How to receive Dollars in a Naira account with Payoneer.
You can now receive dollars in your Naira account with any Nigerian bank by following these steps. Note that the exchanger used in this transaction will make use of the standard exchange rate which is lower than other exchange rates.
How to receive USD in a Naira account
- Open a Payoneer account
- complete the registration process
- link your regular savings account
- Add the swift code if asked
- Wait for approval.
When using a regular saving account to receive your fund, Payoneer uses the parallel exchange rate to calculate, which means that what you will be receiving will be very low compared to if you use a virtual USD account.