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I+(8̴8̴8̴_2̴2̴9̴_7̴5̴6̴I) How long does Kraken take to transfer to bank?

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Last updated 6 days ago

How Long Does Kraken Take to Transfer to Bank? – Your Quick Guide

Sending money from **Kraken** to your bank account is something many traders and investors need to do. But, the time it takes can depend on where you are, how you decide to get your money, and how fast your bank works.

Here's what we'll cover:

✅ **Withdrawal methods & how long they take**

✅ **Simple steps for withdrawing**

✅ **Reasons for delays & avoiding them**

✅ **Common questions about bank transfers with Kraken**

1. Withdrawal Methods & How Long They Take

Kraken lets you withdraw funds in multiple ways, and the time it takes varies:

A. Bank Transfers (Wire Transfer / ACH / SEPA / Faster Payments)

| **Method** | **Time** | **Fees** |

|------------|----------|----------|

| **SEPA (EUR)** | 1-3 business days | €0.25 |

| **Faster Payments (GBP)** | Usually within hours | Free |

| **SWIFT / International Wire (USD, EUR, etc.)** | 1-5 business days | Varies ($4-$35) |

| **ACH (USD)** | 1-3 business days | Free |

B. Cryptocurrency Withdrawals (Another Option)

If you want your funds faster, you can:

- Sell crypto and withdraw via Faster Payments (if available).

- Move crypto to another exchange that allows quick withdrawals.

2. Steps to Withdraw from Kraken to Your Bank

Step 1: Log In & Verify Your Account

- Make sure your **Kraken account is verified** (Intermediate or Pro level to withdraw fiat).

- Link your **bank account** under **Funding → Bank Accounts**.

Step 2: Start Your Withdrawal

1. Go to **Funding → Withdraw → Select Currency (USD, EUR, GBP, etc.)**

2. Pick your **bank account** or add a new one.

3. Enter the **amount** and confirm.

Step 3: Wait for Processing

- Kraken handles withdrawals **once a business day** (around 3 PM UTC).

- After that, your bank might take extra time to add the funds.

3. What Causes Withdrawal Delays?

Here are some common reasons:

🔹 **Bank processing times** (especially for SWIFT/wire transfers).

🔹 **Weekends & holidays** (banks don’t handle transfers then).

🔹 **Security checks** (big withdrawals might need a closer look).

🔹 **Wrong bank info** (always double-check your IBAN/SWIFT).

How to Speed Up Withdrawals

✔ Use **Faster Payments (GBP) or SEPA (EUR)** for quicker options.

✔ Withdraw on **business days** (Monday to Friday).

✔ Ensure your **account is fully verified**.

4. Withdrawal Fees

| **Method** | **Fee** |

|------------|---------|

| **SEPA (EUR)** | €0.25 |

| **Faster Payments (GBP)** | Free |

| **ACH (USD)** | Free |

| **SWIFT (USD/EUR)** | $4-$35 (depends on bank) |

*Keep in mind: Some banks might have extra fees.*

5. Frequently Asked Questions (FAQ)

Q1: Why hasn’t my withdrawal from Kraken arrived?

A: Check if:

- Kraken has processed it (look at **Funding → History**).

- Your bank is slow (get in touch with them if it’s been over 5 business days).

Q2: Can I cancel a withdrawal?

A: **Only if it's pending.** After processing, you need to wait or reach out to support.

Q3: Are there limits on withdrawals from Kraken?

A: Yes, limits depend on:

- **Verification level** (Intermediate/Pro).

- **Payment method** (like SEPA vs. SWIFT).

Q4: Does Kraken have instant withdrawals?

A: Only **Faster Payments (GBP)** are nearly instant. Other methods take 1-5 business days.

Q5: What’s the quickest way to cash out?

A: **Sell crypto and withdraw using Faster Payments (GBP) or SEPA (EUR).**

6. Troubleshooting Withdrawal Issues

| **Issue** | **Solution** |

|-----------|--------------|

| **Withdrawal Pending for too long** | Talk to Kraken Support. |

| **Bank rejected the transfer** | Check your bank info & try again. |

| **Missing funds after withdrawal** | Verify transaction ID with your bank. |

7. Wrap Up: How Long Does Kraken Take to Transfer to Bank?

- **Fastest:** **Faster Payments (GBP)** – Hours

- **Medium:** **SEPA (EUR), ACH (USD)** – 1-3 business days

- **Slowest:** **SWIFT / Wire Transfer** – 1-5 business days

To reduce delays:

✅ Use the **fastest option** for your currency.

✅ Withdraw on **business days**.

✅ Double-check **bank information**.

Final Thoughts

Kraken’s withdrawal times are pretty good, but it's smart to plan ahead if you need your cash quickly. For the quickest access, go for **Faster Payments (GBP) or SEPA (EUR).**

Related Articles

**Need help?** Reach out to [Kraken Support]).

Visit Help Center Page
(https://support.kraken.com
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