The Deel Advance feature offers short term cash advances to eligible contractors, giving total flexibility over cash flow timing!
How it works
The advance is an agreement where Deel gives you funds now, in exchange for an agreed amount of your future earnings, which is collected automatically from your scheduled client payments.
How much does it cost?
Since the Deel Advance is not a loan, there are no interest rates - only a one-time fixed fee.
If the next scheduled payment is less then 20 days away, Deel charges a fee of 2% of the Advance amount
If the next scheduled payment is less then 20-30 days away, Deel charges a fee of 3% of the Advance amount
You will be able to see the fee before you submit your request.
Please note that Deel Advances are always in US dollars - if you choose to withdraw or repay your advance in another currency, standard FX rates will apply.