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]

MrGoodman said:
Does Payoneer give a dedicated account or it is a wallet that you should link to your existing bank account?
Click to expand...

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?

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[ilke]

JohnLocke said:
Does the EMI also has to be a US based EMI or can be one of the many in Europe?
Click to expand...

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]

ilke said:
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)
Click to expand...

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.

catslover said:
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.
Click to expand...

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

Last edited: May 17, 2024