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Receiving funds in USD via payoneer, can I withdraw funds in USD as well if I from local USD acc?

frostedmelodies
frostedmelodies Member Posts: 1 ✭
in Meet and Greet
Hi all! I've been using payoneer for over a year now. I live in the Philippines, and usually use HSBC atms to withdraw since they have higher limits.

However, the exchange rate fluctuates so often. I've been thinking of opening a local USD account in order to withdraw my funds from payoneer that are sent to me in USD.

Would this work?

Comments

  • ahsanhabibcy
    ahsanhabibcy Member Posts: 27 ✭✭

    I think as long as your bank allows you to receive and keep money in USD, it will work just fine.

  • mtie
    mtie Confirm Email, Member Posts: 1 ✭
    Did it work? I was trying to use the Payoneer card to withdraw in ATM that can dispense dollars but they are converting it automatically to local Peso currency so I'm thinking Payoneer to USD bank account might work?
  • EdwinPayoneer
    EdwinPayoneer Confirm Email, Member, Administrator Posts: 366 ✭✭✭✭✭✭✭

    @mtie said:
    Did it work? I was trying to use the Payoneer card to withdraw in ATM that can dispense dollars but they are converting it automatically to local Peso currency so I'm thinking Payoneer to USD bank account might work?

    If you are looking to access funds in USD this would be the best way. Just keep in mind this requires that the USD currency option is available for bank withdrawal in your region. Even if you do have a bank account that supports this, we may not have a processor that can offer this.

    To be sure just try to add your bank to your Payoneer account, and check the currency options available. If you see USD, then you can be sure it is supported.

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