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Re: Funds limits on Upwork without withdrawal

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Active Member
Jayson F Member Since: May 4, 2016
1 of 6

Hello,

How much money can I have on Upwork without widthdrawal and how much time for it (if apply) to be expired if I have not supplied any ways for withdraw funds. Thanks

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Community Guru
Kamaal M Member Since: Aug 22, 2015
2 of 6

How much money can I have on Upwork without widthdrawal?

$1000

 

How much time for it (if apply) to be expired if I have not supplied any ways for withdraw funds.?

If you mean how many days can Upwork hold your funds then your answer is 180 days

Community Guru
Tiffany S Member Since: Jan 15, 2016
3 of 6

@Kamaal M wrote:

How much money can I have on Upwork without widthdrawal?

$1000

 


 That can't be accurate, can it? Single payments often exceed $1,000

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Community Guru
David G Member Since: Oct 6, 2011
4 of 6

@Tiffany S wrote:

@Kamaal M wrote:

How much money can I have on Upwork without widthdrawal?

$1000

 


 That can't be accurate, can it? Single payments often exceed $1,000


 You can take out more than $1000 but once you reach this amount, Upwork will automatically send the money to your payment method at the end of the month if you don't take it out yourself. You can't keep more than $1000 for more than a month before it is sent you your payment method.

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Community Guru
Kamaal M Member Since: Aug 22, 2015
5 of 6

@David G wrote:

@Tiffany S wrote:

@Kamaal M wrote:

How much money can I have on Upwork without widthdrawal?

$1000

 


 That can't be accurate, can it? Single payments often exceed $1,000


 You can take out more than $1000 but once you reach this amount, Upwork will automatically send the money to your payment method at the end of the month if you don't take it out yourself. You can't keep more than $1000 for more than a month before it is sent you your payment method.


 Correct, for example if my earnings already exceeded $1000, Upwork will keep it and automatically send it my next schedule - It can be

- weekly

- monthly

- quaterly (jun 27)

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Community Manager
Lena E Community Manager Member Since: Apr 7, 2015
6 of 6

If you haven't chosen a payment method the default is quarterly. You can choose from:

  • Weekly - Every Wednesday
  • Twice per month - First and third Wednesday of each month
  • Monthly - Last Wednesday of each month
  • Quarterly - Last Monday of each quarter (March 28, 2016 | June 27, 2016 | September 26, 2016 | December 26, 2016)

Choosing a schedule is part of the process when you first set up your account for payments. To set up your payment schedule:

  1. Click the Account menu, choose Settings, then click the Get Paid link.
  2. Click the Added a Payment Method button and enter your Payment Details.
  3. Select your Schedule and click Next. You'll then need to fill out a W-9 or W-8BEN to complete setup.

If your balance stays below $100 (U.S.)/$1,000 (International), funds will not be paid out until you exceed the balance or time limit. 

  • Time Limit – Upwork checks for balances that have been held for longer than 180 days. These checks occur according to your chosen payment schedule (quarterly is the default).
  • Balance Limit – On your scheduled payment date, if your balance equals or exceeds $100 (for U.S. freelancers) or $1,000 (for non-U.S. freelancers), your full balance will be paid out via your chosen payment method. Scheduled payments are always of your full available Upwork balance.

You can find more information about setting up payment schedules in our help article here.

 

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