How to Open Your Very Own GSave Savings Account in the GCash App

Updated on April 18, 2020
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Jenny is a twenty-something-year-old who loves writing novels, poems and articles about her experiences in life.

How to Open Your Own GSave Savings Account in the GCash App
How to Open Your Own GSave Savings Account in the GCash App

GCash is one of the biggest online finance apps in the Philippines, where you can pay bills and so much more. Just recently, they have launched GSave, another new feature that should help make our banking online a lot easier. GCash is now partnered with CIMB Bank, one of the leading banks in the ASEAN region that focuses on online banking, to provide this in-app savings account for Gcash users.

In this article, you will learn more about GSave, how to have your very own savings account, and how you can deposit using your GCash app.

GCash App's GSave (Savings) Account

GSave is an in-app savings account by GCash, powered by CIMB Bank Philippines. It provides fully verified (KYCed) GCash users a chance to open a savings account with no minimum initial deposit required, no service charge, no maintaining balance, and no required balance to start earning interest. Their interest rate is 2.3% (introductory interest rate of 3% until December 31, 2019) which they claim to be 10% higher than most banks in the Philippines.

With this savings account, you can only deposit using your GCash balance and your withdrawals will also return back to your GCash balance. The maximum GSave account balance is PHP 100,000 over 12 months. GSave deposits are also insured by the Philippine Deposit Insurance Corporation (PDIC).

This new feature allows a very convenient way of online banking for GCash users and is definitely one of the best there is in Philippine's online banking scene. It is a really great choice for students and people who are only starting the habit of saving money.

GSave account applications review is usually completed by CIMB on the same day. In my case, it only took a few minutes for my application to be approved.

Requirements for GSave Account Application

If you want to apply for a GSave account, there are only three requirements:

  • KYCed (fully verified) GCash Account
  • Filipino, non-U.S. Person
  • 18 years old and above

Notes: Currently, you can not register to GSave if you already have an existing savings account with CIMB. Likewise, existing GSave account holders can not register to other CIMB products. As it is currently in beta mode, GCash Save Money is available to selected users.

If you're ready to open your own GSave account, follow these few easy steps below:

Apply for GSave: Step 1

Open your GCash App.

GSave Registration / Application Process
GSave Registration / Application Process

Only fully verified accounts are allowed to apply for a GSave account. So make sure your account is KYCed or have undergone the verification process. You can check your verification status on the upper left side of your app.

GSave Registration / Application Process
GSave Registration / Application Process

Step 2

Once you have checked your verification status, tap the three dots that says "Show More" from the list of services.

GSave Registration / Application Process
GSave Registration / Application Process

Step 3

Look for "Save Money" under Financial Services.

GSave Registration / Application Process
GSave Registration / Application Process

Step 4

It will lead you to the first page of the GSave Registration. You will be asked to check your email address where you want to receive all your notifications and online receipts. If you see that the information is correct, just tap "Proceed."

GSave Registration / Application Process
GSave Registration / Application Process

Step 5

GCash will then continue to let you check more of your personal information such as your name, mobile number, email address and nationality.

After making sure that everything is correct and after reading the terms and conditions, you can now tick the tiny box and proceed to tap "Next".

GSave Registration / Application Process
GSave Registration / Application Process

Step 6

For the last step of your GSave Registration, you need to certify that you have understood and accepted the terms and conditions under the CIMB Bank Philippines.

Once you have ticked the tiny box, you can finally tap "Confirm."

GSave Registration / Application Process
GSave Registration / Application Process

The registration review usually takes a day, but in some cases it will only take a few minutes before you receive a text message from CMIB Bank stating that your account has now been opened.

CIMB Bank text notification/receipt.
CIMB Bank text notification/receipt.

How to Deposit to Your GSave Savings Account

After you've finally opened your very own GSave account, you are now free to deposit any amount using your GCash balance.

Step 1

Follow the first three steps of the application process. Once you have reached "Save Money" it will open your GSave balance. Tap the "Make a Deposit" button right below your GSave Account Details.

How to Deposit to Your GSave Savings Account
How to Deposit to Your GSave Savings Account

Step 2

Enter the amount you would like to transfer from your GCash balance to your GSave account. Then tap "Next."

How to Deposit to Your GSave Savings Account
How to Deposit to Your GSave Savings Account
How to Deposit to Your GSave Savings Account
How to Deposit to Your GSave Savings Account

After you've finished the deposit, you will automatically receive SMS notifications that also serve as transaction receipts from CIMB Bank and GCash.

SMS notification from GCash
SMS notification from GCash
SMS notifications from CIMB Bank
SMS notifications from CIMB Bank

Congratulations! You've successfully opened and deposited to your very own GSave account.

I hope this article has helped you learn more about GSave. If you still have questions about their services, you can contact GCash Care on Messenger, email or CIMB Bank Philippines at #CIMB (#2462) or

What Do You Think?

Are you willing to try online (in-app) banking?

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This article is accurate and true to the best of the author’s knowledge. Content is for informational or entertainment purposes only and does not substitute for personal counsel or professional advice in business, financial, legal, or technical matters.

Questions & Answers

  • Do GCash savings account holders have an ATM from CIMB?

    You mean do they issue CIMB ATM cards to GCash savings account holders? The answer is no. But GCash actually issues GCash Mastercards (available for 150 pesos one-time fee). You can use this if you want to withdraw your savings. All you have to do is transfer your savings back to your GCash balance.

  • Can I check my savings through CIMB bank? It's asking me for a username but I don' have one. I tried creating an account but it won't register my only mobile number. what to do now?

    Are you trying to log in to your GSave acct through the CIMB bank site? I'm afraid this is not possible. GSave accts under CIMB can only be accessed through GCash. GCash savings accts are not the same as traditional CIMB accts. They do have features that GSave does not have. As of now, GSave acct holders are not yet eligible to register for a normal CIMB bank account.

  • How could I obtain my Gsave account numbers?

    You can contact CIMB to know your account number. You can email or dial #2462.

  • If your GSave account is only valid for 12months, what happens to your savings after 12 months?

    After 12 months, you will not be able to do transactions with your account. But don't worry, your savings will be there. You would only need to update your GSave account on the CIMB bank app to continue using your savings account.

  • Is there any master card in CIMB Bank when you apply through GCash?

    CIMB also offers a free MasterCard, although a GSave account alone doesn't guarantee you a MasterCard from CIMB. You will still need to connect your account with a different type of savings account from them. You can download and open your GSave on the CIMB app to know the process to get a CIMB MasterCard.

© 2019 ThatWallflowerJen

Tell us what you think about GCash's GSave. Do you have other online banking apps that you can suggest?

    0 of 8192 characters used
    Post Comment
    • profile image

      Jun Estrada 

      7 months ago

      How can I update my new mobile number, because I already change my gcash old number into new

    • profile image

      Almer john E. Cañete 

      7 months ago

      in order to view your total savings in CIMB app you have to complete your information in gcash or Gsave account, CIMB bank will send you your USername and password to get access.

    • ThatWallflowerJen profile imageAUTHOR


      8 months ago from PH

      Hi. I don't think you can link an existing CIMB act number to your GCash. You can only create a new CIMB acct through GSave using the GCash app.

    • profile image

      Lilian Bonilla 

      8 months ago

      How do I link my g save acct to CIMB act number..

    • profile image

      Lanie manalo caparas 

      12 months ago

      How can i deposit my rebates to gcash save?

    • profile image


      12 months ago

      Theres gcash already where my money can be deposited. This gaavw just a repo of already a gcash repo


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