4 Simple Ways to Cash Out of your GCash Account

Q: How can I apply for my GCash MasterCard?

You can conveniently apply for your GCash MasterCard from within the GCash app . Note that you must be a Fully Verified GCash user to be eligible to apply for a GCash MasterCard. If you are not fully verified yet, make sure to do so before getting your GCash MasterCard. Follow the simple steps below to apply for your GCash MasterCard from the GCash app: Step 1 – Login into your GCash app and click on Show More option on your app dashboard. Step 2 – Look for the category called Fund Management and within it, click on Cash Out. Step 3 – In the next screen, click on Deliver. You will see a form where you will need to fill out your address where your card can be shipped. Once you have checked all the information, submit the form. Step 4 – Confirm the payment page, and you are all set. Make sure you have enough funds in your GCash wallet to pay for the GCash MasterCard. The fee for ordering the card is PHP 150. You will also have to pay a PHP 65 fee for delivering the card to your home. There are numerous advantages to have a GCash MasterCard with easy fund accessibility being a big one. If you want the flexibility to withdraw cash anytime from your GCash account, you should consider getting your GCash MasterCard.

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Frequently Asked Questions about using your GCash MasterCard to Cash Out of GCash

How can I apply for my GCash MasterCard?

How to Cash Out of GCash via GCash Partner Outlets?

How to Cash Out of GCash via Bank Transfers?

How to Cash Out of GCash to a Makatizen Card?

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

Conclusion

GCash is a mobile wallet prevalent in the Philippines. It is a very convenient way to carry your money with you without having to manage cash or cards. GCash has seen tremendous adoption in the Philippines with 55 million registered users as of May 2022.

While most of the times you will typically load money into your GCash account (also called Cashing In into your GCash account), sometimes you may also have a need to take money out of your GCash wallet. This is totally possible as your money sitting in your GCash account is liquid (like cash) and you are able to access it anytime.

The process of withdrawing funds from your GCash account is also called "Cashing Out". In fact, throughout the GCash ecosystem, the term Cash Out is more prevalent than other related ones. All of GCash documentation and help pages refer to fund withdrawals as Cash Outs, so we will be using this term as well in the rest of this article.

Cashing Out is synonymous to 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!

How can I withdraw money from my GCash account?

There are a few ways you can Cash Out of your GCash account; these include:

Method 1: Cash Out using GCash MasterCard
Method 2: Cash Out using GCash Partner Outlets
Method 3: Cash Out using Bank Transfers
Method 4: Cash Out using Makatizen Card

There are many ways to Cash Out from your GCash account.

In the remainder of this article, we will discuss more details about the above ways to Cash Out from your GCash account.

A person making a payment using a mobile wallet application installed on their black Android smartphone

Recall that you can also send money into your GCash account, even from overseas. In case you are trying to send funds from abroad back to the Philippines, and prefer receiving funds in directly your GCash account, there are many great choices available to do so. Search on our money transfer comparison engine for your desired country combination to see many good choices to send money to GCash from overseas.

How to Cash Out of GCash via GCash MasterCard?

One of the most convenient ways to Cash Out of your GCash account is to use the GCash MasterCard. If you have a GCash MasterCard, you can simply go to participating ATMs and use your card to withdraw cash like you would with any regular debit card.

Below are some useful FAQs that you may have related to using the GCash MasterCard to Cash Out of your GCash account using this method.

Frequently Asked Questions about using your GCash MasterCard to Cash Out of GCash

Which AMTs can I use to Cash Out of GCash using my GCash MasterCard?

You can use ATMs that are affiliated with BancNet or GCash MasterCard (both within the Philippines as well as worldwide) to withdraw money from your GCash MasterCard. This works just like withdrawing cash from an ATM using your Debit Card.

How can I locate ATMs that support Cashing Out of GCash with my GCash MasterCard?

You can visually locate participating BancNet or GCash MasterCard ATMs to withdraw funds from your GCash account. Simply look at your ATM machine and see if you can spot the BancNet or MasterCard logo. If you see them, then that ATM can be used to withdraw cash via the GCash MasterCard. Also, you can withdraw funds at participating ATMs both in the Philippines as well as internationally.

What PIN number should I use to Cash Out of GCash using my GCash MasterCard at an ATM?

When you use a participating ATM to withdraw money out of your GCash MasterCard, you can use your GCash MPIN (Mobile PIN) as your ATM PIN. This is good news as you do not need to setup a separate PIN for your GCash MasterCard.

Use your GCash MPIN as your ATM PIN when using your GCash MasterCard to Cash Out at eligible ATMs.

Is GCash MasterCard available to all GCash users?

Currently, GCash MasterCard is only available to Fully Verified GCash account users. If you have a Basic GCash account, you will need to verify your GCash account before you can apply for a GCash MasterCard.

