How to Cash Out from GCash – GCash has revolutionised the way Filipinos handle their money, making it easier to pay bills, shop online, send money, and store funds digitally. However, there are times when you might need to convert your GCash balance into physical cash. Whether you’re withdrawing cash for personal use or making payments that require physical money, knowing how to cash out from GCash is essential.
In this article, we’ll explore the different ways you can easily withdraw money from your GCash wallet and provide you with the detailed steps for each method. This guide will help you understand the cash-out process, including what to expect, the fees involved, and tips for a smooth transaction.
What Is GCash Cash Out?
Cashing out from GCash simply means transferring the funds in your GCash wallet into physical cash. Depending on your preference, you can do this through various methods such as withdrawing at partner outlets, using an ATM, or transferring the funds to your bank account. GCash has designed these options to ensure that you can access your money quickly and conveniently, no matter where you are.
Why Do You Need to Cash Out from GCash?
There are several scenarios where you might need to cash out your funds from GCash. Some of the most common reasons include:
- Offline Payments: Many businesses still operate on a cash-only basis, meaning you’ll need physical money to complete transactions.
- Emergency Cash: If you find yourself in urgent need of cash, cashing out from GCash provides an easy solution.
- Budgeting: You might prefer to set aside a certain amount of money in physical cash for personal budgeting or savings.
- Sending Cash: If you need to send cash to someone who doesn’t use a digital wallet, withdrawing it from your GCash account may be the easiest option.
How to Cash Out from GCash: Step-by-Step Methods
GCash offers several cash-out methods depending on your location and preferences. Let’s explore each of these options in detail.
1. Cash Out via Partner Outlets
One of the most popular ways to withdraw money from GCash is by visiting one of its many partner outlets. These include 7-Eleven, Cebuana Lhuillier, LBC, M Lhuillier, and others. This method is quick and convenient, especially for those who need access to cash but don’t have an ATM nearby.
How to Cash Out at Partner Outlets:
- Open the GCash App: Log in to your GCash account via the mobile app.
- Select “Cash Out”: From the main dashboard, tap on the “Cash Out” option.
- Choose a Partner Outlet: The app will show you a list of partner outlets near you. Select the one that’s most convenient for you.
- Generate a Code: Once you’ve chosen the outlet, a QR code or a reference number will be generated. This will be required to process your cash-out.
- Visit the Partner Outlet: Go to the selected outlet with your generated code and present it to the cashier or service staff.
- Collect Your Cash: After the transaction is processed, you’ll receive the cash equivalent of your GCash balance.
Note: Service fees will apply to cash-outs at partner outlets, and these fees can vary depending on the outlet and the withdrawal amount.
2. Cash Out via ATM Using GCash Mastercard
If you prefer withdrawing from an ATM, the GCash Mastercard is a great option. The prepaid GCash card allows you to access your balance directly from ATMs that support Visa or Plus networks. This gives you the flexibility to withdraw funds from any ATM that is convenient for you.
How to Cash Out at ATMs:
- Apply for a GCash Mastercard: If you haven’t yet, you can apply for a GCash Mastercard through the GCash app. The card will be sent to you, and you’ll need to activate it before use.
- Go to an ATM: Find an ATM that accepts Visa or Plus cards.
- Insert Your GCash Mastercard: Insert the card into the ATM, just as you would with any other ATM card.
- Select “Withdrawal”: Choose the “Withdrawal” option from the ATM screen.
- Enter Your GCash PIN: Enter the 4-digit GCash PIN you’ve set up for secure transactions.
- Choose Withdrawal Amount: Enter the amount you wish to withdraw. Keep in mind that some ATMs may have withdrawal limits.
- Complete the Transaction: Once the transaction is complete, the ATM will dispense your cash, and the amount will be deducted from your GCash balance.
Note: ATM withdrawals with the GCash Mastercard may incur a fee, and depending on the ATM you use, additional charges may apply for out-of-network withdrawals.
3. Cash Out via Bank Transfer
If you prefer to transfer funds directly to your bank account, GCash allows you to do so. This method is ideal for those who want to transfer funds for a more permanent solution or to use their money for online purchases. You can link any bank account that supports GCash, including BDO, BPI, Metrobank, and others.
How to Cash Out via Bank Transfer:
- Link Your Bank Account: Make sure your bank account is linked to your GCash wallet. You can do this by going to “My Linked Accounts” in the app and selecting your bank.
- Select “Cash Out”: Open the GCash app and tap on “Cash Out”.
- Choose Bank Transfer: From the available options, select “Bank Transfer”.
- Enter Transfer Details: Choose the linked bank account you want to send money to, then enter the amount you wish to transfer.
- Complete the Transaction: Once you confirm the details, GCash will initiate the transfer. The money should arrive in your bank account within 1-2 business days.
Note: Bank transfers may take time to process, and some banks may charge a fee for receiving transfers.
4. Cash Out via Remittance Centres
If you’re looking for another convenient cash-out option, you can use remittance centres such as Palawan Express, M Lhuillier, and Cebuana Lhuillier. These centres allow you to withdraw your GCash balance over-the-counter and receive the cash directly.
How to Cash Out at Remittance Centres:
- Select “Cash Out”: Open the GCash app and tap “Cash Out”.
- Choose a Remittance Centre: Select a nearby remittance centre from the available list.
- Generate a Code: A QR code or reference number will be generated, which you’ll need to present at the remittance centre.
- Visit the Centre: Go to the selected remittance centre with your code and present it to the agent.
- Receive Your Cash: Once the transaction is confirmed, you’ll receive your funds in cash.
Note: Similar to partner outlets, remittance centres charge service fees for cashing out.
Things to Keep in Mind When Cashing Out from GCash
- Service Fees: Most cash-out methods involve a service fee, which can vary depending on the amount and method you use. Always check the fees before proceeding.
- Withdrawal Limits: Be aware of withdrawal limits, especially if you’re using an ATM. GCash also has certain limits on how much you can cash out at one time.
- Security: For added security, always enable your GCash PIN and use biometric authentication (like fingerprint or face recognition) to protect your account.
How To Cashing out from GCash ? Cashing out from GCash is a simple and efficient process that gives you multiple options to access your funds. Whether you prefer withdrawing cash at partner outlets, using an ATM, transferring funds to your bank account, or visiting remittance centres, there’s a method that suits your needs.
By following the steps outlined in this guide, you can confidently withdraw cash from your GCash wallet whenever you need it. Just be mindful of any fees and limits, and always ensure your account is secure for safe transactions.