Jul 24, 2019 01:28:57 AM by Hilary R
Hi,
I see that several African countries such as Senegal have access to local bank payments, but not South Africa, Is there any intention to add South Africa to the list of local banks? It certainly has the banking infrastructure for it and would save a great deal of trouble.
Thanks
Jul 24, 2019 01:52:23 AM by LIN F
Jul 24, 2019 02:13:35 AM Edited Jul 24, 2019 02:16:53 AM by Goran V
Hi Hilary and Lin,
Thank you for your feedback I will share it with our team. Unfortunately at the moment, I don't have any details about this, I will check with our team and once we (Moderators) have more information we will update the thread.
Aug 16, 2021 01:17:51 AM by Bianca S
Hi Goran
I am new to Upwork, I chose the wire transfer, I would like to know how much it costs and how long it will take to get my money. Also which currency do I look at? I look forward to your reply.
Bianca
Aug 16, 2021 01:47:57 AM by Aleksandar D
Hi Bianca,
I checked and it looks like you added a Direct to Local Bank method, not the Wire transfer one.
When you withdraw funds using the Direct to Local Bank method, the currency conversion will be performed by Upwork's banking partner at the time the funds are sent to you and the money would arrive at your bank in your local currency. The cost per withdrawal direct to your local bank is $0.99 (plus incoming fees at some banks). For more information on the fees and timing, you can check this article.
If you have a USD account with your local bank, you can use the Wire Transfer method to withdraw USD directly to that account. Upwork charges a $30 fee for each U.S. dollar wire transfer. You can check this article to learn more about the fees and timing.
Thank you.
Aug 16, 2021 02:08:21 AM by Bianca S
Hi Aleksandar
That's correct! Thank you for your prompt response!
Have a great day!
Jul 24, 2019 02:48:18 AM by Bev C
PayPal integrates very well with FNB Hilary. After UW release the funds PayPal/FNB usually happens within 48 hours. Works fine for me anyway 🙂
Jul 24, 2019 06:04:20 AM by Jo D
I agree with Bev C - I also get my funds into my FNB account within 48 hours of withdrawing them from Paypal. It's super easy to set up Paypal integration if you have an FNB account.
Jul 24, 2019 08:02:18 AM Edited Jul 24, 2019 08:03:17 AM by Irene B
FNB also gives non-FNB clients the opportunity to use their (FNB) PayPal facility to their own (different) bank account. The longest I have waited for a paypal withdrawal to reflect is 36 hours (approximately).
Aug 19, 2021 10:39:36 PM by Jothie M
Aug 20, 2021 01:01:48 AM by Bev C
Yes Jothie, it's easy to open an FNB account online and all the links to open a PayPal account are there.
It's really straightforward and user friendly 🙂
Oct 7, 2020 11:01:20 PM by Johan S
Hi Bev C
Im new to Upwork and linked my FNB account. I withdrew funds from Upwork into my FNB last Friday. I received an email from Upwork to say that the money would be in my FNB account yesterday, but there is still nothing there.
Is there anything that I need to do with FNB in order to receive the funds?
Thank you in advance
Kind Regards
Johan
Oct 7, 2020 11:11:01 PM by Goran V
Hi Johan,
Please keep in mind that It can take between 2 to 5 business days for the funds to be loaded on your bank account. If you have not received the funds after 8 business days let us know, and our team will initiate a trace on your transaction. Thank you!
Oct 8, 2020 04:53:16 AM by Roxanne d
Hi Johan,
I'm just wondering if you did recieve payment. I'm in the same boat and was just wondering how long it would take. I withdrew on Monday and still nothing. Last time I withdrew as a test from Upwork direct to FNB, the funds were in my account 12pm that very same evening. I then decided to withdraw the same way as I thought it would be similar. I should have withdrawn via PayPal, 2-day wait and the exchange rate given by FNB is higher than Upwork. Anyway, let me know if you recieved your funds?
Oct 8, 2020 04:58:01 AM by Goran V
Hi Roxanne,
Please keep in mind that It can take between 2 to 5 business days for the funds to be loaded on your bank account. If you have not received the funds after 8 business days let us know, and our team will initiate a trace on your transaction. Thank you!
Apr 21, 2021 06:54:05 AM by Julia B
Hi Roxanne,
This is more of a question, i did a "check-out" to test the porcess today (i bank with Standard through), did you have to complete any forms at FNB as to why you are receiving international payments?
The UW process is realy easy, I am just not sure as to how complex the SA clearing side is lol.
PS - Good to see other South African's using this platform 🙂
Apr 21, 2021 07:02:08 AM by Roxanne d
Hi Julia,
No, I didn't. If you directly withdraw from Upwork to your linked SA bank account, it's a direct deposit. I was not asked to complete any forms as to why I am recieving the international payment. It usually takes 4 to 5 business days from the time of withdrawal to deposit.
When you are drawing via PayPal into your SA account (which, if I'm not mistaken is only offered by FNB right now, although even if you do not hold an account with them, you can still make use of the facility), FNB then asks you to state a reason as to why you are recieving an international payment.
Feel free to shout if you need any help. It's good to see you've joined the community!
Apr 21, 2021 07:29:44 AM by Bev C
I also use Paypal and FNB and payment is seamless both ways.
PayPal's exchange rate is better but they deduct a processing fee whereas Upwork's exchange rate is lower but there are no additional fees after withdrawal.
There very little difference if you're drawing smaller amounts.
Funds directly from Upwork clear within 24-hours (48 at the most), but PayPal takes a few days.
As with Roxanne, I wasn't asked for any details by FNB either way. Money comes in as a direct deposit and that's it.
Aug 9, 2021 01:07:55 AM by Roxanne d
Hi Jothie,
Sorry for my delayed response. For direct to bank withdrawal, there is a $0.99 withdrawal fee. They also offer you a rate, USD to ZAR that is +/- 0.7 lower than the rate shown on Google. For example, today the rate is ZAR 14.64, they offer you ZAR 13.95. If you go to "get paid" and click the option to directly pay to your linked bank account, all the fees and rate given will be shown to you so you can calculate exactly what you will get in your bank account. I can't remember how much FNB charged on my end or if there was an incoming bank fee (I don't think there was, and if so, it was neglible as if it was a large cost incurred, I think I would have remembered.)
I hope this helps. Let me know if you have any other questions!
Aug 28, 2021 11:38:43 PM by Will V
Thats a very expensive way to transfer from UW. Go see the conversion rates and fees by fnb
Aug 30, 2021 01:01:17 AM by Bev C
PayPal's conversion rates are very reasonable Will and FNB charges aren't that steep.
You can draw directly from Upwork to FNB. Charges are less but the exchange rate isn't that great and Upwork funds can take up to 8 days to clear.
There aren't many other options available to draw funds that would be better.
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