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Withdraw Your Funds from Deel to Local Currency and Save on Fees

Santiago Coates

May, 28, 2024

5 min. reading

Remote work is becoming increasingly popular. You probably know many people who already receive their salaries through various platforms. One platform that has gained quite a bit of popularity is Deel, as many people are receiving their salaries in U.S. dollars through this platform.

However, remote employees have one thing in common: they get paid in dollars, but they don’t have easy ways to access their funds and make them available for use, that is, convert them to local currency. Generally, this involves additional costs and intermediaries, which is a problem for freelancers or digital entrepreneurs.

If you have that friend who works for a company abroad, or if you are that person familiar with Deel, this blog post will be very useful as we will show you how you can use Airtm’s US Virtual Account to withdraw your funds from Deel and convert them to local currency with the best possible fees, saving time, money, and effort.

What is Deel?

Platforms like Deel have revolutionized how employees and contractors receive their payments. Deel is an HR platform designed to facilitate the management of payments and contracts for remote employees and freelancers worldwide. It allows companies to pay their workers in U.S. dollars, simplifying financial management in an increasingly globalized market.

The Solution for Global Remote Workers

To make life easier for remote workers, Airtm offers a US Virtual Account that allows you to withdraw directly from Deel, avoiding intermediaries and reducing costs. This virtual account provides you with a virtually U.S. bank account number, making it easier to receive and manage payments in U.S. dollars.

How Does Airtm’s US Virtual Account Work?

Airtm’s US Virtual Account allows you to access your earnings more efficiently and with lower fees. The process is simple:

  1. Set up your US Virtual Account on Airtm: Add this account as your payment method on Deel.
  2. Receive your payments directly on Airtm: Benefit from faster conversions and withdrawals.
  3. Enjoy lower fees: The transaction fee is only 1.75% per transaction.

Step-by-Step Guide to Start Receiving Your Funds on Airtm

On Airtm:

  1. Log into your Airtm Account:
    • Access your account at airtm.com.
  2. Set up your US Account:
    • Click on “US Account” in the menu and follow the instructions.
  3. Accept the Terms and Conditions:
    • Read and accept the terms and conditions of the provider Bridge Ventures Inc.
  4. Verify your Identity:
    • Follow the provided instructions to verify your identity.
  5. Get your US Virtual Account Information:
    • This way, you will get the necessary details to set up your payment method on Deel.

On Deel:

  1. Set up your Payment Method:
    • When setting up your payment method on Deel, choose the bank transfer option.
  2. Enter your US Virtual Account Information:
    • Provide the details of your Airtm US Virtual Account.
  3. Select your US Virtual Account:
    • Make sure to select this account to receive your payments directly on Airtm.

Deel + Airtm: Convenience and Savings

Once you have set up your US Virtual Account on Airtm, you can enjoy the convenience of transferring your earnings directly from platforms like Deel, benefiting from lower fees. This not only saves you money but also time by simplifying the currency conversion process.

Flexibility, Simplicity, and Convenience

The flexibility to withdraw your funds is unmatched: once converted to digital dollars on Airtm, you can access them through more than 500 payment methods, including local banks, digital wallets, and cryptocurrencies. With so many options available, you can choose the most convenient way for you to manage your money.

In conclusion, using Airtm’s US Virtual Account is an ideal solution for remote workers who receive their payments through Deel. This account not only facilitates direct access to funds in U.S. dollars but also significantly reduces fees.

With Airtm, you can convert your earnings to local currency efficiently and economically, saving time and money. Additionally, the flexibility to withdraw your funds through a wide variety of payment methods allows you to manage your money in the way that best suits your needs. Simplify your finances and optimize your savings with Airtm’s US Virtual Account.

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