Where GCash Cash Out: A Guide to Withdrawing Money from Your GCash Account

GCash is a popular mobile wallet in the Philippines that allows users to make cashless transactions, pay bills, and transfer money. If you're a GCash user, you may be wondering how to withdraw cash from your account. Here's a step-by-step guide on where GCash cash out:

1. Choose a Cash Out Method:

GCash offers several cash out methods, including:

a.) Over-the-Counter (OTC) Cash Out: This allows you to withdraw cash from your GCash account at partner establishments like pawnshops, convenience stores (7-Eleven, Ministop), and GCash partner banks.

b.) Bank Transfer: You can transfer money from your GCash account to your bank account and then withdraw it from an ATM or bank branch.

c.) GCash Mastercard: If you have a GCash Mastercard, you can use it to withdraw cash from any ATM that accepts Mastercard.

2. Find a GCash Cash Out Location:

To find a GCash OTC cash out location near you, you can use the GCash app or visit the GCash website.

a.) Using the GCash App:

• Open the GCash app and tap on the "Cash Out" icon.
• Select "Over-the-Counter" and then choose a partner establishment near you.
• Enter the amount you want to withdraw and tap "Continue."
• You will receive a confirmation message with a code.

b.) Using the GCash Website:

• Visit the GCash website and click on the "Cash Out" tab.
• Select "Over-the-Counter" and then choose a partner establishment near you.
• Enter the amount you want to withdraw and click "Continue."
• You will receive a confirmation email with a code.

3. Cash Out Your GCash Balance:

a.) Over-the-Counter Cash Out:

• Bring your GCash-registered mobile number, a valid ID, and the confirmation code to the partner establishment.
• Present these to the cashier and wait for the cash to be processed.

b.) Bank Transfer:

• Log in to your GCash account and tap on the "Cash Out" icon.
• Select "Bank Transfer" and choose the bank you want to transfer the money to.
• Enter the amount you want to transfer and tap "Continue."
• You will receive a confirmation message with a code.
• Log in to your bank account and add your GCash account as a payee.
• Enter the amount you want to transfer and the confirmation code.
• Click "Transfer" and wait for the money to be deposited into your bank account.

c.) GCash Mastercard:

• Insert your GCash Mastercard into an ATM that accepts Mastercard.
• Enter your PIN and select the "Withdraw Cash" option.
• Enter the amount you want to withdraw and click "Confirm."
• The cash will be dispensed from the ATM.

4. Cash Out Fees:

GCash charges a fee for cash out transactions. The fee varies depending on the cash out method you choose:

a.) Over-the-Counter Cash Out: The fee is P20 per transaction.
b.) Bank Transfer: The fee is P15 per transaction.
c.) GCash Mastercard: The fee is P25 per transaction.

5. Cash Out Limits:

GCash also imposes limits on the amount of money you can cash out per day and per month. The limits vary depending on your GCash account tier:

a.) Basic Account: Daily limit of P10,000 and monthly limit of P30,000.
b.) Fully Verified Account: Daily limit of P50,000 and monthly limit of P100,000.
c.) Fully Verified Account with GCash Mastercard: Daily limit of P100,000 and monthly limit of P200,000.

Conclusion

GCash offers several convenient ways to withdraw cash from your account. You can choose the method that best suits your needs, whether it's over-the-counter cash out, bank transfer, or using a GCash Mastercard. Just remember to consider the fees and limits associated with each method before making a transaction.

Frequently Asked Questions:

1. Can I cash out my GCash balance at any ATM?

No, you can only cash out your GCash balance at ATMs that accept Mastercard.

2. How long does it take for a bank transfer to be processed?

Bank transfers typically take 1-3 business days to be processed.

3. Can I use my GCash Mastercard to withdraw cash overseas?

Yes, you can use your GCash Mastercard to withdraw cash overseas, but you may be charged a foreign transaction fee.

4. What should I do if I lose my GCash Mastercard?

If you lose your GCash Mastercard, you should immediately report it to GCash customer service. They will cancel your card and issue you a new one.

5. Can I increase my GCash cash out limit?

Yes, you can increase your GCash cash out limit by upgrading your account to a Fully Verified Account or by getting a GCash Mastercard.