This article is for independent contractors who want to withdraw money from their Deel Balance.
Deel partners both with banks and best-in-class payment providers so that the contractors can easily access their funds from anywhere in the world.
The contractor's account must be verified. Please see How to verify contractor account for details.
In this article:
How to Add a Withdrawal Method
How to Set up Automatic Withdrawal
How to Withdraw Funds from Deel Balance
When Will the Withdrawal Arrive?
How Much Is Charged for withdrawals?
Frequently Asked Questions (FAQs)
Supported Withdrawal Methods
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How to Add a Withdrawal Method
Step 1 – Add a new saved withdrawal method
Go to Finance > Withdrawal methods.
If you're eligible for a Deel Card but haven't set it up yet, click Get on the Deel Card method.
To add other withdrawal methods, use Add Method.
Step 2 – Choose a withdrawal method
Please note that not all withdrawal methods are available in all jurisdictions. Follow the on-screen prompts to add the withdrawal account details. In some cases, the contractor may be redirected to the payroll provider in order to complete the setup.
The billing address must match the address of the contractor's withdrawal methods account. Different addresses may result in the withdrawal being delayed or returned to Deel.
How to Set Up Automatic Withdrawal
With Automatic Withdrawal enabled, the Deel balance will automatically be paid out using a contractor's Preferred Withdrawal method. Contractors can set up Automatic Withdrawals and change their Preferred Withdrawal methods from the Withdrawal Methods tab inside the Account settings menu.
Auto-withdrawals can be set up with less than 100% of a contractor's earnings. This means some part of the earnings can be left in their Deel balance while the rest is set to auto-withdraw.
Step 1 – Navigate to the Withdrawal Methods Page
Step 2 – Click Set Up to begin
Step 3 – Select the Distribution Method
Indicate the percentage of earnings to be withdrawn to which accounts. The remainder will be kept in the Deel balance.
Step 4 – Complete Setup
How to withdraw funds from Deel balance
The Deel balance will be updated each time your client pays the contractor. If there is no automatic withdrawal enabled, the contractor will need to withdraw their funds manually.
Step 1 – Click Withdraw
On the homepage, select Deel from the navigation bar. Then, select Withdraw.
Step 2 – Enter the amount to be withdrawn
The default amount is the entire available balance. The contractor can enter a different amount. They can even split their balance between different withdrawal methods!
Step 3 – Choose the withdrawal method and click Withdraw
Withdrawal fees may apply depending on the method selected. Some withdrawal methods have a minimum withdrawal amount.
The contractor's billing address must match the address of their withdrawal methods account. Different addresses may result in the withdrawal being delayed or returned to Deel.
When Will the Withdrawal Arrive?
When you withdraw money on Deel, we use a Dynamic ETA to provide you with the best possible estimate for when the money will reach your account.
You'll see your ETA and additional in-app updates from the Withdrawal Tracker, so you'll always be able to stay on top of your money until you receive it.
Please note that most payment providers, especially banks, do not process payments on weekends and public holidays.
How Much Is Charged for Withdrawals?
The withdrawal fee depends on the method selection. Separate transaction and exchange fees may also apply.
- Local Bank Transfers: $0 USD
- Cross-Border Withdrawals: $5 USD (These are local bank transfers made to a different country than the profile country.)
- International Transfers / SWIFT: A variable fee starting at $5 USD, capped at a maximum of $10 USD. (These withdrawals involve transferring funds in a currency that is not the local currency of the withdrawal country.)
- Deel Instant Card Transfer: 2% fee (max $15)
- 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
- Wise (formerly TransferWise): $0 USD
- Deel Card: $0 USD
- AstroPay: 0.75%
- Digital Currency: 2% service charge in addition to a $1 network fee
Important Notes:
Withdrawals via local bank transfer may be subject to a separate provider fee in some currencies
SWIFT withdrawals are supported in many countries and currencies. However, this withdrawal method may use multiple intermediary banks to process payments, which can result in unpredictable processing fees.
Unfortunately, neither Deel nor your own bank can predict these fees.
These fees may be deducted from the final received amount and Deel cannot control or predict them.
For users in Ecuador: there is a US $25 fee for withdrawals. While Ecuador uses the USD there is no local clearing system for US dollars. As such, the withdrawal is processed as an international withdrawal.