Are there any fees to get a GCash MasterCard?

Yes, there are some fees involved when you get a GCash MasterCard. You will have to pay a PHP 150 fee to get your GCash MasterCard. Note that there is also a PHP 65 delivery fee to ship you the physical card.

Are there any fees to use my GCash MasterCard to Cash Out of my GCash account?

You may have to pay fees to withdraw funds from participating ATMs as below:

Within the Philippines, you may have to pay a PHP 10 to PHP 18 ATM withdrawal fee
If you use an overseas ATM, you may have to pay a PHP 150 ATM withdrawal fee

What else can I do with my GCash MasterCard?

Your GCash MasterCard works like any other MasterCard, and you can use it for a multitude of purchases and making other payments. For example, you can make purchases at 35.9 million participating MasterCard merchants in 210 countries and 150 currencies.

A couple of MasterCard credit cards lying on a table

As you can see, your GCash MasterCard really works like a Debit Card and affords you the convenience of accessing your GCash account balance as cash. Plus, as a standard MasterCard, it opens the door to make purchases at millions of participating merchants that accept MasterCard payments.

GCash MasterCard can be a useful asset to have - not only can you shop everywhere where MasterCard is accepted, but you can also Cash Out of GCash with it.

If you do not have a GCash MasterCard, consider ordering it so you have the flexibility when needed. If you are wondering how to get your GCash MasterCard, we have you covered in the next section.

How can I apply for my GCash MasterCard?

You can conveniently apply for your GCash MasterCard from within the GCash app. Note that you must be a Fully Verified GCash user to be eligible to apply for a GCash MasterCard. If you are not fully verified yet, make sure to do so before getting your GCash MasterCard.

Follow the simple steps below to apply for your GCash MasterCard from the GCash app:

Step 1 – Login into your GCash app and click on "Show More" option on your app dashboard.
Step 2 – Look for the category called "Fund Management" and within it, click on "Cash Out".
Step 3 – In the next screen, click on "Deliver". You will see a form where you will need to fill out your address where your card can be shipped. Once you have checked all the information, submit the form.
Step 4 – Confirm the payment page, and you are all set. Make sure you have enough funds in your GCash wallet to pay for the GCash MasterCard. The fee for ordering the card is PHP 150. You will also have to pay a PHP 65 fee for delivering the card to your home.

There are numerous advantages to have a GCash MasterCard with easy fund accessibility being a big one. If you want the flexibility to withdraw cash anytime from your GCash account, you should consider getting your GCash MasterCard.

How to Cash Out of GCash via GCash Partner Outlets?

You can also Cash Out of GCash at participating GCash Partner Outlets (GPOs). Cashing In at partner outlets is not only easy but also convenient. We all run errands, do grocery shopping and make purchases at merchants and shops, and if the merchant you visit also offers Cashing Out of GCash, you can get money in the same visit.

Before we see how you can Cash Out of GCash at partner outlets, let us see which merchants participate in the GCash Partner Outlet program.

Which partner outlets support Cashing Out of GCash?

GCash has partnered with several popular stores and merchants within the Philippines to help you Cash Out at physical locations. Below is the list of supported partner outlets you can go to for Cashing Out.

Puregold
Robinsons Department Store
Posible
SM
Tambunting
TrueMoney
Villarica

GCash Partner Outlets include numerous popular stores and merchants within the Philippines.

With such a good coverage, the chances that there is a participating GCash Partner Outlet nearby are really high.

What is the process to Cash Out of GCash at partner outlet locations?

Whilst the general process to Cash Out at partner outlets is similar, there are minor variations in the process. The good news is that the GCash app will tell you the exact steps to follow for each partner outlet.

Follow the easy steps below to get the exact steps to Cash Out at partner outlets.

Step 1 – Login into your GCash app, and from the dashboard view, click on "Show More".
Step 2 – Under the "Fund Management" category, click on "Cash Out".
Step 3 – You will see 2 options now – "GCash MasterCard" and "Over the Counter". Under the "Over the Counter" grouping, click on the partner outlet where you want to Cash Out. If you do not see your desired partner outlet listed, click on "View All".
Step 4 - The GCash app will show you exact instructions to Cash Out at the chosen partner outlet. Simply follow the easy to follow steps and get your funds.

Cashing Out of GCash partner outlets is a convenient way to access your GCash wallet funds.

Below are some common FAQs about Cashing Out at partner outlets that you may have.

Frequently Asked Questions about Cashing Out of GCash at Partner Outlets

Does GCash help me find nearby partner outlets to Cash Out from?

Yes, absolutely. GCash has a very useful feature whereby the GCash app can use your location to find participating partner outlets that support Cashing Out near you. Simply choose the "View nearby locations" option in the Cash Out section of the app.

