Direct to Local Bank Fees and Timing

Depending upon your home country or bank, Direct to Local Bank payments may be subject to different timing, fees, or restrictions.

Timing

In general, direct to local bank payments take up to four business days to arrive at your bank.

There is a 12:00 pm (noon) UTC cutoff time for same-day processing. After that, transfers will be processed the following business day. Bank holidays in the U.S. or your country can delay your funds.

Fees

The cost per withdrawal direct to your local bank is $0.99 (plus incoming fees at some banks). Sending funds in your local currency may reduce or eliminate incoming bank fees.

The currency conversion will be performed by Upwork's banking partner at the time the funds are sent to you. While it's not possible to show the real-time conversion rate, you can check the last exchange rate used by Upwork's banking partner on the manual withdrawal form.

If you haven't already, add a Direct to Local Bank account in Settings   Get Paid. Once your Direct to Local Bank payment method is activated (it takes 3 days), you can click Get Paid Now at any time and select your local bank account to see the last used conversion rate for your currency.

Our bank partner works directly with most of each country's major banks to avoid delayed payments and reduce added fees. For information on adding Direct to Local Bank as a payment method, click here.

Restrictions

You must be listed as an account holder or authorized signer on your bank account. If your name on the bank account doesn't match your name on your profile, fix it here.

If your bank asks for a Certificate of Earnings, download one from your Reports tab.

For country-specific maximum per transaction limits and restrictions, check the following list.
Limits below are listed in U.S. Dollars (USD). Check with your bank for any further details.

 

Argentina

Limit: $3,000

Argentinian authorities may apply some income tax retention to incoming remittances as follows:

  • AFIP Income Tax Retentions (Administración Federal de Ingresos Públicos): Taxes are withheld based on your AFIP tax category.
  • ARBA (Agencia de Recaudación de la Provincia de Buenos Aires): Recently, Argentinian authorities have introduced ARBA tax withholdings. The ARBA tax is gross income withholdings of electronic commerce specifically in Buenos Aires, the rates vary between 0.20% and 3.5%. You may see some taxes being withheld.
Bangladesh

Limit: $8,000

Benin

Limit: $20,000

Brazil

Limit: $8,000

Chile

Limit: $5,000

Colombia

Limit: $3,000 - $7,000

Ethiopia

Limit: $10,000

Ghana

Limit: $20,000

Guatemala

Limit: $500

Indonesia

Limit: $10,000

Japan

Limit: $8,500

Jamaica

If you are in Jamaica, you may need to file a deposit authorization form.

Kenya

Limit: $5,000 - $20,000

Malaysia

Limit: $50,000

Mali

Limit: $20,000

Morocco

Minimum: 100 MAD

Nepal

Limit: $4,500

Nigeria

Limit: $3,000

Pakistan

Limit: $8,999

Russia

Limit: $9,000

Senegal

Limit: $2,000

Sri Lanka

Limit: $13,000

Thailand

Limit: $10,000

Togo

Limit: $20,000

How do I edit my payment method?
  1. Go to Settings Get Paid
  2. Under Payment Methods, find the one you want to edit
  3. Click Edit from the (...) options menu
  4. Edit your information and click Save Changes

Email addresses, bank account numbers, and bank codes can't be edited. You must add a new payment method if these change. Don't forget to remove the old payment method at that time, too.

What if I don't know my bank code?
Find more information on the common bank codes for each country here. If you need help, reach out to your local bank or contact Upwork customer service.

 

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