The Deel Advance feature offers short-term cash advances to eligible contractors, giving total flexibility over cash flow timing.
How does it work?
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 than 20 days away, Deel charges a fee of 2% of the Advance amount.
If the next scheduled payment is between 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 exchange rates will apply.
To learn more about Deel Advance eligibility, click here.
Deel Advance is not a type of loan and we don't run any credit checks
Deel Advances are a type of cash advance, not loans. It's 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.
There are no interest rates, only a one-time fixed fee which you will see before you make a request.
Clients are not informed about Deel Advance requests
A Deel Advance is a contract between you (the contractor) and Deel.
Your client will not be contacted on any matters related to your Deel Advance nor have visibility on such requests.