This can be a very convenient feature if you need cash fast, and you may be physically farther away from your favorite partner outlets you use often.

Use your GCash app to find a nearby partner outlet to Cash Out at.

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

You will have to pay a 2% withdrawal fee when you Cash Out of GCash at over the counter partner outlets. Given this, you should use this option for times when you need money urgently, and ideally for lower amounts. That way, the 2% fee will be a relatively smaller amount.

How to Cash Out of GCash via Bank Transfers?

Another convenient method to Cash Out of your GCash account is to do a direct bank transfer of funds into your bank account. This way, we are able to move your liquid assets, i.e., money, from GCash to your bank. As a result, the funds are available to you in your bank account, and you could withdraw them as cash using your bank's ATM, or use them for anything else you use for bank account for.

Before we show you the process to Cash Out of GCash via a bank transfer, let us see which banks are supported in the GCash app to transfer money to.

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

GCash supports numerous banks in their ecosystem that you can Cash Out to. To easily see the list of supported banks, go to your GCash app "Bank Transfer" option, and you will be presented with a list of all available banks you can Cash Out to.

Below is the list of supported banks at this time:

AllBank (A Thrift Bank), Inc.
Asenso (Rural Bank of Guinobatan)
Asia United Bank Corporation
Bangko Mabuhay (A Rural Bank), Inc.
Bank of Commerce
BanKo, A Subsidiary of BPI
Bayad
BDO Network Bank
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
LANDBANK / OFBank
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

GCash supports a lot of banks in the Philippines to Cash Out to from your GCash account.

An office building location with the words Personal Banking written on top

What is the process to Cash Out of GCash to my bank account?

You can follow the below steps to send money from your GCash wallet to your bank account:

Step 1 – Login into your GCash app, and select the "Send Money" menu from the dashboard view. Then click on "Send Money to Bank" or "Bank Transfer".
Step 2 – You will see a list of all supported banks; choose your bank. Then fill in the amount you want to transfer out of GCash to your bank account as well as other needed details like your name and account number.
Step 3 – Check that the amount you are transferring as well as other details are accurate, and submit your transfer request. Once you confirm, your transfer request will be processed, and you will get an SMS notification mentioning the transaction was successful.

Frequently Asked Questions about Cashing Out of GCash to Bank Account

How soon will my Cash Out of GCash to my bank account be processed?

If everything goes smoothly and there are no errors, your Cash Out transfer request out of your GCash wallet to your bank account should be processed immediately. In case you do not receive the funds in your bank account, contact GCash customer support and they should be able to assist you.

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

Yes, there is a fee to Cash Out of your GCash account to your bank account. For every money transfer transaction you do from GCash to your bank account, you have to pay a fee of PHP 15. Given this flat fee you cannot avoid, we recommend you do not Cash Out small amounts as the fee will be a very high percentage of the transfer amount.

Cashing Out of GCash directly to your bank account is quick, safe and easy.

How to Cash Out of GCash to a Makatizen Card?

There is another mechanism to Cash Out of GCash and that is to your Makatizen Card. Before we see how to Cash Out of GCash to a Makatizen Card, let us first understand what is a Makatizen Card.

What is a Makatizen ID or Makatizen Card?

The Makatizen ID or Card is part of the Makatizen ID Universal Card System in the city of Makati, and was created to provide you with easy access to your social benefits that include health, medical, scholarship, allowance and other related benefits. Your Makatizen ID will also be a valid government ID, and can be linked to your GCash account.

Your Makatizen Card can be used as a debit card and can be used for mobile payments and transactions across 33 million Mastercard merchants around the world. You can also use the said card to make purchases at all iBayad merchants. You will also earn Makatizen loyalty points for using your Makatizen Card.

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

To Cash Out of your GCash account into your Makatizen Card, simply visit any GCash Partner Outlet (GPO) and execute an over the counter Cash Out transaction. Once the transfer is successfully completed, the funds will appear in your Makatizen Card account.

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

Since the Cash Out to Makatizen Card is an over the counter Cash Out at a GCash Partner Outlet, the standard 2% service fee will apply to your transaction.

You can also Cash Out of GCash to your Makatizen Card.

We have summarized this detailed guide on how to Cash Out of GCash in a short video. Check it out below to quickly review various easy ways to Cash Out of your GCash mobile wallet.

Conclusion

You would typically use your money in your GCash Wallet for making purchases, paying bills and doing other financial transactions, but sometimes you just need to access your money as cash. In such cases, you can conveniently Cash Out of your GCash account.

You can withdraw money out of your GCash account by Cashing Out to your GCash MasterCard, via GCash Partner Outlets, into your Bank Account or even to your Makatizen Card. Use any of these methods in case you need to quickly get some cash from your GCash wallet.

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