Are you looking for a quick and convenient way to transfer money to your loved ones in the Philippines? Look no further than Remitly and GCash! These two online payment platforms offer a seamless way to send and receive money with just a few clicks on your smartphone. With Remitly, you can securely send money to your chosen recipient, while GCash allows them to easily receive and cash out the money.
In this article, we’ll show you how to send and receive money from Remitly to GCash, so you can rest assured that your loved ones will get the financial support they need in a timely and hassle-free manner.
Before initiating a money transfer from Remitly to GCash, it is essential to create an account on Remitly’s website or by downloading their mobile app. Our experience of registering for an account was hassle-free and uncomplicated.
Important Note: In order to transfer funds from Remitly to GCash, it is necessary to have a fully verified GCash account. This involves providing a valid ID such as UMID, Driver’s License, or Passport. These documents are accepted as proof of identification by GCash and ensure the security and legitimacy of the transaction.
Steps to Send Money from Remitly to GCash:
After successfully logging into your Remitly account, you can proceed to send money to GCash by following the steps below:
Step 1: Select the correct destination Open Remitly and select the Philippines as the recipient country. Then, choose “Mobile Money” as the delivery location and select “GCash” as the wallet destination.
Step 2: Enter recipient and destination details Input the beneficiary’s name as registered on GCash, along with their GCash-registered account number. It is important to ensure that this information matches the registered details precisely.
Step 3: Input your payment details Choose your preferred payment method, which can be a debit card, bank account, or credit card. Note that the maximum amount of funds that can be received is P100,000.
Final step: Confirm and complete the transaction Check that all the information provided is correct and confirm the transaction. The remittance should be processed within a few minutes, and your beneficiary will receive an SMS notification confirming that the funds have been transferred to their GCash Wallet.
Remitly’s Fees to Send a Remittance to GCash
Remitly is an excellent option for individuals looking to send money to GCash from various countries across North America, Europe, and Asia. Based on their fee schedule, we recommend using Remitly for remittances from the United States, India, Japan, and more. If you want to learn more about Remitly, check out our in-depth review of their services.
Transfer Fees for Remitly to GCash:
The fixed fee charged by Remitly for sending money to GCash depends on the delivery service you choose. Economy transfers are free of charge, while the Express service incurs a fee of $3.99 per transfer.
Exchange Rates for Remitly to GCash:
Remitly applies the same exchange rate to both Economy and Express services when transferring money to GCash. On average, Remitly’s foreign exchange rate is 0.5% to 2.0% weaker than the actual mid-market price, which varies depending on the country and currency of the transaction. Remitly was rated the top remittance service to the Philippines by Monito in 2022, so you can trust that you’re getting a fair deal.
Transfer Limits for Remitly to GCash:
The maximum amount that can be received in a GCash wallet is P100,000, while the maximum amount that can be sent per month is $30,000 (or an equivalent amount).
Remitly to GCash Transfer Fees Chart Check out the chart below to see how Remitly’s fees are structured and what type of services they offer.
| Service | Payment | Fee | Exchange Rate | Speed |
|---|---|---|---|---|
| Express | Debit Card | $3.99 | 0.5% – 2% | Instant |
| Economy | Bank Account | Free | 0.5% – 2% | 3-5 business days |
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