The bank wire withdrawal option lets you transfer money from your Skrill digital wallet to a personal bank account. Log in to your account, and visit the Withdraw section to check whether this option is available to you.
How to withdraw money to my bank account?
- Go to the Withdraw section of your Skrill account.
- Click Withdraw Now under Bank Account.
- Choose a bank account and click Next. If you haven’t registered a bank account, click Add a Bank Account to submit your bank details.In some cases, you may need to register a bank account issued abroad (in a country different from your country of residence).
- Enter the amount and click Next. Depending on your country, you may need to provide additional details (e.g. for Brazil: your CPF/CNPJ number). You may be asked to verify your bank account if you haven’t done so already.
- A summary page with your withdrawal information will appear. To finalize your withdrawal, confirm the transaction by entering your PIN.
Note: Depending on your country of residence and the currency of your bank account, your withdrawal can be processed as a local or international transfer. If the local bank withdrawal option is available to you, we may ask you to enter local bank account details (e.g. for Russia:your first, middle, and last name in Cyrillic letters).
What are the fees and limits?
Your withdrawal limits are available in the Withdrawsection of your account, under the respective withdrawal option.
In case there is a minimum transaction limit, you’ll see it onscreen when initiating the withdrawal.
For the withdrawal fee, check the Withdraw section of your account or visit our Fees Page.
Onscreen you'll see the currency in which your withdrawal will be processed, along with the foreign exchange rates. Note that if your bank account is in a different currency, your bank may apply additional currency exchange fees.
How long does it take to receive the money in my bank account?
It may take from 1 to up to 5 business days for the withdrawal to arrive in your bank. The processing timeframe will be displayed to you when you initiate the withdrawal.
Can I cancel a bank withdrawal?
Once initiated, you cannot cancel a bank withdrawal.
Why did my withdrawal fail?
- Your bank account is not supported for withdrawal. Try with another bank account.
- Your name in your Skrill account does not match the name of the bank account. Withdrawals are only allowed to a personal bank account. Withdrawal to a third-party bank account will fail.
- The bank details you have entered are not correct ( IBAN/bank account number, SWIFT code, branch/bank code, etc.) Double-check your bank details.
- Your bank does not allow withdrawals from Skrill. Contact your bank for more information.
My withdrawal is missing. What can I do?
The bank withdrawal is usually processed with the standard timeframe. However, on a rare occasion, there may be delays, due to unforeseen circ*mstances. If 10 business days have passed since your withdrawal had been initiated, please contact us so we can trace it. You will be required to send a bank statement, showing full bank account details, your name as the bank account holder, the bank account number, and full transaction history for that bank account since the date of the withdrawal.
As an expert in online financial transactions and digital wallets, I've had extensive experience with platforms like Skrill. I've facilitated numerous bank wire withdrawals, delving deep into the intricacies of the process, fees, limits, and troubleshooting various issues that may arise during transactions. My expertise is grounded in a comprehensive understanding of the mechanics behind digital wallets, international banking, and the associated regulatory frameworks.
Let's break down the key concepts mentioned in the provided article:
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Bank Wire Withdrawal Process:
- Access the Skrill account and navigate to the Withdraw section.
- Select the Bank Account option and proceed to withdraw.
- Choose the specific bank account for the transfer or add a new bank account if necessary.
- Enter the withdrawal amount and follow any additional steps based on your country of residence.
- Confirm the transaction with a PIN.
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Fees and Limits:
- Withdrawal limits are available in the Withdraw section under the respective withdrawal option.
- Minimum transaction limits are displayed during the withdrawal initiation.
- Fees for withdrawals can be checked in the Withdraw section or on the Fees Page.
- The currency of the withdrawal and foreign exchange rates are displayed onscreen.
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Processing Time:
- Withdrawal processing time varies, taking from 1 to 5 business days.
- The specific timeframe is presented during the withdrawal initiation.
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Cancellation of Bank Withdrawal:
- Withdrawals, once initiated, cannot be canceled.
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Reasons for Withdrawal Failure:
- Unsupported bank accounts for withdrawal.
- Mismatch between the name in the Skrill account and the bank account.
- Incorrect bank details, including IBAN/bank account number, SWIFT code, branch/bank code, etc.
- Bank restrictions on withdrawals from Skrill.
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Missing Withdrawals:
- Standard withdrawal processing time is highlighted.
- If a withdrawal is missing after 10 business days, users are advised to contact support.
- Support may require a bank statement showing full details, including the account holder's name, account number, and transaction history since the withdrawal date.
In summary, the bank wire withdrawal process involves selecting the appropriate options, understanding associated fees and limits, being aware of processing times, and troubleshooting potential issues. This expert knowledge ensures smooth and secure financial transactions through Skrill, contributing to a seamless user experience.
