Thank you for visiting our Community Forum. For anything community-related please visit our SMB Network (https://www.payoneer.com/community/) or Resource Hub (https://www.payoneer.com/resources/). For support inquiries please visit http://paynr.co/ask.

In which banks does Payoneer keep our money? And is there an insurance?

oloccina
oloccina Member Posts: 1 ✭
edited December 2020 in Ask The Community
Hi,
I am interested in understanding in which banks Payoneer keeps the funds, but I can't find that information anywhere on google.

For instance, Transferwise declares to keep the funds in banks like Barclays and JP Morgan Chase if the bank address you are given is in the UK, and so on...

Is there somewhere a list of all the banks Payoneer uses ?

I am also interested to understand if there is some guarantee on the funds like the Financial Services Compensation Scheme (FSCS) or the Federal Deposit Insurance Corporation (FDIC) that regular banks offer.

Thank you if you can point me in the right direction!

Categories