Last Updated: January 15, 2026
While Payoneer is a solid option, consider switching to Wise for a more affordable solution. With Wise, you can save up to ৳1,200 per $1,000 transferred, which can significantly benefit your earnings as a freelancer.
TL;DR (Quick Summary)
This guide covers everything you need to know about how to withdraw from Payoneer to city bank bangladesh (2026). Includes practical steps and tips for Bangladeshi freelancers.
How to Withdraw From Payoneer to City Bank Bangladesh (2026)
Payment Methods: Bangladesh
Recommended:Wise (recommended)
Also available: bKash, Nagad, Bank Transfer
When I first ventured into freelancing back in 2016, I faced a steep learning curve. One of the most daunting challenges was figuring out how to get my hard-earned dollars from platforms like Fiverr and Upwork into my hands in Bangladesh. The struggle was real—especially since PayPal doesn’t operate here. After some trial and error, I discovered Payoneer, which has since become my go-to solution for international transactions. Today, I want to share with you how to withdraw your funds from Payoneer to City Bank Bangladesh, along with some insights from my journey.
Understanding Payoneer and City Bank
Before diving into the withdrawal process, let me explain why Payoneer is crucial for us Bangladeshi freelancers. With Payoneer, I can easily receive payments from clients worldwide. Plus, it integrates seamlessly with major freelancing platforms, which makes life easier. And yes, it’s the only reliable option since PayPal is not available in Bangladesh.
City Bank is one of the prominent banks in Bangladesh that supports Payoneer withdrawals. It offers a range of services tailored for freelancers, making it a popular choice for many of us.
Step-by-Step Guide to Withdraw from Payoneer to City Bank
Here’s how you can smoothly transfer your funds:
**Log in to your Payoneer Account:**Start by signing in to your Payoneer account. You’ll find an overview of your available balance.**Link Your City Bank Account:**If you haven’t already, add your City Bank account to your Payoneer profile. To do this, go to ‘Bank Accounts’ under the ‘Settings’ menu and click ‘Add Bank Account’. Fill in the necessary details, including your account number and branch.**Initiate a Withdrawal:**Click on ‘Withdraw’ and select ‘To Bank Account’. Choose your City Bank account from the list, enter the amount you wish to withdraw, and confirm the transaction.**Wait for Processing:**Withdrawals can take up to 3-5 business days to process. During this time, you can check the status of your transaction in your Payoneer account.**Receive Funds in Your City Bank Account:**Once approved, the funds will be credited to your City Bank account. If you withdraw $100, you can expect around BDT 9,000 (depending on the current exchange rate) in your local currency.
How to Withdraw from Wise to City Bank
If you also use Wise (formerly TransferWise) to receive payments, you can withdraw funds to your City Bank account as well. Here’s a quick guide:
Log in to YourAccess yourWiseAccount:Wiseaccount to view your balance.**Select ‘Send Money’:**Click on ‘Send Money’ and choose your City Bank account as the destination.**Enter the Amount:**Specify how much you want to transfer. Wise usually offers competitive exchange rates, so check that to maximize your funds.**Confirm the Transfer:**Follow the prompts to confirm your transfer. Wise will typically take 1-2 business days to process the transaction.
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My Experience with Payoneer and City Bank
When I first started using Payoneer, I remember feeling a bit overwhelmed. The interface was new to me, and I was worried about potential issues with receiving payments. One day, I completed a project for a client in the USA and earned $500. I couldn’t wait to withdraw that money to fund a small vacation with my family.
If you’re looking for a more cost-effective way to manage your international payments, I suggest exploring Wise for lower fees — Save up to ৳1,200 per $1,000. It allows you to transfer your earnings to local platforms like bKash or Nagad without the high costs associated with Payoneer withdrawals.
While Payoneer is a popular choice for receiving payments, I recommend considering Wise for receiving USD in Bangladesh — Save ৳1,200 per $1,000. With lower fees compared to Payoneer, you can withdraw your funds directly to bKash or Nagad, making it a convenient alternative for Bangladeshi freelancers like us.
Another tool that has greatly enhanced my online security is a VPN like NordVPN. Working remotely means I often connect to public Wi-Fi, and having NordVPN ensures that my data remains protected. It’s a small investment for peace of mind, especially when handling sensitive financial transactions.
As I navigated the freelancing world, I realized that managing my earnings efficiently was crucial. That’s when I discovered Wise for international transfers. It allowed me to convert my dollars to BDT at a much better rate than traditional banks, saving me a significant amount over time. For freelancers like us, every bit counts!
After linking my City Bank account, I initiated the withdrawal and waited patiently. To my surprise, the funds arrived within three business days! At that moment, I felt a sense of accomplishment. This seamless process allowed me to withdraw funds without hassle, giving me more confidence in my freelancing journey.
I’ve since recommended Payoneer to over 500 freelancers I’ve mentored, and many have had similar positive experiences. The reliability of withdrawing to banks like City Bank is a game-changer, considering the local banking landscape.
Practical Tips for Smooth Withdrawals
Here are some tips I’ve gathered over the years to make your withdrawal process smoother:
**Keep Your Bank Details Updated:**Ensure that your City Bank account details in Payoneer are accurate to avoid any delays.**Check Exchange Rates:**Monitor the exchange rates before withdrawing. Sometimes, waiting a day or two can result in better rates.**Be Aware of Fees:**While Payoneer is generally affordable, be aware of any withdrawal fees that might apply. For instance, withdrawing $100 might incur a $2 fee, which is still reasonable compared to other options.**Use Payoneer for Multiple Platforms:**If you’re working on multiple freelancing platforms, link them all to your Payoneer account for consolidated withdrawals.**Consider BASIS Registration:**If you are serious about freelancing, I highly recommend getting BASIS registered. It provides legitimacy and helps with tax considerations when dealing with the NBR (National Board of Revenue).
Next Steps to Enhance Your Freelancing Journey
**Explore More Payment Options:**Besides Payoneer, consider experimenting with Wise or other platforms that suit your needs.**Network with Other Freelancers:**Join local freelancing groups in cities like Dhaka or Chittagong. I’ve learned a lot from others’ experiences.**Keep Learning:**The freelancing landscape is ever-changing. Stay updated with the latest trends and tools that can help you maximize your earnings.
Conclusion
Withdrawing funds from Payoneer to City Bank Bangladesh doesn’t have to be complicated. By following the steps outlined above and keeping a few tips in mind, you can ensure a smooth transaction every time. Remember, as freelancers in Bangladesh, we have the tools and resources to achieve financial independence. Embrace the journey, and don’t hesitate to share your experiences with others. Together, we can pave the way for a thriving freelancing community in Bangladesh!
| Method | Fee | Time | Best For |
|---|---|---|---|
| Payoneer | 2% | 1-2 days | Most popular choice |
| Wise | 0.5-1% | 1-3 days | Lower fees |
| Bank Wire | $25-50 | 3-5 days | Large amounts |
Disclaimer: This article is for informational purposes only. Bank policies, fees, and terms may change without notice. Please verify current terms directly with the bank before making any financial decisions. The author is not a financial advisor.
Frequently Asked Questions
Bangladeshi freelancers typically earn $500 to $5000+ monthly depending on skills and experience.
You need a computer, internet, a skill, Payoneer account, and profiles on Fiverr or Upwork.