Which banks offer free transfers to GCash?

Banks Providing Free Transfers to GCash

GCash, the leading mobile wallet in the Philippines, offers users a convenient way to send and receive funds. Several banks have previously offered free transfers to GCash, allowing customers to easily move funds between their bank accounts and GCash wallets.

However, recent changes and fee implementations from certain institutions have impacted the availability of free transfers. It is important to note that banks’ policies regarding GCash transfers may change over time.

Current Bank Policies

• CIMB: CIMB continues to offer free transfers to GCash for all its customers, up to a monthly limit of ₱50,000.
• BPI: BPI recently announced a transaction fee of ₱25 for interbank transfers to GCash and other digital wallets. This fee applies to all BPI account holders.

It is highly recommended to check directly with your bank for the most up-to-date information on their GCash transfer policies. Banks may offer different fee structures and transfer limits based on account type or other factors.

Alternatives to Free Transfers

If you are looking for alternative ways to transfer funds to GCash without incurring fees, consider the following options:

• GCash Direct Transfer from Other GCash Users: Send money from another GCash user’s GCash wallet to your own without transaction fees.
• Cash-in at GCash Outlets: Visit designated GCash loading stations or partner outlets to add funds to your GCash wallet.
• Electronic Fund Transfer (EFT): Transfer funds from your bank account to GCash through EFT, which may incur a small fee depending on the bank.

Conclusion

While some banks have implemented fees for GCash transfers, CIMB still offers free transfers up to a certain monthly limit. To ensure you have the most accurate information, always consult directly with your bank for their current transfer policies. By exploring alternative transfer options, you can conveniently manage your finances and enjoy the benefits of using GCash.