Do you know that you can now transfer money from Payoneer to bank account now? Yes, this is true. To some Payoneer account holders and users, this is no news. But to some users on the other hand this is all new. Well, you probably might have been missing on a whole lot if you are just finding out about this, but on the other hand, it is not too late. Payoneer account holders and users can transfer and withdraw money from their bank account through their Payoneer accounts. You might be wondering about the legitimacy of this feature. Well, I a here to tell you that it 100 percent legit as I personally have made use of this very feature.
Transfer Money From Payoneer To Bank Account
Some users might be thinking that this is only available and true via third party agents and platforms. After reading this article you will find out all the necessary information you need to be able to transfer money from your Payoneer account to a local bank account. This feature has been around in the Payoneer platform for quite some time now. Therefore when I see people saying they don’t know about it, I am kind of surprised, most especially Payoneer account holders. Now that you know that you can now transfer money from Payoneer to a local bank account, do you know what this means?
It, therefore, means that whenever you want to withdraw from your Payoneer account, you don’t have to go through unnecessary stress or means. This feature however is only available in some selected regions across the globe. If you are eligible for this feature you will find the option in your account. And if on the other hand, you did not see this option it simply means that the option is not available to your region. To learn more about the regions that have access to this feature, check Here.
How Do I Make A Withdrawal From Payoneer To My Bank Account
On the Payoneer platform, there is a feature known as the Payoneer withdrawal service. Well, I know you have many questions regarding this service already and I have already beat you to it. The withdrawal service of this platform is very straight forward and self-explanatory. Remember I told you about the possibility of withdrawing money from your Payoneer account to your local bank account. Well, this is the feature that makes everything possible. This service, therefore, is the one that enables Payoneer account holders to transfer funds from their Payoneer account to their bank accounts. With this feature, you get to reduce the cost of getting your funds and ultimately avoiding delays in the process.
Well here is how this thing works. All you need to do is to register for a Payoneer account, receive funds to our Payoneer account and withdraw funds from your account in local currency. That’s it. To withdraw funds from your account to your local bank account;
- Log in to your Payoneer account online.
- Locate your menu button and click on it.
- Go to withdraw from your menu and then select ‘to bank account’. If you have not connected a bank account to your Payoneer account, you will be redirected automatically to a page where you can connect one. If your account is pending approval you will also be redirected to the pending page.
- Select the currency balance or the said card you want to withdraw from.
- Next, choose the bank account you want to transfer funds to.
- Enter the specific amount you want to withdraw to.
- You may choose to enter a description for the record’s sake.
- Review the details of your transaction and confirm the withdrawal or transfer.
That’s it. You have just successfully transferred funds from your Payoneer account to your local bank account. Just in case you entered the wrong bank details and you would love to edit your mistakes, I am sorry to break it to you. Currently, you cannot edit an existing account details you have provided but rather you can enter or add new bank details. The funds you just transferred will hit your bank account in 2 to 5 business days
For new and old users on the platform, you will need to be logged in to your account at all times before carrying out business on it. Logging in to your account on the platform is not stressful at all. However, if you don’t know how to login to your account, follow the steps below;
- Go to Payoneer.
- On the Payoneer page, click on the sign-in tab at the top right corner of the Payoneer page.
- Enter your login details in the spaces provided and that’s it.
When you follow the steps above correctly you will be logged in to your account. Make sure to provide the correct login details. If you don’t have an account on the platform, you will need to click on the register tab in order to set up your own account on the platform. Registering for a Payoneer account is free. You can also make use of the platforms mobile app. This app can be downloaded on your mobile device for free.
Payoneer Withdraw To Bank Account Fees
The fees associated with Withdrawal to bank account vary according to your transaction. At the end of every transaction, fees charged will be displayed at the summary. However, it might interest you to know that there are no recurring or set up fees associated with this Payoneer service. Lastly, just in case you want to cancel a withdrawal, you can. But if the withdrawal has already been processed, you cannot cancel it. But if on the other hand, it has not been processed, you can cancel it. All you need to do is to make contact with the platform with the following details;
- Amount withdrawn.
- Date of withdrawal.
- Withdrawal ID no. this ID will be displayed on your withdrawal confirmation.
- And lastly, your reasons for canceling the withdrawal.
That’s all about canceling a withdrawal on the platform.