How to Transfer Money From UnionBank to GCash

Some merchants, especially small businesses, may not accept credit or debit cards as forms of payment since they do not have the infrastructure or systems in place. Most of them do, however, accept GCash now since it is more accessible to Filipinos compared to bank accounts.

If you have an account with UnionBank but need to transfer money to GCash, you can simply follow this article to guide you.

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How to transfer UnionBank to GCash

There are two ways you can transfer money from your UnionBank savings account to your GCash wallet.

Via UnionBank Online

Step 1: Launch the UnionBank online app.

Step 2: Log in to your bank account.

Step 3: Tap the “Send Money” icon, which can be seen on the main dashboard.

Step 4: Choose “Other Banks and E-Wallets” from the list.

Step 5: Choose the transfer channel. It can be PESONet, Instapay, or PDTTS for US dollars.

Step 6: Select “GCash” from the drop-down menu.

Step 7: Input the GCash number, account name, amount to transfer, and the purpose of the transfer.

Step 8: Review and confirm the details of the transaction.

Step 9: Next, tap the “Transfer” button.

Step 10: Enter the 6-digit One-Time Password, which will be sent to your mobile number via SMS.

Step 11: Your money transfer is successful, and you should receive a notification.

Via UnionBank linked account

Step 1: Launch the GCash app on your phone and log into your account with your MPIN.

Step 2: Tap on the “Cash in” button next to your wallet balance.

Step 3: Select “UnionBank” as the source account.

Step 4: Enter the amount you want to transfer.

Step 5: Wait for the OTP to be sent to you via text message. Input the OTP.

Step 6: Your cash in transaction is now completed.

How much are the transfer fees?

Currently, UnionBank charges Php 10 per Instapay transfer from UnionBank to other banks and e-wallets. Fund transfers to other banks and e-wallets using PESONet are free of charge, as well as transfers to other UnionBank accounts.

You can refer to the table below:

UnionBank to UnionBankFree
UnionBank to other banks via PesonetFree
UnionBank to other banks via InstapayPhp 10

Transfer limits

UnionBank only allows transactions up to Php 500,000 per day. For money transfers using Instapay, you can only send Php 50,000 per transaction.

The limit for cashing in with a linked UnionBank account will depend on your GCash profile verification and wallet limit, which vary from person to person.

Frequently Asked Questions (FAQs)

Should I choose Instapay or PESONet as the transfer channel when transferring money from Unionbank to GCash?

Instapay is the better option for real-time transfers, but there is a Php 10 fee per transaction.

If you want to avoid the fee and don’t mind waiting at least a few hours, you may choose Pesonet instead.

What do I do if my money transfer fails?

You can try again at a later time or contact both UnionBank’s and GCash’s support teams.

Conclusion

Fund transfers to GCash should only take you a few minutes if you use Instapay or the linked account cash in method.