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How To Withdraw Cash From Payoneer To Your Local Bank Accounts

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Most of us have been using Payoneer for a long time now and some just got to know it. You will agree with me that 80% of those using Payoneer hasn’t gotten there own MasterCard due to your location or one reason or the other.

 Due to that most people will decide not using the account any longer and leave it dormant, but I think there is no reason for that because with the tutorial am about showing to you guys will help you withdraw your cash to your Local Bank Accounts without any difficulty. 

payoneerPayoneer’s Local Bank Withdrawal service has been available in over 150 countries and currencies, you can withdraw funds from your Payoneer account directly to your bank account or preferred eWallet, in local currency. 

How do I Withdraw Money from Payoneer to my Local Bank Account?

To make a withdrawal to your Local Bank Account all you have to do is follow these simple steps below: 

◾First, you have to Log in to your Payoneer account. 

◾From the main menu, select Withdraw and then To Bank Account. For those who have never used this service before, you’ll need to add a bank account in order to begin withdrawing funds. 

◾To do so, click + Add New beneath the bank account field and fill in the required details. 

◾Once submitted, your bank account details will be reviewed and verified – this process generally takes a few business days. 

◾Once your bank account has been verified, you will receive an email confirmation and can then begin withdrawing funds. 

◾In the From drop-down box, select the currency balance or card from which you would like to withdraw funds. 

◾In the To drop-down box, select the destination bank account – the bank account into which the funds will be deposited. 

◾In the Withdrawal Amount field, enter the amount which you would like to withdraw. Before entering the amount, note the minimum and maximum amounts and your available balance as displayed beneath this field. 

◾In the Description field, enter a short description of the withdrawal. This is a mandatory field.

payoneer withdrawal

 ◾Then Click Next. 

◾Fill in the details in the Security Confirmation page and click Finish.

MUST READ: Top Online Payment Alternatives to PayPal 

That’s it! You will receive an email confirmation after completing the withdrawal and the funds will reach your account within 3-5 business days. Incase you encounter any problem while doing it you can ask for our help using the comment box below.

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Note

It was noticed Payoneer DO NOT transfer money anymore to any Nigerian banks – even domiciliary account. So, in order to receive the money transferred from PayPal to your account in Nigeria. You need to open an account with Skrill. Skrill is an online payments and money transfers company, similar to Payoneer.

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11 Comments

11 Comments

  1. Rocket

    December 15, 2017 at 12:14 pm

    Love this blog, this is wow!..great and well explained.
    Thanks a lot.

  2. Deprof

    December 26, 2017 at 6:22 am

    Thanks admin for keeping us informed, thanks alot

  3. Deprof

    December 26, 2017 at 6:23 am

    Am going to give it a try and send you my feedback asap

  4. Deprof

    December 26, 2017 at 6:24 am

    Am going to forward this Link to my brothers who is a banker.

  5. bnrabiu

    January 12, 2018 at 10:43 am

    I ain’t using payoneer but it seems very easy and convenient to its users.
    thanks for sharing

  6. Ehis

    January 16, 2018 at 12:49 pm

    Towards the end of the post, it became confusing. You need to clarify it.

    • bnrabiu

      January 16, 2018 at 12:59 pm

      From what i noticed payoneer and skrill are different

  7. Ehis

    January 16, 2018 at 12:51 pm

    Can skrill be used in placed of bank account to receive the payoneer fund?

    • bnrabiu

      January 16, 2018 at 1:02 pm

      Payoneer and skrill are two different platforms that are similar to one another.

  8. Ehis

    January 16, 2018 at 12:53 pm

    Also, how easy will it be to transfer the money from skrill to your local bank account?

  9. bnrabiu

    January 16, 2018 at 1:05 pm

    hope admin will clarify this
    thanks

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