How to Withdraw EUR with Open Banking?

Open banking lets you move funds from one bank account to another without using a card or a third-party payment network. It’s easier than traditional bank transfers and more secure than card payments. You can make an open banking payment from the Binance website and app.

Open banking is safer and more secure than card payments. Payments are authenticated directly with your bank using a secure, read-only connection. Your login credentials are never stored or shared. Binance has partnered with TrueLayer, an FCA approved provider, to securely connect to your bank and process your payment.

Let's see how to withdraw EUR via open banking on the Binance website.

1. Log in to your Binance account and hover over the [Wallet] icon. Click [Overview].

2. Click [Withdraw].

3. Click [Withdraw Fiat].

4. Choose [EUR] from the drop-down menu and click [Online Banking].

If you haven’t connected your Binance account to your bank account, please refer to How to Deposit EUR with Open Banking? to set it up.

5. Enter the amount you want to withdraw and click [Continue].

6. Review the order details carefully before clicking [Confirm].

Note: The bank account that will receive the withdrawal must be owned by the same person as your Binance account. Your EUR withdrawal orders will be processed within 1 - 7 business days.

7. Verify with passkey or 2FA and your withdrawal will be processed. You can click [View History] to check the withdrawal record.

For deposits, please refer to How to Deposit EUR with Open Banking?.