.
25. Metropolitan Bank and Trust Company
26. OmniPay, Inc.
27. PayMaya Philippines, Inc.
28. Philippine Business Bank, Inc., A Savings Bank (PBB)
29. Philippine Veterans Bank
30. Partner Rural Bank (Cotabato), Inc.
31. Philippine Bank of Communications
32. Philippine National Bank (PNB)
33. PNB Savings Bank
34. Philippine Savings Bank (PSBank)
35. Philippine Trust Company
36. Quezon Capital Rural Bank, Inc.
37. Rizal Commercial Banking Corporation
38. Robinsons Bank Corporation
39. Sterling Bank of Asia, Inc. (A Savings Bank)
40. Security Bank Corporation
41. Sun Savings Bank, Inc.
42. UCPB Savings Bank
43. Union Bank of the Philippines
44. United Coconut Planters Bank
45. Wealth Development Bank Corporation

GCash Services With and Without Charges

To check the services of GCash with fees and no charges, click HERE.

Source: GCash,  GCash Bank Transfer

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