Holy Week Vacation tip: Here's how you can send money in seconds using GCash bank transfer

Mobile wallet GCash leveled up its game a new as it now allows users to transfer and receive funds with over 30 partner banks. 

GCash now allows bank transfer

With the increasing smartphone penetration in the country, GCash's service might be a great move to tap the majority of Filipinos who remain unbanked.

Holy Week Vacation tip: Here's how you can send money in seconds using GCash bank transfer

The platform, which is being operated by Mynt, introduced "GCash-to-bank and bank-to-GCash" transactions to take advantage of the Filipinos' growing preference for mobile banking and the blooming e-commerce sector, where online users usually demand shoppers to pay items with their bank accounts.

While many still opt to go to banks, doing the traditional ways of sending money, GCash was hoping to be the game changer as it vowed to take the hassle out at transferring funds.

Read on to know more how you can use GCash bank transfer!

First, you only need to download the GCash app from Google Play Store or Apple App Store and create an account.

On the app, you would see the "Cash-in" and "Send Money" features, where you could transfer money to and from GCash through online banking.

Users can transfer money and cash-in using GCash

More than 30 banks across the country are on board this initiative, including those major banks like Bank of the Philippine Islands, BDO, Metrobank, Landbank of the Philippines, Philippine National Bank, among others.

The service, powered by Bangko Sentral ng Pilipinas' InstaPay, enables users to electronically transfer funds to and from banks in real time as well as non-bank e-money issuers in the Philippines.

GCash claimed transferring money could take three minutes using your smartphone, and when we at GIZGUIDE tried it we were really impressed on how fast the process was as it only took us less than a minute.

Input you bank account info

GCash can process your bank transfer in seconds!

As you can see in the photos below, users only need to input the needed bank account information, then GCash would send you a mobile message or an email confirming your transaction.

First time users can send funds up to PHP 20,000, but within two weeks of actively using the feature, GCash will allow them to transfer up to PHP 50,000 per day.

This is also in time for Holy Week as some Philippine banks, including BDO and Security Bank, would be closed to pave the way for system upgrades and to observe the Roman Catholic's sacred week.

You can use GCash to transfer money to your bank accounts without the need to go to physical banks, and pay bills, or buy load.

GCash's bank transfer feature provides convenience to its users as it is fast and efficient, and addresses the pain points Filipinos experience when going to traditional banks.

Are you a GCash user? Try this and tell us your thoughts in the comments!