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Re: Local Funds Transfer - Philippines (BDO)

Active Member
Sarah Monique B Member Since: Sep 11, 2016

Hello!

 

I am a newbie and made my first withdrawal (yay!) from Upwork via Local Funds Transfer (my bank is BDO). I did that Saturday, Sept 10. I would like to know how long does it usually take for the funds to be credited to my bank account? Also, is there an addditional fee for LFT other than the $0.99 Upwork withdrawal fee?

 

Can I have your suggestions regarding the best way to withdraw my earnings from Upwork? I would definitely appreciate your inputs regarding the matter, especially the ones you had from your personal experience. Thank you! 

 

 

Sincerely,

Sarah B :-)

37 REPLIES 37
Moderator
Valeria K Moderator Member Since: Mar 6, 2014

Hi Sarah Monique,

 

Generally LFT payments arrive to accounts in the Philippines within two to four business days.

Your bank may charge you an incoming remittance fee and you can contact them for more information about that.

 

Check out this help article for more information.

~ Valeria
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Frequent Visitor
Arshelyn Jane L Member Since: May 30, 2018

I have the same bank as well. My problem is that the payment method I have encoded was my ATM card number and not my bank account number. Is it okay? Should I contact the bank about this? Thank you. I hope I will get an answer.

Moderator
Avery O Moderator Member Since: Nov 23, 2015

Hi Arshelyn Jane, 


This transaction will get rejected, and the money withdrawn will automatically go back to your Upwork account. Please add the correct bank details to your account, making sure that you add the account number. 


-Avery
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Frequent Visitor
June Blyth R Member Since: Mar 29, 2018
Hi,

How many days usually the money will be returned to your Upwork account upon rejection e.g BDO?

Thanks
Frequent Visitor
Daisy Jane J Member Since: Feb 22, 2018

I have the same problem, so how long did it take before they transfer the money back to your Upwork Account?

 

Thanks!

Moderator
Avery O Moderator Member Since: Nov 23, 2015

Hi June Blythe, and Daisy Jane, 


It usually takes 8-business days for the money to be returned to your Upwork account. 


-Avery
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Active Member
Syed A Member Since: Mar 13, 2017

Hi Valeria, 

 

Can you please guide me how to set payment preferences ? and is it important to fil W8BEN tax information as I am individual freelancer not a comapany. If yes please guide me with the process. 

Looking forward to your kind reply. 

 

Warmly, 

Moaeed.

Moderator
Avery O Moderator Member Since: Nov 23, 2015

Hi Moaeed, 


You can set up your payment method by going to your Settings page > Get paid > and click on Add Payment Method. From there, you can choose which payment method best suits you. 

 

To answer your next question, yes, it is important to file the W8BEN form. This form indicates that you are not a U.S. person, and will not be paying U.S. taxes. You should be able to complete it by adding your legal name, and your address. 


-Avery
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Frequent Visitor
Jonathan H Member Since: Jan 18, 2017

Hi,

 

 

I earn $20 dollars in my first Job can I widraw it through paypal?

 

 

 

Thanks,

Jonathan Hitutua