This article will walk through the guidelines and frequently asked questions regarding sending a Wire Transfer to your Binance.US account.
If you're interested in learning how to initiate a Wire Transfer, please click here.
What's in this article?
- What happens if my Binance.US account does not match the authorization form?
- Do you accept Domestic Wire via Third-Party?
- Do you accept wire transfers from Trust accounts?
- What if my wire was sent from a joint account?
- What if my wire was sent from a Corporate account to a Personal account?
- What is the timeline for sending a wire, and how soon will I get it?
Don't forget to include the reference code:
The Reference Code can be placed in the memo, comments, or "Instructions for Beneficiary" section. Should you forget to include the reference code on the bank authorization form, please note that your wire will fall into a suspense account, which will require manual processing. Please confirm with your bank that the reference code has been entered in the correct area.
If you are not sure where to find the reference code, please refer to your email inbox. You may refer to your email inbox for the Wire Deposit Details receipt.
Make sure Routing & Account numbers are correct:
Please ensure that you have entered the routing & account number correctly to avoid any failures with the withdrawal process.
What happens if my Binance.US account does not match the authorization form?
If the name on the authorization form does not match the name on the Binance.US account, the wire transfer will fall into a suspense account, and require manual processing.
Do you accept Domestic Wire via Third-Party?
Our firm does not allow third-party transfers to Binance.US accounts. All third-party transfers will be rejected and returned to the issuing bank.
Do you accept wire transfers from Trust accounts?
Binance.US accepts wire deposits from accounts in a Trust. Users wishing to fund their personal accounts using their Trust account will need to provide notarized, signed trust documents stating that they are a Trustee or Beneficiary in order to settle wires to their account. The Binance.US account holder's name and the name of the Trustee must match. We urge users to Chat with our Customer Service team to send their Trust documents before sending their wire deposit. Please note your wire will be temporarily held in a suspense account by our payment processor. The funds will remain in hold until we've obtained the necessary information needed to process the transfer.
What if my wire was sent from a joint account?
If you're sending funds from a joint account, please note your wire will be temporarily held in suspense by our payment processor. The funds will remain on hold until we've obtained the necessary information needed to process the transfer. We urge users to Chat with our Customer Service team to send their joint bank account documents before sending their wire deposit. Please note your wire will be temporarily held by our payment processor. The funds will remain in hold until we've obtained the necessary information needed to process the transfer.
What if my wire was sent from a Corporate account to a Personal account?
Wire Transfers sent from a Corporate account to a Personal account will be rejected. Depending on your account type, your wire transfer must originate from an account that matches your name or company name on your Binance.US account. Note that Binance.US currently only supports US domestic wires.
What is the timeline for sending a wire, and how soon will I get it?
Typically, wires that are processed may take up to 3 business days to be applied to your account.
Deposits initiated on non-business days/hours:
All Wire Transfers authorized during the weekend or holiday will be processed for delivery on the next available business day.
How long will it take for my wire to arrive in my account?
Generally, wire transfers may take up to 3 business days for the deposit to arrive in your Binance.US account. If you do not receive your wire transfer after the third business day, please Chat with Support.
If you have any questions, please contact our Customer Service team.
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Legal disclaimer: This material has been prepared for general informational purposes only and should NOT be: (1) considered an individualized recommendation or advice; or (2) relied upon for any investment activities. All information is provided on an as-is basis and is subject to change without notice. We make no representation or warranty of any kind, express or implied, regarding the accuracy, validity, reliability, availability, or completeness of any such information. Binance.US does NOT provide investment, legal, or tax advice in any manner or form. The ownership of any investment decision(s) exclusively vests with you after analyzing all possible risk factors and by exercising your own independent discretion. Binance.US shall not be liable for any consequences thereof.
Binance.US reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.