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Skrill vs YNAB

Skrill logo

Skrill

Software

Fast and secure money transfer

From
Free
Rated
-
Full reviewWebsite
YNAB logo

YNAB

Software

You Need A Budget

From
$14.99/month
Rated
-
Full reviewWebsite

The short version

  • Only Skrill has a free tier, so it costs nothing to try first.
  • Each has a real cost: Skrill a currency conversion fee of 4.49 percent applies to most conversions; YNAB subscription priced exclusively in US dollars; international customers face unfavourable exchange rates
  • They diverge on capability: Skrill covers Money transfers, YNAB covers Zero-based budgeting.

Where they differ

Only the attributes on which Skrill and YNAB actually diverge.

Attributes where Skrill and YNAB differ
AttributeSkrillYNAB
Starting priceFree$14.99/month
Pricing modeltransactionsubscription
Free tierYesNo
Founded20012004

Identical on both: platforms (Web, IOS, Android), user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Skrill

  • Money transfers
  • Digital wallet
  • Currency conversion
  • Prepaid card
  • Bank accounts
  • Credit cards
  • IOS support

Only in YNAB

  • Zero-based budgeting
  • Bank sync
  • Goal tracking
  • Reports
  • Multi-device sync
  • Bank connections
  • Plaid
  • Bank-level encryption

Both cover

  • Web support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

Skrill

  • Sending money internationally from a prepaid digital walletnot YNAB
  • Funding and withdrawing from online merchants and gaming sitesnot YNAB
  • Buying and selling cryptocurrency inside a wallet accountnot YNAB

YNAB

  • Individual budget tracking with 34-day free trial before subscription commitmentnot Skrill
  • Household budget management with wife-on-plan sharing for up to 6 household membersnot Skrill
  • Manual transaction entry for banks outside the supported import listnot Skrill

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Skrill

  • A currency conversion fee of 4.49 percent applies to most conversions
  • An inactivity fee of EUR 5.00 is deducted monthly after six months with no login or transaction
  • Card deposits carry a 2.50 percent fee
  • SWIFT bank withdrawals cost 2.80 percent with a minimum fee of EUR 3.5
  • Skrill to Skrill transfers cost 2.99 percent with a EUR 0.50 minimum on standard accounts, reduced to 1.45 percent only for True Skriller accounts
  • Crypto trading fees are tiered by VIP status, from 1.50 percent standard down to 1.30 percent at Gold and Diamond VIP

YNAB

  • Subscription priced exclusively in US dollars; international customers face unfavourable exchange rates
  • Multi-currency support restricted to one currency per spending plan
  • Bank import limited to select institutions in US, Canada, UK, and EU only
  • Household plan can only be shared with up to 6 people; additional members cannot access shared plan

Pricing, plan by plan

Skrill

Free
  • Free AccountFree
    • Money transfers
    • Digital wallet
  • Premier Account$undefined/month
    • Higher limits
    • Special rates

YNAB

$14.99/month

No published plan breakdown. See the YNAB review.

Which should you pick?

Choose Skrill if

  • You need money transfers.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want digital wallet.
Skrill review

Choose YNAB if

  • You need zero-based budgeting.
  • You work on Web, iOS, Android.
  • You also want bank sync.
YNAB review

Questions people ask

Is Skrill or YNAB better?
Neither clearly leads. Skrill starts at Free and YNAB at $14.99/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Skrill or YNAB?
Skrill has a free tier; the other does not. Paid plans start at Free for Skrill and $14.99/month for YNAB.
Does Skrill or YNAB run on more platforms?
Skrill runs on Web, IOS, Android. YNAB runs on Web, iOS, Android.
Can I use Skrill for free?
Yes. Skrill has a free tier, so you can try it without paying. YNAB starts at $14.99/month.
What is Skrill best used for?
Skrill is most often used for sending money internationally from a prepaid digital wallet, funding and withdrawing from online merchants and gaming sites, buying and selling cryptocurrency inside a wallet account. Of those, sending money internationally from a prepaid digital wallet and funding and withdrawing from online merchants and gaming sites are not what YNAB is typically brought in for.
What can Skrill do that YNAB cannot?
Skrill covers Money transfers, Digital wallet, Currency conversion, Prepaid card. YNAB covers Zero-based budgeting, Bank sync, Goal tracking, Reports. Both handle Web support, Android support.
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