Last Updated: January 14, 2026
Payoneer Withdrawal to Bank in Pakistan: A Comprehensive Guide for Freelancers
Quick Platform Comparison for Pakistan
| Platform | Best For | Commission | Payment Methods | Min. Payout |
|---|---|---|---|---|
| Fiverr | Beginners | 20% | Payoneer, Bank | $10 |
| Upwork | Professionals | 10-20% | Payoneer, Wire | $100 |
| Freelancer | Variety | 10% | Payoneer | $30 |
| PeoplePerHour | UK Clients | 20% | Payoneer | $50 |
As a Freelancer in Pakistan, navigating international payments can be a daunting task. With the absence of PayPal in the country, many freelancers are left searching for reliable alternatives to receive their hard-earned money. Payoneer has emerged as a popular choice among freelancers, offering a seamless way to withdraw funds to local banks. In this guide, we will walk you through the entire process of withdrawing your Payoneer earnings to your bank account in Pakistan, ensuring you can access your funds without any hassle.
Why Payoneer is a Top Choice for Pakistani Freelancers
Payoneer is designed to cater to the needs of freelancers, enabling them to receive payments from global clients and marketplaces. Here’s why it stands out:
- Global Reach: Payoneer allows you to receive payments from clients all over the world, including major platforms like Fiverr and Upwork.
- Multiple Currency Accounts: You can hold balances in various currencies, making it easier to manage international payments.
- Easy Withdrawals: Payoneer facilitates straightforward withdrawals to your local bank in Pakistan.
- Bonus Offer: By signing up through my link, you can earn a $25 bonus when you receive your first $1000.
Setting Up Your Payoneer Account
Before you can withdraw funds to your bank account, you need to set up your Payoneer account. Follow these steps:
- Visit the Payoneer Website: Go to Payoneer.com and click on the “Sign Up” button.
- Fill Out the Registration Form: Provide your personal details, including your name, email address, and business information.
- Verify Your Identity: Payoneer may require you to upload identification documents, such as your CNIC or passport, to verify your identity.
- Link Your Local Bank Account: Once your account is approved, you can link your local bank account to your Payoneer account.
Withdrawing Funds from Payoneer to Your Pakistani Bank
After receiving payments into your Payoneer account, you can easily withdraw your earnings to your local bank. Here’s how:
- Log In to Your Payoneer Account: Access your Payoneer dashboard using your credentials.
- Go to the “Withdraw” Section: Navigate to the “Withdraw” tab and select “To Bank Account.”
- Select Your Linked Bank Account: Choose the bank account where you want the funds to be transferred. Ensure that your bank details are accurate to avoid any issues.
- Enter the Withdrawal Amount: Specify the amount you wish to withdraw. Be mindful of the conversion rates, as Payoneer may charge a fee for currency conversion.
- Confirm the Transaction: Review the details and confirm the withdrawal. You will receive a notification regarding the status of your transaction.
Understanding Local Bank Options and Currency
In Pakistan, several banks can facilitate withdrawals from Payoneer. Some of the most popular options include:
- Habib Bank Limited (HBL)
- MCB Bank
- United Bank Limited (UBL)
- Meezan Bank
- Allied Bank
As of now, the approximate exchange rate is $1 = 280 PKR, which may vary. Keep an eye on the rates as they can impact how much you receive in your local currency.
Fees and Processing Times
When withdrawing funds from Payoneer, it’s essential to understand the associated fees and processing times:
- Withdrawal Fees: Payoneer typically charges a fee for each withdrawal, which can vary based on the amount and currency.
- Processing Time: Withdrawals can take anywhere from 2 to 5 business days to reflect in your local bank account, depending on your bank's processing times.
Tax Considerations for Freelancers in Pakistan
As a freelancer receiving international payments, it’s crucial to stay compliant with tax regulations in Pakistan. Registering with the Federal Board of Revenue (FBR) is essential for tax purposes. Fortunately, freelancers often enjoy favorable tax treatment, making it easier to manage your earnings.
Additionally, being registered with the Pakistan Software Export Board (PSEB) can provide you with various benefits, including tax exemptions and access to government resources aimed at supporting freelancers.
Conclusion: Unlock Your Freelancing Potential with Payoneer
In conclusion, withdrawing your earnings from Payoneer to a local bank in Pakistan is a straightforward process that can significantly enhance your freelancing experience. By following the steps outlined in this guide, you can ensure that your funds reach you quickly and securely.
Don’t forget that PayPal is not an option for Pakistani freelancers, making Payoneer an invaluable tool for receiving international payments. Sign up for Payoneer today and start receiving international payments! Plus, get a $25 bonus when you receive your first $1000!
Remember to keep track of your transactions, understand the fees involved, and stay compliant with tax regulations to make the most out of your freelancing journey.
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.