Question About Payoneer Withdrawal

[colegordon]

Is it cheaper to withdraw your funds at the ATM and then deposit it in your local bank account, rather than to transfer the funds from Payoneer directly to your bank account? 
Which method have you found saves you more in fees? 

 

Thanks so much in advance for your advice! 

[designer_mkh]

I think, deposit it in your local bank account is Good for you. 
I found it good or me.

[colegordon]

Did you withdraw at the ATM first? 

[designer_mkh]

9 hours ago, colegordon said:

Did you withdraw at the ATM first? 

Yes I did, It takes $3-$5 fees for every Withdraw and even Balance Check.

[proconsultn2035]

Depositing it directly from Payoneer appeared cheaper in my country. 

[colegordon]

Does your bank charge low processing fees? 

 

I've just been looking at the three fees with direct tranfers: 

Conversion fees + Payoneer fees + Bank fees. 

Edited May 19, 2023 by colegordon
Addition

[colegordon]

1 minute ago, colegordon said:

9 hours ago, proconsultn2035 said:

Depositing it directly from Payoneer appeared cheaper in my country. 

Does your bank charge low processing fees? 

 

I've just been looking at the three fees with direct tranfers: 

Conversion fees + Payoneer fees + Bank fees. 

 

[mahananda_ray]

22 hours ago, colegordon said:

Is it cheaper to withdraw your funds at the ATM and then deposit it in your local bank account, rather than to transfer the funds from Payoneer directly to your bank account? 
Which method have you found saves you more in fees? 

 

Thanks so much in advance for your advice! 

Please read the Payoneer official article: https://payoneer.custhelp.com/app/answers/detail/a_id/18605/~/withdraw-to-bank---faq

[wpmanditech]

On 5/19/2023 at 12:52 AM, colegordon said:

Is it cheaper to withdraw your funds at the ATM and then deposit it in your local bank account, rather than to transfer the funds from Payoneer directly to your bank account? 
Which method have you found saves you more in fees? 

 

Thanks so much in advance for your advice! 

Withdrawing funds from Payoneer to local bank is really safe and faster. But withdrawing funds using Payoneer MasterCard is expensive. They may deduct $3.15 per transaction. Even if the card is declined by ATM will charge you $1.