Last Updated: January 14, 2026
TL;DR (Quick Summary)
This guide covers everything you need to know about how to withdraw from payoneer to faysal bank in pakistan (2026). Includes practical steps and tips for Pakistani freelancers.
How to Withdraw from Payoneer to Faysal Bank in Pakistan (2026)
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 |
Understanding Payoneer in Pakistan
Payoneer is a lifesaver for freelancers in Pakistan. Given that PayPal does NOT operate here, Payoneer has become the go-to payment solution for those of us working on international platforms like Toptal, Upwork, and Fiverr. When I first created my Payoneer account, I was amazed by how easy it was to receive payments. I remember my first withdrawal, where I transferred $1,000 from Payoneer to my bank account. It felt like a milestone, especially considering that the average salary in Pakistan, especially in cities like Karachi or Islamabad, is around PKR 30,000-50,000 per month. For many freelancers, the potential to earn in dollars is life-changing.How to Link Payoneer with Faysal Bank
To successfully withdraw your earnings to Faysal Bank, you’ll need to link your bank account to your Payoneer account. Here’s how to do it: 1. **Create a Payoneer Account**: If you don't have one yet, sign up at the Payoneer website. 2. **Verify Your Identity**: Upload the necessary documents like your CNIC and proof of address to verify your account. 3. **Add Bank Account**: - Go to your Payoneer dashboard. - Click on “Bank Accounts” and select “Add Bank Account”. - Choose Pakistan as your country and select Faysal Bank. - Enter your Faysal Bank account details. 4. **Confirm and Save**: Ensure all details are correct and confirm the addition.Withdrawing Funds from Payoneer to Faysal Bank
Once your Faysal Bank account is linked, withdrawing funds is straightforward. Here’s a step-by-step guide: 1. **Log into Payoneer**: Access your Payoneer account. 2. **Go to Withdraw**: Click on the “Withdraw” option on the dashboard. 3. **Select Your Bank Account**: Choose your Faysal Bank account from the list. 4. **Enter Amount**: Specify the amount you wish to withdraw. 5. **Confirm Transaction**: Review the transaction details and confirm.Transfer Times and Charges
One of the questions I often hear is about the time it takes for funds to transfer and the associated charges. Based on my experience: - **Transfer Time**: Typically, the withdrawal from Payoneer to Faysal Bank takes about **3-5 business days**. However, I've noticed that sometimes it can be as quick as **2 days**, depending on the bank's processing. - **Charges**: Payoneer doesn’t charge for withdrawals to local banks, but your local bank (Faysal Bank) might have its own fees. I once incurred a small fee of about PKR 500 for a withdrawal, which is manageable considering the value of the transaction. - **Minimum Withdrawal Amount**: The minimum withdrawal amount from Payoneer is generally around **$50**.My Experience with Payoneer
I vividly remember the first time I withdrew money from Payoneer to my bank account. It was a Friday, and I had just completed a project on Upwork that paid me $300. I was eager to see how quickly I could access my funds. After following the steps outlined above, I made the withdrawal at around 2 PM. To my surprise, the funds reflected in my Faysal Bank account by Monday morning! That moment solidified my trust in Payoneer. It was like a direct link to my freelance success. Over the years, I’ve withdrawn over $50,000 using this method, which has allowed me to invest in my business and provide a better life for my family.Practical Tips for Using Payoneer
Here are some practical tips to ensure you make the most out of your Payoneer experience:- Use Payoneer for Multiple Platforms: Whether you’re working on Fiverr, Upwork, or any other platform, you can receive payments through Payoneer. This consolidates your earnings in one place.
- Keep Track of Fees: While Payoneer itself doesn’t charge for local bank withdrawals, always check with Faysal Bank for any applicable fees.
- Be Aware of Exchange Rates: Payoneer provides competitive exchange rates compared to local banks. However, always check the current rates to ensure you’re getting a fair deal.
- Utilize Payoneer’s Customer Support: If you encounter issues, don’t hesitate to reach out to Payoneer’s support team. They have been incredibly helpful in my experience.
Next Steps
If you’re just starting your freelancing journey or looking to optimize your payment process, here are some actionable steps to consider: 1. **Set Up Your Payoneer Account**: If you haven’t done so, create your Payoneer account today. 2. **Link Your Faysal Bank Account**: Follow the steps to link your bank account for easy withdrawals. 3. **Plan Your Withdrawals**: I recommend setting a schedule for your withdrawals, perhaps once a week or month, to manage your cash flow effectively. 4. **Stay Updated**: Keep an eye on any updates from Payoneer regarding fees or services they offer, as they frequently enhance their platform.Conclusion
Navigating the world of online payments can be challenging, especially for freelancers in Pakistan. However, with Payoneer, I found a solution that not only simplifies the process but also empowers me to earn in dollars. By following the steps outlined above, you can easily withdraw your earnings to Faysal Bank and manage your finances with confidence. Remember, every successful freelance journey begins with the right tools and financial strategies. Take the plunge today, and you might just find that financial freedom is closer than you think!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.