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Can I withdraw money in USD?

Active Member
Robert B Member Since: Apr 23, 2017
1 of 8

Hi all

I earned few bucks here on Upwork 

i am based in Europe but want the money to be released in the original currency (USD) 

the only option I can find (in addition to paypal & transfer to us bank) is the withdrawal to EUR bank account. 

 

If I add USD nominated bank account (under EUR withdrawal option) will Upwork first convert the USD amount into EUR and then my bank will convert it once again from EUR into USD? 

 

How to avoid it?

Community Leader
Andrei T Member Since: Aug 30, 2016
2 of 8

You CAN withdraw directly in USD, via wire transfer. But it will cost around 30 USD if you live outside US.

Active Member
Robert B Member Since: Apr 23, 2017
3 of 8

i am aware of this but trying to find a solution 

Community Leader
Andrei T Member Since: Aug 30, 2016
4 of 8

Wire transfer does not convert to EUR and then back to USD. And it's different than direct transfer to US bank account.

 

You can receive USD directly to your USD account in Europe, and you only pay a flat fee of 30 USD.

Active Member
Robert B Member Since: Apr 23, 2017
5 of 8

on what basis does upwork charge 30 usd if i have EU-based USD-denominated bank account? 

on upwork i have earned monies in USD

they transfer this to EUR denominated account so they obviously exchange USD into EUR

 

Moderator
Valeria K Moderator Member Since: Mar 6, 2014
6 of 8

Robert,

 

If you use Direct to Local Bank transfer to withdraw your funds, the conversion is done before the money is sent to your bank account in your local currency. 

 

If you use Wire Transfer, the money is sent to your account in the US dollars but may be converted to the local currency by your bank is the account is in the local currency. 

 

You can find information about the fees here for Wire Transfer and here for Direct to Local Bank transfer.

~ Valeria
Untitled
Moderator
Valeria K Moderator Member Since: Mar 6, 2014
7 of 8

Hi Robert,

 

You can look into using Wire Transfer if you want to withdraw your Upwork earnings to your bank account in US dollars.

~ Valeria
Untitled
Community Guru
Preston H Member Since: Nov 24, 2014
8 of 8

Robert:


Keep in mind that no matter where in the world you live, Upwork allows you to withdraw money in USD for free (paying no fees) to a U.S. bank account.

 

Some people say it is pretty difficult for a non-U.S. resident to set up a U.S. bank account. I have also seen comments by people who think it is pretty easy to do so. I don't really know for sure how difficult it is. But I do know that there are many Upwork users who don't live in the United States, but who withdraw their funds to U.S. bank accounts.

 

Whether or not this is a solution that will work for you, I can't say. But it's something to keep in mind.

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