Business Making payments

Steps to Transfer Money from Payoneer to Bank | US Guide

Mike Renaldi

06.10.25

Read time 3 minutes

American entrepreneurs, expats and businesspeople often rely on Payoneer to get paid for their work. From Payoneer, they need to transfer their income to their bank account, following a specific set of steps to do so, and those steps are what this article will cover.

In this guide, we outline the steps to transfer money from Payoneer to your bank account and provide additional tips on timing, fees and best practices for US users.

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Preparing Your Payoneer Account (Linking a Bank Account)

Before you can transfer money from Payoneer to a bank, you need to have a bank account added and approved in your Payoneer account.

If you haven’t done this yet, follow these initial steps to link your bank account:

Add your bank account: Log in and go to “Settings” → “Bank Accounts” then click “Add bank account.” Select whether it’s “Personal” or “Company.”
Enter bank details: Provide the required information, such as bank name, account number, routing number or SWIFT.
Name matching: The bank account name must exactly match your Payoneer account (your name for personal accounts, company name for business accounts).¹
Approval wait time: Payoneer reviews new bank accounts for security, usually within three business days. You’ll receive an email once approved.²

You can repeat the above process to add additional bank accounts via the Bank Accounts page or when initiating a withdrawal (using “Add new account”).³

Step-by-Step: How to Transfer Money from Payoneer to Your Bank Account

Now that your bank account is linked and approved, you can withdraw funds from Payoneer to that bank at any time.

Follow these steps to transfer money from your Payoneer account to your bank account:

Sign in: Log in on the web or mobile app and make sure you have a balance available.
Open withdrawal menu: Navigate to “Withdraw” → “To Bank Account.” If no bank is linked, Payoneer will prompt you to add one first.
Select the source balance: Choose the currency you want to withdraw from (e.g., USD if you’re sending USD). Payoneer supports multiple currencies, so pick the correct one.⁴
Choose the destination bank account: Select from your saved accounts or add a new one.
Enter the amount to transfer: Input the amount you want to withdraw. The system will show your available balance and flag if your request is below the minimum.⁵
Review the details: Double-check the balance, bank account, amount, exchange rate (if applicable), and withdrawal fee.
Confirm and withdraw: Submit the request and complete any required verification. A confirmation will appear, and Payoneer will also email you a receipt.

Once you’ve initiated the transfer, Payoneer starts processing it. You have now successfully requested to move your money from Payoneer to your bank!

Payoneer Withdrawal Timeline and Fees

In most cases, transfers from Payoneer to your US bank take one or two days, and sometimes even the same day you’re notified. Longer waits (up to two business days) are usually due to weekends or holidays.

Payoneer shows you an estimated deposit date in your account. If the transfer says it’s complete but nothing shows after five days, get in touch with your bank and Payoneer support.

You’ll also have the option to download a Confirmation of Transfer from your Payoneer account, which makes it easier for your bank to locate the funds.

Are There Any Fees To Withdraw Money From Payoneer To My Bank?

Yes, Payoneer generally charges a withdrawal fee, which is clearly disclosed before you initiate a withdrawal. The amount Payoneer charges for withdrawal fees will depend on the currency and location of your bank.⁶

For example, if no currency conversion is needed, a flat fee of around $1.50 is usually charged.⁶ If currency conversion is involved, Payoneer applies a conversion fee (about 3% of the amount, built into the exchange rate) for converting to the target currency.⁶

You’ll see the exact fee and exchange rate on the confirmation screen before you complete the transfer.

Conclusion

If you’re operating a global business that needs to make and receive payments from around the world, Payoneer could help to simplify these transactions for you and your team. Whether it’s payroll, operating costs or reinvesting in growth, this service aims to help firms, clients, partners and suppliers succeed.

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Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. Wise makes it easy to send, hold, and manage business funds in currencies. You can get major currency account details for a one-off fee to receive overseas payments like a local. Simply add the local account details when billing international customers to receive international payments with no fees.

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Major local account details to receive international payments with ease No monthly account fees just a simple one-off fee for account details Receive payments from e-commerce platforms such as Amazon or via Stripe. Free invoicing tool to generate and send invoices. Create invoices using the Wise invoice generator or invoice templates. Accounting integrations, including a QuickBooks Bill Pay connection. Bill payments will be synced, matched, and categorized in QuickBooks for simple reconciliation. Access to BatchTransfer. Fast payment of up to 1,000 people.

Some key benefits of Wise Business include:

Major local account details to receive international payments with ease
No monthly account fees just a simple one-off fee for account details
Receive payments from e-commerce platforms such as Amazon or via Stripe.
Free invoicing tool to generate and send invoices. Create invoices using the Wise invoice generator or invoice templates.
Accounting integrations, including a QuickBooks Bill Pay connection. Bill payments will be synced, matched, and categorized in QuickBooks for simple reconciliation.
Access to BatchTransfer. Fast payment of up to 1,000 people.

Sources:

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This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.