Cashing Out Your Gcash Investments: A Step-By-Step Guide

GInvest is an investment platform of GCash, a mobile wallet platform in the Philippines. It allows users to invest in various investment funds from GCash's partner product providers. With GInvest, users can easily subscribe and redeem their funds using the GCash mobile app. The minimum investment amount is Php 50, which is significantly lower compared to traditional channels such as banks and investment companies. In this article, we will discuss the step-by-step process of cashing out your GCash investment.

How to cash out using the GCash app

To cash out using the GCash app, follow these steps:

• Open the GCash app and log in to your account.
• Go to the "Invest Money" section by clicking on the button or navigating through the menu.
• Select the investment you want to redeem or cash out from.
• Click on the "Redeem" or "Sell" option on the investment page.
• Enter the amount you wish to redeem or sell. The minimum redemption amount is Php 50.
• Confirm your order by reviewing and agreeing to the Terms of Redemption.
• Wait for an SMS notification informing you that your order has been placed. You will receive another SMS notification confirming that your GCash wallet has been credited with the redemption proceeds.

The standard processing time for redemption is 1-2 banking days after placing the order. However, please note that the processing time may vary depending on the product/fund provider and their cutoff times.

Additionally, there are no fees involved in cashing out your investments through GCash. You can withdraw your money at any time without incurring any charges.

Cashing out via the 'Sell' option

To cash out via the "Sell" option, follow these steps:

Step 1: On the GInvest Dashboard, click on "View investment products"

From the GCash app, go to the GInvest dashboard and click on "View investment products." This will allow you to see the different investment options available.

Step 2: Select the fund you have an investment in by tapping "View details"

Choose the particular fund that you have previously invested in by tapping on the "View details" option. This will provide you with specific information about that investment fund.

Step 3: Tap on "Sell"

On the investment fund details page, you will find the "Sell" option. Tap on this option to initiate the selling process.

Step 4: Enter the amount you want to sell, then tap "Next"

Decide on the amount of your investment that you wish to sell and enter this value. After entering the amount, tap on "Next" to proceed to the next step.

Step 5: Agree to the Terms and Conditions, then tap "Confirm"

Review the Terms and Conditions carefully to understand your rights and obligations. Once you agree to the terms, tap on "Confirm" to finalize your request.

Step 6: You will proceed to the confirmation page

After confirming your sell order, you will be directed to a confirmation page. Here, you can review the details of your transaction, including the amount sold and any associated fees (if applicable).

It's important to note that there may be processing times involved, and you will typically receive your funds within a few business days. Additionally, there are no fees for selling or cashing out your investments through GInvest. The minimum redemption amount is PHP 50, allowing for flexible withdrawal options.

Minimum redemption amount of P50

GInvest, the investment platform of GCash, offers a range of investment options with low minimum subscription amounts, including some funds with a minimum investment of just Php 50.

To cash out your GCash investment, you can redeem your funds by following these steps:

Step 1:

Click 'Redeem' on the page of the investment you have selected.

Step 2:

Enter the amount you wish to redeem. The minimum redemption amount is Php 50.

Step 3:

Confirm your order by reviewing and agreeing to the Terms of Redemption.

Step 4:

Wait for an SMS notification informing you that your order has been placed. You will then receive two separate SMS notifications: one confirming your order and another notifying you that your GCash wallet has been credited with the redemption proceeds.

The standard processing time for redemption is 1-2 banking days after placing your order. However, please note that the processing time may vary depending on the product/fund provider and their cutoff times.

Cash-out time: 1-2 banking days

Cashing Out Your GCash Investment

To cash out your GCash investment, you will need to follow these steps:

• Click 'Redeem': On the page of the investment you have selected, click the "Redeem" button.
• Enter the amount: Input the amount of money you wish to redeem or withdraw.
• Confirm your order: Review and agree to the Terms of Redemption.
• Wait for the SMS notification: You will receive an SMS notification informing you that your redeemed amount has been credited to your GCash wallet. The standard processing time for this step is 1-2 banking days after placing your order. However, please note that the order processing time may vary depending on the product/fund provider and their cutoff times.

It is important to note that there is a minimum redemption amount of Php 50. Additionally, cashing out is absolutely free, with no transaction fees involved.

No transaction fees

There are several ways to cash out your GCash with no transaction fees.

One way is to transfer money from your GCash account to a bank account. This method is instant and easy to use. You will need to know the account number, account name, and bank name of the recipient. The maximum amount that can be transferred is ₱50,000 per transaction.

Another way to cash out your GCash without fees is to use the GCash Mastercard. With this card, you can withdraw cash from any BancNet or MasterCard-affiliated ATM. Simply request a GCash Mastercard from the official website and use it like a regular ATM card. The bank withdrawal fee depends on the bank and ranges from ₱12 to ₱18 per ATM withdrawal.

Additionally, if you don't have a GCash Mastercard or a bank account, you can withdraw your GCash funds from any over-the-counter (OTC) partner outlets, such as convenience stores, pawnshops, supermarkets, payment facilities, and department stores. However, it's important to note that there is a 2% withdrawal fee for each cash-out transaction through this method.

By utilising these methods, you can conveniently access your GCash funds without incurring transaction fees, making it easier to manage your finances and utilise your money as needed.

Frequently asked questions