For many Filipinos, sending or transferring money to friends or family is common. Typically, we make this happen by depositing money at the bank. We also usually go to money transfer centers. These are all means that we have been accustomed to, but both take time. The good news is, we can bypass the lines and make the whole process more efficient with the GCash app. What’s more, we can transfer funds for free with GCash.
With a few taps on our screen, the process of how we wire money is streamlined. No more preparing to go out of the house and waiting in queues. And, because we can transfer funds for free with GCash, the app doesn’t just save us time, but also money.
How to Transfer Funds with No Fees
One of the best options to send or transfer money to your loved ones would be GCash-to-Bank because it’s quick and free. Currently, the app has over 30 partner banks, including the major ones: BPI, BDO, Metrobank, UnionBank, Landbank, and PNB, to name a few. The process is pretty easy:
1.Log-in to your GCash app.
2.Click on the “Bank Transfer” icon.
3.Select the bank you want to transfer funds to.
4.Enter your desired amount, account name and number.
5.Then, click on “Send Money”.
You’ll then be redirected to a confirmation screen. Check your phone because you will also be receiving a confirmation message. To transfer funds for free with GCash, it only takes about 10 minutes or less which is far better than going out and waiting in line for an hour.
Other Benefits You Did Not Know About
- New GCash users can transfer as much as P20,000 per day.
- If you keep using the “Bank Transfer” feature, your daily limit will eventually be upgraded to P50,000.
- The service is available 24/7.
- If the receiver doesn’t have a bank account, he or she can go to participating pawnshops, supermarkets, payment facilities such as Bayad Center, and even mall department stores.
Try to Transfer Funds For Free with GCash Today
Currently, the app has over 5 million downloads on the Playstore and Appstore. To transfer funds for free with GCash is just the beginning. With its goal of improving mobile financial services, we can expect more from the app in the coming years.