About currenc when withdrawing money to local bank accoung

brentclark2003

Hi. I have some question about using Payoneer
I am living in Vietnam and I want to withdraw money from payoneer account to my local bank account. So can I withdraw by USD, or it's obligated i must use VND curency?
Hope for your respond. Thank you

[Deleted User]

Hey @brentclark2003

The default option to withdraw your funds will always be in local currency. Once you have your account set up, you can contact Payoneer support team to see if you can change it to a different currency.

brentclark2003

Thanks Sarah. After researching, i found that I can withdraw by USD if my transaction is big enough. So what amount is big, how much i must withdraw? thank you

Adam_Payoneer

Hi @brentclark2003 ,

The usual minimum withdraw amount is $50 or of the equivalent currency however, several factors can influence the availability or limit of how much can be withdrawn to a bank in a single transaction, which is why you need to contact support to see what exact limits apply in your case.

Sangay

Can i transfer to local bank in Bhutan? Are bhutanese banks supported? If so what fees are applicable?

Adam_Payoneer

HI @Sangay

Currently you can withdraw your funds to Bhutan in USD or Euro currency only. Local currency is not an option at this time but it is something Payoneer is working on expanding to countries such as Bhutan. The fee for non-local currency transfers in this case is $15 from Payoneer's side, with intermediate banks possibly charging an additional feel, something Payoneer is unable to control.

To get a direct answer in regards to your individual account, contact Payoneer support directly.