{"id":11230,"date":"2023-03-31T22:09:46","date_gmt":"2023-03-31T22:09:46","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=11230"},"modified":"2023-03-31T22:09:48","modified_gmt":"2023-03-31T22:09:48","slug":"binance-us-transitioning-to-new-bank-providers-briefly-affecting-deposits-withdrawals","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=11230","title":{"rendered":"Binance.US transitioning to new bank providers; briefly affecting deposits, withdrawals"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<h2>Ad<\/h2>\n<p>Binance.US said in a status update on March 31 that some deposit and withdrawal options will be temporarily unavailable as it transitions to new banking services.<\/p>\n<h2>Wire transfers, payment apps limited<\/h2>\n<p>Binance.US\u2019 status page says that several transfer methods are unavailable including wire deposits and withdrawals, Apple Pay deposits, and Google Pay deposits. It also said that debit card deposits are not available to 5% of its customers.<\/p>\n<p>The company attributed the change due to \u201crecent developments in the banking industry\u201d and said that it is moving to new banking service providers.<\/p>\n<p>Those limitations exists alongside another issue: Binance.US also says that ACH deposits from Signature Bridge Bank are temporarily available. Though that issue was listed as resolved as of 16:43 UTC, it was listed as an issue again just minutes later.<\/p>\n<p>Signature Bank has failed but has been acquired by Flagstar and there are still efforts to sell parts of the company. Binance.US\u2019 future relationship with the bank is unclear.<\/p>\n<p>The company\u2019s status page indicates that various trading pairs featuring the firm\u2019s Binance USD\u00a0 (BUSD) stablecoin are temporarily unavailable as well.<\/p>\n<h2>How long will these issues last?<\/h2>\n<p>Binance.US previously said on March 29 that ACH withdrawals were disrupted last week and remained paused \u201cout of an abundance of caution.\u201d<\/p>\n<p>Later, The Information reported that the issue specifically affected Signature Bank-related ACH transfers. The news site also reported Binance planned to resolve the issue within 24 hours of the March 29 report \u2015 a deadline that has seemingly passed.<\/p>\n<p>Binance.US\u2019s latest update did not give specific deadlines for a resolution. On the Signature Bank ACH issue, it said that it is \u201cworking to restore services as quickly as possible.\u201d On other issues, it said that services will be \u201cimpacted during the transition\u201d over several weeks.<\/p>\n<p>The news comes alongside recent charges against Binance from the Commodity and Future Trade Commission (CFTC). Though those charges largely concern Binance\u2019s global arm, they could have an impact on the firm\u2019s ability to operate in the United States.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/binance-us-transitioning-to-new-bank-providers-briefly-limiting-deposits-and-withdrawals\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ad Binance.US said in a status update on March 31 that some deposit and withdrawal options will be temporarily unavailable as it transitions to new banking services. Wire transfers, payment apps limited Binance.US\u2019 status page says that several transfer methods are unavailable including wire deposits and withdrawals, Apple Pay deposits, and Google Pay deposits. It [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11231,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-11230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11230"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11230\/revisions"}],"predecessor-version":[{"id":11232,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11230\/revisions\/11232"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/11231"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}