Deposit and Withdraw EUR and GBP on Binance as Corporate Users

Deposit and Withdraw EUR and GBP on Binance as Corporate Users


Deposit and Withdraw EUR and GBP on Binance as Corporate Users

Binance offers EUR (SEPA) and GBP (FPS, CHAPS) transfers to corporate clients.
This channel is open to corporates who have completed crypto fiat verification, and it enables transfers to and from your corporate bank account.
Coverage
Global corporates, not available to the US and countries not supported by Binance and/or Clear Junction.
Fees
0.02% (min €/£1.50, max €/£15 per transaction).
Target users
Corporate clients with EUR and GBP accounts.
Daily Limit
€/£500k deposit, €/£200k withdrawal/day (higher limits upon request).

Funding methods

Single Euro Payments Area (SEPA):
SEPA is a payment integration initiative of the European Union. It is used for sending cross-border Euro deposits and withdrawals between banks that are part of the SEPA network.
Faster Payments Service (FPS)
FPS is a UK banking initiative to reduce payment times, focused on smaller payments and is subject to a limit of £250k per transfer. While expected to be short, transfer time is not guaranteed and will depend on the payment institutions and banks involved.
Clearing House Automated Payment System (CHAPS)
CHAPS transfers are guaranteed same-day crediting if our bank receives the payment by 17:00 GMT. Transfers sent after 17:00 GMT, on the weekend, or a public holiday are usually credited the next working day.

Deposit

1. Log in to your Binance account and go to [Wallet] [Fiat and Spot].
Deposit and Withdraw EUR and GBP on Binance as Corporate Users
2. Click [Deposit].
Deposit and Withdraw EUR and GBP on Binance as Corporate Users
3. Under the Fiat tab, select your currency.
Deposit and Withdraw EUR and GBP on Binance as Corporate Users
4. Select [Bank transfer (SEPA)] for EUR or [Faster Payments] for GBP.
Deposit and Withdraw EUR and GBP on Binance as Corporate Users
Deposit and Withdraw EUR and GBP on Binance as Corporate Users
5. Enter the deposit amount and click [Continue] to create a deposit request.
Deposit and Withdraw EUR and GBP on Binance as Corporate Users
6. Transfer funds to the account credentials displayed under [Payment details].
Deposit and Withdraw EUR and GBP on Binance as Corporate Users
The bank account details have been omitted from the above screenshot, please refer to the account details provided at your deposit page.

Withdraw

1. Log in to your Binance account and go to [Wallet] [Fiat and Spot].
Deposit and Withdraw EUR and GBP on Binance as Corporate Users
2. Click [Withdraw].
Deposit and Withdraw EUR and GBP on Binance as Corporate Users
3. Under the Fiat tab, select your currency.
Deposit and Withdraw EUR and GBP on Binance as Corporate Users
4. Select [Bank transfer (SEPA)] for EUR or [Faster Payments] for GBP.
Deposit and Withdraw EUR and GBP on Binance as Corporate Users
Deposit and Withdraw EUR and GBP on Binance as Corporate Users
5. Enter the withdrawal amount and click [Continue] to create a withdrawal request.
Deposit and Withdraw EUR and GBP on Binance as Corporate Users
6. Enter the account details (the Receiver Name is filled automatically).
Deposit and Withdraw EUR and GBP on Binance as Corporate Users
7. Check the details and confirm the withdrawal.
Deposit and Withdraw EUR and GBP on Binance as Corporate Users



