Update: I do not use Skrill anymore, nor do I recommend it as a payment method. We have other alternative payment grabbing systems now, like Payoneer, Wise, Direct bank transfer, etc. Skrill is mostly used by online gamblers now.
It’s been quite a hassle and confusing for Bangladeshi people to withdraw money with Skrill. Freelancers and other online entrepreneurs are looking for a good alternative to PayPal in BD. Though we can use the Payoneer card- the charge is a little bit higher and the conversion rate is not always good.
If you withdraw a good amount with a Payoneer card then you might get a good conversion rate. But still, it is costly. So, Skrill. can be your solution.
If you are working on oDesk or another freelancing site that supports Skrill. then you can use that as a withdrawing method. The process is simple.
01. Register an account with skrill.
02. Verify your address with mail verification. You can have the verify link in your Skrill dashboard.
03. Attach a bank account by its SWIFT code and your bank account number. You must have a bank account in any BD bank for that.
04. Now withdraw money in your Skrill account from UpWork or other freelancing sites.
05. Then when the fund is available in your Skrill account, withdraw the fund to your local bank.
You are done, it will take 4-7 days to reach the money in your bank account in Bangladesh.
Some Tips:
01. Try to have a bank account in City Bank, BRAC Bank or Dutch Bangla Bank limited, they deal faster.
02. I have transferred in my BRAC bank’s account & I have heard some rumor that sending money to DBBL is kinda charge more.
03. I got the full amount in the market rate for dollars. Normally with a Payoneer account, this is not possible.
04. Swift code for BRAC Bank is: BRAKBDDH and for DBBL is: DBBLBDDH . You do not need to put more than that in Skrill. while attaching a bank account. I mean with the area codes.
05. Please verify your mailing address first, then withdraw money.
06. All the other bank’s swift codes can be found here: http://www.theswiftcodes.com/bangladesh/. Though I am not sure about other bank supports transferring money in this way, normally they should.
07. In total I spent $3.42 to withdraw from my Skrill account. That’s cheaper than any other method I can use.
So Skrill can be a great solution for Bangladeshi freelancers and I hope you won’t face any difficulties withdrawing money into your bank account. You needn’t go to the bank for a single time. Just use your card to withdraw from ATM once it is loaded into your local bank account.
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The last time I have been charged around $14 after the transfer receives in my BRAC Bank account. I contacted with the BRAC Bank and they said they have no hidden charges.
Moneybookers said- they also do not have charges more than they took during the transfer, but the intermediary banks they use for the transfer may charge some amount.
Still it’s a mystery to me as the first three transfer was OK with no extra charges but the fourth transfer cost me more.
Hey Rony, thank you for this article, it will be helpful for many freelancers. It’s true, payoneer charges very high fees, this is why I tend to withdraw higher amounts when I do.
I tried skrill with Sonali Bank. The first withdrawal is also verifies the bank account. I did everything right and the minimum was $15 to withdraw.
1 week later I went to the bank to check the status, they said they didn’t received any money. From that time, I didn’t even checked the account. The money just vanished in thin air.
That’s odd. The money can’t just vanished. Someone might have took it on the way. I do prefer DBBL and BRAC to the transfer. But sometime the intermediary bank that Skrill uses for the transfer charges 11 to 16 dollar per transaction.
Good information!! i think Standard chartered bank also process very fast.
Can you tell me how can I add Bank Acc in Payza (Alertpay)?
Is there any article?
I am going to talk about Payza in the future. stay tuned.
Hello,
Your post is quite helpful for starters. However, I am having an issue with MoneyBookers withdrawal to Brack Bank. Since the last 4 months, whenever I withdraw funds to Brack Bank using MoneyBookers, a flat fee of $15 is being charged.
I inquired both the bank and MB, but both of them said its a charge by an intermediary bank. I thought the charge isn’t going to be constant, but that’s not the case as it has been consistent since the past 4 months– every time I am paying $15. I am using MB since 2009, and always received exact withdrawn amount to my Brac bank a/c.
Was your recent withdrawal to Brac Bank charged too?
I was wondering, if opening an account at Standard Chartered would resolve the issue. Logically, Brac Bank is a local bank and SCB is an international bank, so intermediary charges seem more unlikely. What is your say on SCB? Any past experience?
I will be waiting for your response.
Thanks.
Brother you can blaim JP Morgan :). If you are withdrawing more than 90$ at a time from moneybookers you will most probably charged the $15.
Better, if you are transferring less than $300 or $400 – do transfer in amount less than $90. See if they still charge you the $15. Brac bank is not charging you or even moneybookes. It is the intermediary banks that they have to use.
So, the general idea is transfer all your money from oDesk or some other place into moneybookers all at once. But then, when you are doing bank transfer from moneybookers- make it small amount. I know you will charge $2.32 every time, but still it will be less than the $15- if you transfer less than $400.
If you transfer more than $400 then do the transfer normally.
Withdrawals in $90 is not cost-effective for me as I withdraw monthly.
Do you have any idea about Standard Chartered Bank?
“I was wondering, if opening an account at Standard Chartered would resolve the issue. Logically, Brac Bank is a local bank and SCB is an international bank, so intermediary charges seem more unlikely. What is your say on SCB? Any past experience?”
Thanks.
Haven’t tried SCB, But I believe SCB or BRAC has nothing to do with the $15 Charges.
DJ Rony, why have you edited my above comment that mentioned the J.P. Morgan issue?
As a professional blogger, you shouldn’t edit and remove an important information shared by a reader.
Never mind! The question in my comment never got answered by you.
:( not understanding what you are talking. you answered one of my reply and now you are seeking something to fight??? Fight with me???? lol bro….:) Chill. I do not discovered JP Morgan issue by me. I have to read it in other blog and somewhere in one of facebook’s oDesk group.
And I asked my friend Aumi to deliver me the info about JP morgan. He described me how the financial history of Morgan started and what they do. :) Do your homework brother.
And moreover have you read the very first comment on this thread? I was facing the problem like you and it is not you who said JP Morgan :). If so.. and I have edited your comment then why would I publish these comments of yours pointing and blaming me?
I have a agrani bank account.can i use it to withdraw money?
If i open another brack bank account what kind of account do you prefer?
BTW i am only 17 years old.
I do not know about Agrani Bank. Brack Bank would be good. Saving or current savings as you prefer.
Hello,
I have received $25 in my local brack bank account(brack bank inquiry section told me) but not added.Now which department of the brack bank I should talk to?
thanks
Ashik
I also asked them same question but didn’t answer.If you have answer then please let me know.
Go to your bank and ask in the customer service desk. Normally it should be added within 3 days.
This is my first time.If this is OK for now then can I transfer money a little bit higher amount from Brack bank without doing this again?
Hello… I have opened a freelancer account recently, and also a skrill account, but really don’t know what to do to get started with my freelancer account. My freelancer Payment Breakdown section shows deposit amount $30.00. Can i add EBL account to get started? Do i need dual currency credit card account for dollar payment? When i accept a project from employer, do their payment gets into my debit EBL accout? Many thanks.
To get payment from any online site, if that supports local fund transfer, you can use any BD bank account. You do not need to get a credit card or duel currency card for that.
Thanks for your reply DJ RONY. So usually in freelancer.com account we get paid in USD in Bangladesh? Does it gets converted to BDT if we transfer it to our BD bank account? Thanks again
Yes, it will be converted into BDT.
Hello Rony bro, very informative article. In my Skrill account, it shows that “no wire-transfer deposit or withdrawal is allowed in USD”. So how do I withdraw money from Skrill? Is your suggested way still valid even now, as the article was written a few years ago?