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Bank money transfers made easy with GCash: It's a few taps away

Published Dec 18, 2018 12:00 am
With Christmas near, so are the long lines at the mall, the heavy traffic, and other inconveniences as Filipinos rush to get everything ready for holiday plans, family traditions, shopping, gift preparations. (MANILA BULLETIN) (MANILA BULLETIN) But with GCash, the leading mobile wallet platform, people can enjoy the freedom of being able to transfer funds conveniently, at no extra cost with just a smartphone — all one needs is an account name, the account number of the receiver, and internet connectivity. Transferring funds between banks in now easy. Through the partnership of GCash and InstaPay, an initiative led by the BSP under the National Retail Payments System framework, customers are allowed to transfer Philippine peso funds almost instantly between accounts of participating BSP-supervised banks and non-bank e-money issuers in the Philippines. With this new feature, GCash has added one more convenient option for every Filipino, alongside sending money, QR scanning to pay, buying load, paying bills, and other financial services. GCash's new bank transfer feature is making an everyday hassle a little lighter. Availing of this feature is easy. First, one has to be a verified GCash user and update the app on the App Store or Google Play. After that, gather the necessary details of the bank account you are transferring to — from the name of the bank, name of the account holder, account number, and exact amount to be sent. One has to double check to avoid sending money to the wrong person. Once this is done, go to the GCash account and log-in, then select ‘Bank Transfer’. Bring out the details you’ve initially prepared and locate the bank of your choice. GCash has partnered with:
  • Bank of the Philippine Islands
  • BDO Unibank, Inc.
  • Metropolitan Bank and Trust Company
  • Land Bank of the Philippines
  • Security Bank Corporation
  • Philippine National Bank
  • China Banking Corporation
  • Union Bank of the Philippines
  • East West Banking Corporation
  • Rizal Commercial Banking Corporation
  • United Coconut Planters Bank
  • Asia United Bank Corporation
  • Bank of Commerce
  • China Bank Savings, Inc
  • CTBC Bank (Philippines) Corporation
  • Development Bank of the Philippines
  • Equicom Savings Bank, Inc.
  • Malayan Bank Savings and Mortgage Bank, Inc.
  • Maybank Philippines, Inc.
  • Partner Rural Bank (Cotabato), Inc.
  • Philippine Bank of Communications
  • Philippine Savings Bank
  • Philippine Trust Company
  • PNB Savings Bank
  • RCBC Savings Bank, Inc.
  • Robinsons Bank Corporation
  • Sterling Bank of Asia, Inc. (A Savings Bank)
  • Sun Savings Bank, Inc.
  • Yuanta Savings Bank Philippines, Inc.
Enter the amount which you intend to send, the bank account holder’s complete details, check again if the details are correct, then click ‘Confirm’. GCash will show a confirmation screen, and send an SMS with the complete transaction details. It’s that easy with GCash as it is only a few clicks away. GCash lets one not just send money to loved ones, but give one more time to enjoy the holiday season without the fuss. To fund a GCash account, users can visit over 16,000 GCash partner outlets nationwide, like 7-Eleven, SM Business Centers, Robinsons Business Centers, Puregold branches, and Villarica Pawnshop branches, and tell the cashier to cash-in to their GCash account. Cashing-in to a GCash account is free.
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