If you have recently opened a digital account on Skrill, but don't know how to transfer money to your bank account, don't worry, with just a few steps you will be able to transfer your money; Keep reading this post where we will explain how to easily withdraw or transfer money from Skrill to your bank account.
Steps to transfer money from Skrill to a bank account
When you receive money in your Skrill digital account, you are not charged any kind of commission, but when you transfer money from your Skrill digital account to your bank account, you will be charged a commission fixed for each transaction, that is, no matter if the amount you transfer is high or low, it will always be the same rate.
It is important that you verify your Skrill account before making any transactions so that you can receive and transfer large amounts of money. Bank accounts you register with Skrill must be personal, i.e. the holder's name must match the Skrill account holder.
- Go to the official Skrill page.
- When you are on the official page, log into your Skrill account by entering your email or mobile number and password.
- Once inside your account, go to the side menu located on the left side of the screen and select the "Withdraw" option.
- Now you will see the «Withdraw» section on the screen where you will find different options to withdraw such as a bank account, a mobile wallet or send to an email or a mobile phone; but mostly you find the bank account option (the account was registered when you opened your account).
- Click on the option "Withdraw now" under the phrase bank account.
- In this new section you will see the bank accounts that you have previously registered. But if you want to use another account that you haven't registered, you can click the option «+ Add bank account» which is located under the bank accounts you have registered.
- Choose the bank account you want to transfer your money to and click «Next».
- In the next section you have to first write the amount you want to withdraw, secondly choose the type of document you will use to validate the transaction and thirdly write the number of the document you have selected. To continue with the process, click «Next».
- You will now see the summary of the transaction you are about to make, confirm that the details are correct and verify the amount of commission Skrill will charge you for the transaction. You will also be charged a fee for exchanging money in the country's currency.
- After checking all the data, click on «Confirm».
- A pop-up window will appear on the screen where you need to enter your pin 6-digit to confirm the transaction (this pin was created when you opened your Skrill account). Click on «Confirm».
- Your money has been successfully sent to your bank account and will be paid within 1-5 business days.
Details to keep in mind when using Skrill
- You can also withdraw your funds via VISA, MasterCard or a mobile wallet, but these options are not available in all countries.
- If you want to transfer your money to other digital wallets such as PayPal or Payeer, you must use an intermediary that allows you to receive and send money between different wallets because you cannot do it directly; you can use for example the AirTM platform.
- When making withdrawals from Skrill to your bank account you need to keep in mind that you a commission will be charged for the exchange of dollars in the currency of the country; Therefore, it is not convenient to make withdrawals several times a day because you will spend a lot of money in commission, try to withdraw all the money you need in one transaction.
- Creating an account in Skrill is free, but keep in mind that if you don't log into your account even once a year you will need to pay a fee for inactivity.
Skrill is a great digital wallet that will allow you to receive and transfer money quickly and easily without having to spend a lot of money on commissions; you can also use its app to make any transaction from your mobile.
