"Effective October 1, 2020, selected commercial banks and Electronic Money Institutions using the InstaPay network will start charging a transaction fee when doing a fund transfer into GCash," read the statement.To avoid paying a transaction fee, GCash users are advised to link their BPI or UnionBank accounts to their GCash App. These fund transfers will remain free of charge.
GCash will charge a P15.00 fee per fund transfer to a bank or EMI using the InstaPay network. This will also take effect on October 1. Meanwhile, all GCash-to-GCash Send Money transactions, bills payments or loading will remain free of charge.
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