This article explains how organization admins can pre-fund their Deel account and withdraw unused funds from Available Funds (the Deel balance). Pre-funding allows admins to add money before payments are due, so Deel can automatically pay workers when invoices are issued, helping ensure payroll and other payments are covered on time without manual intervention.
A pre-funding statement is not a standard invoice: paying it moves money to Available Funds, and when a payroll invoice is issued, Deel automatically deducts the amount from the balance; if the invoice exceeds the balance, you will be prompted to pay the difference.
Before Starting:
To set up pre-funding or withdraw funds, you must:
- Be an organization admin or have permission to view organization billing settings and Available Funds
- Use a supported pre-funding currency: USD, AUD, CAD, GBP, or EUR
- Use bank transfer or Wise as the payment method for pre-funding
- Note that pre-funding is not available for US Payroll or US Independent Contractors
- Note that pre-funding is available for Contractors of Record (COR) and non-US Independent Contractors
- Have available funds in your Available Funds balance to withdraw funds; if the balance is zero, Withdraw funds is disabled
Important: General Funds are not available for covering invoice underpayments.
Supported Methods and Currencies for Pre-funding
Bank Transfers: AUD, CAD, CHF, DKK, EUR, GBP, HKD, HUF, JPY, NOK, NZD, PLN, RON, SEK, SGD, TRY, USD, ZAR
Wise: AUD, BGN, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, JPY, MYR, NOK, NZD, PLN, RON, SEK, SGD, TRY, USD
In This Article:
Withdrawing funds from pre-fund balance
Pre-funding an Account
Clients can easily pre-fund money on Deel before any payments are due, allowing them to draw from these funds for future payments.
This ensures that payments are settled automatically, enabling us to pay workers on time.
Clients can withdraw funds from their General Funds (Deel Balance) back to their bank account at any time.
Step 1 - Open Balances
From the Home dashboard, select the Finance tab and click on Balances.
Step 2 - View Available to Spend - Available Funds
Locate the Available Funds card and select View. If the card is not visible, scroll to find it.
Make sure you select View on the Available Funds card, not on another balance type such as Prepaid billing credits, Deel granted credits, or EOR early invoicing funds.
Step 3 - Add funds to Available Funds
On the Available Funds page, select Top Up. This is the current button label for the action previously called Top up balance.
The Top up balance dialog opens. Complete the following fields:
- Bill to: Select the entity that will receive the pre-funding statement.
- Currency: Select the currency for the funds.
- Amount: Enter the amount to add.
Then select Create statement to generate the pre-funding statement.
Step 4 - Open Balances to withdraw funds
Admins can move unused money from Available Funds back to a company bank account.
From the Home dashboard, select Finance icon and select Balances.
Step 5 - View Available funds to withdraw funds
Locate the Available Funds card and select View. If it is not immediately visible, scroll until you find it.
Do not select the View button for Prepaid billing credits, Deel granted credits, or EOR early invoicing funds.
Step 6 - Withdraw available funds
On the Available Funds page, confirm that the displayed Total includes available funds, then select Withdraw funds.
The Withdraw funds modal opens. Enter the required bank details and confirm the withdrawal request.
Frequently Asked Questions
[ACCORDION] What can Available funds be used for?
The balance can cover payroll for Deel Payroll employees, Deel Employees, PEO, COR, deposits, and more.
[ACCORDION] Will I receive an invoice when I pre-fund?
No. You receive a statement. An invoice is issued only when services are provided and payments are due.
When the payroll invoice is issued, Deel automatically deducts the amount from the balance. If the invoice exceeds the balance, you will be prompted to pay the difference.
[ACCORDION] Can I hold balances in multiple currencies?
Yes, as long as the currency is supported for pre-funding.
[ACCORDION] Can I transfer Deel credits or refund balances into Available funds?
No. Pre-funding can be paid only by bank transfer or Wise. Existing credits cannot be moved into the balance.