GCash to charge P15 per for fund transfer to banks

Heads up GCash users! Money transfers to bank accounts are no longer free come October.

The Globe-powered e-wallet announced that transfers from GCash to bank accounts would be charged a fee of P15 starting October 1, as it moves in sync with other financial institutions after months of quarantine.

Meanwhile, transfers from select banks to GCash wallets will also be charged as much as P50 per transaction if done via InstaPay.

BDO, BPI, and Metrobank are among the lenders that will resume interbank charges starting next month.

Meanwhile, all GCash-to-GCash send money transactions will remain free.

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