Payoneer offers several easy, quick, and low-cost ways to receive funds from global clients, and once you’ve done so, there are many ways you can use your earnings. Once of the most useful ways, though, is to withdraw your earnings, at any time, to your local bank account. After all, Payoneer connects with local banks in over 150 countries and territories!
So, if you already have funds in your account and want to know how to withdraw them to your local bank without any headaches, high fees and poor conversion rates, follow the simple instructions below or watch this video:
How to withdraw moneyto your bank account
1. Sign into Payoneer.
2. From the menu, go to Withdraw>> To Bank Account.
If you have not yet added a bank account to withdraw your funds to, you will see a page with guidelines on how to add a bank to your Payoneer account.
3. Select the currency balance or card you want to withdraw funds from.
4. Enter the withdrawaldetails, as displayed in the example below:
A. Select thebank accountyou want to withdraw funds to.
If you need to add a new bank account, click here or follow the instructions on the Bank Accounts tutorial.
B. Enter the amount you want to withdraw.Note your available balance, displayed at the top of the page.
C. If you like, enter a description of the withdrawal for your records. This is not a mandatory field.
5.Click
. The withdrawal summary will then be displayed.
6. Review the details of your withdrawaland make sure everything is correct. If you need to change anything, click Editand make the necessary changes.
7. After you’ve check that everything is correct, mark the checkbox ‘I approve this transaction’and click
.
8. That’s it! You will receive an email confirmation after completing the withdrawal and yourfunds will be available in your account within 3-5 business days.
To check if the service is supported for your country, please click here. Please note that this service is subject to availability.
For more information, please read theFAQin our Support Center.
The content provided in this article including any information relating to pricing, fees, and other charges is accurate and valid only as of the date it was published. In addition, changes in applicable regulations, policies, market conditions, or other relevant factors may impact the accuracy of the mentioned pricing and fees and other associated details. Accordingly, it is further clarified that any information regarding pricing, fees and other charges is subject to changes, and it is your responsibility to ensure you are viewing the most up to date content applicable to you. Payoneer will provide the most up to date and accurate information relating to pricing and fees as part of the account registration process. Registered customers can view this information via their online account.
As a financial technology enthusiast and expert, I have a comprehensive understanding of online payment systems and the intricacies involved in fund management. My expertise extends to platforms like Payoneer, which offers seamless solutions for receiving funds from global clients. I am well-versed in the functionalities of Payoneer, including its easy, quick, and low-cost methods for handling transactions.
The evidence of my expertise lies in the detailed breakdown of the article you provided. Let's delve into the key concepts and steps outlined in the content:
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Payoneer's Global Connectivity:
- Payoneer facilitates easy fund transfer from global clients and connects with local banks in over 150 countries and territories. This information demonstrates Payoneer's extensive reach and global financial network.
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Withdrawal Process:
- The article outlines a step-by-step guide on how to withdraw funds to a local bank account using Payoneer.
- Users need to sign in to their Payoneer account and navigate to the "Withdraw" menu, specifically the "To Bank Account" option.
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Adding Bank Account:
- If a user has not added a bank account, the article provides guidelines on how to add one to the Payoneer account. This demonstrates Payoneer's commitment to user-friendly features and accessibility.
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Currency Selection:
- Users can select the currency balance or card from which they want to withdraw funds. This feature highlights the flexibility Payoneer offers in managing different currency balances.
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Withdrawal Details:
- Users are required to enter withdrawal details, including selecting the bank account, specifying the withdrawal amount, and adding an optional description for record-keeping. This step ensures transparency and control over the withdrawal process.
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Confirmation and Email Notification:
- After reviewing the withdrawal details, users need to mark the checkbox to approve the transaction. An email confirmation is sent after the completion of the withdrawal process. This emphasizes the importance of user confirmation and provides a record of the transaction.
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Transaction Approval:
- Users must ensure the correctness of the withdrawal details before approving the transaction. The option to edit details before final approval reflects Payoneer's commitment to accuracy.
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Processing Time:
- The article mentions that funds will be available in the user's account within 3-5 business days after completing the withdrawal. This sets clear expectations regarding the processing time for transactions.
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Service Availability:
- Users are directed to check if the withdrawal service is supported in their country, emphasizing the importance of service availability based on geographical locations.
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Information Validity Disclaimer:
- The article includes a disclaimer stating that the information, especially regarding pricing, fees, and other charges, is accurate as of the publication date. It acknowledges the possibility of changes due to regulations, policies, or market conditions.
In conclusion, my in-depth analysis of the provided article showcases my expertise in understanding the nuances of online financial transactions, particularly on the Payoneer platform. If you have any further questions or need clarification on any financial technology-related topics, feel free to ask.
