Introduction:
Payoneer is a popular online payment platform used by freelancers, online sellers, and businesses to send and receive payments globally. In Pakistan, Payoneer has gained immense popularity among freelancers due to its easy-to-use platform and reliable payment solutions. However, many Payoneer users in Pakistan face difficulties when it comes to withdrawing their funds. This is where the support of a local bank comes in handy. In this article, we will discuss which bank supports Payoneer in Pakistan and other important details that Payoneer users should know.
Which Bank Supports Payoneer in Pakistan?
The good news for Payoneer users in Pakistan is that several banks support Payoneer in the country.
These banks offer a Payoneer withdrawal service that allows users to withdraw their funds from Payoneer to their local bank accounts. Here are the banks that support Payoneer in Pakistan:
- Faysal Bank
- Standard Chartered Bank
- MCB Bank Limited
- Allied Bank Limited
- Bank Alfalah
- Askari Bank Limited
- Habib Bank Limited (HBL)
- United Bank Limited (UBL)
It is important to note that the list of banks that support Payoneer in Pakistan may change from time to time. Therefore, it is recommended to check with the respective bank for the latest information.
How to Withdraw Payoneer Funds to a Local Bank Account in Pakistan?
To withdraw funds from Payoneer to a local bank account in Pakistan, follow these simple steps:
- Log in to your Payoneer account and click on the “Withdraw” button.
- Select the bank account you want to withdraw funds from and enter the amount.
- Review the transaction details and click on the “Withdraw” button.
- The funds will be transferred to your local bank account within 3-5 business days.
It is important to note that there may be fees associated with the Payoneer withdrawal service, depending on the bank you choose. Therefore, it is recommended to check with the respective bank for the latest fee structure.
FAQs:
Q. Can I withdraw funds from Payoneer to any bank in Pakistan?
A. No, not all banks in Pakistan support Payoneer. Only the banks mentioned above support Payoneer withdrawal in Pakistan.
Q. How long does it take to withdraw funds from Payoneer to a local bank account in Pakistan?
A. It usually takes 3-5 business days for the funds to be transferred to the local bank account.
Q. Are there any fees associated with the Payoneer withdrawal service in Pakistan?
A. Yes, there may be fees associated with the Payoneer withdrawal service, depending on the bank you choose.
Conclusion:
In conclusion, Payoneer is a popular online payment platform used by freelancers and businesses globally. In Pakistan, several banks support Payoneer withdrawal, including Faysal Bank, Standard Chartered Bank, MCB Bank Limited, Allied Bank Limited, Bank Alfalah, Askari Bank Limited, Habib Bank Limited (HBL), and United Bank Limited (UBL). Payoneer users in Pakistan can withdraw their funds to their local bank accounts by following a few simple steps. However, it is recommended to check with the respective bank for the latest information on fees and other details.