What is a cash transfer fee?
A cash transfer fee is a fee we charge when money moves from your Salmon Credit Line to another financial account instead of being used to pay for goods or services.
This includes cash withdrawals and certain QR payments to financial institutions.
Starting at the end of June 2026, we will charge a cash transfer fee when you use Salmon Credit Line to make QR payments to financial institutions.
A financial institution is a business that provides money services, such as a bank, lending company, e-wallet, or payment service.
The fee applies to QR payments to financial institutions, including:
E-wallets and payment services, such as GCash and Maya
Banks, such as BPI, RCBC, SeaBank, and GoTyme
Lending companies, such as Billease, Mabilis Cash, MALI Lending Corp and SKYPAY
QR payments to stores, restaurants, and other merchants that sell goods or services are not affected. When you make a QR payment, the app first checks whether the merchant you transacted with is a financial institution. We use a merchant list to classify QR payments before deciding whether the fee applies.
If a fee applies, we will always notify you before you confirm your payment.
When you use Salmon Credit Line to pay a financial institution using a QR code, we treat the transaction as a cash transfer instead of a regular purchase.
This is why we charge a fee for cash transfers following Section 7.1(a)(ii) of the Specific Terms and Conditions.
We charge the same amount as your current cash transfer fee.
Check the fee for your account in your account settings in the Salmon app. Scroll down to Overview, then tap Documents, and tap Plan details.
Yes, we will show the fee amount and the total before you confirm your QR payment. Remember to review it first before deciding whether to continue.
Open the Salmon app and go to Credit Line. Scroll down to Overview, then tap Documents, and tap Plan details. You will see the cash transfer fee there.
No, cash transfers are not covered by the grace period. The same rule applies to regular cash withdrawals.