How to Transfer Money from Payoneer to BDO Philippine Account

How to transfer money from Payoneer to BDO account online? This is the updated Payoneer to BDO guide in 2024. It is very quick, and it takes only a few steps to withdraw money from your Payoneer account to BDO cash card account, Kabayan, savings, current or to any bank account.

What is Payoneer?

Payoneer is one of the most trusted digital payment systems worldwide today. Many Filipino businesses and freelancers opted to rely on Payoneer’s financial services in receiving regular income and withdrawing earnings to their local bank accounts.

One of my favorite features of Payoneer is the ability to accept payments and earnings in numerous currencies like USD, EUR, GBP, AUD, JPY, CAD, MXN and CNY as if you had a local bank account.

When you create an account with Payoneer, you will also be given global payment accounts from different bank accounts from countries like USA, Germany, Japan, Canada and the like. If you want to receive payments or income from a new currency, simply request to add another payment service on your account dashboard.

How to Transfer Money from Payoneer to BDO Online?

  1. Login to Payoneer
  2. Select “Withdraw to Bank Account”
  3. Choose your Source of Fund
  4. Enter your Bank Withdrawal Details
  5. Confirm your Money Transfer

Step 1. Login to Payoneer

If you haven’t signed up already, register an account first before you log in. During the registration process, you will be required to provide your local bank account details. After your successful registration, you can log in and begin receiving funds to your Payoneer account. You can then withdraw your funds anytime.

Step 2. Select “Withdraw to Bank Account”

Tap the Withdraw button from the menu and select “withdraw to bank account.” This will lead you to the next step.

withdraw money from payoneer to bdo

Step 3. Choose your Source of Fund

In this example, we are sending money from our USD account to our BDO local bank account in the Philippines. You can always wire transfer your funds from any source fund (any currency) you have on your Payoneer account.

payoneer to bdo guide

Step 4. Enter your Bank Withdrawal Details

Provide the amount you wish to withdraw. (the minimum amount allowed to withdraw is $50 while the maximum amount allowed to transfer is $9,500. The present exchange rate will automatically apply for your transaction. In this example, we are transferring 100 USD.

transfer money payoneer to philippines

Step 5. Confirm Your Money Transfer

Review the details you have entered and confirm your transaction. You will get an email notification about your fund transfer request after a few minutes. The next step is waiting for the money to arrive on your BDO account. It usually arrives the next banking day.

how to withdraw money from payoneer to bdo

How Long Does It Take to Withdraw Money from Payoneer to BDO?

How many days will you receive your money from Payoneer to BDO? Usually, it will be credited to your bank account within the next banking day. I think I got mine same day though coz I made the transfer early in the morning. It was so fast.

You will receive an email from Payoneer about your money transfer request details including the amount, reference number and exchange rate.

money transfer payoneer

The funds will be deposited in your bank account within the next business day but if your withdrawal request was made late in the day or outside business hours, it will typically arrive to your local bank account within 2 business days. Bank transfer time depends on when you made the request.

BDO Bank Code for Payoneer

The default Bank SWIFT Code used for BDO Universal Bank is BNORPHMM. As of 2021, Payoneer doesn’t require bank codes anymore. It only requires the following details when adding a local bank account:

  • Bank Account Type (Personal or Business)
  • Country
  • Bank account currency
  • Account details (account name and account number)

Payoneer to BDO Fees

According to Payoneer, additional bank processing fees, landing fees, or intermediary fees may be deducted from the amount transferred by banks or any other payment provider enabling the transfer. However, I did not see any charge or fee incurred from my money transfer to BDO.

Other Money Transfer Guides:

How to Earn Money in Gcash – Gcash is one of the best and most convenient payment systems in the Philippines that is now open to all networks. There are different ways if you want to earn additional income through Gcash.

How to Create Paypal Account in the Philippines and Withdraw Funds – this guide will help you how to send money from Paypal to any local bank in the Philippines. If your Paypal is linked with EON via Unionbank, it will be easier. Otherwise, use other bank according to your preference.

Fehl is the founder of Philpad and has been writing online for 12 years. She has a bachelor's degree in Accountancy and a background in Finance. She is a licensed Career Service Professional and author of a poetry book at Barnes & Noble. In her spare time, she likes to travel and discover new places.

12 thoughts on “How to Transfer Money from Payoneer to BDO Philippine Account”

  1. Hi when you said the minumum withdrawal fee is USD 50 does that mean you need to have more than USD 50 to withdraw? You can’t have exactly USD 50?

  2. Hi Fehl. What’s your BDO account, is that the Kabayan or the regular savings account? Thanks. I hope there’s no fee for the regular savings account. That’s what I have kasi. Thanks.

  3. Hi! I have a BDO USD account here in the Philippines. My payment will come from a company based in the US, and I’ll be paid in USD as well. I’ll be transferring about $6000. How much would they charge for this transaction?

    • Hi, according to Payoneer, there is a 0-1% fee for each payment received through local bank transfer in USD. Payments received in all other currencies are free of charge. If your accounts are both in USD, I think there may be no charges.

  4. Hi, can I link my bdo dollar account to payoneer.

    I linked my bdo peso but I want to add a bdo dollar account, you think it is possible?


  5. Hi,

    I chose the “BDO Savings Bank” in adding my bank account in Payoneer. It has also a “BDO Universal Bank” option which confuses me. I am not sure which one should be really used? I just want to avoid unwanted issues in making my first bank transfer anytime soon.

    Thank you!

    • Hi 🙂 I use “BDO Universal Bank” (it refers to BDO Unibank). It works and I had no problem using and linking it to my BDO account. Hope that helps 🙂

      • And how many days does it usually arrive in your BDO account from the day of money transfer? Will weekends also work?

        Thank you, again.

  6. does it mean we can transfer money from payoneer to any type of account in bdo?for example, ATM savings account.


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