Jun 16, 2016

How To Withdraw Funds From Payoneer To Your Country Bank Account

Payoneer is one company that has been a blessing to Nigerians and the world at large as long receiving and making payments online is concerned.

Recently I learnt Payoneer supports direct to bank withdrawal of Payoneer funds. So if you work and get paid online through Payoneer, and finding it difficult to withdraw via PayPal or through Payoneer MasterCard at ATM machines, follow this post to learn how to withdraw your money straight to your local bank account.
payoneer withdraw to bank service
It is a service payoneer calls "withdraw to bank" that enables all Payoneer account holders from selected countries to withdraw funds from their Payoneer Account directly to their personal bank account. So for you to use this service, you will be required to provide a bank account in your name or an account that is owned by you.

See Also: How To Make Money Online In Nigeria From Payoneer Affiliate Program

However, if you own the account but it is not in your name, you may be requested
to provide a supporting account ownership documentation.
payoneer withdraw to bank service how it works

How To Add Your Bank Account To Payoneer

==>1. First, log in to your Payoneer Online Account or see how to create one here.

==>2. From the menu, go to "Withdraw" and then "To Bank Account".

==>3. Then, if this is the first time that you are withdrawing funds, click
"Add Bank Account" and follow the on-screen instructions to proceed.

How Can I Withdraw From My Payoneer Accounts To My Bank Account?

After adding you bank account Payoneer using the above procedure, it will take a while for Payoneer to approve it. But once they do, you can then withdraw Payoneer funds to the bank account using the below steps.

==>1. As usual, log in to your Payoneer Online Account.
==>2. From the menu, click on "Withdraw" and then go to "To Bank Account".
==>3. Select the account to which you want to transfer the funds.
==>4. Fill in the details of the transfer and click on "Continue".
==>5. Fill in the Security Confirmation page and submit your withdrawal request

What are the fees associated with the Withdraw to Bank Service?

The last time i checked, there is no setup or recurring (monthly/annual) fee attached with the Withdraw to Bank Service offered by payoneer. However, the transfer fee may vary according to the selected country and currency in quote. To find out the relevant fees for your country and currency, please contact Payoneer on live chat.

See: How To Send/Receive Money From One Payoneer Account To The Other  

NOTE: This service is currently not available to all but selected Payoneer account holders. As well as some selected countries of which sadly, Nigeria is not amongst. See list of supported countries in payoneer withdraw to bank service.

Is the Payoneer withdrawal service available for your country? Don't worry my next post will be on how to withdraw payoneer funds at a much more higher rate to what the banks and ATM machines offer you. Trust me you gone love the rates.

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  1. I tried to signup on Payoneer. There is no "Nigeria" in the countries listed during the registration process.

    1. This comment has been removed by the author.

    2. I Found it. I was registering with a UK based ISP and it removed Nigeria. Nigeria appeared on the list as soon as I used a Nigerian based ISP