Reply
cancel
Showing results for 
Search instead for 
Did you mean: 
Reply

Payment Method - Foreign currency account

Highlighted
Active Member
Syed Kashif A Member Since: Nov 24, 2019
1 of 6

Hi, I have a foreign currency account in Pakistan. How can I register that account with Upwork, so that I receive my payment in dollars here in Pakistan?

Highlighted
Community Guru
Petra R Member Since: Aug 3, 2011
BEST ANSWER
2 of 6

Syed Kashif A wrote:

Hi, I have a foreign currency account in Pakistan. How can I register that account with Upwork, so that I receive my payment in dollars here in Pakistan?


You'd have to use wire transfer, which costs $ 30 per withdrawal, so it's not worth your while to withdraw small amounts that way.

 

You can't withdraw in Dollars to a "direct to local bank" account as that is only for local currency. Otherwise you'd suffer currency losses twice (both ends)

View solution in original post

Highlighted
Active Member
Syed Kashif A Member Since: Nov 24, 2019
3 of 6

Thanks, Petra. I was not aware of that.

Highlighted
Ace Contributor
Naheed M Member Since: Sep 29, 2020
4 of 6

Hi Syed Kashif A,

Though you have a foreign currency account, what if that costs a lot to you.  Better, use the same method as all on the Upwork platform.

All the best.

Thanks

Naheedmir

Highlighted
Active Member
Syed Kashif A Member Since: Nov 24, 2019
5 of 6

Today, the interbank conversion rate from the US dollar to Pakistani Rupees is 164 whereas Upwork shows Rs 158.10. That is why I want to get the amount in US dollars.  

Highlighted
Active Member
Syed Kashif A Member Since: Nov 24, 2019
6 of 6

Thanks, Naheed, I just read the details given by Petra. It's very expensive. You are absolutely right. Thanks again.

TOP SOLUTION AUTHORS
TOP KUDOED MEMBERS