We can now send and receive money immediately with just a few taps of the screen thanks to mobile wallet applications like GCash. To send money to anyone in the Philippines who has a GCash account, all you need is a smartphone. However, this does not mean that you are able to transfer as much money as you would like because there are restrictions on the amount of money that can be sent or received in a single day or month.
Your verification level determines the limits of your GCash transactions. You can only have a maximum wallet limit of 50,000 and monthly incoming and outgoing limits of 10,000 each if you are a basic unregistered GCash user. You can increase your monthly cash limit to 100,000 by upgrading your GCash account to fully verified. Those who have been verified can also send up to 100,000 yen per day.var cid='7032517603';var pid='ca-pub-7798967042214800';var slotId='div-gpt-ad-_com-medrectangle-3-0';var ffid=1;var alS=1021%1000;var container=document.getElementById(slotId);var ins=document true});
In addition, your wallet limit and monthly cash in limit will increase to 500,000 if you link your fully verified GCash account to BPI, UnionBank, or Payoneer. The GCash app usually requires you to enter your bank account information to link your GCash wallet once. In addition to increasing your maximum number of transactions, linking your GCash account makes it simpler to add funds to or withdraw cash from your wallet.
If you're a new GCash user with a basic or unverified account, you can easily upgrade it by going through the ""Know Your Customer"" or one-time verification process. You will need to take a selfie and take a picture of your valid ID. How to verify and upgrade your GCash account is covered in detail in this article.
Table of ContentsTable of GCash Transaction LimitsWhat is the GCash Wallet Limit?What are the Transaction Limits?Incoming and Outgoing Transaction LimitsHow to Check Your GCash LimitHow to Increase Your GCash LimitFinal ConsiderationsTable of GCash Transaction LimitsThe GCash limits on wallet balance as well as incoming and outgoing transactions are listed in the table below.300,250],'_com-medrectangle-4','ezslot_6',192
LimitBasic (Unverified)Fully VerifiedFully Verified with Linked AccountEnterprise Maximum Wallet Balance50,000-100,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000-500,000
The maximum amount of money that can be stored in your GCash wallet at any given time is referred to as the wallet limit. Basic accounts have a wallet limit of 50,000 yen, while fully verified accounts have a wallet limit of 100,000 yen. Users who have linked accounts and have been verified have access to a maximum wallet limit of 500,000.
The GCash wallet limit does not apply to each wallet but rather to each customer. This means that you can have as many as two GCash wallets or accounts, but the wallet limit won't be increased by the number of accounts you have.
Every month, the wallet limit is reset to the full amount on the first day of the month. For instance, if you are a fully verified user and have a balance of 60,000 yen, your remaining wallet limit for the month is 40,000 yen; however, it will return to 100,000 yen the following month.
What are limits on transactions?
The maximum total amount you can spend in a given amount of time is known as the transaction limit. Depending on your account type or verification level (such as basic or fully verified), GCash limits can be set daily, monthly, or annually.336,280],'_com-box-4','ezslot_7',193,'0','0'_('div-gpt-ad-_com-box-4-0');
Similar to the wallet limit, GCash transaction limits cannot be increased by having more than one GCash account because they are per customer and not per wallet.
Every month, the monthly transaction limit is reset to the full amount on the first of the month. For instance, if you are a fully verified user and have a monthly incoming limit of 100,000 yen and have already cashed in 80,000 yen, you can only receive 20,000 yen for the remainder of the month. Your incoming limit will be reset the following month, and you can receive up to 100,000 yen.
Obviously, the maximum total amount you can spend in a single day is the daily transaction limit. The following day, the daily limit is reset.
Limits on Incoming Transactions The maximum total amount you can receive within a month is known as the cash in limit or incoming transaction limit. The following are examples of incoming transactions: [300,250], ""_com-banner-1,"" ""ezslot_9,"" and 194, ""0,"" ""0""_(""div-gpt-ad-_com-banner-1-0"")
Transfers from other GCash accounts, bank accounts (such as BDO, BPI, Metrobank, UnionBank, etc.), digital wallet transfers (such as PayMaya, Coins.ph, GrabPay, etc.), cash in from over-the-counter partners (such as Palawan Pawnshop, Tambunting, Bayad Center, 7-Eleven, etc.), PayPal and Payoneer withdrawals Basic accounts are limited to a monthly incoming transaction limit of 10,000, and fully verified Users who have linked accounts and are fully verified, as well as enterprise users, can cash in or receive up to 500,000 yen per month. In GCash, there are no daily incoming limits.
Limits on Outgoing Transactions The maximum amount you can spend or transfer in a single day, month, or year is known as the outgoing transaction limits. GCash's outgoing transactions include the following:
Transfers to other mobile wallets (PayMaya, Coins.ph, GrabPay), transfers or withdrawals to bank accounts (such as BDO, BPI, UnionBank), cash out through over-the-counter payment partners (such as Villarica, Tambunting, and Puregold), online shopping and in-store purchases, online bills payments, prepaid load purchases, and GCash MasterCard ATM withdrawals Save money in GCash, invest money in GCash For fully verified, fully verified with linked accounts, Monthly and annual outgoing limits for basic users are 10,000 and 100,000, respectively. Basic users can pay their bills and buy load, but they cannot send money.
