In this guide, we’ll cover how you can increase your GCash limit in the Philippines, who qualifies for the increase, and the necessary steps to follow. GCash is a widely used mobile wallet that offers many benefits, allowing users to pay bills, transfer money, shop online, and more. Each user is subject to a maximum wallet limit that resets monthly. If you want to increase your GCash limit and learn about the eligibility requirements, this article will provide the details.
Increase gCash Limit in Philippines
For GCash users, the default monthly limit is ₱10,000 for fully verified accounts, but it can be increased up to ₱100,000. For enterprise users or those with multiple linked accounts, the monthly limit can go as high as ₱500,000. Before you can access these higher limits, you need to reach out to THEA, GCash’s platinum digital assistant, who will verify your request to increase the limit.
GCash is a popular mobile wallet service in the Philippines, developed by Mynt, a subsidiary of Globe Telecom. With over 76 million registered users, GCash allows people to perform various transactions, such as sending money, paying bills, purchasing loads, and shopping online. In addition to these services, GCash also offers features like investments and insurance, making it a comprehensive fintech app.
The GCash platform has seen 6 to 7% annual growth, highlighting its strong role in the country’s digital economy. Currently, 73% of the Philippine population uses GCash, and its user base is expanding rapidly. The app is especially helpful in a country like the Philippines, where banking penetration is low, and many consumers rely on alternative financial services.
To increase your GCash limit in the Philippines, users must follow these steps:
- Fully verify your GCash account by submitting the required documentation.
- Link your bank account or MasterCard to your GCash account.
- After completing these steps, you will receive a confirmation SMS that your wallet limit has been increased.
- Once confirmed, your GCash wallet limit will be raised, allowing you to hold up to ₱500,000 per month.
Who Qualifies for a GCash Limit Increase?
Users need to meet certain criteria to qualify for the GCash limit increase. First, you must have a valid government ID to verify your account. Minors and foreign nationals may need to provide additional documents to qualify for the limit increase.
Your credit score, which is based on your spending behaviour within the GCash app, determines the amount by which your limit can be increased. To complete the verification process, users must also have the appropriate documentation and a linked bank account.
Steps to Increase Your GCash Limit
If you want to increase your GCash limit in the Philippines, follow these steps:
- Link your GCash account to a bank like BPI, Payoneer, or UnionBank.
- Cash in funds to your wallet using a linked bank account, cash-in outlet, or by receiving money from other banking apps.
- Ensure you meet all the required qualifications and submit the documents for the limit increase.
Once you complete these steps, your GCash limit will be increased, enabling you to manage larger amounts of money in your wallet each month. Just ensure you qualify and follow the steps outlined to enjoy the full benefits of a higher GCash limit in the Philippines.
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