Expanding Direct to Local Bank availability
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Starting in April, we will be expanding Direct to Local Bank withdrawals to several additional countries. Freelancers located in these countries will now be able to utilize DLB as a withdrawal option to transfer funds in their local currency directly to their bank. For many, this could be the least expensive way to get paid because the cost per payment is only $0.99. Since the transfer is done using each countryâs local network, incoming bank fees are usually reduced or eliminated.
New countries added:
- Albania
- Bosnia and Herzegovina
- Egypt
- Faroe Islands
- Gibraltar
- Greenland
- Isle of Man
- Israel
- Jersey
- Korea, South
- South Africa
- Tunisia
- Turkey
Previously, because DLB wasnât available in these countries, they were given a reduced rate on Payoneer and PayPal withdrawals. Since we are now able to offer this new, low-cost option, we are also updating the fees for e-wallet style payments in these countries. As of April 6th, 2020, PayPal and Payoneer withdrawal fees will increase from $1.00 USD to $2.00 USD per withdrawal, which is the same fee other freelancers pay who have the same payment options.
If you want to see what payment options are available to you today, click âAdd a Payment Methodâ in the âGet Paidâ section of your Upwork account (under âSettingsâ). For more information on Direct to Local Bank withdrawals see this help article.
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