GCASH-PH-20261008GCash is an e-wallet, not a bank: it is run by G-Xchange, Inc., a subsidiary of Mynt, which the Bangko Sentral ng Pilipinas licenses as an electronic money issuer. In October 2026 a fully verified account can hold and receive up to ₱500,000 a month, a bank transfer through InstaPay costs ₱10 since 4 July 2026, and over-the-counter cash-in is free up to ₱8,000 a month. Money left in the wallet is not a bank deposit, while savings moved into GSave sit with partner banks such as CIMB, where the base rate is 2.30% a year.
Limits in October 2026
| Profile | Wallet limit | Monthly incoming / outgoing |
|---|---|---|
| Basic (not verified) | ₱10,000 | ₱5,000 / ₱5,000 |
| GCash Jr. (verified minors 7–17) | ₱100,000 | ₱100,000 / ₱100,000 |
| Fully Verified | ₱500,000 | ₱500,000 / ₱500,000, up to ₱500,000 a day |
| GCash Platinum | ₱1,000,000 | ₱1,000,000 / ₱1,000,000 |
| 5M and 10M tiers, with active GSave or GFunds | ₱5,000,000 / ₱10,000,000 | same as wallet limit |
The limits in the GCash Help Center were updated on 1 October 2026 and reset on the first day of each month. An unverified Basic account is mainly useful for receiving small amounts; anyone who receives a salary or remittances into GCash needs to complete verification with a government ID, otherwise incoming transfers stop once ₱5,000 has arrived in the month.
Fees: what is free and what is not
| Transaction | Fee |
|---|---|
| Cash-in over the counter (Puregold, Ministop, Palawan Express and others) | free up to ₱8,000 a month, then 2% of the excess; 7-Eleven charges 1% regardless |
| Cash-in from a linked bank | ₱15 from BPI, ₱5 from UnionBank |
| Cash-in from another bank's app via InstaPay or PESONet | ₱0–25, set by the sending bank |
| Cash-in from Payoneer / PayPal | free / 1% |
| Bank transfer out via InstaPay | ₱10 since 4 July 2026, up to ₱50,000 per transfer |
| GCash Pera Outlet | suggested 1%, set by the outlet |
The transfer fee fell from ₱15 to ₱10 after BSP Circular No. 1238 required electronic transfer fees to be cost-based. If you receive money from abroad, claiming supported international remittances in GCash is free on GCash's side; the fee is charged by the sender's service.
GSave: where the interest comes from
| GSave account | Partner bank | Base rate per year |
|---|---|---|
| #UNOReady | UNO Digital Bank | 3.00% up to ₱4,999.99; 3.50% from ₱5,000 to ₱4,999,999.99; 1.00% from ₱5 million |
| eC-Savings | Cebuana Lhuillier Rural Bank | 3.00% |
| GSave | CIMB Bank Philippines | 2.30%; selected users up to 4% via CIMB Grow |
| EzySave+ | Maybank | below 0.5%; temporarily unavailable in the Help Center |
| #MySaveUp | BPI | 0.0925%; temporarily unavailable in the Help Center |
The difference between partner banks is large: ₱50,000 for a year earns about ₱1,750 at 3.50% with UNO but about ₱46 at BPI's 0.0925%, before tax. GSave balances are deposits in the partner bank and are covered by PDIC deposit insurance under that bank, while the plain GCash wallet is e-money and is not a deposit. For other savings options compare our guide to the best savings accounts in the Philippines.
GLoan, GGives and GCredit: what credit in GCash costs
GLoan is a pre-approved cash loan from Fuse Lending, Mynt's lending company, with some agreements co-branded with CIMB Bank. Limits run from ₱500 to ₱150,000, and up to ₱300,000 for selected users. The add-on interest is 1.59% to 6.99% per month for 5 to 24 months, plus a processing fee of 3% to 5% deducted from the amount you receive. An add-on rate is charged on the original amount for the whole term, so the effective annual cost is close to twice what the monthly rate times twelve suggests. If you miss a due date, you pay 1% of the loan amount for each missed payment plus 0.15% of the outstanding balance for every day overdue. GLoan Sakto, the ₱100–500 micro-loan, has no interest but an 8% fee. Before borrowing, compare the total cost with a bank loan or a consolidation loan if you are already paying several debts.
Scams and what to do
The BSP stated after earlier incidents that unauthorized GCash transfers were caused by phishing and social engineering, not a hack: victims were tricked into giving away one-time PINs. In 2026 GCash warned about scammers posing as eGovPH, PhilSys or GCash support who claim that a national ID or account needs urgent verification. GCash, banks and government agencies do not ask for your MPIN or OTP by call, text or chat. If money was taken, report it immediately through the GCash Help Center so the receiving account can be traced, and file a police report; under the Anti-Financial Account Scamming Act, banks and e-money issuers can temporarily hold funds in accounts suspected of receiving scam proceeds.