Last Updated on 07/24/2020 by FilipiKnow
After creating and verifying your GCash account, it’s now time to fund your mobile wallet so you can start using its services. In this guide, you’ll learn how to load GCash through a channel that is most convenient for you.
Related Article: How to Use GCash in the Philippines: An Ultimate Guide
Table of Contents
- How much can you cash-in to your GCash wallet?
- Is there a transaction fee every time you cash-in?
- How to Load GCash: What are the different ways to fund your mobile wallet?
- 1. How to Load GCash via the GCash app.
- 2. How to Load GCash via GCash Partner Outlets.
How much can you cash-in to your GCash wallet?
In GCash lingo, “cash-in” means loading or funding your GCash account. In other words, you’re converting your regular cash into GCash so you can finally use it in your online or offline transactions.
Assuming that you’ve completed the account verification (also known as “Know Your Customer” or KYC), your monthly cash-in limit is now increased to Php 100,000. By contrast, unverified GCash users can only cash-in up to Php 40,000 a month.
Meanwhile, PowerPay+ employees have the highest maximum monthly cash-in limit of Php 500,000.
Update: As of June 2020, regular GCash users with fully-verified accounts can now increase their wallet limits from Php 100,000 to Php 500,0001 by linking any of the following to their GCash wallets:
- Any locally-issued, Mastercard/Visa-enabled debit card
To link any of the above to your GCash wallet, simply open your mobile app and then click the hamburger icon on the left topmost corner of the screen. Tap My Linked Accounts and then select BPI, Unionbank, or My Bank Cards. Follow the instructions and provide all the information required in linking your accounts.
You should receive a notification via text message that your wallet limit has increased.
Take note that the following won’t increase your wallet limit if you link them to your GCash account:
- GCash Mastercard
- American Express Virtual Pay card
In summary, the table below shows how much your GCash wallet limit will increase if you link them to the aforementioned bank account or debit card:
Is there a transaction fee every time you cash-in?
It depends on the cash-in channel you use to fund your GCash wallet.
Cashing in is free if you do it via BPI or UnionBank account linked to your GCash wallet. Other banks can also be used to cash in through Instapay but they come with service fees that vary per bank.
Starting July 6, 2020, loading your GCash wallet via bank card (Mastercard/Visa) will now incur a convenience fee of 2.58%2. This is due to the direct charges from the mobile app’s payment partners. Therefore, if you’ll use Cash In via Bank Card to load your wallet with Php 100, for example, the total amount that will be deducted from your source account is Php 102.58.
Meanwhile, over-the-counter cash-in transactions are free in Gcash partner outlets but only for Php 8,000 every month. Once you’ve reached this monthly limit, you’ll be paying a 2% service fee each time you cash in throughout your succeeding transactions. For more information about the latest Gcash cash-in fees, please read this article.
How to Load GCash: What are the different ways to fund your mobile wallet?
There are two methods to top up your GCash wallet.
You can cash-in either through mobile money transfers with the use of the GCash app or by over-the-counter transactions at one of many GCash Partner Outlets.
1. How to Load GCash via the GCash app.
You can load your GCash wallet anytime and anywhere as long as you have money in your online bank account or PayPal. To transfer the money from these channels and convert them into GCash, follow the instructions below.
Step 1: Log in to your GCash app and click the “Cash-In” option.
Step 2: Choose the online cash-in method you prefer.
Funding your GCash account through the mobile app is possible if you have a bank account enrolled in online banking, existing PayPal balance (in Philippine peso), or remittances sent by your loved ones.
Listed below are the different mobile facilities to choose from if you want to load GCash with just a few taps on the app.
i. Online Banking.
- MasterCard/Visa Bank Card
- BDO (Related: How to Transfer Money from BDO to GCash: An Ultimate Guide)
- EastWest Bank
ii. Remittance Partners.
- Western Union
iii. Payment Partners.
Step 3: Provide the requested details to proceed with the cash-in transaction.
Regardless of your choice, GCash will guide you every step of the way. Simply tap the mobile facility of your choice and follow the instructions that will appear afterward.
For online banking, you will be asked to log in to your online banking facility, provide your bank account’s 6-digit MPIN, or your 11-digit GCash account/phone number.
If you’ll fund your GCash wallet through remittances, expect to provide the money transfer control number (MTCN) or transaction reference which you can obtain from the sender.
Once the transaction has been approved and completed, you’ll receive a confirmation message thru text both on the mobile numbers connected to your online banking and GCash accounts.
2. How to Load GCash via GCash Partner Outlets.
Aside from the app, you can also cash in through one of the thousands of GCash partner outlets nationwide. These outlets allow over-the-counter transactions to convert your cash into GCash.
To see the list of the most popular and accessible GCash Partner Outlets in the Philippines, log in to the GCash app, tap “Cash In” and look at the options under the first tab, “Over-the-Counter.”
For your convenience, here are the available GCash Partner Outlets where you can cash in your money over the counter:
a. Machine Cash-In.
- eTap/Pay & Go
- Shell SELECT
- Mercury Drug
- SM Hypermarket
- SM Supermarket
- Gaisano Grand
- All Day Supermarket
- Easy Day Shop
c. Department Stores.
- RD Pawnshop
e. Payment Facilities.
- Globe Store
- Bayad Center
- PERA Hub
f. Convenience Store.
- LBC Express
To learn how to load GCash over the counter, simply tap the outlet of your choice and you’ll be given a quick step-by-step guide on how to complete the transaction.
For most of these outlets, you’ll need to provide a valid ID, your 11-digit GCash mobile number, and the desired amount you want to cash-in.
Go back to the main article: How to Use GCash in the Philippines: An Ultimate Guide
- Mercurio, R. (2020). GCash hikes wallet limit. Retrieved 7 July 2020, from https://www.philstar.com/business/2020/06/27/2023811/gcash-hikes-wallet-limit
- Lopez, M. (2020). Loading GCash wallets from select bank cards will be charged a convenience fee starting July 6. Retrieved 7 July 2020, from https://www.cnn.ph/business/2020/6/30/GCash-convenience-fee-July-6.html
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