An In-depth Explainer for Cash-in and Cash out

Cashing in and out is definitely an important feature of any digital wallet – no matter what, you would need to convert to and from physical money.

A lot of the things mentioned here can be seen from the GCash Support site, but I’ve summarized and added some more things in this post to be more helpful.

How do I cash-in the GCash app?

In the app, click on Cash-in and you will see different options. You can go either through Over-the-Counter, Online Banking, or Remittance channels.

How to cash-in via the Over-the-Counter channel

  • Machine Cash-in: You can look for cash-in kiosks like TouchPay and Pay and Go to cash-in.
  • Supermarket: This option is via Generic Barcode cash-in — you would need to show the generated code to a cashier. Here are some partners that use this method:
    • Bayad Center
    • ExpressPay
    • Jaro Pawnshop
    • Ministop
    • No Brand
    • Puregold
    • Robinson’s Department Store
    • Robinson’s EasyMart
    • Robinson’s Supermarket
    • Savemore
    • Shopwise
    • SM Department Store
    • SM Hypermarket
    • SM Supermarket
    • Tambunting
    • The Marketplace
    • TrueMoney
    • Waltermart
  • 7-11: You will need to use the Cliqq kiosk to be able to cash-in
  • Department Stores / Pawnshops / Payment Facilities / Logistics: You need to go to the actual store, fill out a form, and have your cash-in processed.

How to cash-in via the Online Banking channel

  • BPI: You need to link your account before you can cash-in
  • UnionBank: You will need to enroll your UB account before you can cash-in

For other banks, you will need to use Instapay within their specific banking or online apps; usually, this also includes a fee per transfer.

Here are the fees for most banks:

  • AUB: Free
  • BDO: Php 25
  • BPI: Php 25
  • Chinabank: Free
  • Coins.ph (DCPay): Php 10
  • Landbank: Free
  • Maybank: Php 40
  • Metrobank: Free
  • Paymaya: Php 10
  • PBCom: Php 20
  • PNB: 50
  • PSBank: Free
  • RCBC: Php 25
  • Union Bank: Free

You can also refer to the BSP Instapay fees list if your preferred bank is not here and also for the most updated fees.

How to Cash-in via the Remittance Channel

  • MoneyGram / Western Union: You will need the reference number or MTCN to be able to cash-in
  • Paypal: You will need to link your account first, and will need to convert any currency to PHP beforehand in Paypal to be able to cash-in
  • Payoneer: You need to first link your account, or create a new account then cash-in is possible
  • Other Remittance Push Channels: Amount is directly transferred to your GCash wallet

What are the limits for cash-in and cash out?

For Fully Verified users, there is a hard limit of Php 100,000 for both cash-in and cash-out. Unfortunately, once you experience this limit, there is no choice but to wait for the next month to reset limits.

If you have multiple GCash accounts via different mobile numbers, you share this limit between all accounts as well.

Unlocking Higher Cash-in Limits

You can unlock higher limits by linking your BPI/UnionBank or your Payoneer account/s and utilizing either GSave or GInvest with a Php 100 deposit or investment.

Once you do so, you will be able to unlock:

  • A bigger wallet limit – Php 500,000 maximum
  • Higher incoming limits – you will be able to receive up to Php 500,000 into your wallet and daily cash-ins have no limitations
  • Higher outgoing limits – withdrawals will have no limitations per month, and you can withdraw up to Php 100,00 per day

You will be receiving an SMS informing you of the increased limits.

Take note that once you’ve unlinked all of your BPI/UnionBank/Payoneer accounts, the limits will revert back to what it was before.

What can I do if I cashed into a wrong number?

If the recipient is not a GCash user, then it would be easier to return the money.

However, if the recipient is an existing GCash user, then it becomes more difficult because if the user already withdrew or used the amount, generally there is no way to get it back.

It would be better to send a support ticket with the following information:

  • GCash Mobile Number
  • Correct Recipient Number
  • Wrong Recipient Number
  • Amount
  • Date and Time of Transaction
  • Transaction ID
  • Picture of Receipt (if applicable)

This is similar to Send Money. It is better to double-check the recipient before cashing into their account.

What do I do if I don’t receive any money in the app after cashing in?

For cash-in, confirm the cash-in details as the sender may have sent it to a different recipient. This is especially true of remittances from Paypal, Western Union, or MoneyGram. If it’s not via remittance, then it would be better to file a ticket.

Are there fees for cashing in?

For 7-11 cash-ins, starting May 17, 2021, there will be a 1% fee of the total cash-in amount. For example, if you cash in Php 1000, there will be a Php 10 fee, and the total amount of Php 990 would be credited or added to your balance. This fee always comes first as it is a 7-11 collected fee.

GCash cash-in for partner outlets is free for the first Php 8000 per month. When the amount goes over the limit, it will incur a 2% fee. This limit refreshes every first day of the month.

For example, this month:
Today, you cashed in Php 7000. There is no fee since it is still below the Php 8000 limit.

The next day, you cashed in Php 2500. Since you went over the limit, there is a fee included with the cash-in but only for the amount over the limit.

