More good reasons to go cashless
Going cashless is the future of finance. Carrying around a piece of plastic to pay for stuff is way more convenient, safe and secure compared to carrying stacks of cash around. That’s why finance app GCash tries to make transferring money to your electronic wallet as easy and as convenient as possible – no need to go to a convenience store or a separate location just to load up cash.
Instead, you can send and transfer money straight from your GCash account to your preferred bank and vice-versa using your tablet or phone, free of charge, at any time of the day. This is made possible via GCash’s use of InstaPay, a BSP-mandated electronic fund transfer (EFT) service that allows for the real-time transfer of funds.
This means less trips to your bank or ATM to withdraw money to pay for online purchases on eBay and Steam, for example, since you’ll be able to transfer money directly to your GCash account. Here’s how it works:
Tap on “Bank Transfer” from the GCash dashboard.
Select your preferred bank.
Input the essential details like the amount you desire to transfer, account name, and account number. You can opt to send a receipt via your preferred email to ensure that the transfer is made smoothly.
You will be asked if you want to push through with the transfer. Make sure to check all the details before proceeding.
Once you confirmed the transfer, you will receive a confirmation message that the transfer has been made.
If you simply wanted to add money to your GCash wallet via your preferred bank, you just need to follow these steps:
Select your preferred bank for cashing in (you will need to enroll your bank of choice first before going to this step).
Input the amount that you want to cash in.
Review your cash-in details.
Authenticate the transaction by inputting the 6-digit code sent to your registered mobile number.
There’s nothing like being able to transfer funds to your GCash wherever you are. You save time, effort and you’ll be able to buy those sweet, sweet kicks you saw online quickly without having to take a trip to the bank or ATM.