Yes, you can transfer money from Skrill to your bank account
Skrill is a digital wallet and money transfer service that holds your funds separately from a traditional bank. To move that money into your bank account, you use a feature called a withdrawal or bank transfer. The process takes a few days, costs a small fee, and requires you to verify your bank details with Skrill first.
The speed and cost depend on which country you're in and which bank you use. Some transfers arrive within one business day; others take up to five. Fees range from around 1% to 3% of the amount you're sending, though some withdrawal methods cost a flat amount instead.
Key Takeaways
- Skrill lets you withdraw money to a bank account you've already added and verified through your account settings.
- Bank transfers from Skrill usually take between one and five business days, depending on your bank and country.
- Skrill charges a withdrawal fee that varies by country and method — typically between 1% and 3% of the amount transferred.
- You must verify your bank account with Skrill before you can withdraw to it, which involves confirming small test deposits.
- If your withdrawal is declined, the most common reasons are an incorrect account number, a mismatch between your name and the account holder's name, or insufficient funds in your Skrill wallet.
How to add and verify your bank account in Skrill
Before you can withdraw money, Skrill needs to confirm that the bank account is actually yours. Log into your Skrill account on their website or app, go to the Wallet or Account section, and look for "Add Bank Account" or "Linked Bank Accounts." You'll enter your account number, routing number (in the US) or sort code (in the UK), and the name on the account exactly as it appears at your bank.
After you submit these details, Skrill sends two small deposits — usually between 1 and 3 dollars or pounds — to your bank account. This takes a few days. Once they arrive, you log back into Skrill and confirm the exact amounts of those deposits. This confirms that you control the account. Only after this verification step can you withdraw to that bank account.
Keep your bank statement or online banking login handy so you can see the deposit amounts quickly. Some banks show the amounts in the transaction description; others require you to look at the full transaction details.
The withdrawal process and how long it takes
Once your bank account is verified, go to the Withdraw or Send Money section of your Skrill account. Select "Bank Transfer" or "Withdraw to Bank Account," enter the amount you want to send, and confirm. Skrill will show you the fee before you complete the transaction, so you know exactly how much will arrive in your bank account.
After you confirm, Skrill sends the money to your bank. The time it takes depends on your bank's processing speed and your country. In the US and UK, most transfers arrive within one to three business days. In other countries, it can take up to five business days. Weekends and bank holidays don't count as business days, so a withdrawal you request on Friday afternoon might not arrive until Wednesday.
You can check the status of your withdrawal in the Transaction History or Activity section of your Skrill account. Once Skrill has sent the money, the status usually changes to "Completed" or "Processed," even if your bank hasn't received it yet.
Withdrawal fees and what they depend on
Skrill charges a fee for every bank withdrawal. The amount varies by country and the method you use. In many countries, the fee is a percentage of the amount you're withdrawing — typically 1% to 3%. In some places, Skrill charges a flat fee instead, like $5 or £3, regardless of how much you send.
Your country and bank type affect the fee. Withdrawals to a standard checking account usually cost less than withdrawals to a savings account or a business account. Some countries have higher fees than others because of banking regulations or currency conversion costs.
Before you confirm a withdrawal, Skrill always shows you the exact fee. If the fee seems high, you can cancel and try again later — the fee structure doesn't change day to day, but it's worth checking if you're moving a large amount.
Why a withdrawal might be declined or delayed
The most common reason a withdrawal fails is a mismatch between the name on your Skrill account and the name on your bank account. If your Skrill account says "John Smith" but your bank account is registered to "J. Smith" or "John Michael Smith," the withdrawal will be rejected. Contact your bank to confirm the exact legal name on the account, then update your Skrill profile if needed.
An incorrect account number or routing number will also cause a decline. Double-check both before you submit. If you're not sure of your routing number, your bank's website or a call to their customer service line will confirm it.
If your Skrill account doesn't have enough money to cover both the withdrawal amount and the fee, the transaction will be declined. Make sure your Skrill balance is higher than the amount you're trying to withdraw.
Sometimes a withdrawal is delayed rather than declined. This usually means your bank is taking longer to process it than expected, often because of a holiday, a system issue on the bank's end, or a large volume of transactions. If a withdrawal shows as "Completed" in Skrill but hasn't arrived in your bank account after five business days, contact Skrill's support team with your transaction ID.
Alternatives if you need the money faster
Bank transfers are the standard way to move money from Skrill to your bank, but they're not the only way. Some countries allow you to withdraw to a debit card instead of a bank account. This is sometimes faster — some cards receive the money within 24 hours — but the fee may be higher.
If you need cash when ready, you can use Skrill's ATM card feature in some countries. This lets you withdraw from an ATM using a Skrill-branded card, though you'll pay an ATM fee on top of Skrill's withdrawal fee.
Another option is to transfer your Skrill balance to a different digital wallet or payment service that your bank works with more quickly. However, this adds an extra step and may involve additional fees, so it's usually slower than a direct bank transfer.
Frequently Asked Questions
Do I have to verify my bank account every time I withdraw?
No. Once you've verified a bank account with Skrill by confirming the two test deposits, you can withdraw to that account as many times as you want without verifying again. If you add a new bank account, you'll need to verify that one the same way.
What if my bank account is in a different country than my Skrill account?
You can withdraw to a bank account in a different country, but Skrill may charge a higher fee for international transfers. Some countries have restrictions on which other countries you can send money to. Check Skrill's fee schedule for your specific country pair before you withdraw.
Can I withdraw less than the minimum amount?
Skrill usually has a minimum withdrawal amount, often around $10 or £10, though this varies by country. If you try to withdraw less, Skrill will show an error message. Check your account settings or contact Skrill support to confirm the minimum for your location.
What happens if I enter the wrong account number?
If the account number doesn't match a real account at your bank, the withdrawal will be rejected and the money will return to your Skrill wallet within a few business days. If the account number is correct but belongs to someone else, the money may go to that person's account, and you'll need to contact Skrill and that bank to recover it. Always double-check the account number before confirming.
Can I cancel a withdrawal after I've submitted it?
If the withdrawal is still in "Pending" status, you may be able to cancel it through your Skrill account. Once it changes to "Completed" or "Processed," Skrill has already sent it to your bank and you can't cancel it. If the money hasn't arrived after five business days, contact Skrill support with your transaction ID.