Sending money to the Philippines has evolved significantly from the days of queuing at remittance centers. Thanks to online services like Wise (formerly TransferWise) and mobile wallets like GCash, transferring funds is now faster, more convenient, and often cheaper.
This guide provides a step-by-step walkthrough of how to send money from your Wise account to a GCash wallet.
Why Choose Wise?
Wise stands out by using the real mid-market exchange rate, meaning you get a fairer conversion compared to many traditional remittance services.
This translates to significant savings, especially for regular transfers. Wise also supports numerous Philippine banks and e-wallets, providing flexibility for recipients.
Transferring Money from Wise to GCash (Web Version)
This guide assumes you have an active and verified Wise account.
- Log in and initiate transfer: Access your Wise account and click the “Send money” button.
- Select source of funds: Choose whether to transfer from your bank account or your Wise balance.
- Enter the amount: Specify the amount you wish to send. Wise displays the fee, exchange rate, and the amount the recipient will receive in PHP. You can enter the amount in either your sending currency or PHP. Click “Continue.”
- Specify recipient: Choose whether you’re sending to yourself or someone else.
- Enter recipient details: Select “E-Wallet” and choose “GCash” from the dropdown menu. Enter the 10-digit GCash number (without the leading 0) preceded by the country code +63. If sending to someone else, provide their full name and address. Click “Confirm.”
- Review and confirm: Double-check all details, particularly the GCash number. Click “Confirm and send.”
- Track your transfer: Wise provides an estimated arrival time and allows you to track the transfer’s progress. You’ll receive email notifications about the transfer status.
Transferring Money from Wise to GCash (Mobile App)
- Open the Wise app and select “Send money”: Log in to your account and tap the green arrow button. Choose “Send money.”
- Enter the amount: Similar to the web version, input the amount and review the fees and exchange rate. Tap “Continue.”
- Choose your recipient: Tap the plus icon and select yourself or another recipient.
- Enter account details: Select “E-Wallet,” choose “GCash,” and enter the 11-digit GCash number. If sending to someone else, provide their full name and address. Press “Confirm.”
- Review and confirm: Verify the transfer details and tap “Confirm and send.”
- Track your transfer: Wise will notify you via email and the app when the transfer is complete. GCash will also send an SMS notification upon receiving the funds.
Frequently Asked Questions
- Transfer time: Wise typically completes GCash transfers within a couple of hours.
- Confirmation: You’ll receive an SMS from GCash and an email from Wise when the transfer is complete.
- Incorrect recipient: If you made a mistake, you can cancel the transfer within 30 minutes. After that, contact Wise support.
- Transfer issues: Contact Wise support through their Help Centre if you encounter any problems.
Wise offers a convenient and cost-effective way to send money to the Philippines. Its transparent fee structure and real exchange rates make it a compelling alternative to traditional remittance methods.
By following this guide, you can seamlessly transfer funds from your Wise account to a GCash wallet, ensuring your money reaches its destination quickly and securely.