As a contractor, you can now spend funds directly from the Deel balance using the Deel Card. It works the same as a debit card, it's for personal spending and it's also a great option to get your paycheck in a stable currency (USD).
You can request a virtual card for online purchasing only or a physical card for physical and online purchases.
Learn more with our article: How to sign up for a Deel Card.
How much does the Deel Card cost?
Cost varies between Virtual and Physical cards.
- $5 fee for a new virtual card or physical card
- additional $5 shipping fee for physical cards only (globally)
- 1.25% fee on all non-USD transactions
|Note: You must be at least 18 years old to be eligible for a Deel card|
Which financial partner supports the Deel Card?
NIUM PTE. LTD. (formerly known as INSTAREM PTE. LIMITED.), a company incorporated in Singapore, is a major payment institution regulated by the Monetary Authority of Singapore, which operates a VISA program under which NIUM is approved. The Deel Card falls under this program.
The Singapore Payment Services Act requires Major Payment Institution licensees to safeguard customer monies from its insolvency. NIUM PTE. LTD. safeguards client funds with The Development Bank of Singapore Limited (DBS)—Singapore branch.
This means that in the unlikely event that Deel or NIUM was to become insolvent, you will be able to claim your funds from this segregated account.