Last Updated: January 14, 2026
Best Bank for Payoneer in Pakistan
Payment Methods Comparison for Pakistani Freelancers
| Method | Withdrawal Fee | Transfer Time | PKR Support | Rating |
|---|---|---|---|---|
| Payoneer | 1% | 1-2 days | Yes | Best Overall |
| Wise | 0.5-1% | 1-3 days | Limited | Best Rates |
| Bank Wire | $25-50 | 3-5 days | Yes | Large Amounts |
| Western Union | $10-20 | Minutes | Cash | Urgent Only |
As a Pakistani Freelancer, you may face numerous challenges when it comes to receiving payments from international clients. The absence of PayPal services in Pakistan complicates the situation. However, platforms like Payoneer have emerged as a reliable solution for freelancers seeking to receive payments from abroad. But to maximize your Payoneer experience, choosing the right bank to link with your Payoneer account is crucial. In this article, we will explore the best banks in Pakistan for Payoneer users, along with practical tips and steps to get started.
Why Payoneer is Essential for Pakistani Freelancers
Payoneer allows you to receive payments in multiple currencies and withdraw them in Pakistani Rupees (PKR). With its global reach, Payoneer is widely accepted by platforms like Upwork and Fiverr, making it a go-to option for many freelancers. Moreover, linking your Payoneer account to a local bank can help you efficiently manage your finances.
Best Banks for Linking with Payoneer in Pakistan
While several banks in Pakistan can facilitate your Payoneer withdrawals, some stand out for their services, fees, and convenience. Here’s a closer look at the top banks:
1. HBL (Habib Bank Limited)
HBL is one of the largest banks in Pakistan, known for its extensive network and reliable services. It offers seamless integration with Payoneer, allowing you to easily transfer funds to your HBL account.
- Pros: Extensive branch network, good customer service, easy online banking.
- Cons: Higher fees for international transfers compared to others.
2. MCB (Muslim Commercial Bank)
MCB is another popular choice among freelancers. They offer competitive rates for international transactions and have a straightforward process for linking with Payoneer.
- Pros: Competitive rates, user-friendly app, responsive support.
- Cons: Some users report slower processing times for withdrawals.
3. UBL (United Bank Limited)
UBL has a solid reputation for its international banking services. They provide a convenient way to receive and withdraw funds from your Payoneer account.
- Pros: Good international banking services, helpful customer support.
- Cons: May have higher withdrawal fees compared to local banks.
4. Meezan Bank
If you prefer an Islamic banking option, Meezan Bank is a great choice. They have a growing profile in the freelancing community and offer Shariah-compliant services.
- Pros: Islamic banking services, good customer support.
- Cons: Limited branches compared to conventional banks.
5. Allied Bank
Allied Bank is known for its robust online banking system, making it easier for freelancers to manage their accounts linked with Payoneer.
- Pros: Strong online banking platform, easy to use.
- Cons: Fewer physical branches.
How to Link Your Payoneer Account with a Pakistani Bank
Now that you know which banks are best for your Payoneer account, let’s go through the steps to link them:
- Sign Up for Payoneer: Visit Payoneer’s website and create an account. Make sure to provide accurate information to avoid verification issues.
- Verify Your Identity: Follow the instructions to verify your identity, which may include providing documents like your CNIC and proof of address.
- Link Your Bank Account: Once your account is set up, go to the “Bank Accounts” section and select “Add Bank Account.” Choose Pakistan as your country and fill in your bank details.
- Confirm the Link: Payoneer will make small deposits to your bank account for verification. Check your bank statement and enter the amounts to confirm your account.
- Withdraw Funds: After linking, you can withdraw your Payoneer funds directly to your bank account in PKR!
Practical Tips for Using Payoneer in Pakistan
1. Keep Track of Currency Conversion Rates
The exchange rate is crucial when withdrawing your funds. As of now, $1 is approximately 280 PKR. Make sure to keep an eye on the rates to maximize your earnings.
2. Utilize Mobile Wallets
Consider using mobile wallets like JazzCash or Easypaisa, which can be linked to your Payoneer account for easier transactions.
3. Stay Tax Compliant
Register with the Federal Board of Revenue (FBR) to ensure that you benefit from favorable tax treatment as a freelancer. Proper registration can save you from future tax-related headaches.
Conclusion
Choosing the right bank to link with your Payoneer account can significantly impact your freelancing experience in Pakistan. HBL, MCB, UBL, Meezan Bank, and Allied Bank are all solid options, each with its own advantages and disadvantages. By following the outlined steps to link your Payoneer account and leveraging practical tips, you can simplify your payment process and focus on what you do best—freelancing!
Ready to take your freelancing career to the next level? Sign up for Payoneer and start receiving international payments today! Plus, get a $25 bonus when you receive your first $1000!
Frequently Asked Questions
Does Payoneer work in Pakistan?
Yes, Payoneer works perfectly in Pakistan. You can receive payments from Fiverr, Upwork, and other platforms to Payoneer and transfer to your Pakistani bank.
How do I transfer from Payoneer to Pakistani bank?
Log into Payoneer, select Withdraw > To Bank Account, choose your Pakistani bank, enter amount. Funds arrive in 2-5 business days.
What are Payoneer fees?
Payoneer charges about 2% for withdrawal to Pakistani banks. ATM withdrawal costs $3.15. Currency conversion has a 2% fee.