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Payoneer To Bank Account - Mismatch names in 2022
 

Hey guys,

I know there's other threads on this topic, but I am trying to get someone's updated confirmation for the year of 2022 (not 2016 or so):


For example, let's say I have a business payoneer account that's named under Company 1. I want to withdraw funds to Company 2.

1. Will Payoneer allow me to add bank account name Company 2 for direct withdrawals?

2. Does anyone know if Navy Federal will accept mismatch name deposits from payoneer to Navy federal business checking account that could be an amount around 100k all at once?

3. If I repeatedly send large amounts of money ($100k+) from one payoneer account to another once or twice a month, will payoneer block my ability to transfer funds?


Hoping someone can chime in if you have experience with any of my questions!

Re: Payoneer To Bank Account - Mismatch names in 2022
 

Hi.
Not good withdraw to payoneer 100к+
They will check where they came from and for what services, so they won't enroll your funds fastly

Re: Payoneer To Bank Account - Mismatch names in 2022
 

In my personal experience using personal account recently, transfers (deposits/withdrawals) exceeding $4,999 get auto reported to the feds irs and all so that you know they’re watching you and will most definitely tax you an appropriate amount when the time comes and they will make sure to cross check all applications and forms you file where you are (for example) declaring bankruptcy because you only make $12k annually and col in your state is $24k. That or stuff like when you ask for a loan… I’m sure the dollar amounts are higher for business purposes but still I would advise caution. Transferring large amounts is a red flag all types of illegal activities including money laundering. Just my 2 cents

Re: Payoneer To Bank Account - Mismatch names in 2022
 

There are plenty of legal ways to get the equity out.. you mentioned you will repeatedly make these large transfers..can you clarify a tad?


Yes, definitely not normal activity, so exercise caution.

What is the source(s) of funds (without being specific)
Ebay, Amazon?

Re: Payoneer To Bank Account - Mismatch names in 2022
 

Haven't used payoneer in years and I'd also like to know if you can still withdraw to the online bank accounts(green dot etc.) with mismatched names. This would be for amounts under $1000 USD.

Re: Payoneer To Bank Account - Mismatch names in 2022
 

I think you can't withdraw to greendot etc, remeber in the 2010 it work, now not sure.

Re: Payoneer To Bank Account - Mismatch names in 2022
 

It's from Walmart, they force you to use 3rd party payment services (which I find to be absolutely ludicrous)

I have done multiple withdrawals already with NFCU (but not in the amount of 100k), moreso around 20-30k in batches of around 5-7k. Seems fine if you moderate it