Effortlessly Unlocking Financial Freedom: A Guide on How to Cash Out GCash

How to Cash Out GCash

Modern digital transactions require seamless financial transactions that can be fulfilled by mobile wallets. The Philippines has witnessed a revolution in how people handle their money with the advent of GCash, a popular mobile wallet.

Philipines is a country where GCash is widely used as a mobile wallet. Cash or cards can be managed without the hassle of carrying cash with you. 55 million GCash users registered in the Philippines as of May 2022, making it one of the fastest-growing currencies in the world.

Sometimes you might need to withdraw money from your GCash wallet. This is known as Cashing Out from your GCash account. Money in your GCash account can be accessed at any time because it is liquid (like cash).

GCash withdrawals are also referred to as cashing out. It is common to hear the term Cash Out more frequently than other related terms within the GCash ecosystem. Fund withdrawals are always referred to as Cash Outs in GCash documentation and help pages, so we’ll use this term here as well.

Cashing Out is synonymous with withdrawing money from your GCash account.

The good news is that it is very easy to Cash Out from your GCash wallet. In this article, we will bring you up to speed with a few easy ways you can Cash Out of your GCash account. Keep reading!

This article will guide you through the process of cashing out GCash, ensuring that you can access your funds conveniently.

Table of Contents

Steps of How to Cash Out GCash

Setting Up Your GCash Account

GCash requires registration before you can use it. A valid ID is required for verification, as well as basic information. GCash wallet’s functionality is enhanced once you have linked your bank account.

Understanding Your GCash Balance

It’s like having your own digital wallet with your GCash balance. This is where you store funds that have been loaded or received. Through the app, you can view your balance, giving you a complete overview of your financial situation.

Methods to Cash Out GCash

GCash funds can be withdrawn using a variety of methods, each offering its own convenience level. The GCash Mastercard can be used at partner outlets, or you can transfer money via bank transfer.

Cashing Out via Bank Transfer

You can transfer funds to your bank account as one of the most common methods. There are a few simple steps involved in this process, which will ensure that your money reaches your chosen bank safely. Fees and limits on transfers should be understood.

Using GCash Mastercard

The GCash Mastercard is a great option for those who prefer a physical card. Cash can be withdrawn easily from ATMs after activating your card.

Cashing Out at Partner Outlets

There are a wide variety of outlets where GCash has partnered with, so you can cash out anywhere you wish. A number of outlets sell these items, such as convenience stores and pawnshops. Make sure you understand how the process works and what the fees are.

Security Measures

GCash accounts need to be secured at all times. You can ensure the security of your funds by implementing two-factor authentication.

Common Challenges and Solutions

Users may encounter challenges with GCash, despite its seamless experience. Customers can contact customer support if they run into problems such as failed transactions.

Maximizing Your GCash Experience

GCash offers additional features that you can explore to maximize your account’s potential. GCash Invest and Save features are a holistic way to manage your finances. Use promotions, discounts, and GCash Invest and Save features to make financial decisions that are right for you.

Tips for Efficient Cash Out

Cashing out on time and planning ahead can maximize your experience. Practical tips are provided here to simplify the cash-out process.

GCash Updates and Future Developments

Get updates on GCash’s latest features and possible improvements. Keeping an eye on updates is beneficial because the app evolves to meet user needs.

User Testimonials

The benefits of using GCash can be better understood through real-life experiences. Check out how other financial transactions have been handled through the platform.

How can GCash account holders withdraw money?

GCash can be withdrawn in a few ways, including:

  • Method 1: for cashing out: GCash MasterCard
  • Method 2: Cash Out GCash Partner Outlets
  • Method 3: Bank transfers 
  • Method 4: With the Makatizen Card, you can cash out

A GCash account can be cashed out in many ways.

GCash account cash out will be discussed in more detail in the remaining section of this article.

How to withdraw GCash using GCash MasterCard?

With the GCash MasterCard, you can Cash Out your GCash account in a very convenient way. The GCash MasterCard is a debit card that you can use at participating ATMs to withdraw cash, just like any other debit card.

