Looking for the most cost-effective way to transfer funds from Coins.ph to GCash? Here's your comprehensive guide to minimizing or eliminating fees.
Best Free Cash Out Method: PESONet
If you're looking for a completely free option, consider using PESONet for larger transfers, as it incurs no fees for individual accounts.
Requirements for Cashing Out
Before you begin the cash-out process, ensure that your Coins.ph account meets the following requirements:
- ID and Selfie Verified: Your account must be verified with a valid ID and a selfie.
- Phone Verified: If you plan to use InstaPay or PESONet for cashing out, make sure your account has a linked phone number.
Steps to Cash Out from Coins.ph to GCash
Learn more on how to cash out from the Coins.ph app or website through the article here.
Important Consideration
PESONet operates on a batch settlement process during banking days (Monday to Friday), excluding public holidays. Here’s a detailed breakdown of its processing times:
Creation of PESONet Transaction |
Estimated Delivery Time |
| On or before 9:00AM on a banking day | Credited on or before 2:00PM of the same banking day |
| From 9:00AM to 12:00NN on a banking day | Credited on or before 6:00PM of the same banking day |
| From 12:00NN to 3:00pm on a banking day | Credited on or before 11:59PM of the same banking day |
| Weekends/ Holidays | Credited on or before 2:00PM on the next banking day |