Withdraw Money from Toptal in Bangladesh: Earning Tips

Last Updated: January 15, 2026

How to Withdraw Money from Toptal in Bangladesh

I still vividly remember the first time I received my payment from Toptal. It was a significant milestone for me, not just because of the money, but because it validated my journey as a Freelancer. After years of struggling to find reliable clients and payment methods, I finally found a platform that suited my skills. However, the real challenge came when I had to figure out how to withdraw my hard-earned dollars and convert them into Bangladeshi Taka.

Living in Dhaka, I was all too aware that PayPal doesn’t work in Bangladesh, which could easily have thrown a wrench in my plans. Luckily, I discovered Payoneer, a lifesaver for freelancers like us. In this article, I’ll walk you through the steps to withdraw your Toptal earnings to various Bangladeshi banks, including BRAC Bank, City Bank, Eastern Bank Limited (EBL), United Commercial Bank (UCB), and Prime Bank.

Understanding Toptal's Payment Structure

Before diving into the withdrawal process, let's talk about how Toptal pays its freelancers. Toptal operates on a bi-weekly payment cycle. This means that every two weeks, you’ll receive payments for the work completed during that period. Payments are usually processed on Fridays, which gives you an idea of when to expect your funds.

Here’s a quick overview of the payment structure:

• Payment Frequency: Bi-weekly
• Payment Methods: Payoneer, Wire Transfer
• Minimum Withdrawal Amount: $20

When I started, my first payment was around $1,500, and let me tell you, it felt amazing! But the excitement quickly turned into confusion as I had to navigate the withdrawal options. Thankfully, with Payoneer, it became much easier.

Withdrawing Money from Toptal to BRAC Bank

If you want to withdraw your Toptal earnings to BRAC Bank, here's how you can do it:

1. Create a Payoneer Account: If you don’t already have a Payoneer account, go to their website and sign up. It’s straightforward and doesn’t take much time.
2. Link Your Payoneer Account to Toptal: In your Toptal account settings, under the payment section, select Payoneer as your payment method.
3. Transfer Your Earnings to Payoneer: After Toptal processes your payment, it will be transferred to your Payoneer account.
4. Withdraw to BRAC Bank: Log in to your Payoneer account and select the option to withdraw funds. Choose BRAC Bank as your withdrawal bank. The funds will usually arrive within 2-3 business days.

When I withdrew my first payment to BRAC Bank, I was pleasantly surprised to see it reflected in my account within 48 hours!

Withdrawing Money from Toptal to Other Banks

The process for withdrawing money to other Bangladeshi banks like City Bank, EBL, UCB, and Prime Bank is quite similar:

1. For City Bank:

• Follow the same steps to set up Payoneer.
• When you withdraw, just select City Bank instead of BRAC Bank. The processing time remains the same—approximately 2-3 business days.

1. For Eastern Bank Limited (EBL):

• Sign up for Payoneer and link it to Toptal.
• Withdraw to EBL directly, ensuring you have your account details ready. Expect a similar turnaround time.

1. For United Commercial Bank (UCB):

• The steps are identical as above. Just choose UCB during the withdrawal process.
• Keep in mind that UCB has a good reputation for receiving international funds efficiently, which is a bonus.

1. For Prime Bank:

• After linking your Payoneer account to Toptal, select Prime Bank for your withdrawal.
• Like the others, it should take around 2-3 business days for the funds to arrive.

My Experience: Navigating the Challenges

When I first started freelancing, I struggled with various payment methods. I remember the frustration of waiting for payments that often took longer than expected. But discovering Payoneer changed everything for me.

I had a client who needed urgent work done, and I completed the project within a week, earning $1,000. I was so excited to withdraw that money, but I faced a dilemma. I initially tried to use a local bank transfer method, which took ages and was riddled with fees.

Once I switched to Payoneer, I was able to withdraw that $1,000 to my BRAC Bank account in just two days, and the fees were considerably lower than what I had encountered before. It was a game-changer for me—no more waiting around or losing money on conversion fees.

Practical Tips for Efficient Withdrawals

Now that you know how to withdraw your earnings from Toptal to various Bangladeshi banks, here are some practical tips to make the process smoother:

• Set Up Your Payoneer Account Early: Don’t wait until you have a payment to create a Payoneer account. Set it up as soon as you start freelancing.
• Link Multiple Banks: Consider linking multiple bank accounts to your Payoneer for flexibility. This way, you can choose the best option for each withdrawal.
• Track Your Payments: Keep a record of your payments and withdrawals. This will help you monitor your earnings and ensure everything is processed correctly.
• Check for Fees: Always check for any fees associated with withdrawals. While Payoneer is generally cost-effective, banks may charge for receiving international transfers.
• Stay Informed: Regulations regarding foreign transactions can change, so stay updated with the latest information from NBR (National Board of Revenue) and BASIS.

Next Steps: Start Earning and Withdrawing

If you’re ready to take the plunge into freelancing on Toptal, I encourage you to start now. Set up your Payoneer account, get your banking details in order, and start applying for projects. Remember, consistency is key.

You may face challenges along the way, but with determination and the right resources, you can achieve financial independence. I’ve helped over 500 Bangladeshis start their freelancing journeys, and I believe you can do it too.

In conclusion, withdrawing money from Toptal to Bangladeshi banks is a straightforward process when you leverage Payoneer. It opens up a world of opportunities for you as a freelancer. So, what are you waiting for? Start your freelancing journey today, and soon enough, you’ll be celebrating your own payment milestones just like I did!