Home » Articles » Technology

How to Transfer Money from Wise to GCash Using TransferWise

How to Transfer Money from Wise to GCash Using TransferWise
"""For a long time, sending money overseas required a personal visit to a Western Union or other remittance service. You can send and receive money with ease using your smartphone or computer today. All of these things are now possible thanks to mobile wallets like GCash and online remittance services like Wise (formerly TransferWise). ,'_com-box-3','ezslot_4',183,'0','0'_('div-gpt-ad-_com-box-3-0');
Wise is a relatively new online money transfer service that was established in 2011 and aims to disrupt the global remittance industry by offering real currency exchange rates and low fees. When using Wise to send money to loved ones in other countries, customers stand to save hundreds of dollars each month on transaction fees. The same is true for entrepreneurs and businesses that pay their employees in a variety of nations using Wise.
When converting your dollars (or any other foreign currency) to Philippine pesos, Wise uses the actual foreign exchange rate, which sets it apart from other money transfer services. For instance, if the current USD to PHP exchange rate is $1 to 56, Wise will provide you with the actual rate, which is 56. You will only receive 54 pesos for every $1 you send to your recipient because other money transfer services will reduce the currency exchange rate by a few pesos. ,'_com-medrectangle-3','ezslot_5',191,'0','0'_('div-gpt-ad-_com-medrectangle-3-0');
Sign up for Wise and steer clear of other money transfer services that charge exorbitant fees if you want to save money on transfer fees and currency exchange rates. Have questions about Wise? You can learn more about Wise and how to send and receive money abroad by reading this article. You can also directly sign up for your free Wise account by clicking on this link.
Numerous Philippine banks, including BDO, BPI, Metrobank, UnionBank, Land Bank, and others, are supported by Wise. However, you can transfer funds from your Wise account to a GCash wallet—either your own or someone else's—even if you do not have a bank account. Wise to GCash transfers function in the same way that local banks do, and you can take advantage of low fees and actual exchange rates.
Since GCash doesn't require any introduction, let's get started with this step-by-step guide on how to transfer funds from Wise (TransferWise). 300,250],'_com-medrectangle-4','ezslot_6',192,'0','0'_('div-gpt-ad-_com-medrectangle-4-0');
How to Transfer Money from Wise to GCash in the Table of Contents Step 1: Step 2: Sign in to your Wise account. Step 3: Select the funding source Step 4: Enter the amount to be sent. Step 5: Indicate the recipient Step 6: Enter the recipient's information Step 7: Go over the transfer's specifics. Your fund transfer has begun. A Quick Summary of How to Transfer Money from Wise to GCash Using the Mobile AppStep 1: Step 2: Select ""Send money"" Step 3: Enter the amount to be sent. Step 4: Select your recipient Step 5: Fill in your account information Step 6: Go over your transfer's specifics. How to Transfer Money from Wise to GCash This article assumes that you already have an active and verified Wise account. Frequently Asked QuestionsClosing Words Read this article to learn how to submit a valid ID and/or proof of address to verify your Wise account if it has not already been verified.
Step 1: Log in to your Wise account First and foremost. On the left navigation bar, click the green ""Send money"" button after logging in.

Step 2: Choose the source of the funds The next step is to select the destination of the transferred funds. Either the funds in your Wise balance or your bank account can be used. The currency of your Wise account is displayed as the balance, such as USD or EUR.

Step 3: Make sure the ""International"" tab is selected when entering the amount to be sent. Indicate the amount you want to send to your GCash wallet or the wallet of your recipient in the ""You send exactly"" field. The following information will appear below the amount that you enter: 336,280],'_com-box-4','ezslot_7',193,'0','0'_('div-gpt-ad-_com-box-4-0');

The transaction fee that will be deducted from the principal amount is shown here.
The principal amount before conversion to your local currency is the total amount we will convert.
The currency exchange rate that is guaranteed throughout the transfer is referred to as the guaranteed rate.

Pay attention to the fact that you can also enter the precise amount you want to send in Philippine pesos (PHP). Simply enter the amount in the ""Recipient gets"" field, and the equivalent in other currencies will be displayed above it.
Click ""Continue"" after entering the amount you want to send.

Step 4: Select the recipient In the ""New recipient"" section, select whether to send the money to yourself (hereinafter ""Me"") or to another individual.

Step 5: Click the ""E-Wallet"" tab after entering the recipient's details.

You only need to choose the e-wallet provider (GCash) and your GCash number if you're sending money to yourself. Select ""GCash"" from the list of supported e-wallets by selecting ""Bank code"" from the drop-down menu. 300,250],'_com-banner-1','ezslot_9',194,'0','0'_('div-gpt-ad-_com-banner-1-0');
You will be required to provide additional information, such as the full name and address of the account holder (recipient) if you are sending money to someone else.

Select the country code +63 under ""Account number,"" then enter your 10-digit GCash account number without the prefix 0. For instance, if the GCash number is 09123456789, only 9123456789 should be entered in the box following the country code +63.
To continue, select ""Confirm.""

Step 6: Examine the specifics of the transfer It is time to examine the specifics of your fund transfer. Check that all of the information you provide is correct, especially the GCash number of your recipient.
To continue with the transaction, click ""Confirm and send"" after reviewing the transfer details. 336,280],'','ezslot_11',195,'0','0'_('div-gpt-ad--0');

Step 7: Wise will now begin processing your transfer request and provide you with an estimate of when the funds will reach your or the recipient's GCash account. The estimated time of arrival means that the fund transfer may take longer or shorter than anticipated.
According to our experience, Wise to GCash transfers typically take less than two hours to complete. In any case, Wise will send you an email when the money reaches the GCash account of your recipient.

