Payoneer ask me for a bank account in order to get my bank account in Payoneer

[catslover]

I need a bank account of my Disregarded Single-member LLC in USA, and even when people complain a lot about of payoneer, it looks like the most suitable option now. I almost finish all them online forms and the last step is to put the information of the bank of my company (?).

"Please add a bank account for withdrawals that belongs to your company"

My company is new and have no bank account... that's why I am trying to open the account with them.

Can someone give me some feedback about this?

Edit: The Account Holder Name should be the name of my company and I cannot change that, the account should also be a business account.

 

[MichelRippon989]

You can open a Mercury, Airwallex, Wise, Revolut account and link it with a payoneer‌ account

 

[cuno]

OP did you try the solution with Revolut o be linked to the Payoneer account‌ ?

 

[kilor]

Why did they ask you to do that and how did you solve the problem‌ ?

 

[robocorp]

I also tried Payoneer recently and provided a Wise account, that seemed to work.

 

[MrGoodman]

Does Payoneer give a dedicated account or it is a wallet that you should link‌ to your existing bank account?

 

[ilke]

Dedicated accounts in real banks.‍ Note that you can only receive local transfers (and SWIFT in USD).

Payoneer can functional⁠ as a full dedicated account for card, receiving and sending. Keep in mind that it⁤ requires the company to have at least 1 existing account at any bank or EMI.⁣

 

[JohnLocke]

Does the EMI also has to be a US based EMI or can be one‌ of the many in Europe?

 

[ilke]

It can be any EMI‍ or bank in the world, but the receiving account name has to be the same⁠ as the company you are signing up for (or that institution can accept transfers with⁤ incorrect Beneficiary Names, although it is quite unlikely)

 

[GEM Crypto]

they will accept the account also if the account holder name is⁤ matching the company owner name not only the company name, I tried before and they⁣ accepted.

try to add your account if your are the UBO of︇ the company they approved for me before like that.