Updated September 28, 2026 · VaultCue Editorial Team
monobank vs Skrill
Skrill
Higher score in this comparison
monobank
Where monobank and Skrill differ
| Compare | monobankReviewSee alternativesSee alternatives | SkrillReviewVisitVisit |
|---|---|---|
| Monthly fee | UAH 0 | €0 |
| Currency conversion fee | 0%Lower | 3.99% |
| Currencies | 3 | 47Higher |
| Transfer fee | 0 UAH for transfers to any IBAN account | Skrill to Skrill 2.99% (min EUR 0.50); Skrill Money Transfer by bank transfer zero fees; international transfer up to 4.99% incl. exchange rate mark-up |
| Licence type | Not confirmed | E money |
| Deposit protection | Not confirmed | EU DGS up to EUR 100,000 |
| Local account details | IBAN | Not confirmed |
| Free ATM withdrawals | UAH 50,000 | Not confirmed |
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Key differences
- Skrill is licensed in 2 more countries.
- Skrill is available in 3 more countries.
- Currency conversion fee is lower at monobank: 0% vs 3.99%.
- Currencies is higher at Skrill: 47 vs 3.
- Support channels: only monobank offers Chat.
- Audience: only monobank offers Freelancer.
- Audience: only Skrill offers Expats, Travelers.
- Pricing model: only monobank offers Fixed rate.
- Pricing model: only Skrill offers No monthly fee.
Our verdict on each
monobank
Monobank offers a headline rate of 16% with a business and freelancer account that costs nothing to run, which suits traders who can leave hryvnia alone for a set term. The trade-off is the minimum you must place and the lock-in, so anyone wanting same-day access should weigh an easy-access account.
Skrill
Skrill suits expats, travellers and businesses who want many currencies and no monthly charge, with the monthly fee at €0 and 47 currencies. The trade-off is the pace and cost of moving money: international transfers land in 24 - 72 hours and conversion costs 3.99% on top.
Score breakdown
| Area | monobank | Skrill |
|---|---|---|
| Cost | Not confirmed | 8.7Cost is the weak side: 3.99% to convert, a fee set on the amount sent for transfers, and a mark-up of 4.99% on international ones. |
| Offer | Not confirmed | 9.6Offer is strong: 47 currencies, EU deposit protection of EU DGS up to EUR 100,000 and support on help centre, email and phone. |
| Trust | Not confirmed | 8.9 |
Choosing between them
Pick monobank if currency conversion fee matter most.
Pick Skrill if currencies matter most.
Spending 1,000 abroad
monobank
0
0% of 1,000
Skrill
39.9
3.99% of 1,000
monobank comes out 39.9 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
How they place
| Ranking | monobank | Skrill |
|---|---|---|
| Business bank accounts | 452 of 563 | 7 of 563 |
| Multi-currency accounts | 313 of 348 | 4 of 348 |
Every fact side by side
| Fact | monobank | Skrill |
|---|---|---|
| Audience | Business, Freelancer | Expats, Travelers, Business |
| Pricing model | Fixed rate | No monthly fee |
| Features | Digital only | Not confirmed |
| Legal entity | JOINT STOCK COMPANY "UNIVERSAL BANK" | Paysafe Payment Solutions Limited |
| Headquarters | Ukraine | Ireland |
| Founded | Not confirmed | 2001 |
| Support channels | Email, Chat, Phone, Help centreCovers more | Help centre, Email, Phone |
Money transfer
| Fact | monobank | Skrill |
|---|---|---|
| Exchange rate markup | Not confirmed | 4.99% |
| Delivery time | Not confirmed | 24 - 72 hours |
| Payout methods | Not confirmed | Bank, Card, Wallet |
| Fee to send 1,000 | Not confirmed | €0 |
Where each stands against the rest
| Fact | monobank | Skrill | Median |
|---|---|---|---|
| Currency conversion fee | 0%below the median | 3.99%highest quarter | 0.5% |
| Currencies | 3below the median | 47highest quarter | 5 |
| Free ATM withdrawals | UAH 50,000at the median | Not confirmed | UAH 50,000 |
Median across 536 listed accounts.
