Both online banking and e-wallets are popular payment methods across the world. The Philippines is no exception, as online gambling has never been more prevalent in the region. It is not a surprise that BPI and GCash are two of the leading payment platforms in the country.
Read along to learn the difference between BGI and GCash and discover what they have in common. We will also briefly go through the history of the platforms and then provide you with the process you will need to perform to transfer your money.
BPI And GCash – Similarities, Differences and Fees
When it comes to similarities, both BPI and GCash are based in the Philippines, and both allow you to deposit funds at the best online casinos for real money in the Philippines. They are very popular among casino players, as both are quick and dependable, and most operators accept them.
But there is a glaring difference between these two platforms that we need to mention. BPI, or Bank of the Philippine Islands, is, as the name suggests, a universal bank in the country. You will be able to deposit funds directly to it and withdraw at an ATM or pay for products online.
GCash, on the other hand, is an electronic wallet. You will be able to deposit funds there from a bank and then use it to make transactions conveniently and easily on hundreds of merchants online. You can also transfer money to another GCash user without a fee.
It is important to mention that there will be a BPI to GCash transfer fee, as you are essentially sending money from a bank to an e-wallet. BPI has GCash as a listed partner, making the process seamless. As of the time of writing this review, the fee is ₱25.
We will cover the fees, transfer process and any other details further on, but what you need to know from now is that even though BPI and GCash aren’t platforms of the same type, they still have integrations that allow you to deposit and play at your favorite Philippines casino sites.
BPI – The Universal Bank in the Philippines
BPI, or Bank of the Philippines Islands, is the fourth largest bank in the country, and the first to open in the region of the Philippines and Southeast Asia[4].
The bank has a network of over 900 branches in the Philippines, Hong Kong and Europe, and more than 3,000 ATMs, allowing you to deposit and withdraw money with ease. The bank has several subsidiaries and partners, including BPI Capital Corp, BPI Computer Services, and others.
Here are some key details regarding this platform:
| 💱 Full Name | Bank of the Philippine Islands |
| 📅 Founding Date | 1st of August 1851, Spanish East Indies |
| 💵 Founder | Jaime Augusto Zobel de Ayala |
| 📍 Headquarters | Makati, Philippines |
| 📜 Revenue | 101.92 billion ₱ |
| 🤝 Parent Organization | Ayala Corporation |
| ℹ️ Website | www.bpi.com.ph |
The data above shows that BPI has been around for a long time, making it one of the oldest banks in the world. The number of subsidiaries shows that the company has developed and spread beyond the Philippines, increasing its popularity.
GCash – Most Popular E-Wallet in the Philippines
Originating in 2004, GCash is a popular mobile payment platform based in the Philippines. We will cover the topic of how to transfer money from BPI to GCash further on in the blog, but let us first discuss some key features of this e-wallet.
GCash started out offering prepaid phone credits, but after being acquired by one of the largest telecommunication companies, it became a reliable mobile wallet. Throughout the years, GCash has gained over 40 million users.
The list below will present you with the main advantages of this platform:
- Allows users to make international and local purchases online.
- Versatile for various businesses.
- Transfers can be done via QR code.
- Allows for credit services.
- Investment opportunities are available.
Every platform will also have areas that need improvement. We found the customer service of GCash rather lacking, so we hope they improve their response times. Another factor that needs to be considered is the ₱25 charge for a cash-out of more than ₱1,000.
Despite the cons, GCash still is a reliable and highly versatile platform. It’s no wonder that there are so many online casinos in the Philippines using GCash, as players are quite satisfied with the provided security and speed of transactions.
The platform has an extensive network of partners, allowing for ease of use and accessibility. When it comes to the BPI to GCash[2] transfer fee, we can say that it is fair, totaling up to just ₱25 Fees are inevitable when you’re transferring money to an e-wallet from a bank.
Important Details About the Transfer Process
What you will need to know to prepare yourself for the transfer is that the BPI to Cash fee will be ₱25, regardless of the amount you transfer. That’s why we recommend doing large transfers and not several smaller ones.
As GCash is an official partner of BPI, they already have an integrated process detailing exactly how to proceed with cashing into e-wallets[1]. When it comes to local bank transfers, you will be able to proceed via BPI’s app.
The process is made simple and convenient for the end user, but the accounts need to be linked. If you don’t want to use an app, there is a way to accomplish the process via a browser. Read along to learn how to send money from BPI to GCash.
