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.

In this article:

Supported withdrawal methods

How to add a withdrawal method

Setting up automatic withdrawal

Withdrawing funds from your Deel Balance

When will my withdrawal arrive?

How much do I pay for withdrawals?

Frequently Asked Questions

Before Initiating the Withdrawal:

The contractor's account must be verified. Please see How to verify contractor account for detalis.

Supported Withdrawal Methods

Adding a Withdrawal Method

✅ Step 1 – Add a new saved withdrawal method

Select the (1) Finance Icon on the home page to access the Withdrawal Methods tab. Click (2) 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.

Setting 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 on the “Set Up” button 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Indicate the percentage of earnings to be withdrawn to which accounts.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

Withdrawing 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✅ Step 2 – Enter the amount to be withdrawn 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 my 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 do I pay 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 (Cross-border transactions involve transferring funds from one country to another, even if it’s the same currency)

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

• Deel Instant Card Transfer: 2% fee (max $15)

• Coinbase: 1.5% (flat charge of $5 USD for USDC withdrawals under $300, then 1.6% fee)

• 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. But this withdrawal method may use multiple intermediary banks to process payments and may 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.

FAQs