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nahomwosenu
Community Member

Withdraw foreign currency (USD) from Upwork

Hello Community, I have been working on Upwork for a while and I was always using "Direct To Local Bank" withdrawal option to withdraw my funds. I'm living in Ethiopia where the economy is low and the exchange rate is rather high. 1 USD = 28.80 ETB currently and it's getting higher every time.
Now I want to withdraw the USD directly (without getting exchanged to local currency) and store in one of the local banks in USD that way I can save my future.
I'm not sure if the other withdrawal option on Upwork called "Wire transfer" is something I need?
Kindly looking for your advice.
Thanks.

1 REPLY 1
g_vasilevski
Retired Team Member
Retired Team Member

Hi Nahom,

 

At the moment the only option available to withdraw your funds in US dollars to your local bank account is our Wire Transfer payment method. 
To learn more about the timings and fees for this payment method check out this Help Article. Thank you.

~ Goran
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