Intermediate Bank

LenawaLenawa Member Posts: 2
Hi Guys

I want to withdraw to my bank account , when I go to my Payoneer account to add a new bank I do not have the option to add an intermediate bank , is there a way to add an intermediate bank , since my bank in Panama needs one .

Any help much appreciated

Answers

  • SmartDriveSmartDrive Member Posts: 221 ✭✭✭

    @Lenawa said:
    Hi Guys

    I want to withdraw to my bank account , when I go to my Payoneer account to add a new bank I do not have the option to add an intermediate bank , is there a way to add an intermediate bank , since my bank in Panama needs one .

    Any help much appreciated

    As far as I know you only need the final account destination details, the intermediate banks will be selected automatically by the payoneer bank processor if need it.

    Take into consideration that Mercantil Panama by self experience doesn't allow transactions from Payoneer or any other wallet (it will be bounce back to your account in about 15 days) however Banesco Panama and most Panama banks the money arrives almost instantly (less than 24 hours on business days).

    So If you are planning to add money to your Mercantil Panama then the best way is with the money app and the reload your account using the MasterCard card top up option, and if you want to pay to a client or provider on Mercantil Panama or any other Panama bank is the same add the money first via the Mercantil Mony app to your own account and then transfer the money to the other person.

    The bank fee that charge Banesco and most panama's banks is about 15 USD for transfer via SWIFT so Mercantil Mony and the top up option is the best and easiest way to pass money from payoneer or any other bank or wallet to Panama...

    Mercantil Panama is the worst bank to receive SWIFT transfer on Panama (most of the time it is bounced back to payoneer or to the origin account after several days) so if you use Mercantil Panama, the option of adding funds via Mastercard works just excellent.

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