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Upwork to Bank Account (Pakistan)

3eb7cc08
Active Member
Waleed T Member Since: Dec 10, 2020
1 of 7

Hello there,
I wanted to know that if I transfer my funds directly to my bank account (Recommended for Pakistan), what will the service fee

0.99$ per transaction only? Or any additional charges, I'll have to pay...
Looking forward to a positive response, 
WT

taimur_r_khan
Active Member
Taimur R Member Since: Jul 3, 2018
2 of 7

Hi Waleed, 

 

A fixed amount of $0.99 will get charged on every withdrawal request. There are no extra charges whatsoever. I am withdrawing from Meezan bank and the process is seamless. 

3eb7cc08
Active Member
Waleed T Member Since: Dec 10, 2020
3 of 7

When I'm to withdraw funds from Upwork to Meezan Bank, the change rate appears to be as follows:

Last Exchange Rate 147.2800 USD/PKR (As of Apr 9, 2021, 15:07 +0500

 

However, according to Google, it is, 1 United States Dollar equals 152.07 Pakistani Rupee 9 Apr, 1:01 am UTC 

What's the matter?
Will the exchange rate be 147 or 152?

g_vasilevski
Moderator
Goran V Moderator Member Since: Mar 24, 2017
4 of 7

Hi Waleed,

 

Difference in exchange rates is not something Upwork can control. When a bank converts a transaction, they will mark up the interbank rate to buy or sell a currency. Online calculators will not take into consideration the mark up that is applied. Since rates constantly change throughout any given day, the rate you received is the rate offered by our bank at the time your specific transaction was processed. Thank you.

~ Goran
Upwork
anas_jamshed
Active Member
Anas J Member Since: Apr 13, 2020
5 of 7

Is Meezan bank now asking R form after withdrawal?

saim074
Active Member
Saim M Member Since: Sep 12, 2021
6 of 7

Is there a specific kind of account you have in Meezan for Upwork withdrawal.

anas_jamshed
Active Member
Anas J Member Since: Apr 13, 2020
7 of 7

Yes, you need to open a freelancer account 

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