What is the service retainer?

The service retainer you are required to provide serves as financial protection for WeWork in the event of any unpaid balances associated with your account. It’s a standard practice for all members and it will be returned to you at the end of your membership agreement.

The service retainer amount is determined based on your monthly membership fee, office location and your payment method.

Please note that switching payment methods may result in an adjustment to the service retainer we require to keep on file.