Pros and cons
monobank
Pros
- A headline rate of 16% on a fixed deposit sits far above PayPal Colombia at 3.3%.
- The monthly fee is UAH 0, and sending money to another IBAN account costs 0 UAH for transfers to any IBAN account.
- Currency conversion is 0%, so converting between currencies costs nothing.
Cons
- The term runs 12 to 24 and the deposit renews itself by default, so a long commitment keeps rolling.
- A minimum deposit of UAH 1,000 has to sit in the account before the balance starts earning.
- The headline rate of 16% is below Plazo ES at 24.19% and AXI Card Tarjeta y Credito at 21.59%.
Skrill
Pros
- The monthly fee is €0, the same as Starling Personal Account Debit Card at £0, so the wallet costs nothing to keep open.
- The stated audience covers expats, travelers and business, so expats, travellers and businesses are the groups the service is built around.
- 47 currencies sit in one wallet, well above the site median of 5.
Cons
- Currency conversion costs 3.99%, against 0% at AXI Card Tarjeta y Credito and 0.5% at XTB.
- An exchange rate mark-up of 4.99% can be added to international transfers on top of the fee.
- The currency conversion fee ranking puts it at 297 out of 312, so exchange is the weak spot.
Who each suits
monobank
Who it suits
- A Ukrainian business that can leave its balance alone for 12 to 24 and wants the return fixed.
- A freelancer paid by Ukrainian clients who wants local account details in the form of iban.
- A saver who reads the rate before anything else: 16% sits well above the 3% median across the site.
Who should look elsewhere
- Rate chasers: Plazo ES lists 24.19% and AXI Card Tarjeta y Credito 21.59%, both above monobank's 16%.
- Anyone who needs the money on demand, because the term runs 12 to 24 and the deposit renews itself by default. PayPal Colombia at 3.3% is worth weighing for anyone who accepts a much smaller return.
Skrill
Who it suits
- Expats and travellers who need to hold and send money in several currencies, with 47 available.
- Businesses paying suppliers abroad that want no monthly charge, since the monthly fee is €0.
- People who want help on a stuck transfer, since support covers help centre, email and phone.
Who should look elsewhere
- Readers who convert money often, since AXI Card Tarjeta y Credito charges 0% to convert against 3.99% here.
- People hunting for the lowest exchange cost, who would find XTB's 0.5% conversion fee easier to weigh.
Current offers
Skrill
Current offer
Bonus
Final Score: Up to EUR 10,000 every week
6 matches, 6 predictions; free to play; get all 6 right to win EUR 10,000; log in or register; T&Cs apply
Source, checked September 26, 2026
Country by country
| Country | monobank | Skrill |
|---|---|---|
| Brazil | No | Yes |
| Ireland | No | Yes |
| Ukraine | Yes | No |
| United Kingdom | No | Yes |
| United States | No | Yes |
Questions about each
monobank
What rate does monobank pay on its deposit?+
The deposit advertises a headline rate of 16% and the rate is fixed, so the figure holds for the whole placement rather than drifting with the market. For context, PayPal Colombia lists 3.3% on its savings product. That gap is the main reason a saver would pick this account.
How long do I have to leave the money in the deposit?+
The published term is 12 to 24 and the rate is fixed for that whole period. Terms can be taken as a fixed stretch or as a flexible one, so the length you sign up for is a choice rather than a single window. Readers who want shorter placements should set this against an easy-access account.
Skrill
How much does it cost to keep a Skrill account?+
The monthly fee is €0 and the account is sold as no monthly fee, so holding the wallet costs nothing each month. A bank transfer through Skrill Money Transfer is free, while a transfer to another Skrill wallet takes a fee set on the amount sent and an international transfer can cost more.
What does it cost to change currency?+
Converting between currencies costs 3.99%, and an exchange rate mark-up of 4.99% can apply on international transfers on top. AXI Card Tarjeta y Credito lists 0% for conversion and XTB lists 0.5%, so a wallet holding a single currency costs far less to change.
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