GCash for Bank Transfer

GCash

It’s been less than two months since the ECQ (enhanced community qurantine) started so we need to get used to “The New Normal” because there’s no guarantee that the GCQ (general community quarantine) will have any difference when it comes to safety guidelines.

GCash has been around since 2015 but a lot of Filipinos are not yet aware of its bank transfer function. Almost 15 years ago, we can do online bank transfer through the Bancnet website but that service stopped sometime in 2007. Some banks do not allow interbank fund transfer through the ATM so what I do is to deposit the money through the cash deposit ATM—- PHYSICALLY!

Now, transferring funds to another bank is possible using a financial application software like Gcash and Paymaya. Since I am more familiar with Gcash, I cite it as an example on the poster that I prepared above.

If you are not comforable in transferring big amount of money in a single transaction, my advice is to break it down to smaller amount. For now, Gcash and Paymaya do not charge transaction fee. Even if they do, the comfort of an online transaction is a big relief for us.