Can Payoneer be used as a bank account?

Payoneer is not a bank, but it does provide a robust platform for online money transfers and transactions. It offers a service similar to a bank account, where you can receive payments from companies and clients worldwide. You can also withdraw funds to your local bank account or at ATMs worldwide using the Payoneer MasterCard. However, it’s important to note that while Payoneer provides many banking-like services, it doesn’t offer all the services of a traditional bank, such as loans or mortgages.