How To Withdraw Funds from Payoneer to Your Local Bank

If you need to receive payments from global clients and then withdraw the funds in your local currency, Payoneer’s Local Bank Withdrawal service is just right for you. With this service, available in over 150 countries and currencies, you can withdraw funds from your Payoneer account directly to your local bank account or preferred eWallet, in local currency.

To use this service, follow these simple steps:

1.  Log in to your Payoneer account.

2.  From the main menu, select Withdraw and then To Bank Account.

3.  If you have never used this service, you’ll need to add a bank account in order to begin withdrawing funds.
To do so, click Add Bank Account and follow the on-screen instructions. Once submitted, your account details will be reviewed and verified – this process generally takes a few business days. You will receive an email confirmation once your bank account has been verified and you can then begin withdrawing funds.

4.  To make a withdrawal, begin by selecting your bank account. Note that if you have several accounts, you will need to select the relevant one from the drop-down list.

5.  Enter the details of your withdrawal request and click Continue.

6.  For security reasons, you will need to verify your account information and review the withdrawal details to make sure that they are correct. Once that is completed, simply submit your withdrawal request and you’re done!

7.  Exit the page securely by clicking Sign Out.

You will receive an email confirmation after every withdrawal request that you submit. The estimated transfer time is 1-3 business days for local bank transfers, and 3-7 business days for wire transfers.