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Deposit and withdraw GBP via Faster Payments FAQ
2021-01-28 03:18
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.
To deposit and withdraw GBP on Binance, please refer to the following guide.
Frequently Asked Questions:
Q: I've 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: I'd 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: I've 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: I've 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 user's original bank account within 7 business days.
Q: I’d like to deposit through FPS but haven't 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.
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