Payoneer to Ific Bank Transfer in Bangladesh 2026 Guide

Last Updated: January 15, 2026

Introduction

When I first started my freelancing journey from Dhaka, I faced a significant hurdle: how to manage my payments effectively. I remember receiving my first $500 from a client on Upwork. Excited as I was, I quickly realized that my options for transferring that money to my local bank account were limited. PayPal, the go-to payment solution for many freelancers globally, wasn't available in Bangladesh. After some research and trial and error, I discovered Payoneer, which became my primary payment method. Today, I’m going to share my experience using Payoneer for transfers to Ific Bank and why it’s crucial for freelancers in Bangladesh to consider this option.

Why Choose Payoneer for Transfers to Ific Bank?

Payoneer has become a lifeline for many freelancers in Bangladesh, allowing us to receive payments from international clients without the hassles that come with traditional banking methods. Here are a few reasons why I chose Payoneer:

• Easy Integration: Platforms like Upwork and Fiverr seamlessly integrate with Payoneer, making it easy to receive payments.
• Low Fees: Payoneer offers competitive rates for international transactions compared to other services.
• Bonus Incentives: New users can earn a $25 bonus just for signing up and receiving their first payment!

When transferring funds from Payoneer to Ific Bank specifically, I found the process quite straightforward. Ific Bank is known for its reliability and has a good network for withdrawals, which is crucial for freelancers like us.

Linking Ific Bank to Payoneer

To start receiving your hard-earned money in Ific Bank, you must first link your Payoneer account. Here’s how I did it:

1. Log into your Payoneer account and navigate to the “Bank Accounts” section.
2. Select “Add Bank Account” and choose Bangladesh as your country.
3. Enter your Ific Bank account details, including your account number and branch information.
4. Payoneer will verify your account, which may take a few days.
5. Once verified, you can start transferring funds to your Ific Bank account with ease!

It took me about a week for the verification process, but once I was set up, the transfers were almost instantaneous, which made me a lot more confident in managing my finances.

Transferring Funds from Payoneer to Ific Bank

Once linked, transferring funds from Payoneer to your Ific Bank account is a breeze. Here’s a simple breakdown of the process:

1. Log into your Payoneer account.
2. Go to the “Withdraw” section and select “To Bank Account.”
3. Choose your Ific Bank account from the list.
4. Enter the amount you want to withdraw.
5. Confirm the transaction.

I usually withdraw amounts between $100 to $1,000, depending on my projects that month. The fees for transferring funds typically range from $1 to $3, depending on the amount.

For example, if I withdraw $500 (around BDT 55,000), I might incur a fee of $3, which is roughly BDT 330. Considering that local freelancers often earn around BDT 20,000-30,000 a month, the costs are quite manageable compared to traditional banking fees.

Using Wise for Transfers to Ific Bank

Another popular service among freelancers is Wise (formerly TransferWise). While Payoneer is my go-to for receiving payments, Wise offers a competitive alternative for transferring money internationally.

How Wise Works

With Wise, you can send money directly to your Ific Bank account. Here’s how to do it:

1. Create a Wise account and verify your identity.
2. Enter the amount you want to send and select Bangladeshi Taka as the currency.
3. Enter your Ific Bank account details.
4. Confirm the transaction.

One of the benefits of using Wise is the transparent fee structure. For instance, sending $500 might incur a fee of around $7, which is still lower than traditional bank transfers. The money often arrives within a day, making it a fast option for freelancers needing quick access to their funds.

However, it’s important to note that Wise does not integrate with freelance platforms as seamlessly as Payoneer, which is something to consider when choosing your payment method.

My Experience with Payoneer and Ific Bank

In my five years as a Freelancer, I’ve had my share of ups and downs, especially concerning payments. I remember one particular month when an international client delayed payment. I was sweating bullets because I had bills to pay and my usual process was disrupted. That’s when I realized the importance of having multiple payment methods.

After discussing it with fellow freelancers in Dhaka, I decided to set up both Payoneer and Wise. While Payoneer became my primary source for receiving payments, I used Wise for sending money to family overseas.

In terms of my earnings, I’ve successfully transferred over $100,000 through Payoneer alone. That’s a significant amount for someone based in Bangladesh, where the average salary is around BDT 25,000 per month.

This journey taught me that flexibility and adaptability are crucial in freelancing. Having multiple payment options not only lessens the stress but also gives me more control over my finances.

Practical Tips for Freelancers

As you embark on your freelancing journey or look to optimize your payment methods, consider these practical tips:

• Register with BASIS: Being registered with BASIS (Bangladesh Association of Software and Information Services) not only provides credibility but also offers valuable resources and support for freelancers.
• Understand Tax Obligations: Make sure to familiarize yourself with the NBR (National Board of Revenue) regulations concerning income tax on your earnings.
• Keep Track of Fees: Be aware of the fees associated with each payment method. Sometimes, lower fees can mean slower transfers, so weigh your options carefully.
• Use Local Banks Wisely: Choose banks like Ific, DBBL, or MCB that support easy withdrawals from Payoneer and Wise, ensuring you can access your funds without hassle.

Next Steps

If you haven’t yet set up your Payoneer account, I highly recommend doing so. Take advantage of the $25 bonus when you receive your first payment. Make sure to link your Ific Bank account correctly, and start managing your finances more effectively.

Additionally, consider exploring Wise for other international transactions. It’s always good to have multiple options, especially when managing income from various clients.

Conclusion

Payoneer has been instrumental in my freelancing career, allowing me to receive payments effortlessly and securely. For anyone in Bangladesh looking to manage their freelance income, linking Payoneer to a reliable bank like Ific Bank is a smart move.

Remember, the key to successful freelancing lies not just in finding clients but also in managing your finances effectively. With the right tools and knowledge, you can achieve financial freedom and make your freelancing dreams a reality.