Yes, you can transfer money from Skrill to a bank account, but the method and speed depend on your account type and location

Skrill is a digital wallet and payment platform that holds money in an online account. To move that money to a traditional bank account, you use Skrill's withdrawal feature, which connects to your bank through either a direct bank transfer or a debit card. The transfer itself takes 1 to 5 business days once Skrill processes your request, though the exact timeline varies by your bank and country.

The key constraint is that Skrill must verify your identity and your bank account before you can withdraw. This verification happens once, when you first set up the transfer method. After that, you can move money whenever you want, up to your daily and monthly limits.

Key Takeaways

  • Skrill transfers money to your bank account through a direct bank transfer, which typically takes 1 to 5 business days and costs a small fee.
  • You must verify your bank account details and provide identity documents to Skrill before your first withdrawal.
  • Daily and monthly withdrawal limits depend on your account verification level and location, and Skrill charges a percentage fee on each transfer.
  • If your transfer does not arrive within 5 business days, contact Skrill support with your transaction reference number to trace the payment.

How to set up a bank transfer from Skrill

Log into your Skrill account and go to the Withdraw section. Select "Bank Transfer" as your withdrawal method. Skrill will ask you to enter your bank account number, routing number (in the US) or IBAN (in Europe and other regions), and the name on the account. The name must match the name on your Skrill account exactly.

Skrill then sends a small test deposit to your bank account—usually between 0.01 and 0.10 in your local currency. This deposit arrives within a few days. When it does, log back into Skrill and confirm the amount of the test deposit. This confirms that you own the bank account and that the routing information is correct. Only after you confirm the test deposit can you withdraw real money.

Keep your bank account details private. Do not share your routing number or account number with anyone except Skrill, and only through the official Skrill website or app—never through email or a link someone sends you.

Fees and withdrawal limits

Skrill charges a fee on every bank transfer withdrawal. The fee is a percentage of the amount you withdraw, and it varies by country and account type. In most cases, the fee ranges from 2% to 3% of the transfer amount, with a minimum fee of around 1 to 2 in your local currency. Skrill displays the exact fee before you confirm the withdrawal, so you know the cost before money leaves your account.

Your daily and monthly withdrawal limits depend on how much you have verified your identity with Skrill. A basic account may have a daily limit of 500 to 1,000 and a monthly limit of 5,000 to 10,000. If you provide additional documents—such as a government ID, proof of address, and bank statements—Skrill raises these limits significantly. Check your account settings under "Limits" to see your current daily and monthly caps.

If you need to withdraw more than your limit allows, you can either wait until the next month or request a higher verification level by uploading the required documents.

How long the transfer takes

After you request a withdrawal, Skrill processes it within 24 hours on business days. Once Skrill sends the money to your bank, your bank takes 1 to 4 additional business days to credit your account. In total, expect the money to arrive within 2 to 5 business days from the time you request it. Weekends and public holidays do not count as business days, so a withdrawal requested on Friday may not arrive until Wednesday or Thursday.

Some banks are slower than others. If your bank is small or operates in a country with slower payment infrastructure, the transfer may take the full 5 business days. Large banks in developed countries usually process the transfer in 1 to 2 business days.

Skrill sends you a confirmation email with a transaction reference number as soon as it processes your withdrawal. Save this number. If the money does not arrive within 5 business days, you will need it to contact Skrill support and trace the payment.

What to do if your transfer does not arrive

If 5 business days have passed and the money is not in your bank account, log into Skrill and find the transaction in your withdrawal history. Note the transaction reference number and the exact amount and date of the withdrawal. Then contact Skrill support through the Help section of the app or website.

Provide Skrill with the transaction reference number, the amount, the date you requested the withdrawal, and your bank account details. Skrill will check whether the money was sent to your bank and whether your bank received it. If Skrill sent the money but your bank did not receive it, Skrill can request that your bank investigate. If your bank received the money but did not credit your account, your bank is responsible for fixing the error.

In rare cases, Skrill may reverse the withdrawal if it was sent to the wrong account or if there was a system error. If that happens, the money returns to your Skrill balance within a few days, and you can try the withdrawal again with corrected details.

Alternative: Skrill debit card withdrawal

Instead of a bank transfer, you can withdraw money from Skrill using a Skrill debit card. Skrill issues a Mastercard debit card that you can use to withdraw cash from ATMs worldwide. The card also lets you spend money directly at merchants that accept Mastercard. There is usually a small fee to order the card, and ATM withdrawals carry a per-transaction fee.

The debit card is faster than a bank transfer if you need cash immediately, since you can withdraw from an ATM the same day the card arrives. However, the card is not available in all countries, and ATM fees can add up if you withdraw frequently. Bank transfer is usually cheaper if you are moving a large amount of money and can wait a few days.

Frequently Asked Questions

Can I transfer from Skrill to someone else's bank account?

No. Skrill only allows you to withdraw to a bank account in your own name. The account holder name must match your Skrill account name exactly. If you want to send money to someone else, use Skrill's peer-to-peer transfer feature to send it to their Skrill account, and they can then withdraw it to their own bank account.

What if my bank account details change?

You can update your bank account details in the Withdraw section of Skrill at any time. If you change banks or get a new account number, remove the old account and add the new one. You will need to verify the new account with a test deposit before you can withdraw to it.

Does Skrill charge a fee if my withdrawal fails?

Skrill charges the withdrawal fee when you request the transfer, not when it arrives. If the transfer fails and is reversed back to your Skrill account, the fee is not refunded. You will need to pay the fee again if you request another withdrawal.

Can I withdraw to a joint bank account?

Most Skrill accounts do not allow withdrawals to joint accounts because Skrill requires the account holder name to match your Skrill name exactly. Contact Skrill support to ask whether your specific situation can be accommodated, but in most cases you will need to withdraw to an account in your name alone.

Is the bank transfer method available in my country?

Bank transfer is available in most countries, but some regions have limited options. Check the Withdraw section of your Skrill account to see which methods are available to you. If bank transfer is not an option, you may be able to use the Skrill debit card or other withdrawal methods available in your location.