In the Philippines, GCash is a well-known mobile wallet and payment app that makes it easy to send money to other banks or e-wallets. However, transferring money to other banks incur service fees, which is sometimes annoying. Therefore, to skip charges, some users use GSave in CIMB or UNO to transfer funds to other banks. The problem is not every GCash user has a GSave.
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If you don't have GSave and want to avoid fees in transferring funds from GCash to other banks or e-wallets, here's a workaround on how you can transfer GCash funds for free.
How to transfer funds from GCash to other banks/e-wallets for free
No GSave? No problem! Simply follow the step-by-step guide below to transfer your money from your GCash account to other banks or mobile wallets.
Step 1: Make sure you have a verified Lazada wallet and have linked your GCash e-wallet. Use the "Cash In" feature of the Lazada app. Enter your desired top-up amount. The minimum cash-in amount is 20 Pesos.
Step 2: Under "Select Cash In Method," choose your linked GCash e-wallet as a mode of payment.
Step 3: Authenticate your transaction if possible.
Step 4: After the successful top-up of your Lazada wallet, tap the "Back to Home" button.
Step 5: Go to your Lazada wallet and click on your available balance.
Step 6: Under "Balance Details," tap on the "Withdraw" button.
Step 7: Select "Withdrawal Deposit," then tap the "Let's Start" button.
Step 8: Input the amount you want to withdraw, select the Bank Account, then tap the "Continue" button.
Step 9: Review the details and click the "Confirm Withdraw" button to proceed.
Step 10: You may be asked for a One-Time PIN (OTP) to authenticate your transaction. The transaction will be processed via PESONET with Citibank, N.A. as the disbursing entity and ALIPAY PHILIPPINES, INC. as the sender's account name.
Notes:
- Your first transaction during the week should be free of charge. Succeeding transfers would be charged PHP 5 for each transfer.
- The withdrawal amount will be deposited into your selected bank account within the next five business days.
That's it! You've successfully transferred your GCash funds to other banks without a transaction fee. What can you say about this trick? You can leave your comment below.
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