Supported Currencies
| Currency Name | Code | Currency Name | Code |
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Albania Lek |
ALL |
Algeria Dinar |
DZD |
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Angola Kwanza |
AOA |
Argentina Peso |
ARS |
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Armenia Dram |
AMD |
Australian Dollar |
AUD |
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Azerbaijan New Manat |
AZN |
Bahamas Dollar |
BSD |
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Bahrain Dinar |
BHD |
Bangladesh Taka |
BDT |
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Barbados Dollar |
BBD |
Bermuda Dollar |
BMD |
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Bitcoin |
BTC |
Bolivia Boliviano |
BOB |
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Bosnia Mark |
BAM |
Botswana Pula |
BWP |
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Brazil Real |
BRL |
Brunei Dollar |
BND |
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Bulgaria Lev |
BGN |
Burundi Franc |
BIF |
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Canadian Dollar |
CAD |
Cape Verde Escudo |
CVE |
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Cayman Islands Dollar |
KYD |
Chili Peso |
CLP |
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China Yuan/Renminbi |
CNY |
Colombia Peso |
COP |
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Costa Rica Colon |
CRC |
Croatia Kuna |
HRK |
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Czech Koruna |
CZK |
Denmark Krone |
DKK |
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Djibouti Franc |
DJF |
Dominican Republic Peso |
DOP |
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Ethereum |
ETH |
Egypt Pound |
EGP |
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Ethiopia Birr |
ETB |
Euro |
EUR |
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Gambia Dalasi |
GMD |
Georgia Lari |
GEL |
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Ghana New Cedi |
GHS |
Great Britain Pound |
GBP |
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Guatemala Quetzal |
GTQ |
Guinea Franc |
GNF |
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Guyana Dollar |
GYD |
Haiti Gourde |
HTG |
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Hong Kong Dollar |
HKD |
Hungary Forint |
HUF |
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India Rupee |
INR |
Indonesia Rupiah |
IDR |
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Israel New Shekel |
ILS |
Jamaica Dollar |
JMD |
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Japan Yen |
JPY |
Jordan Dinar |
JOD |
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Kazakhstan Tenge |
KZT |
Kenya Shilling |
KES |
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Kuwait Dinar |
KWD |
Kyrgyzstan Som |
KGS |
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Laos Kip |
LAK |
Lesotho Loti |
LSL |
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Macau Pataca |
MOP |
Malagasy Ariary |
MGA |
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Malawi Kwacha |
MWK |
Malaysia Ringgit |
MYR |
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Maldives Rufiyaa |
MVR |
Mauritius Rupee |
MUR |
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Mexico Peso |
MXN |
Mongolia Tugrik |
MNT |
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Morocco Dirham |
MAD |
Mozambique New Metical |
MZN |
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Namibia Dollar |
NAD |
Nepal Rupee |
NPR |
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New Zealand Dollar |
NZD |
Nicaragua Cordoba Oro |
NIO |
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Nigeria Naira |
NGN |
NL Antilles Guilder |
ANG |
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Norway Kroner |
NOK |
Oman Rial |
OMR |
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Pakistan Rupee |
PKR |
Papua New Guinea Kina |
PGK |
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Paraguay Guarani |
PYG |
Peru Nuevo Sol |
PEN |
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Philippines Peso |
PHP |
Poland Zloty |
PLN |
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Qatar Rial |
QAR |
Romania New Lei |
RON |
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Rwanda Franc |
RWF |
Saudi Arabia Riyal |
SAR |
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Serbia Dinar |
RSD |
Seychelles Rupee |
SCR |
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Sierra Leone Leone |
SLL |
Singapore Dollar |
SGD |
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Solomon Islands Dollar |
SBD |
South Africa Rand |
ZAR |
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South Korea Won |
KRW |
Sri Lanka Rupee |
LKR |
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Suriname Dollar |
SRD |
Swaziland Lilangeni |
SZL |
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Sweden Krona |
SEK |
Switzerland Franc |
CHF |
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Taiwan Dollar |
TWD |
Tanzania Shilling |
TZS |
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Thailand Baht |
THB |
Trinidad/Tobago Dollar |
TTD |
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Turkish New Lira |
TRY |
Uganda Shilling |
UGX |
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Ukraine Hryvnia |
UAH |
United Arab Emirates Dirham |
AED |
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United States Dollar |
USD |
Uruguay Peso |
UYU |
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USD Coin |
USDC |
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Vietnam Dong |
VND |
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Frequently Asked Questions (FAQs)
[ACCORDION] Is there a minimum amount for withdrawals?
Yes. Please see: About Withdrawal Fees And Withdrawal Minimums
[ACCORDION] How do currency exchange fees and rates work?
If you are withdrawing in a currency that is not your contract currency, exchange fees and rates will apply. These fees and rates will vary depending on available processors and foreign exchange market rates that could shift during the payment processing.
To avoid these fees, withdraw funds from your Deel balance in the same currency as your contract currency.
If the destination account currency does not match your withdrawal currency your bank will automatically convert your currency and charge you a fee.
Please note that the withdrawal of any currency into a cryptocurrency via Coinbase will always have an exchange fee (contract currency to BTC/ETH).
[ACCORDION] How do cross-border transaction fees work?
Same-currency cross-border transactions will now incur a nominal fee of $5. Cross-border transactions involve transferring funds from one country to another, even if it's the same currency.
For example, if a contractor from Argentina withdraws USD to a bank in the US, it is considered a cross-border transaction. The adjustment is a proactive response to new charges imposed by our providers for these services.
[ACCORDION] How do I know what exchange rates were applied?
Before you confirm your withdrawal, Deel will calculate and display an estimate of any applicable fees and exchange rates. You will see a pop-up on the right side of the screen before confirming.
These fees and rates depend on a number of factors including your payment method, contract currency, withdrawal currency, the location of your bank account. the market exchange rates, and the availability of payment processors.
Exchange rates may change from the time your withdrawal is requested and the time it is deposited in your account.
[ACCORDION] Which currencies are available for withdrawal?
Deel supports withdrawals in all currencies supported by our main banking partner JP Morgan, and our payment service partners - that's just about every currency around the world.
Please note that not all methods are supported for every currency.
[ACCORDION] Why am I having difficulty adding a bank account with the Revolut digital wallet?
Revolut is a multicurrency wallet app, but adding a new currency does not necessarily change a users IBAN.
Revolut provides local bank accounts in some countries but not in others. This distinction is crucial when determining whether an account can be added for payments.
Users can open the Revolut app, select the desired currency, and click more details. If a local account is available, users should be able to add it.
Example:
Users can add different currency "Pockets" (e.g., Swiss Francs) while still remaining a resident of their home country.
A Polish resident with Revolut can have both PLN and CHF accounts.
- For PLN currency: The Polish resident will have a local bank account for domestic transfers (within Poland) and a Lithuanian IBAN for cross-border transfers.
- For CHF currency: The Polish resident's account is based in Lithuania and thus only supports cross-border transfers.