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 you can easily access your funds from anywhere in the world.
In this article:
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?
Before you begin:
Your account must be verified. Please see How to verify your contractor account for detalis.
Supported Withdrawal Methods
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Adding a Withdrawal Method
✅ Step 1 – Add new saved withdrawal method
Select the (1) Withdrawal Methods tab on your home page and 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 your withdrawal account details. In some cases you may be redirected to the payroll provider in order to complete the setup.
Your billing address must match the address of your withdrawal methods account. Different addresses may result in your withdrawal being delayed or returned to Deel.
Setting up Automatic Withdrawal
With Automatic Withdrawal enabled, your Deel balance will automatically be paid out using your Preferred Withdrawal method. You can set up Automatic Withdrawals and change your Preferred Withdrawal methods from the Withdrawal Methods tab inside the Account Settings menu.
✅ Step 1 – Choose a Preferred Withdrawal method
Click the withdrawal method you want to choose as your preferred method to open the withdrawal options menu. Toggle-on Preferred Method.
✅ Step 2 – Enable Automatic Withdrawal
When your client pays you your Deel balance will automatically be withdrawn using your preferred withdrawal method. Please note if you only have one withdrawal method set up, this is your preferred method by default.
Withdrawing funds from your Deel balance
Your Deel balance will be updated each time your client pays you. If you do not have automatic withdrawal enabled, you will need to withdraw your funds manually.
✅ Step 1 – Click Withdraw
When you log into Deel you will land on the homepage of the dashboard. If you aren't there already, select Home from the navigation menu.
✅ Step 2 – Enter the amount you wish to withdraw
The default amount is your entire available balance. You can enter a different amount. You can even split your balance between different withdrawal methods!
✅ Step 3 – Choose your withdrawal method and click Withdraw
Withdrawal fees may apply depending on the method you've selected. Some withdrawal methods have a minimum withdrawal amount.
Your billing address must match the address of your withdrawal methods account. Different addresses may result in your withdrawal being delayed or returned to Deel.
Please see our Withdrawal FAQ for more information.
When will my withdrawal arrive?
When you withdraw money on Deel, we use a Dynamic ETA to provide you 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 cost of withdrawals depends on the method selection. Transaction and exchange fees may also apply.
- Local Bank Transfers: $0 USD
- International Transfers / SWIFT: $5 USD
- Deel Instant Card Transfer: 2% fee (maximum fee $15 USD)
- 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
Important Notes:
Withdrawals via local bank transfer may be subject to a separate provider fee in some currencies
SWIFT withdrawals are supported in some countries and currencies. 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 $25 USD fee for withdrawals. While Ecuador uses the USD but there is no local clearing system for US dollars. As such, the withdrawal is processed as an international withdrawal.
FAQs
Is there a minimum amount for withdrawals?
Yes. The minimum amount required to initiate a withdrawal depends on the method selected:
- Local bank transfer: $10 USD
- SWIFT bank transfers: $100 USD
- Payoneer: $50 USD
- Coinbase - ETH, BTC, USDC, DASH: $10 USD
- Coinbase - Solana: $20 USD
- All other withdrawal methods have a minimum amount of $5 USD
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).
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.
How long can I leave my money on Deel?
Deel strongly recommends that your money be withdrawn within 30 days. After 30 days has passed Deel may initiate a withdrawal for you using your most recently used withdrawal method.
If you do not wish to withdraw money to a bank account you can use a virtual or physical Deel Card.
With Deel Card you can load your money and store it indefinitely to use for day-to-day spending.
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.
