How Much Is Required for Withdrawals?

The Deel withdrawal fee varies based on the selected method. However, Deel cannot control any additional transaction or exchange fees charged by a user’s bank or financial institution.

Important Notes:

• Local Bank Transfers: Withdrawals via local bank transfer may incur separate provider fees in certain currencies. Deel has no control over fees that may be charged by the contractor's bank.
  
  

• SWIFT Withdrawals: This method is available in many countries and currencies but often involves multiple intermediary banks, which can result in unpredictable processing fees. Neither Deel nor the contractor's bank can predict these fees, which may be deducted from the final amount received.
  
  

• For Users in Ecuador: A $25 fee applies to withdrawals. Although Ecuador uses USD, it lacks a local clearing system for U.S. dollars, so withdrawals are processed as international transactions.

This Is the Amount That Deel Charges for Contractor Withdrawals:

• Local Bank Transfers: $0 USD
  • Deel does not charge a fee, but local bank transfer withdrawals may be subject to separate provider fees in some currencies. 

• Cross-Border Withdrawals: $5 USD 

• International Transfers / SWIFT: a variable fee of $5 USD, capped at a maximum of $10 USD

• Deel Instant Card Transfer: 0.75% fee (maximum $25) for banks in the United States; 2% fee (max $15) for all other countries

• Digital Currency Transfer: 2% service charge plus a flat $1 USD network fee

• Coinbase - Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dash (DASH): 1.5% 

• Coinbase - USD Coin (USDC): $5 USD flat fee for withdrawals under $300 USD, and 1.6% for amounts above $300 USD

• PayPal: 2.5% (minimum $0.25 USD)

• Payoneer: 1% (minimum $12 USD)

• Revolut: $0 USD

• AstroPay: 0.75%

• Wise (formerly TransferWise): $0 USD
  
  
• Deel Card: $0 USD (While there is no minimum amount required, Contractors should ensure they fund enough to cover the cost and shipment of any pending physical Deel Card. Funding less than the pending Deel Card fee will result in an error.)

Is There a Minimum Amount for Withdrawals?

Yes. The minimum amount required to initiate a withdrawal depends on the method selected:

• Local bank transfer: $10 USD

• SWIFT bank transfers: $100 USD

• Payoneer:  $50 USD

• Coinbase - ETH, BTC, USDC, DASH: $10 USD

• Coinbase - Solana: $20 USD
  
  
• Deel Instant Card Transfer: $5 USD
  
  
• Digital Currency Transfer: $5 USD

• All other withdrawal methods: $5 USD minimum

Please be aware that Deel does not control the maximum withdrawal limits. These limits are determined by the payment providers. Contractors are encouraged to select a withdrawal method that best aligns with their individual needs and the limits set by those providers.

Check the About High Value Withdrawals article for more information on withdrawal reviews above a certain threshold.

What Is a Cross-Border Transaction Fee?

Cross-border transactions are transfers of funds from an entity in one country to another country, even if it’s the same currency.

For example: if a contractor from Argentina withdraws USD to a bank in the US, it is still considered a cross-border transaction. 

Deel applies a nominal fee of $5 for same-currency, cross-border transactions. This fee covers additional compliance overheads associated with these kinds of transactions.

The cross-border withdrawal fee is included in the provider's fee and automatically deducted from the balance.