What data does the local bank receive when transferring money from payoneer?

Question

Freelance

Hello.
payoneer has a feature to withdraw funds to a local bank.
1) What will the bank know about my payoneer account, i.e. where did the money come from?
2) What will be in the payment purpose column?
Thanks

Answer 1

Good afternoon,
The bank will not receive information about your Payoneer account. The translation description should appear as "Withdrawal".
As a result, the bank must receive the name of the recipient, the amount of the transfer, bank account details, description and from whom the transfer came.

Answer 2

Name Extension
number
Just transfer

Answer 3

what you write in the Payment Detail is what the bank will have, and also data on the last correspondent bank, it may be a bank completely unknown to you if a conversion occurs. Payoneer has a complicated scheme for passing transfers with conversion. I advise you not to transfer to the card account, but to a separate bank account. Some banks do not allocate a separate card account, which leads to the fact that tributes fall on the general account of the bank, and if the operator is stupid, he will not understand your Payment Details indicating which card to transfer to, because it is written in English. Banks, in my experience, are almost exclusively stupid idiots.