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Binance.US Transitioning to New Bank Providers, Briefly Limiting Deposits and Withdrawals

Binance.US said that some deposit and withdrawal services will be temporarily unavailable as it transitions to new services in a status update on March 31.

That update says that several transfer methods will be 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.

The issue seems to be related to Signature, as Binance.US said that ACH deposits from Signature Bridge Bank are no longer available. Even though Signature Bank has failed, it has been acquired by Flagstar and there are still efforts to sell parts of the company.

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