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Andrea's avatar
Andrea B Community Member

Payment methods Colombian Upworkers

Hi guys,

 

I'm from Colombia and I'm working for an USA company and I'm concernd about what payment method to use because I'm reading about a lot of bank fees mostly for the exchange currency.

 

I am trying to choose between a local bank (Bancolombia) or Skrill and I would really appreciate if someone in the same situation could give some advice about what payment method are you using and how much the fees cost.

 

Thank you so much,

 

Andrea.

 

71 REPLIES 71
Andrea's avatar
Andrea B Community Member

And dont forget that the very first time you wont see the money in your balance until you go for yourself with a cashier.

Adonay's avatar
Adonay P Community Member

Hello Andrea, so i did my first LFT withdrawal, but i need to get to the bank in person to claim the funds, because it requires my citizenship car id attached to the wire transfer. What should i tell to the bank when i get there? i just need to be able to receive the funds automatically. Apparently Upwork can't attach my ID to the wire transfer

Avery's avatar
Avery O Community Manager

Hey Camilo and Andrea, 

 

I apologise for the oversight, I've edited my post to reflect the correct name. I'm happy to see that Andrea was a great help to you, Camilo. 

 

If there's anything we can help you with, let us know!


~ Avery
Andrea's avatar
Andrea B Community Member

Hi , as far as I know with my local bank in Colombia is just to get close and ask to them for make the withdrawal automatically to your account. I hope this be useful.
Charles's avatar
Charles B Community Member

HI, , MY NAME IS CHARLES AND I AS WELL WORK FOR AN AMERICAN COMPANY ,FROM MEDELLIN COLOMBIA, I JUST STARTED AND RECEIVED MY FIRST PAYMENT, I WAS WONDERING IF YOU HAVE RECEIVED WIRE TRANSFERS FROM UPWORK TO BANCOLOMBIA. OR IF THERE IS ANY ADVICE YOU COULD GIVE. 

HOW LONG DID IT TAKE YOU? DID YOU HAVE TO CONTACT BANCOLOMBIA IN ORDER TO RECEIVE YOU PAY?

THX IN ADVANCE

 

Camilo's avatar
Camilo M Community Member

Hi Charles, i have used the wire transfer to BANCOLOMBIA account without any problem, they will charge you 4 USD, just register your account with the BANCOLOMBIA SWIFT CODE, you can find it online or ask in an office, you need also to sign a paper form in the bank the fisrt time you receive a payment from upwork, hope it will help you.

Charles's avatar
Charles B Community Member

THANKS FOR YOUR QUICK RESPONSE CAMILO, I CAME TO REALIZE THAT THE ANSWER TO MY QUESTION WAS POSTED BEFORE I EVEN ASKED... IF YOU HAPPEN TO KNOW WHAT IS THE NAME OF THAT PAPER OR DOCUMENT,?, OR JUST BY ME WALKING IN AND EXPLAINNING TO THEM MY SITUATION THEY WILL KNOW WHAT PAPER IT IS THAT I NEED... ALSO JUST TO CONFIRM ...., YOU ALSO RECEIVE YOUR PAYMENT 1-3HRS AFTER YOU WIRE? OF COURSE AFTER SIGINING THE DOCUMENT IN THE BANK?

THANKS AGAIN AND I WISH YOU THE BEST.

Camilo's avatar
Camilo M Community Member

Yes, it doesn't take too much time, go to the bank and ask for it, it is a form when you accept the international transfer.

 

Good Luck!!

Luis Omar's avatar
Luis Omar A Community Member

Hello, 

 

how much time takes in appear in your bancolombia account after make the payment in upwork i have been waiting for 2 days and they said that not get any transaction. 

 

 appreciate 

 

 

thanks 

 

 

Omar

Maria Carolina's avatar
Maria Carolina F Community Member

Hi, I was trying to link my Bancolombia account and I got this. Did they update that $30 fee per withdrawal? Can someone please explain me what it is?

 

e417cc9a_0-1702350763972.png

 

Luis Omar's avatar
Luis Omar A Community Member

 

Hello

 

did you get the money by Bancolombia?

 

please let me know im trying to set up with them.

 

thanks 

 

Omar

Victor's avatar
Victor R Community Member

Hello everyone, Ijust started on the site and this is the first time I am doing anything like this and .... I'm very confused it's like the more I read the less I get hahaha any of you would be amazingly kind enough to explain things too me? i know im asking for a lot! also Im having trouble with adding my bank account, it's a savings account from bancolombia but as you know the our debit card dont have the same info and codes as a credit one like in the US, I need a lot of clarifying hahahah I hope any of you can help me. Thanks in advance.

 

Victor.

Camilo's avatar
Camilo M Community Member

Hi Victor, just ask in a Bancolombia office for the swiftcode of the bank, register your account number with the code as your payment method on upwork, once you are ready to withdraw, only the first time you need to go to the bank an sign a form to accept international transfers direct to your account, thats all.  

Victor's avatar
Victor R Community Member

Hey, it's me ... again hahaha sadly when i went back to the bank, they told me they still dont understand what i need to make it work and they are offering me a credit card and thats not what i need. Can you walk me through the steps of the process cause i don't know anymore how to ask for it. Thanks a lot 🙂

Andrea's avatar
Andrea B Community Member

Hello, 

 

Just ask for the swift code is COLOCOBM

I have a debit card and it was very easy linked it to Upwork.

 

Cheers,

Andrea

Victor's avatar
Victor R Community Member

Heyy, yo must be thinking I'm so stupid hahah i went to the bank and filled the document, but now Im having problems adding the payment method where do i put the swiftcode and do i write the number thats on the plastic or the number of the account? sorry I'm sooo confused! 

Cristina's avatar
Cristina F Community Member

Don't worry, it's complicated to get sometimes. 

 

You need to go to the settings on your account. Click on your picture on the left top corner and click on settings. Then go to "Get paid" > Payment methods > Add a payment method > Local Funds Transfer (COP) > Put the Swift code COLOCOBM > GO. Then just add all your account information. It's pretty straight forward. It takes about 3 days to be approved and then you can start transferring the money to your Bancolombia account.

 

Let me know if that works for you 🙂

Juan Manuel's avatar
Juan Manuel F Community Member

Hi, everyone I've been reading your comments but nobody is saying anything about the exchange rate. Apparently they use $2000 COP for every dollar when the official rate is $2850 (16/02/2017). Please someone tell me if I'm wrong with this and what is the exchange rate they are using with your withdrawals.

Adonay's avatar
Adonay P Community Member

that can't be right, last payment that i got was 2836.8073 COP/USD. But after all the problem with the new third party company (Titan) i don't know how it is now.

Cristina's avatar
Cristina F Community Member

Hi Juan, 

 

I see as of today the rate is 2725 COP. It usually changes daily.

 

Capture.JPG

Juan Manuel's avatar
Juan Manuel F Community Member

That's good then, Gracias Cristina! I was a little scared about that. Smiley Happy

Luis Omar's avatar
Luis Omar A Community Member

hello, 

 

somebody knows how work the new method?

 

thanks 

 

Omar

Adonay's avatar
Adonay P Community Member

i also want to know, thanks.

Julian's avatar
Julian G Community Member

Hello Cristina, could you please tell me where can I find the last exchange ? I cant find it. Thanks

Vladimir's avatar
Vladimir G Community Manager

Hi Julian,

 

You can check the last used conversion rate by taking the first step in initiating a withdrawal through the Direct to Local Bank method.

~ Vladimir
Upwork