Simply click ""Track your transfer"" to keep track of the transfer.
Keep in mind that the details of your GCash account will be added to your recipient list on the Recipients page. If you sent money to someone else, their GCash information will also be saved to your list of recipients, so you won't have to enter their account information again.,,_;

Quick Guide to Making a Money Transfer from Wise to GCash Sign in to Wise and select ""Send Money"" from the left navigation bar.
Choose whether the money will be taken from your Wise balance or a bank account outside of Wise.
Click the ""Continue"" button after entering the amount you want to send.
You have the option of sending the money to yourself or to another individual.
Select the ""E-Wallet"" option.
Choose ""GCash"" as the provider of the e-wallet.
Enter the GCash account number of either you or the recipient.
Select ""Confirm.""
After reviewing the transfer's specifics, select ""Confirm and send.""
The transfer of your funds has begun. The cash ought to arrive within a few hours or minutes.

How to Use the Mobile App to Transfer Money from Wise to GCash Wise has a mobile app that makes it simple to withdraw or transfer money to your local bank account or to e-wallets like GCash, Maya, and others. We've created a separate section to walk you through the process of transferring money to GCash because the Wise mobile app's design and interface differ from the website's.
You can get the Wise mobile app from Google Play (for Android) or the App Store (for iOS) if you don't already have it installed on your phone.
Step 1: Launch the Wise app and log in to your account by selecting ""Send money."" Tap the green arrow button at the bottom of the screen after logging in.
There are three choices for you: to add money, send money, or receive money. Choose ""Send money. ”{336,280],'_com-large-mobile-banner-1','ezslot_14',197,'0','0'_('div-gpt-ad-_com-large-mobile-banner-1-0');

Step 2: After entering the amount to be sent, choose where the money will be sent. You can send money from your Wise balance or from a bank account outside of Wise.
In the ""You send exactly"" field, enter the amount to be sent. After you enter the amount, you will see the total amount you (or your recipient) will receive in Philippine pesos, the total amount that will be converted, the guaranteed exchange rate, and the total transfer fees.
The ""Recipient gets"" field can be used to specify the exact amount to send in Philippine pesos. The transfer fees and principal amount will be adjusted accordingly.
To move on to the following step, tap ""Continue.""

Step 3: Select your recipient Indicating your recipient is the next step. Regarding ""Who are you sending to?"" tap the plus (+) icon in the upper-right corner of the screen. Choose whether to send the money to yourself (hereinafter referred to as ""Myself"") or to another individual (336,280], ""_com-large-mobile-banner-2,"" ""ezslot_15,"" 198,"" ""0,"" ""0,"" ""_(""div-gpt-ad-_com-large-mobile-banner-2-0""));

Step 4: Enter your account information Now is the time to enter your account information or that of your recipient. However, you must first select the ""E-Wallet"" tab.
Select ""GCash"" from the field labeled ""Bank code."" After that, type in your 11-digit GCash number.
You will also need to include the recipient's full name and address when sending money to another person.
Press ""Confirm"" when you are finished.

Step 5: Check the details of your transfer to ensure that everything is correct. Check the details of your transfer. To move forward with the transfer, tap ""Confirm and send.""

Step 6: The fund transfer has begun, and the money is on its way to your or your recipient's GCash account. You will receive an email from Wise when the transfer begins, so check your GCash balance frequently. When the money has been credited to your GCash account, GCash will also send you an SMS. 580,400],'_com-leader-2','ezslot_16',199,'0','0'_('div-gpt-ad-_com-leader-2-0');
Frequently Asked Questions How long does it take for my GCash account to receive the funds? Wise will tell you when the money will be credited to your or your recipient's GCash account, in either minutes or hours. We know from personal experience that the fund transfer takes about two hours to complete. How will I be aware that the funds have been deposited into my GCash account? When the money reaches your account, GCash will notify you via text message. You can check your balance by opening your GCash wallet if you did not receive a text message. Check to see if the Wise fund transfer is already reflected on your account by tapping the ""Transactions"" tab. What should I do if I sent the money to the wrong person by accident? You have thirty minutes to cancel the transfer if you entered an incorrect GCash account number by accident. Beyond that, you will need to contact the Wise Help Centre for assistance. I didn't get the GCash money. What ought I to do? You can go to the Wise Help Centre and ask for assistance with your transaction if the money hasn't been credited to your or your recipient's GCash account.
Having said that, signing up for Wise (TransferWise) is unquestionably a smart move that will ultimately save you a significant amount of money. Wise is not only faster than international wire transfers but also several times less expensive than Western Union and other traditional money transfer services. Your hard-earned money will be there when you need it because Wise supports the majority of local banks in the Philippines as well as major e-wallets like GCash and Maya (PayMaya). 300,250],'_com-leader-3','ezslot_17',600,'0','0'_('div-gpt-ad-_com-leader-3-0');
Tags: GCash Money Transfer Wise""" - https://www.affordablecebu.com/

Please support us in writing articles like this by sharing this post

Share this post to your Facebook, Twitter, Blog, or any social media site. In this way, we will be motivated to write articles you like.

--- NOTICE ---
If you want to use this article or any of the content of this website, please credit our website (www.affordablecebu.com) and mention the source link (URL) of the content, images, videos or other media of our website.

"How to Transfer Money from Wise to GCash Using TransferWise" was written by Mary under the Technology category. It has been read 1037 times and generated 0 comments. The article was created on and updated on 01 February 2023.
Total comments : 0