How to transfer from GCash to GoTyme for free?

How to transfer from GCash to GoTyme for free: 500k limit

How to transfer from GCash to GoTyme for free avoids InstaPay fees. Use the GSave feature within GCash for instant transfers without charges. Transferring from GCash to GoTyme directly incurs a fee, but this workaround eliminates it. This method saves you money and allows large daily movements safely.

How to Transfer from GCash to GoTyme Bank for Free

There isnt just one way to move your funds cost-effectively. You can use the Indirect Transfer via GSave (CIMB) method, which is completely free, or use a Direct InstaPay Transfer, which may have a fee depending on the banks current policy. The most reliable free method involves linking your GCash to a CIMB bank account via GSave.

Why use GSave (CIMB) over direct transfer?

Many Filipino users face a hidden fee when transferring directly from GCash to GoTyme because GCash charges a small percentage (roughly 0.5% of the transaction amount) for bank transfers. However, by using the GSave feature, you essentially use a traditional bank account as a bridge. This method has been a go-to zero-cost solution for years because moving funds from GCash to GSave, and then from CIMB to GoTyme, is usually free of charge.

Method 1: The Zero-Cost GSave by CIMB Method (Step-by-Step)

This is the most reliable free method. It requires you to access your GSave (CIMB) account, which is accessible via GCash. Here is the detailed breakdown:

Step 1: Activate your GSave Account. Open the GCash app, go to the Dashboard, and look for GSave. If you haven’t activated it yet, select CIMB Bank as your partner and sign up. It takes less than 2 minutes and requires no initial deposit.

Step 2: Move funds from GCash to GSave. Tap Deposit on your GSave dashboard. Enter the amount you want to transfer to GoTyme. This transaction is instant and free. There is a withdrawal limit of PHP 500,000 per day from GSave, ^[1] so you can move large amounts safely.

Step 3: Transfer funds to GoTyme via the CIMB App. Download and log in to the CIMB Bank PH app. Navigate to Transfer Money and select InstaPay as the transfer type. Choose GoTyme Bank as the destination bank. Enter the amount and confirm the transaction.

Method 2: Direct InstaPay Transfer (Instant but will cost you)

This method is direct and uses the standard InstaPay network. It is useful for small, urgent transfers where you dont mind paying a small fee for the sake of convenience.

Step 1: Initiate the Transfer. Open the GCash app and tap Send Money or Transfer. Select Bank Transfer and search for GoTyme Bank.

Step 2: Enter Details. Enter the recipients GoTyme Bank account number and name. Double-check the spelling to avoid failed transactions. Enter the amount (capped at PHP 50,000 per transaction per InstaPay limits).

Step 3: Confirm the Fee. Before confirming, the app will display the total amount, including the service fee. For standard GCash wallets, the fee for a bank transfer is often around PHP 5-15 depending on the amount and current promo.

Which Method Should You Choose? (Comparison)

Choosing between the indirect and direct method depends on your specific situation. The free method takes slightly longer because you have to switch apps, but it saves you money. The direct method is instant but costs a fee.

GCash to GoTyme Transfer Methods Comparison

Indirect (GSave -> CIMB -> GoTyme)

1. Takes 2-5 minutes, requires switching between GCash and CIMB apps.
2. Must have an active GSave (CIMB) account linked to your GCash.
3. 0 PHP. Completely free from GCash to GSave, and CIMB to GoTyme is also free.
4. Sending larger amounts (up to PHP 500,000 daily) without incurring any fees.

Direct (InstaPay via GCash)

1. Instant. Funds reflect in GoTyme within seconds.
2. Only a GCash app and a GoTyme account number.
3. Varies from PHP 0 (promo) to PHP 15 (standard GCash fee).
4. Sending small, urgent amounts when you are away from home and need money immediately.

Mark's Story: How I saved PHP 450 in transfer fees

Mark, a freelancer from Cebu, pays his bills and sends money to his savings account in GoTyme regularly. He previously used the Direct InstaPay transfer weekly, paying around PHP 15 each time.

This added up to roughly PHP 60 a month, or PHP 720 a year. He decided to try the GSave method after reading about it online.

He opened a GSave account in GCash (took 1 minute) and deposited PHP 15,000. Then, he opened the CIMB App and transferred the money to GoTyme Instantly.

Mark now uses this method exclusively. He estimates he has saved over PHP 450 in just six months, funds that he now uses for his internet bill instead.