How much fee UnionBank to GCash?

UnionBank to GCash Transfers: A Quick Guide to Fees

Sending money from your UnionBank account to GCash is now a straightforward process, but it’s important to understand the associated costs. As of May 27, 2024, UnionBank charges a modest PHP 5 fee for transfers to GCash. This transparent fee ensures a smooth and secure transaction.

This PHP 5 charge applies specifically to transfers initiated from UnionBank to GCash. It’s worth noting that similar low fees (also PHP 5) are currently in place for transfers to other linked accounts, such as those held with BPI. This consistency in pricing makes it easy to budget for online fund transfers regardless of the recipient’s bank.

However, it’s crucial to remember that this PHP 5 fee is specific to GCash and BPI. Transferring funds through UnionBank to other online payment platforms like PayPal and Payoneer will incur different charges. For these services, UnionBank currently applies a fee equivalent to 1% of the total transaction amount. Therefore, larger sums transferred to PayPal or Payoneer will result in higher fees compared to smaller transfers.

Before initiating any transfer, it’s always advisable to check the latest fee schedules on the UnionBank website or mobile app. While the information provided here is accurate as of the publication date, fees are subject to change. Staying informed about the most up-to-date fee structure will allow you to better manage your finances and avoid any unexpected costs. Planning your transfers accordingly will ensure a seamless and cost-effective experience.