Check out the FAQs below to get answers to your questions regarding the GCash MasterCard and Cash Outs from your GCash account.

FAQs regarding the GCash MasterCard

With my GCash MasterCard, which AMTs can I withdraw funds from?

GCash MasterCard users can withdraw money from ATM machines affiliated with BancNet and GCash MasterCard (both locally and internationally). You can withdraw cash using your debit card just like you would from an ATM.

My GCash MasterCard can be withdrawn from ATMs that accept Cash Out from GCash. But how do I find such ATMs?

In order to withdraw funds from your GCash account, you need to find a BancNet or GCash MasterCard ATM near you. Find the logo of BancNet or MasterCard on your ATM machine. GCash MasterCard holders can withdraw cash from those ATMs if they see them. Both domestic and international ATMs participate in the program.

I have a GCash MasterCard. What is the PIN number to cash out?

Your GCash MPIN (Mobile PIN) can be used as your ATM PIN at ATMs that accept your GCash MasterCard. The good news is that using your GCash MasterCard does not require a separate PIN.

What are the eligibility requirements for GCash MasterCard?

Only Full Verified GCash account holders can use GCash MasterCard. GCash MasterCards require verification of Basic GCash accounts before they can be issued.

Can you tell me if there are any fees associated with GCash MasterCards?

When you get a GCash MasterCard, you will have to pay some fees. To get a GCash MasterCard, you’ll have to pay PHP 150. For the physical card shipping, there is an additional PHP 65 delivery fee.

When I cash out of my GCash account with my GCash MasterCard, will I be charged any fees?

If you withdraw funds from participating ATMs, you may be charged the following fees:
You may have to pay a fee when withdrawing cash from an ATM within the Philippines, between PHP 10 and PHP 18
A PHP 150 ATM withdrawal fee may apply if you use an overseas ATM

My GCash MasterCard can also be used for what else?

With your GCash MasterCard, you can make purchases and make other payments as you would with any other MasterCard. MasterCard merchants offer 35.9 million purchase options in 150 currencies and 210 countries.

You can access your GCash account balance as cash with your GCash MasterCard, just like you would with a Debit Card. It also works with millions of participating merchants accepting MasterCard payments since it is a standard MasterCard.

In addition to being able to shop anywhere MasterCard is accepted, GCash MasterCard allows you to cash out your account.

GCash MasterCard is a convenient way to have a variety of options when needed. If you do not have one, consider ordering one. Next, we’ll guide you through the process of getting your GCash MasterCard.

How can I apply for my GCash MasterCard?

GCash MasterCard applications can be conveniently completed within the app. The GCash MasterCard can only be applied for by Fully Verified GCash users. GCash MasterCards cannot be issued until you have been fully verified.

GCash MasterCard can be applied for through the GCash app by following the simple steps below:

  • Step 1:  The “Show More” option can be found on the dashboard of your GCash app when you log in.
  • Step 2:  Select the category “Fund Management” within which you want to cash out by clicking “Cash Out“.
  • Step 3:  You will be directed to the next screen when you click “Deliver“. You will be asked to provide an address where you would like your card to be shipped. Complete the form and submit it after you have checked all the information.
  • Step 4: All you have to do now is confirm the payment page. If you wish to purchase a GCash MasterCard, make sure you have funds in your GCash wallet. It costs PHP 150 to order the card. The card will also be delivered to your home for a fee of PHP 65.

Easy fund accessibility is one of the many benefits of having a GCash MasterCard. Your GCash MasterCard will give you the flexibility to withdraw cash whenever you want from your account.

How to Cash Out of GCash via GCash Partner Outlets?

Participating GCash Partner Outlets (GPOs) also allow you to cash out your GCash. Using partner outlets to cash in is both convenient and easy. In addition to running errands, going grocery shopping, and making purchases at merchants and shops, you may also be able to Cash Out of GCash while there.

Check out which merchants participate in the GCash Partner Outlet program before we look at how you can Cash Out of GCash.

Can I cash out my GCash at which partner outlets?

