How to Withdraw from Deel

Written by
Lou Zarcal
Published on
September 1, 2023
How to Withdraw from Deel

Deel is a popular platform that facilitates global payroll and compliance for remote teams.

If you find yourself needing to withdraw from Deel, whether due to a change in circumstances or alternative arrangements, this article will guide you through the process.

How to add a payment method

We’ll aim to add a new bank account as a withdrawal method.

1. Go to ‘Withdrawal Methods’ on your left side

2. Click ‘Add Method’

3. Select your preferred withdrawal method. In this scenario, we’ll add a new bank account, so we’ll choose ‘Bank transfer’.

4. Add in the details of your bank account.

Payment Methods

Deel offers various payment methods to accommodate the diverse needs and preferences of its users.

Note that all of these have provider fees per transaction.

Here are some common payment methods available on the Deel platform:

  1. Bank Transfers: Deel allows you to withdraw funds directly to your bank account. You will need to provide your bank account details, including account number, routing number, and other necessary information.
  2. PayPal: PayPal is a popular online payment processor that enables secure and convenient transactions. If you have a PayPal account, you can link it to your Deel account and withdraw funds directly to your PayPal balance.
  3. Payoneer: Payoneer is another widely used payment platform that facilitates global money transfers. By linking your Payoneer account to Deel, you can withdraw funds and have them transferred to your Payoneer account.
  4. TransferWise (now Wise): Wise is an international money transfer service that offers competitive exchange rates and low fees. If you prefer using Wise, you can connect your Wise account to Deel and receive your withdrawals in the currency of your choice.
  5. Local Payment Methods: Deel also supports various local payment methods depending on the countries they operate in. These methods may include popular local payment platforms, digital wallets, or country-specific banking systems.
  6. Coinbase and Binance: Depending on your location, you can withdraw to cryptocurrencies.

Withdraw to Parallax

1. Connect your Deel account to Parallax: Once you have a Parallax account, connect your Parallax bank account information to Deel

2. Withdraw earnings: When you are ready to withdraw money, go to the Home page to look at your balance.

a. Click withdraw

b. Choose “Withdraw to Bank transfer” then click “Withdraw” to finalize

By following this step-by-step guide, you'll be able to initiate the withdrawal process and access your earnings with ease.

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