How long does it take for Kraken to withdraw money to a bank card?

For SWIFT wire transfers, Kraken withdrawals to bank cards take around 3-5 business days to process.

Sep 27, 2024 at 05:06 pm

How Long Does it Take for Kraken to Withdraw Money to a Bank Card?

1. Overview

The processing time for Kraken withdrawals to bank cards varies depending on several factors.

2. SWIFT Wire Transfer (Standard)

• Processing Time: 3-5 business days

3. Real-Time Payments (Faster)

• Supported Banks: Barclays, Lloyds, and Santander
• Processing Time: Instant

4. Factors Affecting Processing Time

• Bank: The bank's processing speed and availability.
• Weekend and Holidays: Withdrawals initiated during non-business hours may be processed the next business day.
• Transaction Amount: Larger withdrawals may take longer to process.
• Verification and Security Measures: Kraken may initiate additional verification steps to prevent fraud or comply with regulations.

5. Additional Notes

• Kraken charges a flat fee of €0.99 for SWIFT withdrawals.
• Real-time payments are only available for GBP currencies.
• Once the withdrawal is processed by Kraken, it may take up to 24 hours for the funds to appear in your bank account.

6. Conclusion

Kraken withdrawal times to bank cards vary depending on the method used. SWIFT withdrawals take longer (3-5 business days), while real-time payments are instant (up to 24 hours for funds to appear in the account).