Supported currencies
Currency Name | Code | Currency Name | Code |
Albania Lek |
ALL |
Algeria Dinar |
DZD |
Angola Kwanza |
AOA |
Argentina Peso |
ARS |
Armenia Dram |
AMD |
Australian Dollar |
AUD |
Azerbaijan New Manat |
AZN |
Bahamas Dollar |
BSD |
Bahrain Dinar |
BHD |
Bangladesh Taka |
BDT |
Barbados Dollar |
BBD |
Bermuda Dollar |
BMD |
Bitcoin |
BTC |
Bolivia Boliviano |
BOB |
Bosnia Mark |
BAM |
Botswana Pula |
BWP |
Brazil Real |
BRL |
Brunei Dollar |
BND |
Bulgaria Lev |
BGN |
Burundi Franc |
BIF |
Canadian Dollar |
CAD |
Cape Verde Escudo |
CVE |
Cayman Islands Dollar |
KYD |
Chili Peso |
CLP |
China Yuan/Renminbi |
CNY |
Colombia Peso |
COP |
Costa Rica Colon |
CRC |
Croatia Kuna |
HRK |
Czech Koruna |
CZK |
Denmark Krone |
DKK |
Djibouti Franc |
DJF |
Dominican Republic Peso |
DOP |
Ethereum |
ETH |
Egypt Pound |
EGP |
Ethiopia Birr |
ETB |
Euro |
EUR |
Gambia Dalasi |
GMD |
Georgia Lari |
GEL |
Ghana New Cedi |
GHS |
Great Britain Pound |
GBP |
Guatemala Quetzal |
GTQ |
Guinea Franc |
GNF |
Guyana Dollar |
GYD |
Haiti Gourde |
HTG |
Hong Kong Dollar |
HKD |
Hungary Forint |
HUF |
India Rupee |
INR |
Indonesia Rupiah |
IDR |
Israel New Shekel |
ILS |
Jamaica Dollar |
JMD |
Japan Yen |
JPY |
Jordan Dinar |
JOD |
Kazakhstan Tenge |
KZT |
Kenya Shilling |
KES |
Kuwait Dinar |
KWD |
Kyrgyzstan Som |
KGS |
Laos Kip |
LAK |
Lesotho Loti |
LSL |
Macau Pataca |
MOP |
Malagasy Ariary |
MGA |
Malawi Kwacha |
MWK |
Malaysia Ringgit |
MYR |
Maldives Rufiyaa |
MVR |
Mauritius Rupee |
MUR |
Mexico Peso |
MXN |
Mongolia Tugrik |
MNT |
Morocco Dirham |
MAD |
Mozambique New Metical |
MZN |
Namibia Dollar |
NAD |
Nepal Rupee |
NPR |
New Zealand Dollar |
NZD |
Nicaragua Cordoba Oro |
NIO |
Nigeria Naira |
NGN |
NL Antilles Guilder |
ANG |
Norway Kroner |
NOK |
Oman Rial |
OMR |
Pakistan Rupee |
PKR |
Papua New Guinea Kina |
PGK |
Paraguay Guarani |
PYG |
Peru Nuevo Sol |
PEN |
Philippines Peso |
PHP |
Poland Zloty |
PLN |
Qatar Rial |
QAR |
Romania New Lei |
RON |
Rwanda Franc |
RWF |
Saudi Arabia Riyal |
SAR |
Serbia Dinar |
RSD |
Seychelles Rupee |
SCR |
Sierra Leone Leone |
SLL |
Singapore Dollar |
SGD |
Solomon Islands Dollar |
SBD |
South Africa Rand |
ZAR |
South Korea Won |
KRW |
Sri Lanka Rupee |
LKR |
Suriname Dollar |
SRD |
Swaziland Lilangeni |
SZL |
Sweden Krona |
SEK |
Switzerland Franc |
CHF |
Taiwan Dollar |
TWD |
Tanzania Shilling |
TZS |
Thailand Baht |
THB |
Trinidad/Tobago Dollar |
TTD |
Turkish New Lira |
TRY |
Uganda Shilling |
UGX |
Ukraine Hryvnia |
UAH |
United Arab Emirates Dirham |
AED |
United States Dollar |
USD |
Uruguay Peso |
UYU |
USD Coin |
USDC |
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Vietnam Dong |
VND |
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