Deposit and withdraw GBP via Faster Payments FAQ

Binance provides various Fiat Enabled Methods and allows users to select the corresponding channels based on their currencies or regions. For GBP deposits and withdrawals, you can select Faster Payments.
Frequently Asked Questions:
Q: Ive deposited more than my current limit. When will I receive the remainder of my deposit?
A: The remainder will be credited in the following days. For example, if your daily limit is 5,000 GBP and you deposit 15,000 GBP, the amount will be credited in 3 separate days (5,000 GBP per day).
Q: I want to deposit through bank transfer, but the transfer status is showing “processing” instead of “successful” or “failed”. What should I do?
A: You have to wait for the final results of your account verification. If approved, the corresponding deposits will be automatically credited to your account. If your account verification is rejected, the funds will be returned to your bank account within 7 business days.
Q: Id like to increase my deposit/withdrawal limits.
A: Please go to the Identity Verification page and upgrade your KYC level by providing a valid proof of address (POA) and/or other required personal information.
Q: Ive made a deposit through Faster Payment (FPS) but forgot to input the reference code.
A: You will need to copy the reference code shown on the Binance payment instruction and input it in the “Details or ”Remarks or ”Message to Receiver field in your bank payment form when making a transaction. Please note that some banks may name this field differently.
Failed in inputting a reference code will cause unsuccessful transactions. And you may raise a CS ticket with your Proof of Payment showing your account name so that we could check the transaction manually and then credit your funds.
Q: Ive made a deposit through Faster payments but under a different name.
A: The transaction will be canceled, and the funds will be returned to the users original bank account within 7 business days.
Q: I’d like to deposit through FPS but havent provided my basic information.
A: You can make a transaction worth 300 USD (or equivalent) by providing the following information:
Full name, Email, Date of birth, Nationality, Residential address. If you’d like to increase this 300 USD (or equivalent) limit, please go to the Identity Verification page and upgrade your KYC level by providing a valid proof of address (POA) and other required personal information.


Deposit and Withdraw EUR via SEPA FAQ

Binance provides various Fiat Enabled Methods and allows users to select the corresponding channels based on their currencies or regions. For EUR deposits and withdrawals, you can choose SEPA.
The Single Euro Payments Area (SEPA) is an initiative of the European Union that allows for fast, reliable, and cheap Euro (EUR) transfers between bank accounts in the SEPA-zone.
Frequently Asked Questions:
Q: Ive deposited more than my current limit. When will I receive the remainder of my deposit?
A: The remainder will be credited in the following days. For example, if your daily limit is 5,000 EUR and you deposit 15,000 EUR, the amount will be credited in 3 separate days (5,000 EUR per day).
Q: I want to deposit through bank transfer, but the transfer status is showing “processing” instead of “successful” or “failed”. What should I do?
A: You have to wait for the final results of your account verification. If approved, the corresponding deposits will be automatically credited to your account. If your account verification is rejected, the funds will be returned to your bank account within 7 business days.
Q: Id like to increase my deposit/withdrawal limits
A: Please go to the Identity Verification page and upgrade your KYC level by providing a valid proof of address (POA) and other required personal information.
Q: My bank asked for Binance’s address when I tried to make a SEPA deposit.
A: Please fill in Binance’s address as the following: Hub 26 Hunsworth Lane, Cleckheaton, England, BD19 4LN.
Q: I’d like to deposit through SEPA but havent provided my basic information.
A: You can make a transaction worth 300 USD (or equivalent) by providing the following information:
Full name, Email, Date of birth, Nationality, Residential address.
If you’d like to increase this 300 USD (or equivalent) limit, please go to the Identity Verification page and upgrade your KYC level by providing a valid proof of address (POA) and other required personal information.
Q: I’ve deposited through SEPA but didnt put in the reference code.
A: You will need to copy the reference code shown on the Binance payment instruction and input it in the “Details or ”Remarks or ”Message to Receiver field in your bank payment form when making a transaction. Please note that some banks may name this field differently.
Failed in inputting a reference code will cause unsuccessful transactions. And you may raise a CS ticket with your Proof of Payment showing your account name so that we could check the transaction manually and then credit your funds.
Q: I tried to deposit EUR, but the name in my bank account doesn’t match the name in my Binance account.
A: A: The transaction will be canceled, and the funds will be returned to the users original bank account within 7 business days.
Q: I tried to deposit EUR, and my deposit got refunded. I didn’t put Binance as the beneficiary.
A: Please write Binance as the beneficiary.
Q: I tried to deposit EUR through a SWIFT transfer.
A: Swift transfers only support USD. So EUR transfers will be returned to your bank account.
Q: I tried to withdraw through a SEPA transfer, the status shows the transaction was successful, but I haven’t received the deposit or withdrawal.
A: Normal SEPA transfers usually take 1-3 days depending on your bank (Brexit may delay the process, please check with your bank). SEPA Instant transfers usually take less than 30 minutes (some banks stopped supporting SEPA Instant after Brexit, please check with your bank).
Thank you for rating.

1 Comments

Tony Addison
Tony Addison

I am afraid this is not correct as many UK banks block any transfer in or out of Binance
And Binance no longer offers FPS for GBP

reply
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