COVID has encouraged the use of e-wallet services like GCash. In the current environment, cashless transactions are safer and more convenient.
While most of us have money in GCash for various purposes, we still need physical currency for a variety of other activities.
In this article I will show you how to withdraw or withdraw funds from your GCash account.
How can I withdraw or withdraw money from GCash?
We’re going to go through each of the three methods of withdrawing funds from your GCash account.
Make a withdrawal from an ATM.
The most common method of withdrawing money from GCash is through ATMs. However, you need a real GCash Mastercard to use an ATM. Incidentally, the card is not free; it costs Php 215 to get it.
Still, I would advise you to get one. Both regular payments and online transactions are possible with the GCash Mastercard.
If you already have a physical GCash Mastercard, you can use it like any other ATM card to withdraw money. Please note that you will be charged for recurring withdrawal costs depending on the ATM you use.
The money will be transferred to an ATM savings account from which you can withdraw.
An ATM savings account is another option. You can transfer money from your GCash to your bank account at Instapay if you have a bank account with a debit card. The money can then be withdrawn from the ATM.
Partner shops without a prescription
You can withdraw cash in partner stores (OTC) nationwide if you do not have a physical GCash Mastercard or another ATM account.
OTC withdrawals from GCash are accepted at the following institutions:
- Jaro pawn shops
- ExpressPay payment centers
- TrueMoney payment centers
- Possible payment centers
- SM department stores
- Robinsons Department Stores
- PeraHUB pawn shops
- Villarica pawn shops
- Tambunting pawnshops
How to withdraw money from GCash over the counter.
- Let the cashier know that you would like to withdraw or withdraw your GCash wallet. Some institutions will ask you to fill out a short form or slip of paper.
- Include your phone number and the amount you want to withdraw.
- Present a valid ID.
- You will receive an OTP via SMS to confirm your transaction.
- Get the withdrawn cash at the checkout as soon as you have confirmed it.
That’s all. You have completed the task.
E-wallet services like GCash and PayMaya remain one of the most convenient and secure payment methods. It’s fast, cashless, and you can do it all from your phone. However, make sure you have some cash on hand just in case.