Payoneer to BDO

[johnochoa]

Good day,

I just want to ask how long does it take to transfer funds from Payoneer to BDO savings account.

Your input would be appreciated and might be helpful for others besides me.

So far, I can verify that transfering funds from Upwork to Payoneer takes 20 minutes or more but less than a few hours. I would like to know if anyone has an actual timeframe once you withdraw the money from Payoneer to your local bank (BDO, BPI , etc.)

*I am aware that the Payoneer indicates it should be 3-5 business days, however, I gathered that it is faster than that when transfering money to your local bank in the Philippines.

Best,

John

[johnochoa]

Disregard.

I got received the transfer.

upwork to payoneer = 20mins +

payoneer to bdo = 8 hours +/- after suffessful tansfer

[alphamac29]

How about the fees? What would be the fees on transferring money from Payoneer account to local bank?

[johnochoa]

In my experience, no incoming fee for BDO kabayang savings account (Both peso and dollar account). For payoneer, there is no fee, however, there is a 2% deduction I believe. which will yield better convertion than let say paypal. but I haven't tried paypal to have concrete evidence.

[cutiepi]

how about from payoneer to bpi?

[johnochoa]

i  believe there is no charge as well