Transfer USD to a bank account in France.

amaurymartiny

Hello,

I have an account in USD in a French bank. Can I transfer my Payoneer USDs to this bank account?

Thanks,

Amaury

Adam_Payoneer

Good day,

The default currency for withdrawing your funds to your bank will always be in the local currency supported by your country. Once you set up your withdrawal method, contact Payoneer support and see if they can change it to your desired currency in which you wish to receive the funds.

Keep in mind that withdrawing the funds in non-local currency may incur higher fees, another reason to contact Payoneer support when setting this up.

Howard S

What i have noticed is Payoneer made this change to local currency, so i'm from Jamaica and if i add a new bank account, my currency is JMD, but i had done this a few years ago and was able to add my USD currency bank account in Jamaica, i'm curious to know if i withdraw to the USD currency account, will my Euros, Pounds and USD be converted to JMD or will it convert to USD?

Howard

Adam_Payoneer

@Howard S said:
What i have noticed is Payoneer made this change to local currency, so i'm from Jamaica and if i add a new bank account, my currency is JMD, but i had done this a few years ago and was able to add my USD currency bank account in Jamaica, i'm curious to know if i withdraw to the USD currency account, will my Euros, Pounds and USD be converted to JMD or will it convert to USD?

Howard

It really depends on which bank account details you used. The funds are held in USD, EUR or GBP in your online balance, however the currency in which the funds are deposited depends if you set up the bank account details in local or non-local currency.

When in doubt, log in to your Payoneer account to double check this or contact Payoneer support directly to confirm/update the details.

Howard S

@Adam_Payoneer The only option i have when setting up a new bank account is JMD, i don't have another option and i heard this cannot be changed when you contact Payoneer support.

Howard

Adam_Payoneer

I understand that withdrawing in USD is an option that is needed, so while it may not be supported for you at the moment (something that Payoneer is working on to apply for all countries), there are different ways you can still utilize the funds in USD if you require it.

Most freelancers and sellers I talked to required USD because they needed to pay other contractors and suppliers internationally, and USD is usually the currency of choice when it comes down to it. If you are part of this equation, might I suggest you utilize Payoneer's Billing Service to pay other Payoneer users?

One of the account features offered by Payoneer is the ability to transfer funds between Payoneer account holders at no cost, regardless of which country the receiver of the funds is located. So rather than pay a fee for withdrawing the funds to your bank and then pay another fee for sending the funds to the person you are working with, you can do all of this with a simple click of a button, saving you time, money and headache.

Howard S

@Adam_Payoneer I'm not looking to send funds to anyone, just looking the best way to withdraw my funds to my bank account, since i'm dealing with 3 currencies currently, i would like the option to add 3 currency accounts so if i withdraw Euros or Pounds, that is what i will receive.

xiezty

> @"Howard S" said:
> What i have noticed is Payoneer made this change to local currency, so i'm from Jamaica and if i add a new bank account, my currency is JMD, but i had done this a few years ago and was able to add my USD currency bank account in Jamaica, i'm curious to know if i withdraw to the USD currency account, will my Euros, Pounds and USD be converted to JMD or will it convert to USD?
>
> Howard

Hi @"Howard S" , I was wondering if you found using the card to be better than wiring the funds to your Jamaican account? Btw - I am Tracy a fellow Jamaican :smile:

Howard S

Hello @xiezty

To be honest I have never done a withdrawal to my account as of yet, but I think I will use other than the debit card, I have used the debit card once to withdraw $320 from Scotia atm and it cost me $14 and considering there is no atm in Jamaica that dispenses euro or pounds withdrawing to bank would be the only option. Another thing to note is the atm's in Jamaica put a cap on how much you can withdraw at a time (Scotia was $320), so I don't even bother using my debit card anymore.

Howard

mperesson

Hi,
I have the exact same problem.
I have a bank account in USD in Hong Kong, but I can't register it on my payoneer account (only HKD and GBP are available).
I work with USD so I don't want to get a currency change when I withdraw it.