How much is the charge for GCash to MP2?

Page Contents

So, you want to know How much is the charge for GCash to MP2?

For payments up to PHP 2,000, the convenience fee is PHP 15. For payments between PHP 2,001 and PHP 5,000, the convenience fee is PHP 25. For payments between PHP 5,001 and PHP 10,000, the convenience fee is PHP 50.

How can I pay my MP2?

Through annual pay-out with your MP2 Savings Dividends credited to your savings or checking account enrolled in any of Pag-IBIG Fund’s accredited banks.

How long does MP2 payment reflect?

Posting for MP2 transactions may take about 2-3 business days. Kindly allow 5-15 business days from the posting date for the reflection to your account.

Can I skip payment in MP2 savings?

No penalties if you miss a contribution for certain months (though it’s best to regularly remit your MP2 contributions). Government-guaranteed savings – You won’t lose your principal since the Philippine government guarantees it.

How much is the charge for GCash to MP2 Related Questions

Is GCash 2 a service fee?

Cashing in is free in all over-the-counter outlets until you reach a monthly limit of Php 8,000. After reaching this limit, a service fee of 2% will apply each time you cash in.

How do I withdraw my MP2 after 5 years?

The most traditional way of withdrawing money from your Pag-IBIG MP2 savings account is to visit a Pag-IBIG Fund office in person. When you visit the office, make sure to bring a valid ID and fill out a withdrawal form before submitting it with your request.

Can I submit my MP2 online?

1) Visit the MP2 Enrollment page at 2) Enter your Pag-IBIG Membership ID (MID) number, last name, first name, and birthdate (MM/DD/YYYY). 3) Type the CAPTCHA code. 4) Click the Submit button.

How much is the dividend rate of MP2 2023?

PBBM lauds highest Pag-IBIG dividend rates since pandemic: 6.53% for Regular Savings, 7.03% for MP2.

What will happen to MP2 after 5 years?

Once your MP2 Savings reaches its 5-year maturity, you may re-apply for a new Pag-IBIG MP2 Savings Account. Members may claim their MP2 Savings anytime upon its maturity. If unclaimed, your MP2 Savings shall continue to earn dividends based on the regular Pag-IBIG Savings Program’s (P1) rates for two more years.

How can I check my Pag-IBIG MP2 savings?

Using just your smartphone or computer with internet connection, you can easily access the Virtual Pag-IBIG by visiting, and clicking on the Virtual Pag-IBIG, For Members link on the main menu. You may also click to directly access Virtual Pag-IBIG.

How do I pay MP2 with BPI?

Go to the BPI Mobile app, swipe up and tap “BPI eGov”. Tap on ‚ÄúGet Started‚Äù and select the government biller you wish to pay. Input the following details: a. Amount to pay. b. Enter your BPI Online username and password. Select an account. Enter your One-Time PIN and you’re done.

What are the disadvantages of MP2?

Cons: 5-year lock-in/maturity period. No rollover option after the maturity period. You’ll have to open a new MP2 account as the dividend rates will cease to apply if your money is unclaimed beyond 2 years after the lock-in period.

Can I continue my MP2 savings after 5 years?

You’ll have to wait five years before you can withdraw your MP2 Savings in full. Once your account reaches maturity, you can fill out an Application for Provident Benefits Claim form and submit it online here. Your online application will also need the following: A photocopy or scan of a valid ID.

What are the disadvantages of MP2 savings?

Disadvantages of MP2 No rollovers are available. After 5 years, your contributions would earn the same returns as the mandatory savings. Two years later, it would not earn anything. If you wish to continue getting the benefits beyond five years, opening a new account is required.

Can I withdraw my Pag-IBIG contribution after 15 years?

The Pag-IBIG Regular Savings is a secure and convenient savings facility that gives you high annual dividend earnings to help secure your future. This is because you can eventually withdraw your savings after membership maturity of 20 years, retirement and other grounds.

Where can I see my MP2 account number?

The best way to find your MP2 number is to go online. All you have to do is create an account using your valid email address and the last four digits of your MP2 card. Once that’s complete, log into your account and select ‚ÄúMP2 Membership‚Äù on the main page.

How is Pag-IBIG penalty calculated for late payment?

The penalty is set at “1/20 of 1% of the amount due for every day of the delay.”

What are the disadvantages of GCash?

Now GCash has been a widely used app and virtual wallet in the Philippines. One of the main issue which almost everyone seems to bring up is the poor customer service. GCash has also a problem with the monthly and annual limit in how much one can transfer.

What is the limit of GCash per month?

Visit “What is GInvest?” to learn more. Once you are able to perform any of the options provided, your Wallet Limit and Monthly Incoming Transaction Limit will increase to ₱500,000.

Is there a limit in GCash?

Wallet and/or Transaction limit increased to ₱500,000 – GCash Help Center. Bank Transfer for BPI/BPI Family Savings via Instapay in the GCash App is currently unavailable. Our partners are working to restore services as soon as possible.

Leave a Comment