When it comes to mobile wallets, I like to have many options where I can transfer my money to convert it into physical cash I can later withdraw or simply storing money in my debit card/s for online purchases. I learned the hard way a long time ago when the one and only mobile wallet I depended on was unavailable for a few hours just when I needed cash. Aside from PayPal, I use Skrill because it supports instant withdrawal transactions to local mobile wallets such as SmartMoney and GCash.
Understandably so the only option available in RCBC AccessOne web access is transferring funds from RCBC MyWallet debit card to GCash. However, in Globe’s mobile banking both options – transferring GCash to RCBC and transferring RCBC to GCash – are accessible.
I have an RCBC MyWallet Visa debit card which I swipe at supermarkets, coffee shops, and department stores and in the past I would have to visit any LBC branch near me to reload it. Until recently my Globe GCash was activated so I can now conveniently withdraw my Skrill funds to my Globe GCash mobile wallet instantly and without extra fees. Their USD to PHP conversion comparably fares well to that of PayPal’s.
Below is the video on transferring GCash to RCBC MyWallet:
I would like to also emphasize that even though there is an option in the GCash mobile app to add your MasterCard or Visa Debit Card for cash-in, adding your RCBC MyWallet Visa Debit card is not allowed and you will only get a text notification that the attempt to add the card is unsuccessful.
Update: November 25, 2018
If you have an updated GCash mobile app, you will notice that GCash has recently added more options to send payments to which even now includes sending to bank accounts in the Philippines within the app.
I have tried transferring my GCash funds to my RCBC MyWallet Visa debit card for 4 or times in the past few weeks and amazingly the transfer was instant. Two days ago, my transfer did not go through at all. I did not even get a text notification from 2882 that I was deducted the amount but the GCash app’s updated balance tells a different story. After 24 hours I got a notification from 2882 that my GCash account balance was adjusted to reflect the reverted amount from the failed GCash to RCBC MyWallet transfer.