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GCash review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

GCash suits Filipino adults who want an easy-access savings balance and a small loan in one app, without a monthly fee or a minimum deposit. Its 2.3% variable savings rate is modest, and lending runs through partner lenders at an origination fee of 3% to 5%.

Key facts

Best for
Filipino adults keeping a peso balance and borrowing in small amounts inside one app.
Headline rate
2.3%↗
Rate type
Variable↗
Minimum deposit
₱0↗
Access terms
Savings account opened and managed in the GCash app; 24/7 online banking available for CIMB and UNO Digital Bank↗
Monthly fee
₱0↗
Account kind
Easy access↗
Legal entity
G-Xchange, Inc.↗
Headquarters
Philippines↗
Founded
2004↗
Support channels
Help-centre, Phone↗
Pricing model
No monthly fee
Official website
gcash.com

Loans

APR
1.59% to 6.99%↗
Loan amount
₱500 to ₱150,000↗
Arrangement fee
3-5% of loan amount, deducted from the amount you will get↗
Credit check
Hard↗
Funding time
within 24 hours↗
Lender type
Broker↗
Free early repayment
No↗
Eligibility
Filipino citizens ages 18 and above↗
Origination fee (%)
3% to 5%↗
Loan types
Personal, Business, Credit-line↗
Features
Same-day funding

Facts checked September 26, 2026, 6 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaLinkedInX

Pros and cons

Pros

  • No monthly fee and no minimum deposit on the savings side: PHP 0 and PHP 0
  • Easy-access account type, ranked first on minimum deposit at 1 of 379
  • Loan amounts run PHP 500 to PHP 150,000 at an annual percentage rate of 1.59% to 6.99%
  • Same-day funding is available on approved loans, same day funding

Cons

  • Savings pays a variable 2.3%, below the site median of 3%
  • Loans work through a broker rather than a direct lender, broker
  • Free early repayment is not offered, and a hard credit check applies: hard
GCash

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Scored 9.0 / 10 by SumCue.

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Who it suits

  • Filipino citizens of adult age who bank mainly through a phone app
  • People who want a peso savings balance earning interest with no minimum and no monthly charge
  • Borrowers needing personal, business or credit-line loans for modest sums

Who should look elsewhere

  • People chasing the top savings rate, since bunq pays 3.01% and Wise pays 3.29%
  • Anyone wanting to clear a loan early, as free early repayment is not offered
  • Borrowers wanting direct-lender terms rather than a broker setup

Where it sits among rivals

On headline rate, GCash ranks 311 of 488 brands, with its 2.3% variable rate well under the 3% site median. On minimum deposit it takes the top spot at 1 of 379, since the savings side asks for PHP 0.

Fees and currency costs

The savings account carries a monthly fee of PHP 0 and no minimum deposit, PHP 0, so the cost of holding money in it is nothing beyond the rate. On the lending side, an origination fee of 3% to 5% is deducted from the amount you receive, which lifts the cost of a PHP 500 to PHP 150,000 loan.

How GCash compares

Where GCash is available

Available
Australia, Canada, Germany, Hong Kong, Italy, Japan, Kuwait, Philippines, Qatar, Saudi Arabia, Singapore, South Korea, Spain, Taiwan, United Arab Emirates, United Kingdom, United States
Licence in Philippines
Bangko Sentral ng Pilipinas, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does GCash pay on savings?+

The savings balance pays a variable rate of 2.3%. That is a modest return next to the site median of 3%, so the account works more as a place to hold peso cash than as a way to grow it. The rate can move rather than staying locked for a term.

Is there a monthly fee or minimum deposit?+

There is no monthly fee, PHP 0, and no minimum deposit, PHP 0. That is why GCash ranks 1 of 379 brands on minimum deposit. You can open the account without tying up a lump sum first.

Who can open the account?+

The account is for Filipino citizens of adult age, Filipino citizens ages 18 and above. It is run through the GCash app, so you need the app and a verified account before you can start saving. Support runs on help centre and phone.

How much can I borrow and at what cost?+

Loan amounts run PHP 500 to PHP 150,000 at an annual percentage rate of 1.59% to 6.99%. An origination fee of 3% to 5% is deducted from the amount you receive rather than added afterwards, so the cash in your wallet is lower than the amount approved. Loans cover personal, business and credit-line needs.

How are the loans provided?+

GCash works as a broker, broker, so the lending sits with partner providers rather than in-house. Personal, business and credit-line loans are available, personal, business and credit line. Approved loans can be funded the same day, same day funding.

Can I repay a loan early without a charge?+

Free early repayment is not offered, so clearing a loan ahead of schedule is not the strength of this product. A hard credit check applies, hard, which means borrowing here can affect your credit file. Treat it as short term borrowing, not long term credit.

Is the money regulated?+

The service sits under the Bangko Sentral ng Pilipinas in the Philippines, which is where the accounts are held. The savings balance is an easy-access account, easy access, so you can move money in and out without a notice period. It is a domestic product rather than a global one.

How do I get help?+

Support runs on help centre and phone, so you have a help centre and phone access rather than relying on email or live chat. Everything is handled in the GCash app, with online banking available around the clock for CIMB and UNO Digital Bank. Operating the account through the app keeps the process in one place.

Sources

  • gcash.com/about-us checked September 26, 2026

    Backs: Founded

    “Since its introduction to the public in 2004, GCash continues to break barriers and bring financial inclusivity.”

  • gcash.com/getting-started checked September 26, 2026

    Backs: Eligibility

    “Filipinos: Filipino citizens ages 18 and above.”

  • gcash.com/services/gloan checked September 26, 2026

    Backs: Features, Funding time

    “Up to PHP 125K straight sa GCash wallet mo within minutes.”

  • gcash.com/services/gsave checked September 26, 2026

    Backs: Access terms, Account kind, Headline rate, Headquarters, Legal entity, Minimum deposit, Pricing model, Monthly fee, Rate type, Support channels, Licences

    “Open your savings account with our trusted bank partners all in the convenience of your own phone. Enjoy 24/7 online banking. 24/7 banking are available for CIMB and UNO Digital Bank.”

  • gcash.com/terms-and-conditions/fees checked September 26, 2026

    Backs: Loan amount, APR, Loan types, Arrangement fee, Origination fee (%)

    “GLoan Loan Amount PHP 500 - PHP 150,000”

  • gcash.com/terms-and-conditions/gloan checked September 26, 2026

    Backs: Credit check, Free early repayment, Lender type

    “Fuse reserves the right to reject or approve your GLoan application based on your repayment capacity as determined by Fuse and the result of Fuse's verification process, credit investigation, or...”

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term, Deposit protection.

GCash

GCash

Filipino adults keeping a peso balance and borrowing in small amounts inside one app.

9.0/10See alternatives