Articles on: Payments

Withdrawing to a Bank Account

goLance offers freelancers a way to withdraw their earnings straight to their bank accounts.

Understanding Bank Transfers

By choosing a bank method withdrawal, your goLance earnings are transferred directly into your bank account via different payment networks. This withdrawal method could either be a local or wire transfer. The difference between local or wire is where the money is converted. Money may be converted to your local currency before it reaches your bank, or after it reaches your bank. However, we will display the amount that will be received in your account when you choose to withdraw. This could either be the exact amount or an estimate.

Relevant Information About Bank Withdrawals

goLance Fee:
There is a standard $2 USD per transaction.

Payment Network Fee
This amount can vary but can be between $7 to $65 per transaction.

Receiver's Bank's Currency Conversion Rate / Fee
The fees can range between $0 to $50 per transaction, but can be even higher in some cases. This is determined by your bank and goLance has no say on this.

Time to Withdraw
Up to 5 business days. The time can vary from withdrawal to withdrawal, as we use different networks to get you the best rate. Some are faster than others.

Generally low and predictable costs.
Goes directly to your bank account.

Longer time to process compared to some other methods.

When to Use
This is the best method overall. We recommend you use it if it is supported in your country.

Countries Available for Bank Transfers:
Countries and banks that work and are supported by the Swift network as well as:
Andorra (EUR), Argentina (ARS), Australia (AUD), Austria (EUR), Bangladesh (BDT), Belgium (EUR), Bolivia (USD), Brazil (BRL), Bulgaria (EUR, BGN), Belarus (BYN), Canada (CAD), Switzerland (EUR, CHF), Chile (CLP), China (CNY), Colombia (COP), Cyprus (EUR), Czech Republic (CZK, EUR), Germany (EUR), Denmark (DKK, EUR), Dominican Republic (DOP, USD), Ecuador (USD), Egypt (EGP), El Salvador (USD), Estonia (EUR), Finland (EUR), France (EUR), Gibraltar (GIP), Greece (EUR), Honduras (HNL), Hong Kong (HKD), Haiti (USD), Hungary (HUF, EUR), Ireland (EUR), Israel (ILS), India (INR), Indonesia (IDR), Iceland (ISK, EUR), Italy (EUR), Japan (JPY), Kenya (KES), Republic of Kosovo (EUR), Latvia (EUR), Lichtenstein (EUR), Lithuania (EUR), Luxembourg (EUR), Monaco (EUR), Malaysia (MYR), Malta (EUR), Martinique (EUR), Mexico (MXN), Monaco (EUR), Netherlands (EUR), Norway (NOK, EUR), Nepal (NPR), Peru (PEN), Pakistan (PKR), Philippines (PHP), Poland (PLN, EUR), Portugal (EUR), Réunion (EUR), Romania (RON, EUR), Sweden (SEK, EUR), San Marino (EUR), Singapore (SGD), Slovakia (EUR), Slovenia (EUR), South Africa (ZAR), Spain (EUR), Sri Lanka (LKR), Sweden (SEK, EUR), Thailand (THB), Turkey (TRY, EUR), United Arab Emirates (AED), United Kingdom (GBP, EUR), United States (USD), Uruguay (UYU), Venezuela (VEF), Vietnam (VND).

How to Add a Bank Withdrawal Method

First log into your goLance account and navigate to your goWallet. Click on "Add a Payment Method"

Select "Withdrawal"

Choose the method, "Bank Account".

Fill in your banking details and click "Add Bank Account". Your payment method may need to be approved first but soon you will see a successful payment method has been added to your account.

Alternative Ways of Withdrawing Money

goLance also offers other ways to withdraw money, including:
USD Tether

Did We Answer Your Questions?

If you feel that this article has not answered your question, please leave some feedback below so that we can work on it further to answer your questions. Otherwise feel free to leave a thumbs up!

Updated on: 14/03/2023

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