And because it is part of the GCash ecosystem, you can initiate a withdrawal anytime and the money goes to your GCash wallet. You can also convert it to real cash via atm if you have a GCash Mastercard, or transfer the funds to another bank using the Bank Transfer feature. GSave is a savings account, while GInvest is an investment vehicle. When you deposit or withdraw in GSave, you should get your money immediately.
When you invest or redeem in GInvest, it usually takes a while because there is a need to buy or sell shares in the market. Another difference is GSave has usually a fixed amount of interest, while GInvest earnings can fluctuate depending on the mutual fund you invested in. What does this mean? It just means that in a year, a Php investment will have a Php interest with taxes. Also another key difference from an ING savings account — you can only transfer the money to another bank account because you cannot withdraw funds via an ATM.
GSave is safe because it is a savings account, not an investment. Also, before you can withdraw any money from your account, you need to go through an OTP challenge. GSave does affect GScore positively. As you deposit more and withdraw less, GCash will see that you can be entitled to more credit. As a result, it will be a positive influence on GScore — even better if you also use the auto-debit feature.
You can earn up to g EP per transaction. However, if you have an existing CIMB account and the mobile number and the email address is the same as in your GCash account, it will notify you that you cannot use the Save Money feature. The workaround for this is to use a different email address to be a able to create a new GSave account. You can change your email address in the GCash app via the sidebar, by clicking your Personal Profile and changing your email address under your profile.
Yes, because once you reach the Php ,, you cannot deposit into the GSave account anymore in the app. This will allow you to deposit more, and as a result, you can use the high interest rate better as the amount grows even bigger.
You need to first be a fully verified user. Also, some conditions also apply like you should be a non US Filipino citizen, and should be more than 18 years old. You can now deposit any amount from your wallet, to your GSave account. From the main GSave page, you can make a deposit, make a withdrawal, schedule an auto-deposit and see your transaction history. Choose any amount minimum of Php 0. You will receive an SMS for a successful deposit.
You can choose any amount to withdraw and you will need to confirm the withdrawal amount. Car Insurance. Credit Card. Personal Loan.
Personal Finance. Government Services. About Us. Business Hour. Monday - Friday. Facebook Twitter Pin It. Withdraw Your GCash Balance 2. Pay for Online Purchases 3. Is GCash Mastercard a credit card or a debit card? Is GCash Mastercard safe to use? Can I have two GCash Mastercards? When will I receive my card?
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On top of these, you can use the GCash app to invest, book movies, withdraw or deposit cash, and top-up or borrow mobile phone credits load. To open a GCash account, you would need a Philippine mobile number to get started. GCash used to be available only to Globe or TM network users. But now, individuals that use other network providers can sign up and create a GCash account.
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