How Payoneer to bKash works
You can send your Payoneer balance straight to your bKash account from the bKash app: Remittance → Payoneer. The money arrives instantly. This is what it costs, according to bKash:
- Payoneer's fee: 3% conversion fee + $1 per transfer. bKash doesn't charge anything to receive it.
- Limits: at least ৳1,000 and at most ৳2,50,000 per transfer. There's no daily or monthly limit.
- No 2.5% government incentive. bKash says the remittance incentive doesn't apply to Payoneer transfers.
- Reward points: bKash gives reward points for each successful Payoneer transfer.
Payoneer shows the exact rate and amount before you confirm. For the most precise result, choose "Rate Payoneer showed me" above and enter that rate.
bKash cash-out charges for Payoneer money
| Option | Charge per ৳1,000 | Rate |
|---|---|---|
| Payoneer-linked ATM (BRAC Bank, City Bank, Q-Cash) | ৳7.00 | 0.70% |
| bKash to bank account | ৳8.50 | 0.85% |
| Priyo agent | ৳14.90 | 1.49% |
| Regular agent | ৳18.50 | 1.85% |
The ৳7 ATM rate applies only to money received from Payoneer, and it's the cheapest way to get cash. Keeping the money in bKash for payments and bills costs nothing.
How to link Payoneer to bKash
- Open the bKash app and tap Remittance → Payoneer → Link Payoneer account.
- Sign in to Payoneer on the page that opens, then enter the code sent to your phone.
- The name on your Payoneer account must match the name on your bKash account. You can link one Payoneer account per bKash account.
- No Payoneer account yet? You can register from the same screen, and you don't need to add a bank account.
Frequently asked questions
What is the Payoneer to bKash transfer fee?
A 3% conversion fee plus $1 for every transfer, charged by Payoneer. bKash doesn't add a charge for receiving the money.
Is it better to withdraw once or several times?
Once. The $1 fee applies to every transfer, so ten $100 transfers cost $10 in fees while one $1,000 transfer costs $1. The 3% applies either way.
Why is Payoneer's rate lower than the rate on Google?
Google shows the mid-market rate. Payoneer's conversion fee is built into the rate it gives you, which is why this calculator starts from the market rate and takes off 3%.
Do I need to declare Payoneer money received in bKash?
If your bKash account receives more than ৳3,00,000 in total in a fiscal year (July–June), you have to declare where the money came from in your income tax return. Qualifying IT freelance income is currently tax-exempt, but it still has to be declared.
What is the Payoneer to bKash limit?
Each transfer must be between BDT 1,000 and BDT 2,50,000. bKash lists no daily or monthly limit on the number or total of transfers.
Do I get the 2.5% government incentive on Payoneer to bKash?
No. bKash states that the 2.5% government remittance incentive does not apply to Payoneer transfers.
What does it cost to cash out Payoneer money from bKash?
Money received from Payoneer can be cashed out for Tk 7 per thousand (0.70%) at BRAC Bank, City Bank and Q-Cash ATMs. A regular agent cash out costs about Tk 18.50 per thousand (1.85%).