Payoneer is one of the most trusted and used payment processor in Pakistan. From small freelancers to big companies are using this platform to receive their hard-earned money. Before 2016 Payoneer didn’t have the support for local bank transfer and people had to use ATM as a last resort to withdraw their money. I remember going every day to ATM to get cash and then deposit it in to my local account. At that time only few banks supported ATM withdrawals and limits were very small. Now Pakistan is one of Payoneer biggest market and they are doing everything to facilitate their users.

I originally wrote this article back in 2014 and now I am updating it after 4 years in 2019 as people are still coming and reading about this topic.


A brief intro about Payoneer

Payoneer is an international financial company that helps people get their money from marketplaces like Amazon and Freelance platforms like Upwork. In Pakistan, due to lack of other options that are available elsewhere like Paypal freelancer most preferred choice is Payoneer.

Getting paid by Payoneer is cheap and fast. You can receive money from thousands of their partners. Along with this, they provide you local bank account from over four countries. I personally have US, UK, Euro & Canada bank accounts provided by Payoneer. I can receive money in those accounts just like local residents, some special rules and regulations do apply which you can learn more about at their website.

You can get money from your clients as well in some of those accounts and can send them requests to pay you directly in Payoneer. Money is transferred instantly in most cases except sometimes when it can take up to a few days. Then you can either hold money in your Payoneer account for as long as you want or you can withdraw to your local bank account or withdraw using their ATM card.


Payoneer Payment Withdrawal Methods

There are two Payment withdrawal options in Payoneer. Either by Bank Transfer or secondly by ATM.


Withdraw Directly to Bank Account

You can withdraw payments directly into your Bank account. Just login to your account. Add your local bank account details and you are done. Make sure your account name matches in both places (Payoneer and local account).

You can even withdraw to your bank accounts in other countries. You just need to have the same names in both accounts and it should be owned by you.

For big customers, Payoneer also offers a method to send a bank transfer anywhere to anyone. Its invite-only feature and only some of my friends have it who are running big tech companies.


Payoneer POS Transactions

You can use Payoneer card at Point of sale locations around the world. It is always my go-to choice when I travel outside the country. Local bank’s rates are very bad plus taxes make it even worse. But it’s not free. Payoneer does charge currency conversion + international charges which are around 3% for every transaction. I am attaching a screenshot for your reference.

Payoneer ATM withdrawals

Payoneer offer ATM withdrawal but you should only use it when necessary as it’s costly and has daily limits. Local bank transfer is comparatively cheap. You will be paying around 3-5$ fees for every withdrawal you make.

I do not have up to date data on which banks currently support Payoneer cards but these were the banks that were supporting Payoneer ATM cards previously.




Muslim Commercial Bank (MCB)

My go-to option for the Payoneer card is MCB bank. You can withdraw up to 2000$ a day via ATM. MCB does charge around 200 PKR fee plus 3$ by Payoneer. Rates may go up and down according to the market.

Transaction from 2015


Standard Chartered Bank

SCB is an international bank and their ATM are better suited for international payments. I never had a problem with their machines. The only problem is that they have very few branches around the country and are only present in big cities of Pakistan.



Citi Bank

Citi Bank can also be used to withdraw money from Payoneer, but it’s not common because of a limited number of branches in Pakistan, they have only three to four branches in big cities, if you have found any branch near you then you can withdraw maximum from them like that of SCB.


Samba Bank

Samba Bank is also able to withdraw money from Payoneer, you can also use it to withdraw the maximum of 20,000 Rs in one transaction, rates are higher and the bank is only available in few cities of Pakistan like Lahore, Karachi & Islamabad.


Bank Alfalah

Some people reported that they had success with Bank Alfalah as well but I never tried it.


Payoneer Card Online Usage

You can use Payoneer card for online shopping around the world. Some fees may be charged. It’s my preferred choice for Aliexpress and other online shopping.


Payoneer Withdrawal Limits

Using Payoneer Mastercard you can Withdraw a maximum of 2,500$ per day or may vary according to your account but Mastercard limits are around this figure.


How to Locate ATM Branch near you?

Finding near the ATM branch is simple just click on the bank name below and it will redirect you to the official website of that bank where you can find ATM near you.


Money Exchangers?

In 2014 it was common to get digital money exchanged with local currency but now it’s not common and neither recommended. Your Payoneer and Paypal account can get banned or limited if you do so.


Hi Readers, Welcome to My Blog. I am Hamza Ahmed, a tech geek From Islamabad Pakistan. I love to write, code and explore new amazing stuff. You can connect with me on Twitter & Facebook. Read more about me here.


  1. Hamza Khan Reply

    very useful info for payoneer, thanks for guidelines. regards.

  2. Freelancer Reply

    Standard Chartered charges 500 per ATM use.. MCB charges 200.. I prefer MCB.. It can be helpful if you have to withdraw smaller amounts like 1000 Rs or so..

  3. Salman Ahmed Reply

    Can someone help me with a problem that I am facing when withdrawing from Payoneer? So basically I linked my HBL account with my Payoneer account, and the account was approved. However when I received a payment from fiverr that was sent to my Payoneer, the payment was not transferred to my HBL account and instead it got lost somewhere in the middle. I emailed Payoneer customer care and they told me that the funds have been sent from their side but when I contacted HBL they told me that HBL is not in business with Payoneer anymore and that they have not received any payment. Can someone please tell me how can I recover the payment?

    • Hamza Ahmed Reply

      You are in big trouble. Force both parties to help you out especially Payoneer. Tell them that you are gonna file a case if you don’t get money.

  4. Bilal Ghani Reply

    Hey. I am currently working as a freelancer on Livingston research. It would be the first transaction that I will made through payoneer. The funds that I have in my freelancing account are 49 USD. I just want to ask whether payoneer will process them to my Bank Al habib account? Or is there a minimum limit for withdrawal to local bank account from USD to PKR.. I am just too much curious, any help would be really appreciated. Regards

  5. Saqib Asjad Reply

    AoA. I have attached my MCB bank account to payoneer. I withdraw 1st payment of 375$ and it reached the account on same day… But after some days i tried to withdraw more but doesn’t work… Instead the payment got back to payoneer after a week and they mailed me saying that your bank rejects the payment… I tried once more but same thing happened… I asked MCB to ive reason but their employees even don’t know what is payoneer… Kindly help me with this issue..
    I will be very thankful.

    • Make sure your attached account have PKR currency in Payoneer. You might get problem if you directly withdraw dollar instead of PKR & extra fees.
      Also call bank and ask them for rejected transfers and reason why transfer to your accounts are rejected. May be your account is student account or have some restrictions placed on it. If nothing work, try getting another bank account. UBL seems to work fine for me.

      • Saqib Asjad Reply

        Yesterday, i attached HBL account and it says it need 3 days to be approved… But also it shows a sign of action required and asks to go to verification centre and submit required documents but when i go there’s nothing on verification centre to submit… Will it be approved after two days or its an error??

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