The cash-in that is covered by the fee is:
Php 2500 - Php 1000 = Php 1500

The fee is 2% of the amount. 
Php 1500 * 0.02 = Php 30

So the total cash-in with the fee will be:
Php 2500 - Php 30 = Php 2470

Any other cash-ins for this month will have a 2% fee after this.

If you are cashing in 7-11, and you’ve exceeded the Php 8000 limit, the 1% fee goes first (7-11 fee), then the 2% goes after (GCash fee).

If you are cashing in Php 1000 in 7-11 after exceeding the Php 8000 limit, the cash-in fee for 7-11 applies first:
Php 1000 - Php 10 (1% of Php 1000) = Php 990

Afterwards, the 2% fee from GCash applies:
Php 990 - Php 19.80 (2% of Php 990) = Php 970.20

The net cash-in amount is Php 970.20.

Once you are near the limit, you will be receiving an SMS and a notification in the app informing you of the charge once you go past the limit.

Please take note that this is for only manual cash-ins — remittances, online cash-in and bank cash-ins are not included.

If you want to know how to circumvent this fee, you can refer to my fees page to see alternative solutions.

Is there a fee using a debit card to cash-in?

Currently, debit card cash-ins are disabled until further notice.

Where can I cash-in or cash out?

You can use the “View nearby” features in the app itself to check nearby stores/ATMs.

How do I cash-out in the GCash app?

In the app, you need to click on Show More, and scroll down to see the Cash-out button. There are two main options for cashing out — it’s either through Over-the-Counter or via ATM (GCash Mastercard).

If you want a free cash-out option, you can also transfer your funds to your bank via Bank Transfer and then use your bank’s ATM to withdraw the amount.

How to cash out via Over-the-Counter channel

All of the options mentioned above need you to go to the actual store since you will need to fill out forms and receive your cash.

How to cash out via ATM Withdrawal

You will first need to have a GCash Mastercard linked to your account. You can use any ATM to withdraw your money.

You can get your GCash Mastercard via ordering it online, picking it up from Robinson’s Supermarket, or buying it from convenience stores (ex., 7-11, Ministop, All Day, etc).

What do I do if I don’t receive any money after cashing out via ATM?

I recommend that you always take a screenshot for transactions with big amounts — be it cash-in or cash-out.

For ATM non-dispense issues, you will need to file a ticket or email support@gcash.com with this information:

  • Details of your concern
  • Your name
  • Your mobile number
  • Date and time of transaction
  • Amount
  • Bank/ATM
  • Location
  • Screenshot of the (if available)

What fees are there for cashing out?

Here is a chart that explains charges for each cash-out option:

Cash-out ChannelCharges
ATM Withdrawal
(via GCash Mastercard)
Php 20 per withdrawal
ATM Withdrawal Abroad
(via GCash Mastercard)
Php 150 per withdrawal
GCash Partner Outlets
(Villarica, Tambunting,
Palawan Pawnshop, Puregold,
Bayad Center, ExpressPay
SM, Robinson’s)
Php 20 per Php 1000 withdrawn
Bank Transfer from GCash app to personal bank account then withdraw using bank ATMNo fees

Summary

We talked about the different cash-in and cash-out options using the GCash app. We also tackled the different questions surrounding this.

Cash-in can be via Over-the-Counter, Online Banking, or Remittance. Cash-out can be via Over-the-Counter, ATM, or Bank Transfer.

Cash-in for partner outlets excluding 7-11 has 2% fees over the Php 8000 threshold amount. Cash-out has different fees depending on the channel you are planning to use, but generally, you need to pay Php 20 per Php 1000 for most channels. For 7-11, there is a 1% fee for cash-ins.

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:

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!

7 thoughts on “An In-depth Explainer for Cash-in and Cash out”

  1. I think there’s some mistake on cashing-out via Gcash mastercard info. On other article it says that cash-out via Gcash mastercard rate is Php. 20.00 per withdrawal.

    Reply
  2. Hello po, gusto ko po sana padalahan mama ko sa gcash ng pang gastos nila sa probinsya. Malayo cla sa bayan at may dementia tatay ko dadalawa lang sila. Problema naka Basic account lang ho ang nanay ko walang ID na magamit pang validate. Gusto ko sana padalhan isang bigayan ng 50k para sa monthly na nila (bayad ng ilaw, tubig, internet). Pwede po ba un? di ko kc ma asikaso dhil nasa abroad ako magkaiba ang oras namin.

    Since 50k ang montly limit/wallet size limit ng basic account. Pwede ko po ba sila padalhan ng 50k isang bigayan. Nalito kc ako sa 10k daily limit. Pwede bang isang bigayan 50k o kelangan talaga limang beses, limang araw ako magpadala tig 10k.

    Reply
    • Yeah, 10k lang siya per day, so 5 beses mo kailangang gawin. Bakit di mo nalang ipadaan sa support ticket ang verification ng nanay mo para maging fully verified? Problema rin kasi ang daily transaction limit for outgoing is 5k. Pag malaki ang kailangang bayarang limitado rin ang puwedeng paglabas ng pera.

      Reply
  3. Almost 3days n po d p rn nafully verified ung gcash account ng asawa ko ngsubmit n dn kmi ng ticket,,,pno po b un,pwde po b nmin macashout un over the counter kht d p fully verified…tnx po

    Reply

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