How to cash out GCash

How to Cash Out GCash: Complete Methods and Steps

by

GCash is one of the most adopted financial technology apps in the Philippines.

Individual users and merchants are benefitting from alternative payment methods, as well as the promotions or discounts offered by GCash.

Check out this article to know how to cash out GCash funds.

How to cash out GCash Over the Counter

There are many partner establishments that can accommodate you if you need to cash out your GCash funds when no ATM is near you.

How to cash out GCash in Palawan

Step 1: Fill out the GCash Service Form with all the required details.

Step 2: Tick the Cash Out box and don’t forget to sign.

Step 3: Give the form to the cashier together with 1 valid ID.

Step 4: Follow the SMS prompt provided by GCash to confirm your transaction.

Although GCash states that cash out in Palawan branches are free, they may still charge a small fee which is usually 2% of your withdrawal amount.

How to Cash out GCash in Cebuana Lhuillier

Step 1: Fill out the GCash Service Form with all the required details.

Step 2: Tick the Cash Out box and don’t forget to sign.

Step 3: Give the form to the pawnshop staff together with 1 valid ID.

Step 4: Follow the SMS prompt provided by GCash to confirm your transaction.

Cebuana Lhuiller charges a small fee of 2% of your withdrawal amount, which you can pay or be deducted from your cash out.

How to cash out GCash in 7-Eleven

You can cash in but not cash out in 7-Eleven stores, but you can go to Family Mart:

Step 1: Tell the cashier that you want to cash out your GCash fund.

Step 2: Provide your mobile number, cash out amount, and present your valid ID.

Step 3: Follow the SMS prompt provided by GCash to confirm your transaction.

The usual cash out fee is 2% of the transaction amount.

How to cash out GCash in MLhuillier

Unfortunately, MLhuiller is not a cash out partner of GCash.

Alternatively, you can go to PeraHUB, Villarica Pawnshop, Tambunting, and Jaro Pawnshop which have similar cash out procedures with Cebuana Lhuiller.

Whatever your transaction, never give your OTP or MPIN to other people. Only you can use it by replying to the SMS prompts sent by GCash.

Also, there are now also partner outlets that may be near you such as sari-sari stores who offer both cash in and cash out services for a small fee.

How to cash out using GCash MasterCard

To know how to cash out GCash using your GCash Mastercard, read these steps:

Step 1: Make sure your GCash account has the amount you want to withdraw, plus a minimum of 20 pesos fee for every 1,000 pesos.

Step 2: Go to the nearest ATM which supports BancNet or MasterCard.

Step 3: Insert your card and enter your GCash pin to proceed with the withdrawal transaction.

If the ATM only dispenses one hundred or five hundred peso bills, you should adjust your withdrawal amount according to that as well as the minimum required amount.

Avoid making a balance inquiry since you will be charged 3 pesos.

How to cash out GCash Bank Transfer

These are the steps to cash out your money using Bank Transfer:

Step 1: Open the GCash app.

Step 2: Click on Bank Transfer or find it by clicking View all GCash Services.

Step 3: Choose from your Saved Bank accounts or choose from the partner banks.

Step 4: Enter the amount and all the required details.

Step 5: Review all information before confirming your transaction.

Step 6: Use your bank’s ATM card to withdraw for free in your Bank ATMs or for a small fee in other ATMs.

Send Money from GCash to another GCash

In order to send money from your GCash to another GCash account, follow these steps:

Step 1: Open the GCash app.

Step 2: Click on Send Money.

Step 3: Select Express Send and enter the mobile number you want to send money to.

Step 4: Enter the amount and add message if you want.

Step 5: Click next and check the details before pressing Send.

You can also send money using Send with a Clip wherein the money will be returned to you if the recipient fails to accept it.

Send Pamasko is perfect during the holiday season and includes designs you can choose from.

A similar option with other banks is by using Generate QR, which is also in the Send Money page wherein another user can scan it for faster transaction, and you can also specify the amount.

How to cash out GCash without verification

Unfortunately, GCash no longer allows Cash Out for unverified users, even by using the KKB function that was originally used by other users.

This is in line with the mandate of the BSP to ensure legitimate financial transactions.

If you want to turn your fund into cash, you may offer to Buy Load, Pay Bills, Pay QR, or use AMEX Virtual Pay for others.

You yourself can also use those features for your purchases at physical and online stores since your GCash fund is good as cash.

What is the best GCash cashout with no fees?

The best way to cash out money from your GCash account is a neat trick that is surely known to the most loyal users.

You can transfer your GCash to GSave, then open your CIMB app to transfer the fund into the Fast/Fast Plus Account.

If you prefer the video version, you can watch it here:

You can now withdraw from any ATM using your CIMB Card for free twice a month, and you can withdraw the full amount, without thinking about the service charge.

If you withdrew a smaller amount than what is available in your Fast/Fast Plus Account, the service charge may get deducted but will be refunded to you the following month.

Conclusion

GCash is a truly useful and versatile e-wallet app that facilitates virtually all types of money transactions.

Funding your account and cashing out is really easy with many options to choose from.

Related posts:

Jerico
Latest posts by Jerico (see all)