In a nutshell, this is what you need to know: As a contractor on Remote you can receive your contractor payments to your TransferWise account in USD, EUR or GBP. To receive the payments, you have to open balances in the currency of your choice on your TransferWise account and then add the currency-specific bank account details to your account on Employ.
Wondering what countries we are available in? See: remote.com/countries
- How do I add my TransferWise account to Remote?
- Opening a currency balance on your TransferWise account
- Adding the bank account details to Remote
- Are there any limitations?
How do I add my TransferWise account to Remote?
To receive your contractor payments through Remote to your TransferWise account you first have to open a balance in the currency that you wish receive the contractor payment in. At the moment, we support USD, EUR or GBP for contractor payments. We are working to add the remaining currencies (AUD, SGD, NZD, PLN and RON) that TransferWise allow you to get dedicated bank details for.
Opening a currency balance on your TransferWise account
To learn how to open a balance on your TransferWise account, see the following article: https://transferwise.com/help/articles/2978028/how-do-i-get-bank-details.
The short of is that you have to go to
Home on the app or on the website and then click
Open a balance. Then choose the currency you wish to open a balance for.
Adding the bank account details to Remote
Once you have obtained the bank account details from your TransferWise account, you can add them by navigating to
Personal details ➡️
Job & Pay and then change the currency to the one you wish to receive your contractor payment in.
Each local currency has different requirements, so you will be asked to enter different information based on that. For example, USD requires that you provide an account number and routing number while EUR requires IBAN and SWIFT/BIC code.
Are there any limitations?
Yes, there are some limitations.
We can currently only pay out in USD, EUR or GBP. We are working to add the remaining currencies (AUD, SGD, NZD, PLN and RON) that TransferWise allow you to get dedicated bank details for.
Whether you can get USD bank account details depends on your country of residence. See the following support article from TransferWise for details: https://transferwise.com/help/articles/2810318/why-cant-i-get-usd-account-details.
Interested in employing through Remote? Contact us: https://remote.com/contact-us