Here’s an overview of how to cash out GCash in 7 11. With Gcash, cashing out is a simple process that allows you to withdraw money from your account.
You can learn how to cash out Gcash using a variety of methods, including over-the-counter transactions, ATM withdrawals, or via a linked bank account.
You can also use the “Instant Cash Out” feature to instantly withdraw funds to your GCash Mastercard.
We’ll go over all of these options in more detail below. Ready to learn more on how to cash out with GCash? If yes, then read till the end and also make sure you read up our article guide on how to verify Gcash account.
Gone are the days of scrambling for loose change or waiting in long ATM lines. GCash, the Philippines’ leading mobile wallet, makes turning your digital fortune into physical cash a breeze.
But with several options available, it can be a bit overwhelming for newbies. Worry not, because this intro will guide you through the cash-out process like a pro.
Steps On How To Cash Out Gcash?
You have several options for cashing out your GCash just as we have different options to load satellite using Gcash, Load Cignal using Gcash and also Load Gsat using Gcash.
Here are three options that anyone can use to cash out Gcash in 7 Eleven, in store or anywhere:
1. Over-the-counter cash-out:
Partner outlets: This is the most common option and allows you to cash out at various establishments like convenience stores (7-Eleven, Ministop), pawnshops (Cebuana Lhuillier, Palawan Express), supermarkets (Robinsons, SM Hypermarket), department stores (SM Store), among others.
Steps On How To Cash Out In 7 11:
- Open the GCash app and tap “Show More.”
- Under “Fund Management,” click “Cash Out.”
- Choose your preferred partner outlet.
- Enter the amount you want to cash out and provide your PIN.
- You’ll receive an SMS confirmation with a one-time password (OTP). Reply with the OTP to confirm.
- Head to the chosen outlet and present your valid ID, mobile number, and the SMS confirmation.
- You’ll receive the cash from the cashier.
2. Cash Out Using GCash MasterCard:
If you have a GCash MasterCard, you can withdraw cash directly from Bancnet ATMs.
Process:
- Insert your GCash MasterCard into the ATM.
- Enter your ATM PIN (same as your nominated 6-digit GCash card PIN).
- Select “Cash Withdrawal” and enter the amount you want to withdraw.
- Confirm the transaction and your cash will be dispensed.
3. Cash Out Gcash Using Bank transfer:
You can transfer your GCash balance to your linked bank account and then withdraw it from an ATM.
Process:
- Open the GCash app and tap “Cash Out.”
- Choose “Bank Transfer.”
- Select the linked bank account and enter the amount you want to transfer.
- Provide your MPIN to confirm the transaction.
- Once the funds are transferred to your bank account, you can withdraw them from any ATM using your bank card.
Requirements To Cash Out Gcash?
The requirements for cashing out your GCash depend on the method you choose, but here’s a general rundown:
For all methods:
- Valid GCash account: You need a verified GCash account with an active mobile number linked to it.
- Sufficient balance: Make sure your GCash balance covers the desired withdrawal amount and any applicable fees.
- MPIN: You’ll need your GCash MPIN (6-digit PIN) to confirm transactions.
Additional requirements based on method:
1. Over-the-counter cash-out:
- Valid ID: Present a government-issued ID, like a passport, driver’s license, or SSS ID, to the partner outlet cashier.
- Mobile number: The mobile number linked to your GCash account.
- One-time password (OTP): You’ll receive an SMS with an OTP after initiating the cash-out. Reply with the OTP to confirm the transaction.
2. GCash MasterCard:
- Activated GCash MasterCard: Ensure your GCash MasterCard is active and not expired.
- ATM PIN: Your ATM PIN is the same as your nominated 6-digit GCash card PIN.
3. Bank transfer:
- Linked bank account: You need a valid bank account linked to your GCash account.
- Bank account details: Know your bank account number and other relevant details for the transfer.
Fees And Limit For Cashing Out Gcash?
Cashing out your GCash can be free or incur fees depending on the method you choose. Here’s a breakdown of the current fees and limits:
1. Over-the-counter cash-out:
- Free: You can cash out up to PHP 8,000 per month for free at partner outlets like convenience stores, pawnshops, supermarkets, etc.
- 2% fee: Any amount exceeding PHP 8,000 within the same month will incur a 2% service fee. This fee is calculated based on the amount exceeding the limit, not the entire withdrawal amount.
2. GCash MasterCard:
- ATM Fee: This varies depending on the ATM provider and ranges from PHP 10 to PHP 18 per withdrawal.
- Balance Inquiry Fee: Some ATM providers may charge a small fee (usually PHP 2.50) for checking your balance.
3. Bank Transfer:
- Fixed fee: There’s a fixed fee of PHP 15 for transferring your GCash balance to any linked bank account.
Tips On How To Cash Out Gcash?
Cashing out your GCash doesn’t have to be a brain-scratcher. Here are some pro tips to make it smooth and seamless:
1. Choose the Right Weapon:
- Speed Demon: Partner outlets like convenience stores and pawnshops are quick and readily available, perfect for instant cash needs.
- ATM Avenger: Got a GCash MasterCard? Bancnet ATMs become your trusty allies, letting you withdraw anytime, anywhere.
- Banking Bridge: Linking your GCash to a bank account lets you transfer funds and tap into ATM networks for wider cash access.
2. Master the Maneuvers:
- Fee Fighter: Check transaction fees and limits for each method to avoid unwanted surprises. Partner outlets might have slightly higher fees than your own bank’s ATM.
- Balance Barometer: Always ensure your GCash balance covers the withdrawal amount and fees before initiating the transaction. Avoid the “insufficient funds” monster!
- Time Traveler: Partner outlets have operating hours. Plan your cash-out for convenient timings and avoid late-night dashes.
3. Security Fortress:
- MPIN Shield: Guard your MPIN like a secret treasure map. Never share it with anyone, not even GCash representatives or family members.
- OTP Gatekeeper: Treat your one-time passwords (OTPs) like temporary keys. Use them immediately and don’t share them with anyone, even if they claim to be from GCash.
- Suspicious Siren: Beware of phishing scams! GCash will never ask for your personal information or OTPs via text or email. If something feels fishy, report it immediately.
Bonus Rounds:
- Promo Power: Keep an eye out for GCash promos and rewards programs. Some partner outlets offer cashback or discounts on cash-out transactions.
- App Ally: Stay updated on the latest features and functionalities through the GCash app. You might discover a new, even more convenient way to cash out!
- Help Hero: Don’t hesitate to reach out to GCash’s customer support if you encounter any problems or have questions. They’re always ready to assist you.
With these tips, you’re now a certified GCash cash-out ninja! Go forth and conquer the world of digital finances, one convenient withdrawal at a time.
Remember, knowledge is power – and when it comes to GCash, that power translates to easy, secure, and hassle-free access to your money!
If you have any specific questions about using these tips or need further guidance on any aspect of cashing out your GCash, feel free to ask! I’m here to help you navigate the digital landscape with confidence.
Wrapping Up On How To Cash Out Gcash?
So, you’ve explored the exciting world of cashing out your GCash! Whether you prefer the familiar faces of partner outlets, the sleek swipe of your GCash MasterCard, or the seamless transfer to your bank account, there’s a method to match your every need.
Remember, convenience isn’t the only superpower here. You’ve also gained freedom from bulky wallets and long queues.
Embrace the digital age and enjoy the flexibility of having cash at your fingertips, wherever you may roam.