Key Takeaways
- The withdrawal method you choose directly affects your fees and processing time.
- Deel supports more than 15 withdrawal methods in over 150 countries.
- Instant Card Transfers cost 0.75% (up to $25) in the U.S. and 2% (up to $15) internationally.
- Wallbit lets you receive Deel payments into a U.S. account with no receiving fees for ACH or wire deposits.
If you're working remotely for an international company, chances are you're already familiar with Deel. It's one of the world's leading payroll platforms, used by thousands of companies to pay contractors, freelancers, and full-time employees across the globe. Until two years ago, the company had an approximate value exceeding $12 billion.
The way you withdraw your earnings matters. Your chosen withdrawal method determines how quickly you'll receive your money, how much you'll pay in fees, and whether currency conversion costs will reduce your earnings.
In this guide, you'll learn how Deel works, compare every major withdrawal method, understand Deel's fees, and see how to receive your payments with Wallbit without receiving fees.
What Is Deel?
Deel is a global payroll, HR, compliance, and payments platform founded in San Francisco in 2019. It enables companies to hire and pay talent anywhere in the world while helping contractors and employees receive payments in their preferred currency and withdrawal method.
Today, Deel operates in more than 150 countries, supports payments in over 120 currencies, and has reached a valuation exceeding $12 billion. Companies such as Coinbase, Shopify, and Intercom rely on Deel to manage their international workforce.
How Does Deel Work?
When your employer sends a payment through Deel, the funds are first deposited into your Deel balance.
From there, you decide:
- When to withdraw your money.
- How much to withdraw.
- Which withdrawal method to use.
This flexibility allows you to wait for better exchange rates, keep funds inside Deel temporarily, or automate recurring withdrawals.
Freelancers can also choose between fixed-price contracts, hourly contracts, or milestone-based payments depending on their engagement.
How to Set Up Your Deel Withdrawal Method
Before receiving your first payment, you'll need to create a Deel account and complete identity verification.
After signing up:
- Choose "I'm a contractor" (or your corresponding worker type).
- Complete your profile.
- Review and sign the contract your employer sends.
- Go to Finance → Withdrawal Methods.
- Add the withdrawal option that you preferred.
Once verified, you can add multiple withdrawal methods, choose a default option, and enable automatic withdrawals. You can even specify what percentage of your balance should transfer automatically while leaving the rest in your Deel account.
If you need early access to your earnings, Deel Advance lets eligible users receive payments up to 30 days before payday without interest or a credit check.
Deel Withdrawal Methods
Availability varies by country, but these are the most common options:
- Local bank transfer: Receive money directly into your local bank account in your local currency.
- International wire transfer (SWIFT): Best for users with a U.S. dollar account outside their home country.
- Deel Card: Spend directly from your Deel balance without transferring funds to a bank.
- PayPal and Payoneer: Convenient if you already use these payment platforms.
- Crypto withdrawals: Withdraw USDC or USDT through Coinbase with near-instant settlement.
Some countries, like Colombia, offer additional local payment options, while others have fewer available withdrawal methods.
Deel Withdrawal Fees
Most Deel withdrawal methods don't include an additional Deel fee. However, intermediary banks, payment providers, or currency conversion costs may still apply.
Some notable fees include:
The Deel Card costs $5 for a virtual card and $10 for a physical card. Purchases made in currencies other than U.S. dollars incur a 1.25% foreign transaction fee.
Currency conversion fees depend on exchange rates and payment processors and cannot be controlled by Deel.
How Long Do Deel Withdrawals Take?
Estimated processing times are displayed inside Deel's payment tracker.
Generally speaking:
- Digital wallets and U.S. dollar accounts receive funds within minutes or a few hours.
- SWIFT bank transfers typically take between one and three business days.
Weekends and bank holidays can delay processing regardless of the selected withdrawal method.
The Best Way to Receive Deel Payments
For freelancers, contractors, and remote employees paid in U.S. dollars, receiving payments directly into a U.S. bank account is often the most efficient option. Wallbit provides exactly that: opening an account takes just a few minutes:
- Download the Wallbit app.
- Open your account.
- Copy your U.S. banking details.
- Add them to Deel as your bank account.
Wallbit Classic has no monthly fee, no account opening fee, and no receiving fees for ACH or wire transfers.
If Deel is your recurring payroll provider—or you receive payments from platforms like Ontop or Rippling—you'll automatically qualify for Wallbit Pro at no extra cost, including discounted withdrawal and investing fees.
Beyond receiving payments, Wallbit lets you:
- Keep your balance in U.S. dollars.
- Convert funds only when you need local currency.
- Spend globally with a Visa card accepted in over 180 countries.
- Invest in U.S. stocks, ETFs, and Treasury securities from the same account.
- Access investment accounts protected by SIPC Excess coverage of up to $75 million.
If you're looking for a single app to receive, save, spend, and invest your international income, Wallbit is one of the most complete withdrawal options available for Deel users.
