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Binance Bank Transfer via SEPA and Faster Payments
Binance
2020-06-10 08:01
1. What is The Single Euro Payments Area (SEPA)?
SEPA is an initiative of the European Banking Industry and is strongly supported by the European Commission and the European Central Bank that allows fast, reliable, and cheap Euro (EUR) transfers between bank accounts in the SEPA-zone.
2. What is the Deposit and Withdraw Limits and Fees (EUR)?
EURLimitDeposit FeeWithdrawal Fee
Daily€ 50,000€ 0.5€ 1
Monthly€ 500,000
Per Transaction€ 20-15,000
Note:
  • In order to use the SEPA service, you will need to complete your identity verification and address verification.
  • In order to increase your limits to €200,000/day, €2,000,000/month; please complete the Source of Wealth declaration form and contact customer support.
3. What is The Faster Payments Service (FPS)?
FPS is a UK banking initiative to reduce payment times, United Kingdom’s 24/7 Real-Time Payment System and is one of the most advanced systems of its type in the world. FPS allows fast, reliable, and cheap GBP transfers for our UK clients.

What is the Deposit and Withdraw limit for GBP?
GBPLimit
Daily £50,000
Monthly£500,000
Per transaction£20-£15,000

Note:
4. What are the Deposit and Withdraw Fees for Bank Transfer (GBP)?
There is no fee for GBP deposit and the withdrawal fee for GBP is £1.95 through Bank Transfer.
5. What are the Deposit and Withdraw Limits and Fees for Bank Transfer(Euro)?
Both deposit and withdrawal fees for up to £250,000 are 0.02%
Both deposit and withdrawal fees for over to £250,000 are 0.05%
  • Note: Minimum fee for transactions below £250,000 is £0.5 and minimum fee for transactions over £250,000 is £20.
Trading cryptocurrencies involves significant risk and can result in the loss of your capital. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Before trading, please take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary. It is your responsibility to ascertain whether you are permitted to use the services of Binance based on the legal requirements in your country of residence. Investments in crypto assets are not covered by the Financial Ombudsman Service or subject to protection under the Financial Services Compensation Scheme.

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How to Complete the Identity Verification for SEPA and Faster payments