Overview

Transferring money from Payoneer to BDO is a straightforward process for Filipino freelancers. Payoneer charges a fixed fee of $3 for each withdrawal with a processing time of 2-5 business days. BDO supports direct deposits from Payoneer, making it a convenient option for receiving international payments. Quick Facts Aspect Details Fees $3 per transaction Processing Time 2-5 business days Minimum Withdrawal $50 Supported Banks BDO, BPI, UnionBank, GCash, Maya Step-by-Step Process In my 6 years of freelancing, I've found that transferring funds from Payoneer to a local bank account like BDO is simple and efficient. Here's how you can do it: Log in to your Payoneer account. Navigate to the "Withdraw" section on the dashboard. Select "To Bank Account" to initiate the transfer. Choose BDO from your list of linked bank accounts. If not yet linked, add your BDO account by providing the necessary bank details. Enter the amount you wish to withdraw. Note that the minimum amount is $50. Review the transaction details, including fees and exchange rates, then confirm the withdrawal. Wait for the funds to be transferred, which usually takes 2-5 business days. It's crucial to ensure your bank details are correct to avoid any delays or issues in receiving your funds. Fees Breakdown (Philippines 2026) Understanding the fee structure is vital to maximizing your earnings. Here’s a detailed breakdown for 2026: Payoneer charges a fixed withdrawal fee of $3 per transaction when transferring to a BDO account. Currency conversion fees may apply, ranging around 2% above the mid-market rate, depending on current exchange rates. BDO may impose additional fees for incoming international transfers, typically around P200. For perspective, the combined cost of transferring funds is approximately P350, which is less than a meal for two at a popular fast-food chain in Manila. Best Banks to Use When choosing a bank for your Payoneer withdrawals, consider the following options: BDO BDO is one of th

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Detailed Guide

Key Points for Filipino Freelancers

Pro Tips

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Pro Tip: Most successful Filipino freelancers use Payoneer to receive payments and transfer to Maya or GCash for instant access to their earnings in Philippine Peso.