Bank transfers: Payoneer to UK Bank Account

sillygoose

Hello!

I've noticed that withdrawals to UK bank accounts seem to happen within a few hours. I assume this is thanks to the UK's FPS (Faster Payment System) however, as it's not immediate, that means there must be some sort of allowed payout schedule.

I receive my salary from UpWork to Payoneer and I'd like to continue to withdraw via Payoneer to my UK account.

If anyone could advise on their experience of if someone from Payoneer could advise on the payout schedule, that would be great.

Thank you!

[Deleted User]

The transfer time can take between 1-2 business days once the company has sent the payment, then the review is between 1-3 business days. However, we have seen cases in which payments were loaded in one day to the account.

kimindia

Hi there, sorry to jump in with my question...I'm based in London with UK bank account and I don't seem to be able to withdraw funds that I have in Payoneer account to my bank account?? I was under the impression I would have this facility...can anyone help?

B_orn

> @sillygoose said:
> I've noticed that withdrawals to UK bank accounts seem to happen within a few hours. I assume this is thanks to the UK's FPS (Faster Payment System)

Hi sillygoose,

Not sure if you are subscribe to this topic and receive my reply, but could you tell me if this means that you receive the payment into your local UK bank account within several hours after sending the payment from the Payoneer systeem?

I have a local UK GBP account that supports Faster Payments and work via UpWork as well. If you can indeed confirm that Payoneer to your bank account just takes several hours, I will use Payoneer from now on as well for my UpWork payouts.

Thanks!