GCash accounts are usually tied with only a mobile number. Once you create an account, you can then tie this account to a person via verification of KYC (Know-Your-Customer).
Now some questions you may have about this are: can I create multiple GCash accounts? And how does this work with GCash? Is this legal? Anyway, let’s dive into it and explore how we can use this to our advantage.
Can I create multiple GCash accounts?
Yes, because a GCash account is initially just tied to a mobile number. When you create an account with GCash, your personal information is not linked to that account as long as you haven’t gone through KYC (Know-Your-Customer) verification.
In the Philippines, there are a lot of SIM cards that can be bought anywhere, unlike in other countries that tie up the mobile number with the national ID. The only way GCash can fundamentally work is it should be flexible enough to accept multiple numbers while limiting the users via verification.
How many multiple accounts can I create?
According to the GCash Help Center, you can create up to 5 accounts. After which, customer support will be contacting you to choose only 5 accounts to maintain.
What features can I share between accounts?
Here are the features you share between accounts, meaning there can be only one instance between all of the existing accounts:
Aside from the wallet balance, here are the features that are different between accounts — meaning there is a different instance per account.
An example is if you have a GSave account with one GCash account, when you create another GCash account, you can have another GSave account given you’ve provided a different email account when you signed up.
Take note that this setup will most likely change in the future.
What are the benefits of having multiple accounts?
Having multiple accounts helps categorize your wallets. As in real life, we can have different wallets for different purposes, this can also be applicable with GCash accounts. You can have a different account for work and for paying bills.
For some features like GSave and GInvest, it helps you categorize your savings and investments as well. Think of the benefits of having a different GSave savings account per GCash account.
Also, all of the things you do with your accounts count towards your singular GScore. This can help you avail of more GCredit and GLoan amounts.
Can I link my BPI, UnionBank, PayPal, Payoneer to my other accounts?
Yes, you can link your accounts with all of your GCash accounts if you need it. Take note though that some accounts, like PayPal are strict with linking.
Why do I have different GScore and GCredit amounts with my other accounts?
For some old accounts, there is no merging done yet. As such, the “single-instance-between-accounts” rule is not necessarily followed. However, this policy can change anytime as there may be account merging that can happen. This also applies to the transaction limits — that is why sending to another account is a workaround once you encounter the limit.
For new accounts, strict merging is done so transaction limits are already shared.
We talked about the benefits of having multiple GCash accounts. There are certain features that are shared between accounts like GScore, GCredit, GLoan, and Transaction Limits.
However, if you have an old alternate account, there are little to no restrictions in terms of sharing accounts. Unfortunately for new alternate accounts, account linking is now strictly done during full verification so it’s less likely for this to happen.
If you’d like to learn more about GCash, I created a how-to on the basics of GCash.
Here is a list of links if you’re interested in the main GCash functions:
- Cash in or Cash out
- GCash Scams
- Send Money
- Bank Transfer
- Payment via QR
- GCash Mastercard
- AMEX Virtual Pay
- Pay Bills
- Request Money
- Buy Load
- GCash Forest
- Book Movies
- GCash via USSD (*143#)
- Receiving Remittances
If you are also interested in knowing what resources I used to make this blog happen, please look at my resources page.
How do you like the tutorial? Did I miss anything? Please add your comments and suggestions below!