Last Updated: January 14, 2026
TL;DR (Quick Summary)
This guide covers everything you need to know about how to withdraw from payoneer to ubl in pakistan (2026). Includes practical steps and tips for Pakistani freelancers.
How to Withdraw from Payoneer to UBL 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 and UBL Integration
Before diving into the specifics of withdrawing from Payoneer to UBL, let’s clarify what Payoneer is and why it’s the go-to payment solution for freelancers in Pakistan. Payoneer is a global payment platform that allows freelancers to receive payments from international clients and withdraw them to local banks in Pakistan. Since PayPal is not an option, Payoneer fills that gap effectively.Why Choose UBL?
United Bank Limited (UBL) is one of the prominent banks in Pakistan with a solid reputation for handling international transactions. Here are some reasons why UBL is a great choice for withdrawing your Payoneer funds: - **Wide Network**: UBL has a vast network of ATMs and branches across Pakistan. - **Online Banking**: Their online banking services are user-friendly, making it easy to manage your funds. - **Quick Transfers**: UBL is known for its efficient processing of international transfers.Steps to Withdraw from Payoneer to UBL
Now that you understand the benefits, let’s break down the process of withdrawing your funds from Payoneer to UBL.1. Set Up Your Payoneer Account
First, you need to have a Payoneer account. If you don’t have one yet, here’s how to set it up: - Go to the Payoneer website and click on "Sign Up." - Fill in your personal details. - Provide your business information, including your freelancing services. - Once your account is approved, you can start receiving payments.2. Link Your UBL Account to Payoneer
Once your Payoneer account is set up, the next step is to link your UBL account: - Log into your Payoneer account. - Go to the “Bank Accounts” section. - Click on “Add a Bank Account.” - Select "Pakistan" as your country and "UBL" as your bank. - Enter your UBL account details. Make sure to double-check your account number to avoid any issues.3. Withdraw Funds from Payoneer to UBL
With your UBL account linked, you can now withdraw your funds: - Log into your Payoneer account. - Navigate to the “Withdraw” section. - Select “Withdraw to Bank.” - Choose your linked UBL account. - Enter the amount you wish to withdraw and confirm. Note: The minimum withdrawal amount from Payoneer to UBL is $50. If you’re withdrawing 100 USD, that translates to about 17,500 PKR, based on a rough exchange rate of 175 PKR per USD.Understanding Withdrawal Charges and Timing
When withdrawing funds, it's important to be aware of the associated charges and the time it takes for the transfer to process.1. Payoneer Withdrawal Charges
Payoneer charges a fee for withdrawing funds to your local bank. Here’s a breakdown of the charges: - **Withdrawal Fee:** Typically around $3 per transaction. - **Currency Conversion Fee:** If you're converting USD to PKR, Payoneer may take a small percentage (about 2-3%) for currency conversion. For example, if you're withdrawing $200, you might end up paying around $6 for fees, which is approximately 1,050 PKR.2. Transfer Time
Once you initiate the withdrawal, the funds usually take between 1 to 3 business days to reflect in your UBL account. In my experience, I’ve found that UBL is quite efficient, and I typically see the funds in my account within 24 to 48 hours.My Experience with Payoneer and UBL
When I first started using Payoneer, I was hesitant. I remember my first withdrawal was only $100 because I wanted to test the waters. I linked my UBL account, and to my surprise, the funds were available in just two days. Over the years, I've managed to withdraw over $50,000 from Payoneer to UBL, and each transaction has reinforced my trust in this process. I recall one instance where I was waiting for a large payment from a client on Upwork. I had a major client project and needed those funds quickly for my expenses. Thankfully, the funds arrived on time, allowing me to meet my obligations without any hassle.Practical Tips for Pakistani Freelancers
Here are some practical tips that can help you streamline your withdrawals from Payoneer to UBL:- Keep Track of Exchange Rates: Be aware of the current USD to PKR rate. This helps you plan your withdrawals better.
- Maintain a Minimum Balance: Always ensure you have at least $50 in your Payoneer account to avoid any delays.
- Regular Withdrawals: Make it a habit to withdraw regularly rather than letting your balance pile up. This reduces the risk of fluctuations in exchange rates.
- Use Payoneer for Multiple Platforms: If you’re working on platforms like Fiverr or Upwork, ensure they’re set to pay into your Payoneer account for seamless transactions.
Next Steps for Financial Freedom
As a freelancer in Pakistan, understanding how to effectively manage your payments can greatly impact your financial freedom. Here are some steps you can take: 1. **Register with PSEB:** Ensure you’re registered with the Pakistan Software Export Board (PSEB) to avail tax benefits and gain credibility with clients. 2. **Stay Compliant with FBR:** Keep track of your earnings and be aware of your tax obligations. As freelancers, we need to be responsible and transparent with the Federal Board of Revenue (FBR). 3. **Leverage Payoneer Benefits:** If you haven’t already, sign up for Payoneer and take advantage of their $25 bonus for new users. This bonus can serve as a nice boost for your initial withdrawals. 4. **Network with Other Freelancers:** Join local freelancing groups on social media. Sharing experiences and tips can be invaluable.Conclusion
Withdrawing from Payoneer to UBL in Pakistan doesn’t have to be a daunting task. By following the steps outlined above and being aware of the charges and timings, you can manage your funds efficiently. Remember, freelancing is a journey filled with ups and downs, but with the right tools and strategies, you can achieve financial independence. I wish you all the best in your freelancing endeavors!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.