How to Check Your GCash Limit As of this writing, the GCash app does not provide a convenient method for checking your remaining transaction limit. Nevertheless, you can determine your remaining GCash limit by adding up all of your monthly transactions and deducting the sum from your account's transaction limit. 336,280],'','ezslot_11',195,'0','0'_('div-gpt-ad--0');
On the GCash app, simply click the ""Activity"" tab to view your transaction history. There, you'll find a list of all your incoming and outgoing transactions. However, keep in mind that the most recent ones may not be included because it can take up to 24 hours for transactions to show up in your account.
There is a quicker and less time-consuming alternative to adding up all of your transactions and separating them into incoming and outgoing transactions. Requesting a copy of your transaction history and having it sent to your email address is what you can do.
Simply enter the following by tapping the mail envelope icon on the ""Transaction History"" screen:
Email To: Enter the email address to which the copy of your transaction history will be sent (most of the time, this field is automatically filled in). of Days—Choose ""Custom. “From – Select the first day of the month (for example, September 1, 2021) To – Select the end date” and press ""Confirm.""
A PDF copy of your transaction history will be sent to you via email after some time has passed. Read the email to find out your password, and then use the PDF document's password to open it.,'_com-leader-1','ezslot_12',196,'0','0'_('div-gpt-ad-_com-leader-1-0');
The following information can be found below the heading ""Ending Balance"" if you scroll all the way down the document:
Total Credit – Total incoming transactionsTotal Debit – Total outgoing transactionsTotal Credit – Total incoming transactionsTo calculate your monthly incoming limit, consult the GCash transaction limits table aforementioned, and then deduct the total credit from that amount. That will inform you of the maximum amount you are permitted to cash in or receive for the remaining days of the month.
Maximum Incoming Limit – Total Credit = Remaining Incoming (or Cash In) Limit In this example, the total credit (total incoming transactions) is 48,835.49 yen for the period of September 1-17, 2021. The maximum monthly incoming limit is 500,000 yen because the user is fully verified with linked accounts. As a result, the remaining incoming limit for the remainder of the month is 451,164.51 (500,000.00 minus 48,835.49 = 451,164.51). 336,280]'_com-large-mobile-banner-1','ezslot_14',197,'0','0'_('div-gpt-ad-_com-large-mobile-banner-1-0');
Similarly, you can simply subtract the total debit from your outgoing limit for incoming transactions.
Maximum Outgoing Limit – Total Debit = Maximum Outgoing Limit How to Increase Your GCash Limit If you are still a basic user, upgrading your account to fully verified is the best way to increase your GCash limit. All of the app's features, including the ability to withdraw money, send money to other GCash users, cash in from online banking accounts, and apply for a GCash MasterCard, will only be available after full verification.
Your wallet limit will increase from 50,000 to 100,000 yen and your monthly incoming limit (or cash in limit) will increase from 10,000 to 100,000 yen when you upgrade your GCash account from basic to fully verified. Additionally, it will eliminate monthly and annual limits on incoming transactions. Learn how to verify and upgrade your GCash account by reading this guide: [336,280], ""_com-large-mobile-banner-2,"" ""ezslot_15,"" 198, ""0,"" ""0,"" ""div-gpt-ad-_com-large-mobile-banner-2-0"");
You can link your GCash account to your BPI, UnionBank, or Payoneer account to increase your wallet limit and monthly incoming limit from 100,000 to 500,000 euros if you are already a fully verified user. Learn how to link GCash to BPI by reading this article. Check out this article to learn how to link GCash to your UnionBank account if you have one.
Open a GSave or GInvest account and deposit or invest at least 100 yen to increase your wallet limit to 500,000 yen. Your wallet and transaction limits will not be increased by using PayPal, GCash MasterCard, or American Express Virtual Pay because these services are not considered linked accounts.
After two business days, your limits will revert to 100,000 if you unlink all of your linked accounts. Simply open a support ticket if you want to go back to the lower limit without unlinking your accounts. Within seven business days, your request will be processed.
Final Thoughts Transaction limits serve their purpose by assisting GCash in adhering to anti-money laundering regulations and preventing misuse. However, if you need to send money to loved ones or pay important bills, these restrictions and limits can cause problems. Upgrade your GCash account to fully verified status, or better yet, link it to BPI, UnionBank, or Payoneer to take advantage of the maximum 500,000 limit. This is the simple solution. For the majority of individuals and non-business users, that is sufficient.
Call the GCash customer support hotline at 2882 (for Globe subscribers) or (02) 7730-2882 (for non-Globe subscribers) if you have any questions or concerns about GCash transaction and cash in limits. You can also send an email to support@gcash.com or open a support ticket. [580,400], ""_com-leader-2,"" ""ezslot_16,"" 199, ""0,"" ""0""_(""div-gpt-ad-_com-leader-2-0""));
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