Before now, you could only withdraw your money from Payoneer account and MasterCard via the ATM. Meaning you have to visit the ATM to get paid.
There you will enchanter issues of charges and transaction fees when you use the card.
You are charged even when you check your balance at the ATM etc. So a lot of money get lost in the process of exchange, receiving your earning this method, but things have just changed for Nigerians, it’s now easy to get the money you have earned online, into your Bank account, this is made possible by Payoneer.
Do you have earnings in your Amazon, Clickbank, Peerfly, Fiverr or Odesk account? You can now get those hard earned money to your bank account.
Payoneer JUST introduced Local Bank Transfer service, allowing you to withdraw your funds straight into your local bank account. This service is open to anyone with a Payoneer account in 210 countries and Nigeria is now part of these countries.
So you don’t have to use your ATM every time and incur some unnecessary charges. You can withdraw your funds straight into your bank account and then withdraw via your bank ATM at no cost.
When you transfer to your local bank account, charges are lower. For now though, processing is kind of slower compared to if you withdrew via your Payoneer card. But i know it’s just a matter of time and this will soon improve.
How to Apply for Payoneer Local Bank Transfer Service
To apply for Payoneer Local Bank Transfer, you need to have an activated account which means you must have your Payoneer MasterCard already and your account must be fully activated.
1. To apply, log into your account
2. Click on” withdraw” at the top.
3. From the drop down click on “add bank account”.
You will be required to confirm your account and card details like card number, card CVV, date of birth and password. Just for security measure.
4. Next, you can now submit your bank information to complete the sign up.
This is where you get it wrong or get it right. If you enter a wrong information here, then it will not be approved. This sign up will have to be approved manually which means they will check all your details to be sure your account is in indeed correct.
5. Add your bank name like “Zenith Bank PLC”.
6. Add your bank account name just like you have it on your account, then enter your 10 digit account number.
7. For the swift number of your bank, go to
Swift Code Nigeria to get your bank’s swift code and put it in the swift code space. For example, swift code of GTB is “GTBINGLA”.
8. For bank address, enter your local bank address. To get your local bank’s address, just Google for your bank’s website and look at the addresses of their branches. Every bank has their branches’ addresses on their site. For example, my local bank for my GTB account is Akowonjo Branch in Lagos State. So to get the address, just looked for
GTB branch locator.
8. On the page, used the search box to locate your local bank address.
9. For bank account descriptions, just enter anything like “savings account”. Agree to terms by checking the boxes and click “finish” and you are done. You should get a success message and all you now have to do is wait for official confirmation.
10. If successful, you will get a message in your email after 2-3 days that your account has been approved.
Continue:
How to Withdraw Payoneer Funds into Your Local Bank Account
Hope this helps
