GCash to Charge a Fee for Bank Transfers Starting Oct. 1

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by Clara Rosales for reportr.world   |  Sep 26, 2020
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Mobile wallet platform GCash will start charging a convenience fee for bank transfers starting Oct. 1, an in-app advisory said.

Those looking to transfer funds to a bank were greeted with a small disclaimer notifying them of such charges. However, no amount or percentage was specified. GCash told reportr that an advisory was forthcoming on Sept. 28 and that transfers are free until Sept. 30.

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We tried transacting with different banks and got the same advisory.

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Gcash to Gcash transactions seem to be safe, as we tried it and encountered no advisories or extra charges.

The Gcash website on frequently asked questions also said that the app would start charging a service fee starting October, but no amount was specified still.

screencap from Gcash
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This story originally appeared on Reportr.world.

* Minor edits have been made by the Candymag.com editors.

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