Guiding You Through Transferring Money from Payoneer to Nigerian GTBank

Transferring funds from your Payoneer account to your Nigerian GTBank account can be a straightforward process, but it requires a few key steps. This comprehensive guide will walk you through the procedures, ensuring a smooth and successful transaction.

Steps to Transfer Money from Payoneer to GTBank

1. Log into Your Payoneer Account

To get started, it's important to access your Payoneer account. Begin by navigating to the Payoneer website and logging in with your credentials.

2. Withdraw Funds

Following login, proceed to the withdrawal section where you can start the transfer of funds. Ensure that you have enough funds in your Payoneer account to cover the transaction.

3. Add Your GTBank Account

If your GTBank account is not yet linked to your Payoneer profile, you will need to do so now. Follow these steps to link your GTBank account:

Bank Name: Guaranty Trust Bank (GTBank) Account Number: Enter your actual GTBank account number. Account Type: Usually select the appropriate account type (Savings, Current, etc.). Currency: For Nigerian transactions, select Naira (NGN). Ensure all entered details are correct to avoid any potential delays or errors.

4. Select Amount to Withdraw

Next, choose the amount you wish to transfer from your Payoneer balance. Be precise in your selection to ensure the correct amount is deducted and credited to your GTBank account.

5. Confirm the Transfer

Before finalizing the transfer, review the transaction details. This includes any applicable fees such as currency conversion fees if you are using a different currency. Once you are satisfied with the details, confirm the transfer to initiate the process.

6. Wait for Processing

Payoneer transfers can take 2-5 business days to process, depending on various factors, such as bank processing times. Keep patience and ensure that you check back within the expected timeframe.

7. Check Your GTBank Account

After the processing period, log into your GTBank account to confirm that the funds have been successfully deposited. Any delays should be addressed promptly by contacting Payoneer’s customer support if necessary.

Additional Tips

Currency Conversion Fees

If you are withdrawing funds in a currency different from your Payoneer balance, be aware that currency conversion fees might apply. These fees can vary, so ensure you are informed before proceeding.

Customer Support

If you encounter any issues during the transfer process, do not hesitate to contact Payoneer’s customer support. Their assistance can help resolve any complications and ensure a smoother transaction.

Double-Check Bank Details

To avoid delays or failed transfers, double-check all bank details including the GTBank account number, account type, and currency. Any inaccuracies can result in additional processing delays.

Conclusion

By following these steps and tips, you should be able to successfully transfer money from your Payoneer account to your Nigerian GTBank account. If you have any specific questions or encounter issues during the process, feel free to ask for assistance!

Hi Adaramati,

As of now, we do not offer a local currency option in Nigeria through Payoneer. You can earn funds in USD and/or EUR and then transfer your funds to your local bank if you have a USD and/or EUR account at your local bank.

I hope this information is helpful for you.

Best regards, Susan