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Clearjunction
How to deposit and withdraw EUR and GBP as corporate users?
Binance
2021-01-12 03:24
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
€/£1,000,000 deposit, €/£1,000,000 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].
2. Click [Deposit].
3. Under the Fiat tab, select your currency.
4. Select [Bank transfer (SEPA)] for EUR or [Faster Payments] for GBP.
5. Enter the deposit amount and click [Continue] to create a deposit request.
6. Transfer funds to the account credentials displayed under [Payment details].
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].
2. Click [Withdraw].
3. Under the Fiat tab, select your currency.
4. Select [Bank transfer (SEPA)] for EUR or [Faster Payments] for GBP.
5. Enter the withdrawal amount and click [Continue] to create a withdrawal request.
6. Enter the account details (the Receiver Name is filled automatically).
7. Check the details and confirm the withdrawal.
Related Articles
How to deposit Fiat Currencies via a SEPA Bank Transfer