₦airaland Forum

U1:
If one would still convert to dollar on Grey before withdrawing to local bank, wouldn't it be better to simply withdraw dollar from Payoneer to local bank account? Just thinking.

Users have challenges linking the new USD account issued by Grey to Payoneer accounts. Moreso, the USD account doesn't accept ACH transfer, only Wire/SWIFT transfer. It's better to link the GBP account.

Withdrawing from Payoneer directly to local bank account will result in loss of hard earned funds. The current exchange rate favors dollar currency. Therefore converting funds to dollar at Grey to withdraw at black market rate to your local bank account is additional advantage as attested by other members in the preceding comments.

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tarantino1:
Does Grey's USD account work well with Payoneer? I initiated a withdrawal from Payoneer for over an hour now and it's still pending.

Better to link Grey GBP account on Payoneer account for withdrawal. Then at Grey, convert from pound to dollar and withdraw to local bank account.

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https://www.youtube.com/watch?v=urI7FcmC7Ic

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