Cash Out at physical locations is made possible by GCash’s partnerships with several popular stores and merchants in the Philippines. Cashout is available at the following partner outlets.

  • Puregold
  • Robinsons Department Store
  • Possible
  • SM
  • Tambunting
  • TrueMoney
  • Villarica

The GCash Partner Outlets include a wide variety of popular Filipino merchants and stores.

GCash Partner Outlets are available in nearly all areas, so there is a high chance of finding one nearby.

GCash can be cashed out at partner outlets. How does it work?

However, there are some minor differences in how Cash Out works at partner outlets. Each GCash partner outlet’s steps are detailed in the app, which is good news.

You can cash out at partner outlets by following the easy steps below.

  • Step 1.  After logging in to the GCash app, select “Show More“.
  • Step 2. Click on “Cash Out” under “Fund Management“.
  • Step 3. A new window will appear with two options – “GCash MasterCard” and “Over the Counter“. To Cash Out, click the partner outlet under the “Over the Counter” group. You can view all partner outlets if your desired outlet does not appear.
  • Step 4. Cash Out instructions will be displayed in the GCash app for the chosen partner outlet. You can get your funds by following the easy steps.

The GCash wallet funds can be accessed by cashing out at GCash partner outlets.

We’ve compiled a list of some frequently asked questions about Cashing Out at partner outlets.

FAQs about Cashing Out of GCash at Partner Outlets

When I Cash Out using GCash, do you help me find a nearby partner outlet?

Without a doubt. You can use the GCash app’s location feature to locate participating partner outlets that support Cashing Out near you using the GCash app. The Cash Out section of the app has the option to view nearby locations.
In situations such as these, your favorite partner outlets may be physically farther from you, and you may need cash fast.
Get directions to a partner outlet near you by using your GCash app.

Are there any fees to Cash Out of my GCash account at partner outlets?

Cashouts from GCash at over-the-counter partner outlets will incur a 2% withdrawal fee. Consequently, you should use this option whenever you need money urgently, and preferably only for small amounts. By doing so, you save relatively little money on the 2% fee.

How to Cash Out of GCash via Bank Transfers?

GCash accounts can also be accessed directly through direct bank transfers. The liquid assets, namely money, can then be transferred from GCash to your bank account. So, you could withdraw the funds as cash from your bank’s ATM or use them for whatever you would normally use your bank account for.

Check out which banks are supported by the GCash app before we show you how to Cash Out via bank transfer.

Which banks can I Cash Out to from my GCash account?

Cash Out can be done to a variety of banks in GCash’s ecosystem. The GCash app’s “Bank Transfer” option will show you all bank you can Cash Out to, so you can easily view the list.

At this time, the following banks are supported:

  • It is a subsidiary of AllBank (Third Party Thrift Bank).
  • In the province of Guinobatan, Asenso (the rural bank) operates.
  • Corporation of Asia United Bank
  • Rural Bank of the Philippines, Inc.
  • Banking institution
  • An affiliate of BPI, BanKo
  • Abayud
  • Bank of the Philippines Network
  • BDO Unibank, Inc.
  • Binangonan Rural Bank (BRBDigital)
  • BPI / BPI Family Savings Bank
  • Camalig Bank
  • CARD Bank Inc.
  • Cebuana Lhuillier Bank / Cebuana Xpress
  • China Bank Savings, Inc.
  • China Banking Corporation
  • Coins.ph (DCPay)
  • CTBC Bank (Philippines) Corporation
  • Development Bank of the Philippines
  • Dumaguete City Development Bank
  • Dungganon Bank (A Microfinance Rural Bank), Inc.
  • East West Banking Corporation
  • Equicom Savings Bank, Inc.
  • GrabPay
  • ING Bank N.V.
  • ISLA Bank (A Thrift Bank), Inc.
  • JuanCash (Zybi Tech Inc.)
  • Komo / EastWest Rural Bank
  • Legazpi Savings Bank
  • Malayan Bank Savings and Mortgage Bank, Inc.
  • Maybank Philippines, Inc.
  • Metropolitan Bank and Trust Co.
  • Mindanao Consolidated CoopBank
  • Netbank
  • OmniPay, Inc.
  • Partner Rural Bank (Cotabato), Inc.
  • PayMaya Philippines, Inc.
  • Philippine Bank of Communications
  • Philippine Business Bank, Inc., A Savings Bank
  • Philippine National Bank (PNB)
  • Philippine Savings Bank
  • Philippine Trust Company
  • Producers Bank
  • Queenbank
  • Quezon Capital Rural Bank
  • RCBC/DiskarTech
  • Robinsons Bank Corporation
  • Seabank
  • Security Bank Corporation
  • ShopeePay
  • Standard Chartered Bank
  • Starpay
  • Sterling Bank of Asia, Inc., A Savings Bank
  • Sun Savings Bank, Inc.
  • TayoCash
  • UCPB Savings Bank
  • Union Bank of the Philippines
  • United Coconut Planters Bank (UCPB)
  • USSC Money Services
  • Veterans Bank
  • Wealth Development Bank

