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How to Deposit Money From Bank Account to Binance

To deposit money from your bank account to Binance, you need to select a currency and payment method on the “Bank Deposit” page on Binance.

Then, you need to make a SWIFT/bank transfer to Binance’s bank account.

Binance will provide you with their bank details after you’ve entered the amount that you want to deposit.

Lastly, you need to go to the withdrawal page of your bank, enter Binance’s bank account details, enter the amount that you want to withdraw, and send the money.

For bank transfers, the deposit will typically arrive in 1 to 2 business days.

On the other hand, if you’re using SWIFT, it can take up to 4 business days.

You can check the status of the deposit by navigating to the “Transaction History” page on Binance.

On the “Transaction History” page, click on the “Fiat” tab and you’ll see the status of the deposit.

Get started on Binance here: https://www.binance.com/en/register?ref=73583477 or use “73583477” as the referral code.

Here’s how to deposit money from your bank account to Binance:

  1. Go to Binance.com and click on “Bank Deposit”
  2. Select currency and payment method
  3. Enter deposit amount and place order
  4. Copy Binance’s bank details
  5. Make a bank transfer and paste Binance’s bank details
  6. Enter amount to send and paste the reference code
  7. Wait for the deposit to arrive

1. Go to Binance.com and click on “Bank Deposit”

Bank deposit on Binance

Note: Binance does not support a bank deposit in certain countries like Singapore. Unfortunately, if you don’t see a “Bank Deposit” option, you won’t be able to make a bank deposit.

Firstly, you need to visit the Binance website.

You can also use the Binance mobile app for this.

For the purpose of this guide, we’ll use the desktop version of Binance instead of the Binance mobile app.

Firstly, go to binance.com and log in to your account.

Next, click on “Buy Crypto” on the top navigation bar of the website.

This will open a menu containing multiple options.

This includes “Bank Deposit”, “Credit/Debit Card”, “P2P Trading”, and more.

Since you’re looking to deposit money into Binance, click on “Bank Deposit”.

2. Select currency and payment method

After you’ve clicked on “Bank Deposit”, you’ll land on the “Deposit Fiat” page.

On the page, you need to select a currency and payment method.

Firstly, select the currency that you want to deposit using the “Currency to deposit” dropdown box.

For example, if you live in the UK, select “GBP”.

Secondly, you need to select a payment method.

You can either select “Bank Card” or “Faster Payments”.

Since you’re looking to make a bank transfer, select “Faster Payments”.

Lastly, click on “Continue” to proceed to the next step.

3. Enter deposit amount and place order

Deposit fiat on Binance

After you’ve clicked on “Continue”, you’ll need to enter the amount of money that you want to deposit.

For example, if you want to deposit 20 GBP, enter “20” in the amount field.

Keep in mind that there’s a daily limit to how much money you can deposit.

Once you’ve entered the amount of money that you want to deposit, you need to check the “This service is supported by ClearJunction” checkbox.

This is to allow Binance to share your personal information with Clearjunction.

Click on “Confirm” to proceed to the next step.

4. Copy Binance’s bank details

Binance bank details

After you’ve clicked on “Confirm”, you’ll see Binance’s bank details.

This includes the name, sort code, account number, and reference code of Binance’s bank account.

Now, you need to transfer money via online banking into Binance’s bank account.

To do so, you need to copy Binance’s bank details.

5. Make a bank transfer and paste Binance’s bank details

How to deposit money from bank account to Binance

Note: The online banking platform that you’re using might be different from the screenshot above. However, the steps are similar.

After you’ve copied Binance’s bank details, you need to log in to the online banking platform that you’re using.

Once you’re logged in to the online banking platform, navigate to the withdrawing page.

On the withdrawing page, you need to select who you’re sending the money to.

Since Binance is a new recipient, you need to select “Pay someone new” or add a new recipient.

Firstly, you need to select whether you’re paying a person or a business.

Since Binance is a business, you need to select “Business”.

Secondly, enter the name of the recipient.

Enter “Binance” in the name field.

Thirdly, you need to copy the sort code from step #4 and paste it in the “Sort code” field.

Lastly, you need to copy Binance’s account number (also from step #4) and paste it in the “Account Number” field.

Click on “Continue” to proceed to the next step.

6. Enter amount to send and paste the reference code

Withdraw money from bank to Binance

After you’ve clicked on “Continue”, you need to enter the amount of money that you want to send and paste the reference code.

Firstly, enter the amount of money that you want to send to Binance in the “Amount” field.

For example, if you want to withdraw $20, enter “20” in the “Amount” field.

Secondly, select when you want to send the money.

If you’re looking to send the money now, select “Now”.

Thirdly, you need to paste the reference code of Binance’s bank (this can be found on step #4).

If you didn’t include the reference code, your transaction will fail.

Click on “Continue” to deposit money from your bank account to Binance!

7. Wait for the deposit to arrive

How long do Binance bank transfer deposits take?

After you’ve initiated the deposit, you need to wait for it to arrive.

If you’re using a bank transfer, the deposit will typically take 1 to 2 business days to arrive.

On the other hand, if you’re using SWIFT, the deposit will typically take 1 to 4 business days to arrive.

You can check the status of your deposit by navigating to the “Transaction History” page on Binance.

To do so, click on Wallet > Overview > Transaction History > Fiat.

If the deposit status is “Processing”, you need to continue waiting for the final results of your account verification.

You’ve successfully learned how to deposit money from your bank account to Binance!

Conclusion

Before you make a deposit, make sure that you’ve verified your identity on Binance.

Do note that Binance does not support bank deposits in certain countries like Singapore.

If you’re in Singapore, you need to use the Singapore version of Binance (binance.sg) instead of binance.com.

On binance.sg, you can create a StraitsX account (formerly known as Xfers personal account) to make deposits.

A deposit typically takes 1 to 2 days to complete for bank transfers and 1 to 4 days for SWIFT.

If your deposit has not arrived within 4 days, you can contact Binance support for assistance.

Further reading

How to Transfer Crypto From Crypto.com to Coinbase

Best Binance Referral ID Code in 2021

3 Ways to Contact Binance

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About the author

Lim How Wei

Lim How Wei is the founder of followchain.org, with over 7+ years of experience in Social Media and 3+ years of experience in investing in stocks and cryptocurrencies. He has researched, tested, and written hundreds of articles ranging from social media platforms to messaging apps.