Have you been looking for a way to open a US bank account in Nigeria? If you answer yes, then look no further. This post will show you step by step on how to own a US bank account in Nigeria through Payoneer.
Payoneer is an online payment platform that accepts, sends, pays & holds currencies like EUR, USD, JPY, and GBP worldwide with multi-currency accounts & cards. With a Payoneer receiver account, you can transact in the US and withdraw to your local bank.
But how do you open such an account? Relax, that is what we are going to show you in this post. And without much ado, let’s dive in.
Can I open a US bank account in Nigeria?
A lot of people have been asking if they can open a US bank account in Nigeria. The answer is simple simple, but not obvious. Their various ways you can open a US bank account in Nigeria, but one of the simplest ways is through Payoneer.
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Furthermore, suppose you are to open a bank account in the United States through other means. In that case, you will generally need to provide proof of identity and address, as well as other documentation as required by the bank. You may also need to meet specific requirements, such as maintaining a minimum balance or making regular deposits, in order to keep the account active.
Requirements to open a Payoneer account in Nigeria
Although it is very easy and simple to open a Payoneer account in Nigeria, but yet, there are some requirements you need to meet. Without those requirements, you won’t be allowed to transact with a Payoneer account.
Here are some general requirements that you may need to meet in order to open a Payoneer account in Nigeria:
- A valid name that matches your ID
- A valid Email address for verification
- Your residential address. (It will be used for Card delivery whenever you request for one)
- Date of birth
- Your contact details
- A Government Issued ID card. Either, NIN, voter’s card, international passport, or driving license.
all the above requirements are important. They may be used to rectify a problem whenever are facing one with the platform.
How to own a US bank account in Nigeria through Payoneer
Now let’s dive into the main point. Below is the step you need to follow to own a US bank account in Nigeria;
- Visit payoneer.com
- Click register from the homepage
- Fill in the registration form with the correct details
- Complete your account registration by verifying your email address
- login to your dashboard and your US account details will be available for use.
Now you have successfully created a US bank account with Payoneer. However, that’s not all. There are some important things you need to know to transact effectively on Payoneer. Perhaps, you don’t need to worry, as we are going to show you everything in the next paragraphs.
How to receive money with a Payoneer US account in Nigeria
When you open a Payoneer account, you will be given a unique account number which makes It is very easy to receive money with a Payoneer account from individuals or platforms. The account number is associated with a specific US bank. You don’t need to create a separate US account.
All you need is to send your account number to the individual who wants to pay through Payoneer or you link your account to the platform you are going to receive payment from such as Upwork, Fiverr, ezoic, etc. Your payment will be processed automatically.
In addition, you can your Payoneer email address to receive payment from another Payoneer user.
How to withdraw from a Payoneer account in Nigeria
There are ways you can withdraw from Payoneer in Nigeria. The first is through the bank and the second is through a Payoneer card. Wait let me explain.
First step: When you complete your Payoneer account registration, you will be asked to link your local bank account. Perhaps, I suggest you link an account from the following banks.
First Bank Nigeria (FBN), United Bank for Africa (UBA), Guaranty Trust Holding Company (GT Bank), Access Bank, and Zenith Bank. Now click “withdraw” from your dashboard, select the account and want to withdraw from and the amount you want to withdraw. Then follow the prompt.
Note that it may take from 1 to 5 days to receive the payment to your local bank since it is an international transfer.
Second step: in this step, you will have to request for Payoneer card by clicking on the setting in your dashboard. Then click Payoneer card and “order now”
It will take some days for the card to be delivered. Once you receive the card, you can use it to withdraw from any working ATM machine.
However, to order a card from Payoneer, you must have received payments through your Payoneer account for at least $100 or the equivalent amount in another currency within the past six months.
FAQs – How to own a US bank account in Nigeria
Can I use Payoneer as a US bank account?
Yes. When you open a Payoneer account, a US bank account will be automatically opened for you. The bank details will be available on your dashboard.
Can I open a US bank account without a US address?
YES. with Payoneer you can achieve that. you only need the requirements and steps listed above to get the account.
What is the Payoneer minimum withdraw
The minimum withdrawal on Payoneer is $50. You can withdraw directly to your local bank once the threshold is reached.
Final thoughts on how to own a US bank account in Nigeria
Owning a US bank account in Nigeria has many advantages especially if you are a freelancer or internet marketer. It will make foreign transactions easy and seamless.
There sometimes that Nigerian bank policy will affect your foreign tractions. When that happens, the US bank account will be of great advantage.
Finally, we hope this article covers everything you are looking for. If it does, please share it with your friends on social media. and if there is something you think we should add, please notify us in the comment section.