You can cash out from your GCash account to a number of banks in the Philippines.

GCash to my bank account: how do I do it?

If you want to deposit money into your bank account using your GCash wallet, follow these steps:

  • Step 1.  From your dashboard view, click the “Send Money” menu within the GCash app. Afterwards, click on “Bank Transfer” or “Send Money to Bank“.
  • Step 2. Choose your bank from the list of all supported banks. Once you have entered the amount you wish to transfer out of GCash, you will be asked for your name and account number as well as other information needed to complete the transfer.
  • Step 3.  Submit your transfer request after checking the amount and other details. A notification will be sent to you also indicating that the transfer request has been processed once you confirm.

FAQ about Cashing Out of GCash to Bank Account

What is the processing time for GCash Cash Outs to my bank account?

GCash should process your Cash Out transfer request immediately if everything goes smoothly and there are no errors. GCash customer service should be able to assist you if the funds do not arrive in your bank account.

My GCash account is cashing out to my bank account, are there any fees?

GCash accounts can be cashed out to bank accounts for a fee. Money transfers between your GCash account and your bank account are charged at PHP 15. The fee will be very high for small amounts, so we recommend you do not Cash Out small amounts since you cannot avoid this flat fee.
It’s quick, easy, and safe to withdraw money directly from GCash.

In what way can I withdraw money from GCash to a Makatizen Card?

GCash can be cashed out to your Makatizen Card using another mechanism. The first thing we need to understand is what is a Makatizen Card and how to Cash Out GCash to it.

Makatizen IDs and Makatizen Cards: what are they?

Designed to make it easy for you to access social benefits, including health, medical, scholarships, allowances, and other benefits associated with Makati, the Makatizen ID is part of the Makatizen ID Universal Card System. GCash can also be linked to your Makatizen ID, which is also a valid government ID.
In addition to being a debit card, your Makatizen Card can be used for mobile payments and transactions across 33 million Mastercard merchant properties worldwide.
 The same card can also be used at any iBayad merchant. Makatizen loyalty points can also be earned through the Makatizen Card.

What is the process to Cash Out of GCash to my Makatizen Card?

A GCash Partner Outlet (GPO) is the nearest location where you can cash out funds from your GCash account. Your Makatizen Card account will receive the funds after the transfer is successfully completed.

Are there any fees to Cash Out of my GCash account to my Makatizen Card?

A 2% service fee will be charged on cash out to Makatizen Cards made at GCash Partner Outlets. The Makatizen Card can also be used to withdraw funds from GCash.
How to Cash Out GCash


GCash Wallet provides you with the ability to pay bills, make purchases, and do other financial transactions, but sometimes you just need cash to get by. Cash Out on your GCash account is convenient in such cases.

In addition to Cashing Out to the GCash MasterCard, you can also withdraw from the GCash Partner Outlets or even deposit the money into your bank account. When you need to withdraw some money from your GCash wallet quickly, you can use any of these methods. 

Similar Posts