List of GCash Cash Out Fee Depending on Mode
GCASH CASH OUT FEE – Here is a guide on how much you may be charged if you will cash out via over-the-counter or automated teller machines (ATMs).
Many people now prefer virtual wallets. Most of these individuals are business owners who usually accept payments through these virtual wallets or make payments for the order of their materials through these online wallets as well.
Also, most online shoppers are into using virtual wallets. It can pave the way for a smoother and faster transaction most especially with someone who is miles away. In the Philippines, GCash is one of the most popular virtual wallets.
Thousands if not millions of Filipinos own an account in GCash which is operated by Mynt, a partnership of Globe Telecom, the Ayala Corporation, and the Ant Financial. Many GCash holders have even requested for a physical card and has used their accounts not only for payment purposes but as well as for saving purposes.
Like in other venues, there are also a fees in utilizing GCash. Among these fees are the GCash Cash In fee, the amount you pay for when you deposit money to your virtual wallet, and the GCash Cash Out fee, the amount charged if you will withdraw money from your account.
With regards to the GCash Cash Out fee, it depends if you will withdraw your money by sending it to a bank account, through the GCash Mastercard, or via an over-the-counter mode.
via Bank Account
Based on an article on Pinoy Adventurista, if you will cash out your money through a bank account, you will be charged P15 as convenience fee.
via GCash Mastercard
A lot of individuals used GCash Mastercard in cashing out. Based on the article, the withdrawal fee may range between P12 to P18 depending on the amount of the money to be cashed out.
via Over-the-Counter
A withdrawal fee of 2% will be charged in cashing out through an over-the-counter partner outlet of GCash. If you will cash out P3000, you will be charged P60.
You may also read – GCash Value Reaches $2 Billion, Would It Set Up Its Own Digital Bank?
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