I am planning to start an agency on Upwork. I have had a individual profile for many years now. I have searched in the questions, but could not find a detailed answer. Here is my question:
If I start an agency account, can I withdraw the funds with the bank account I already have set up on my individual account?
Thank you for your reply,
To clarify, My existing withdrawl method set up on my individual upwork account will be ok to withdraw the agency account? I will not have to add any other bank accounts?
It doesn't look like you have an agency account at the moment. In general, if you are referring to withdrawing agency earnings to individual freelancer account, then no, it's not possible. Agency and individual freelancer financial accounts are separate and it's not possible to move funds between them.
I am not talking about transfering the funds from one accoun to the other. I am speaking about can I add the same bank account that I have for my individual account to my agency account. The whole point to this is I do not wish to open another bank account for the agency. I would like to withdraw to the same account as I am using now. I was worried that you cannot duplicate a bank account in Upwork. Much like PayPal. ?
When you setup your agency profile, you should be able to add your personal bank account to your agency account as a payment method. The same payment method can be used as a payment method on your personal freelancer account.
Hope that clarifies this for you!
I just checked your agency account and was able to locate the Get Paid button. Please go Settings > Get Paid, if you have any additional questions let me know. Thank you.