How to Send Money from Payoneer to nsave
Payoneer is a popular payment platform for freelancers, online sellers, and remote workers worldwide. If you receive payments through Payoneer, you can transfer your funds to your nsave USD account for better rates and more banking features.
Why Transfer from Payoneer to nsave?
- Lower fees for currency conversion and withdrawals
- Full USD banking features with your nsave account
- Better exchange rates when converting to local currency
- Access to investment options and savings
- Physical and virtual debit cards for global spending
- No minimum withdrawal amounts
Prerequisites
Before starting, ensure you have:
- An active Payoneer account with available balance
- A verified nsave account with USD account details
- Your Payoneer account must have completed identity verification
- Sufficient funds in your Payoneer balance (check minimum withdrawal limits)
Step-by-Step Guide: Transfer Payoneer to nsave
Step 1: Locate Your nsave USD Account Details
- Open the nsave mobile app
- Go to the "Accounts" section
- Select your USD Account
- Tap "Receive Money" or "Account Details"
- Save these details:
- Account Holder Name
- Account Number
- Routing Number (ACH)
- Bank Name and Bank Address
- SWIFT/BIC code (if available)
Step 2: Add nsave as a Bank Account in Payoneer
- Log into your Payoneer account (web platform recommended)
- Navigate to "Withdraw" or "Receive" section
- Click on "Add Bank Account" or "To Bank Account"
- Select "Add a US Bank Account" (if transferring USD)
- Choose "Add Manually" or "Enter Bank Details"
- Fill in your nsave account information:
- Bank Name: (as shown in nsave)
- Routing Number (ACH): 9 digits
- Account Number
- Account Type: Checking
- Account Holder Name: (must match your Payoneer name)
- Click "Add" or "Submit"
Step 3: Verify Your Bank Account
Payoneer typically verifies bank accounts automatically, but may require additional verification:
- Check your email for verification instructions from Payoneer
- You may need to upload additional documents
- Verification usually takes 1-2 business days
- You'll receive a confirmation email once approved
Step 4: Transfer Funds from Payoneer to nsave
- Go to "Withdraw" in your Payoneer account
- Select "To Bank Account"
- Choose your nsave USD account from the list
- Enter the amount you want to transfer
- Review the details:
- Transfer amount
- Fees (if any)
- Estimated arrival time
- Click "Continue" or "Withdraw"
- Confirm with your security method (password, 2FA, etc.)
Transfer Times and Fees
AspectDetailsProcessing Time2-5 business daysPayoneer FeesUsually $1.50-$3.00 per withdrawal (check Payoneer's fee schedule)nsave Receiving FeeFree for USD transfersMinimum AmountVaries by region (typically $50-$100)Maximum AmountCheck your Payoneer account limits
Note: Fees are subject to change. Always check the fee breakdown before confirming your transfer.
Supported Transfer Methods
Option 1: US Bank Transfer (ACH)
- Best for: USD-to-USD transfers
- Speed: 2-5 business days
- Fees: Lower fees
- Recommended for most users
Option 2: International Wire Transfer
- Best for: If ACH is not available in your region
- Speed: 3-7 business days
- Fees: Higher fees (usually $10-$30)
- May require SWIFT code
Troubleshooting Common Issues
"Bank account details not accepted"
- Double-check routing and account numbers
- Ensure account holder name matches exactly
- Try adding through Payoneer website instead of mobile app
- Contact Payoneer support for region-specific requirements
Verification is taking too long
- Verification typically takes 1-2 business days
- Check your email for requests for additional documents
- Ensure all personal details match between Payoneer and nsave
- Contact Payoneer support if waiting more than 3 days
Transfer is delayed
- Standard transfers take 2-5 business days
- Weekends and holidays extend processing time
- Large amounts may trigger additional security checks
- Check your Payoneer activity for status updates
Minimum withdrawal amount not met
- Check Payoneer's minimum withdrawal for your region
- Typically ranges from $50-$100 USD
- Cannot withdraw if balance is below minimum
Important Considerations
- Account Name Match: Your name on Payoneer and nsave must match exactly
- First Withdrawal: Your first transfer may take longer due to verification
- Currency: Ensure you're withdrawing in USD to avoid conversion fees
- Limits: Check both Payoneer and nsave account limits before transferring
- Tax Reporting: Keep records of all transfers for tax purposes