How to Send Money from BPI to GCash – Easy Steps
It is time for us to present you with the process regarding how to transfer money from BPI to GCash. We will walk you through its entirety and show you just how simple these companies have made it for their customers.
You will first need to have your BPI account linked to GCash. Follow the steps below to do this.
- Login to your BPI app and tap “Profile” on the bottom right.
- Choose “My Linked Accounts” and select BPI.
- Enter your username and password.
- Accept the terms and be ready to do the BPI transfer to GCash.
Once your account is linked, follow the steps below to send money from BPI to GCash:
- Login to your BPI Mobile app.
- From the menu, select “Transfers”.
- Select “Transfer Money”.
- Enter the BPI account to get the funds from and the amount you would like to transfer.
- Select “Transfer via QR, and then GCash”.
- Enter your GCash account number and account name.
- Note the ₱25 BPI to GCash fee and accept the terms and conditions.
- Confirm the transaction.
After you have completed this process, the funds will appear in the GCash’s user account you transferred them to. BPI also allows users to do the abovementioned process on their desktop’s web browser, and the steps will be very similar to what we already described.
How to Send Funds from GCash to BPI
As GCash has been evolving throughout the years, they have now made it possible to transfer money from GCash to BPI. Similarly to the process we discussed above, you can do the opposite by linking your two accounts and using GCash as the primary platform.
It’s important to note that not every bank will be compatible with GCash transfers, as the two need to have an established partnership. Thankfully, BPI is on the list, so all you’ll need to do is open the GCash app and select BPI as the destination for the bank transfer.
After signing the terms and conditions and selecting the “Cash In” option within the GCash app, you will get confirmation for the transaction. It may take up to three business days for the funds to appear in your BPI bank account.
Deposits from BPI to GCash at PH Casinos
Both GCash and BPI are widely used by gamblers across the best online casinos in the Philippines and with good reason. Both platforms are robust, well made, and extremely easy to use by people in the country.
Most casinos in the Philippines will accept both payment methods, and understandably, players will take advantage of their simplicity. All the transactions occurring between the payment method and the casinos will be secure and encrypted, ensuring maximum safety.
You will be able to do a direct bank transfer if you try to deposit funds from BPI directly to a casino. If the casino does not accept them, however, feel free to use our guide, deposit funds to your GCash e-wallet, and then do the transfer that way.
Our Final Thoughts and Details
It is time to conclude our informative post and provide you with our final thoughts and remarks. We believe that BPI and GCash are two of the most reliable platforms in the Philippines, and we showed you why. They have been operating for years and have a proven reputation.
Casinos in the Philippines widely accept them, and if they only support GCash, you can easily do a BPI to GCash transfer. All you will need is the app and two linked accounts. The process is simple, convenient, and fast.
This will undoubtedly be a first choice for Filipinos looking for an easy way to manage their money. Both platforms are secure, and currently, we believe that managing and transferring funds has never been easier.
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Frequently Asked Questions
In the section below, you will find quick answers to the segments discussed in the blog. We covered a lot, and the most common inquiries are below – you can click on the links that will take you to the relevant section of the blog post.
Are BPI and GCash the same type of payment method?
No, they are not. Even though they have a similar goal, the difference between BPI and GCash is that one is a bank, while the other – is an e-wallet. This means that with BPI, you’ll be able to have a physical debit card and use it to withdraw funds, while GCash is a mobile payment service for managing money.
How to send money from BPI to GCash?
As we discussed in our informative post, the process on how to send money from BPI to GCash is simple. You will need to have your BPI and GCash accounts linked, enter the desired amount you’d like to transfer, enter the payment details for the GCash account that will be receiving the funds, and accept the transaction.
What is BPI?
Operating for more than a century, BPI is the fourth largest bank in the country, which also has branches across Europe and Hong Kong. It allows users to easily deposit and manage their funds, shop at online merchants, or transfer amounts to different e-wallets.
What is GCash?
Very popular in the Philippines, the GCash e-wallet is a mobile platform that originated in 2004. It started out offering prepaid phone credits, but after being acquired by a large telecommunication company, it has become a reliable and popular e-wallet service in the country.
Are BPI and GCash popular among Filipino gamblers?
As online gambling greatly rose the ranks throughout recent years, BPI and GCash popularity at casinos for Filipino gamblers also saw a huge spike. As both platforms are popular in the country and many online operators accept them, it goes without saying that they are the first choice for many users.