I just went to reports page to withdraw money to my account. But, the fee is 30 dollars.
Don't get me wrong, I know fee has to be paid, but 30 dollars is just too much.
If they were trying to make money on withdrawal fees, they would charge for all withdrawals, and I am charged nothing.
Can I ask what may be a dumb question, but I would really like an answer?
Why don't contractors in areas with such high fees simply set up bank accounts in the U.S. and then have their oDesk earnings transferred to those accounts without fees?
I'm pretty sure I'm not allowed to set up a US bank account without a US work permit or residence permit or something like that Plus to transfer that to my account here would also cost money (I think).
Correct me if I'm wrong though. It would be nice to know of alternatives.
Do you have Paypal in your country? Because if so, it will probably be much much cheaper, and maybe even free. It works very well for a lot of European members, though I understand it will differ between countries.
If you used your U.S. Bank account to pay credit card balances, you would never need to transfer money to your local bank.
Preston, thanks for the clarification.
Don't you need to be there or provide a US address when you open the account though? And does it depend on having a personal or company account? Any advice would be appreciated.
It's a little complicated here because I have an Indian passport but a Mozambican residence permit. Having a US account could be problematic when it comes to paying Moz tax. Plus I don't use/have a credit card - I just do withrawals.
But I guess I should look into that!
Look, I'm not an expert on this AT ALL. So don't take advice from me on this. But from what I have read, it is pretty routine for non-U.S. citizens to open up and maintain bank accounts in the United States if they have a U.S. address or if they open up the bank account in person.
But you don't need to be a citizen or permanent resident.
Bring a bunch of cash and a passport to the right bank, and you will be able to open a account.
But, yeah, I get it that this means physically travelling to the United States.
There probably ARE ways to legitimately and completely legally open up a bank account with a U.S. bank without travelling here, but I don't know for sure. I'm no expert.