One of the main selling points of GCash is that it has no fees for cash ins made via linked BPI or Unionbank accounts. As much as GCash wants to keep that feature, factors like inflation have forced it to end its zero transaction fee feature for linked BPI and Unionbank accounts.
GCash made the announcement via its Help Center under General Cash in inquiries, where it will implement a Php 5 fee to linked BPI and Unionbank accounts starting October 2 “due to increasing costs”.
While it is sad that BPI and Unionbank users will need to pay a Php 5 convenience fee for cashing in, the said fee is still small compared to when cashing in with other banks–for reference, doing cash ins via online banking apps will incur you as much as Php 25 in transaction fees.
Should you want to enjoy cash ins without any transaction fees, your options include:
- via over-the-counter outlets like Globe stores, Mercury Drug, Ministop, and Robinsons Supermarkets–as long as you don’t exceed a cash in of Php 8,000 per month.
- via your linked Paypal account
In the meantime, you still have less than two months to enjoy no fees for cashing in via linked BPI and Unionbank accounts, so better plan your GCash transactions ahead of time.