how-to-cash-out-gcash

GCash is revolutionizing the way we pay bills and online transactions. Now I will show you how to cash out GCash for free. Yes, no transaction fees.

As a bonus, I have also added guides on how to schedule transfers if you don’t want to get bugged paying bills on a periodic basis. If you want to know how to cash in to GCash, you may check my other post.

Sign up now using my GCash referral code and we can both get P50 upon complete registration. You can download GCash on App Store or Google Play.

 

How to Cash Out GCash thru a Mobile Number

Here’s a step by step guide on how to send money thru GCash account (mobile number). This could only be claimed by recipient once they sign up to GCash.

  1. Log in to GCash on your mobile phone
  2. Tap Send Money
  3. Tap Express Send. You can also use Send With A Clip or Send Ang Pao if you prefer a more fancy way but for this guide, let’s use Express Send
  4. Enter the mobile number of the recipient. You can either tap the Contacts button or enter the mobile number manually
  5. Enter amount. You can tap suggested amounts or enter manually
  6. Tap Next
  7. Type a short message (optional)
  8. Tap Confirm and you’re done
  9. Check Available Balance if it’s already updated

Here’s a Youtube video to see this in action. Follow JuanInvestor on Youtube!

 

How to Withdraw Money from GCash To Any Philippine Bank

I love this feature as it spares me away from going to a bank and deposit over the counter. This saves time and effort.

Related: Ultimate Guide to GCash App

Here’s the step by step guide on how to send money from GCash to any Philippine bank

  1. Login to GCash
  2. Tap Send Money
  3. Tap Send to Bank
  4. Tap the bank to transfer
  5. Enter amount in Php
  6. Enter Account Name and Account Number
  7. Enter email to receive the receipt (optional)
  8. Tap Send Money
  9. Double check the details. Once confirmed, tap Confirm
  10. Tap Ok and check your Available Balance if it’s already updated

Here’s a Youtube video on how to send money to any bank.

 

This is the list of partner banks to send money thru GCash. More than 40 partner banks accepts GCash.

  1. BPI
  2. BDO
  3. MetroBank
  4. LandBank
  5. SecurityBank
  6. UnionBank
  7. PNB
  8. ChinaBank
  9. EastWest Bank
  10. RCBC
  11. UCPB
  12. PSBank
  13. AUB
  14. PBCOM
  15. DBP
  16. AllBank
  17. Bangko Mabuhay
  18. Bank of Commerce
  19. BDO Network Bank
  20. BPI Direct Banko
  21. Cebuana Lhuillier Rural Bank Inc.
  22. China Bank
  23. CTBC Bank
  24. Coins.ph
  25. Dungganon Bank
  26. East West Rural Bank Inc.
  27. Equicom Savings Bank
  28. ING Bank N.V.
  29. ISLA Bank
  30. Malayan Bank Savings and Mortgage Bank
  31. Maybank Philippines Inc.
  32. OmniPay Inc.
  33. Partner Rural Bank (Cotabato) Inc.
  34. PayMaya Philippines Inc.
  35. Philippine Business Bank Inc.
  36. Philippine Trust Company
  37. Philippine Veterans Bank
  38. PNB Savings Bank
  39. Quezon Capital Rural Bank
  40. Robinsons Bank Corporation
  41. Sterling Bank of Asia Inc.
  42. Sun Savings Bank Inc.
  43. UCPB Savings Bank
  44. Wealth Development Bank

How to Save Bank Account in GCash (for Scheduled Transfers)

This is a prerequisite if you want a smoother transaction. Here’s a step by step guide on how to save a bank account.

  1. Log in to Gcash
  2. Tap Send Money
  3. Tap Add Account
  4. Select the bank
  5. Enter Nickname of bank account
  6. Enter Account Name and Account Number of recipient
  7. Enter email for the confirmation receipt (optional)
  8. Tap Done. Tap Next
  9. Double check the details and tap Confirm
  10. Tap Ok and you’re done
  11. Check if the saved bank account is reflected

Embedding this Youtube video if you prefer the on-screen tutorials.

 

Once you save a bank account, you no longer need to enter the transaction details of recipient such as account name and account number as well as your confirmation email. You just need to tap the saved bank account, no manual entering of information again and you’re done.

Related: How to Open a BPI Account Online in 2021

How To Edit A Bank Account In GCash

If you want to change details of your saved bank account, say an account number is misspelled, then you can follow these steps.

  1. Log in to GCash
  2. Tap Bank Transfer
  3. Tap the saved bank account that you want to edit
  4. Tap Update
  5. Edit the detail(s) that you want to update
  6. Tap Confirm and you’re done

How To Remove Saved Bank Account In GCash

If for some reason you no longer want a saved bank account, then you can delete it instantly through these steps.

  1. Log in to GCash
  2. Tap Bank Transfer
  3. Tap the saved bank account that you want to delete
  4. Tap Update
  5. Tap Delete
  6. On the pop up message, tap Remove to confirm account deletion
  7. Tap Ok and you’re done

How To Schedule Money Transfer To Any Bank Thru GCash

If you want to save your time doing periodic money transfer, say every month for rent or your child’s allowance, then this is for you.

GCash has now added this set-and-forget system so you can focus more on things that matter and steer away from trivial tasks like paying expenses.

Here’s a step by step guide on how to create scheduled transfers.

  1. Log in to GCash
  2. Tap Bank Transfer
  3. Tap the Saved Bank Account that you want to create a scheduled transfer
  4. Under Create Scheduled Transfers, tap Add New Schedule
  5. Select the desired period: Week or Month
  6. On Repeat Every dropdown, select the desired frequency
  7. Enter amount
  8. Tap Next
  9. Double check and tap Confirm
  10. Tap Okay and you’re done

I created a Youtube video for this tutorial.

Conclusion

GCash is my ultimate companion app. I really appreciate that they’re not charging for any transaction fees: either cash in or cash out. This is phenomenal and I am hoping that they would continue doing this.

Some tech startup offers a free service just for the sake of acquiring more users. But when the user base grows, the free service turns into a paid service.

Related: Withdraw Funds from Payoneer to GCash

What do you think about GCash? Is it going to be free forever or not?

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Paul DabucoAuthor
Paul Dabuco is the author of Juan Investor. He’s passionate about investing and digital marketing. When he’s not blogging he’s either tinkering on his clients’ Facebook ads or beachbumming.

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One Comment

  1. Paul Dabuco 08/09/2021 at 18:01 - Reply

    GCash is now the all-in-one pandemic app! It is a must-have for every Filipino.

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