Online banking and e-wallets like GCash are two of the most popular payment methods in the Philippines. This informative post will cover the differences between the two, provide information regarding any fees and finish off with the steps for performing the process itself.

Read along to learn all about the interaction between these payment methods, and feel free to use the navigation bar below to jump to a relevant section in the blog.

The Difference Between Metrobank and GCash

The main difference between Metrobank and GCash is that the former is a Filipino bank, while the latter – is a popular e-wallet in the country. Usually, when you transfer money between two e-wallets, you will most likely not have any fees.

However, while GCash is a mobile wallet that offers a convenient way to send money and shop online, it differs from a bank. As such, there will be a Metrobank to GCash transfer fee for the transaction.

In our opinion, this fee isn’t something to be concerned about, as it is standard procedure when managing transfers between a bank and an e-wallet. Thankfully, managing finances between the two platforms is very simple, as you’ll find out further in our blog.

There is a reason why Metrobank and GCash are two of the most popular payment methods among Filipinos, as they allow secure ways to deposit funds at the best online casinos for real money in the Philippines.

Metrobank – A Popular Choice Among Filipinos

The Metropolitan Bank & Trust Company, also known as Metrobank, is the fourth largest bank in the Philippines. It offers various financial services, such as regular and online banking and managing multiple accounts. There are two ways to manage your account – in the mobile app or via your desktop browser. It isn’t a surprise that Metrobank is a leader in depositing funds across the best online casinos in the Philippines.

✨ Name Metropolitan Bank & Trust Company
📟 Founded 1962
📅 Founder George Ty
🏢 Number of Branches/Locations 957 Branches, 2,345 ATMs
ℹ️ Website web.metrobank.com.ph

Doing a Metrobank transfer to GCash is very simple. But, as we mentioned and as of the time of writing this post, there is a Metrobank to GCash fee of ₱25. This is normal when doing transfers from a bank to an e-wallet.

Before we delve into the actual process and steps for transferring funds between the two platforms, read along to learn more about the popular e-wallet GCash. With leading platforms such as these, making deposits for online gambling in the Philippines has never been easier.

GCash – Easy to Use & Reliable E-Wallet in the Philippines

GCash is a Filipino mobile payment service and a very popular platform in the country. At the time of writing this post, it has over 81 million active users and 2.5 million sellers and merchants in the Philippines.

✨ Type of Product Mobile Payments, E-wallet
🏢 Country Philippines
📅 Owner Globe Fintech Innovations Inc.
📟 Founded October 2004
ℹ️ Website www.gcash.com

The platform originated back in 2004 and offered prepaid phone credits. As the years went by, the payment became widely used among online gambling operators, and today, there are many online casinos that accept GCash. It has an extensive network of partners and is widely used in the country.

GCash also has partnerships with over 139,000 merchants, allowing you to shop at numerous nationwide stores, all within an easy-to-use, intuitive mobile app. Some of the categories include entertainment, food, supermarket goods, and more.

All of this shows that GCash is a widely used service among Filipinos, and with good reason. Its reliability, convenience and provided services are one of a kind.

Overview of the Transfer Process

We will give a brief overview of how to send money from Metrobank to GCash before jumping in with the exact steps. It is a simple process, however, please note that the Metrobank to GCash fee will be ₱25, as we briefly mentioned above.

As one platform is an online banking service, while the other is an e-wallet, you will need to have an account registered with Metrobank. You can send money to any GCash user, regardless of if it’s you or somebody else. Without further ado, here are the steps you’ll need to follow to complete the Metrobank transfer to GCash.

Metrobank to GCash Transfers in a Few Easy Steps

There are two ways to complete a Metrobank transfer to GCash. You can either use your computer and enter your Metrobank account via the browser or proceed with the mobile app. Regardless of which method you choose, you will see your account balance, and the process will be seamless.

Here is how you can perform the transfer when using Metrobank’s mobile app:

  1. Open the Metrobank app and select “Transfer to Other Bank”.
  2. Choose InstaPay, as it allows a faster process time.
  3. Select “One-Time Transfer” and tap the “Transfer” button.
  4. Choose “GCash”.
  5. Enter the details you will see on your screen.
  6. Tap “Next” and select the source account for your fund transfer.
  7. Enter the amount you’d like to transfer.
  8. You will receive a One-Time Password sent to your phone number.
  9. When you enter this password and select “Submit”, the transfer will be completed.

There are a few notes that we’d like to add regarding this process. When you enter the details after choosing GCash, you will have an option of entering the email address of the recipient or their phone number.

Depending on the chosen selection, the recipient will either get an email notification or a phone text message for the transfer completion. The daily transaction limit is ₱50,000 per source account, and the Metrobank to GCash transfer fee will be ₱25.

If you do not receive your OTP (One-Time-Password) (step 8), you can click the Resend button to try again. You will need it to authenticate that you are the owner of the Metrobank account.

When it comes to doing this process via the desktop Metrobank platform, the steps will be similar to what we described above.

The InstaPay option processes the transaction right away. And, by using Metrobank, you can send money to anyone who owns a GCash account, making things as convenient as possible.

Our Final Thoughts and Details

It is time to conclude our informative post and provide you with our final thoughts and remarks. In our opinion, both Metrobank and GCash are very reliable platforms for Filipino users. Both have been operating for a long time and have a proven reputation.

The fact that you can transfer funds from a bank to an e-wallet is not only convenient but also simple and easy. With an instant processing time, anyone who owns a Metrobank account can directly send funds to a GCash user.

This allows Filipino users to manage their funds and make money transfers whenever needed, all done through two safe and secure platforms. Transferring money has never been easier, and with the evolution of the Internet, we’re sure things will get even simpler.

Frequently Asked Questions

In the section below, you will find quick answers to the segments discussed in the blog. We covered a lot, and the most common inquiries are below – you can click on the links that will take you to the relevant section of the blog post.

What is the difference between Metrobank and GCash?

To briefly summarize, the difference between the GCash and Metrobank platforms is that one is an e-wallet, while the other is a bank. E-wallets allow for easy money transfers between users, while the other platform allows you to have several banking accounts.

What is Metrobank?

As we covered at the beginning of our Metrobank to GCash post, Metrobank in the Philippines is the fourth largest bank in the country. It is a reliable platform among Filipinos to store, send, and manage funds across the board. This can also be done to e-wallets like GCash.

What is GCash?

This is one of the most popular e-wallet payment services in the Philippines. The GCash platform allows its users to easily send and transfer money from one destination to another and is widely used in the country. Paying for products and services has never been easier with the existence of GCash.

Is there a Metrobank to GCash fee?

As of the time of writing this post, Metrobank to GCash money transfers have a fee of ₱25. This is normal, as is with any transaction happening between a bank and an e-wallet. However, the process for the transfer itself is made simple and convenient for users.

How to transfer money from Metrobank to GCash?

As we discussed in our blog, the steps on how to send money from Metrobank to GCash are very simple. You’ll need to have a Metrobank account and a mobile device or a computer. Then, with the outlined steps, you can send funds to any GCash user.



Source link

Tag

Random Posts