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Binance.US Temporarily Suspends Various Transfer Methods, Including Wire and Debit Card Deposits

Cointime Staff

Cointime Official

According to Binance.US' status page, various methods of transfer are currently unavailable. These include wire deposits and withdrawals, Apple Pay deposits, and Google Pay deposits. In addition, the page notes that 5% of its customers are unable to make debit card deposits at this time.

"Monitoring-Due to recent developments in the banking industry, Binance.US is transitioning to new banking and payment service providers over the next several weeks. Some USD deposit services will be temporarily impacted during the transition. Apple Pay and Google Pay deposits are temporarily unavailable. Wire deposits and withdrawals are temporarily unavailable. For <5% of customers, Debit Card deposits are temporarily unavailable. We are working to restore all services as soon as possible." the firm said in a statement.

In addition, Binance.US has also announced that ACH deposits from Signature Bridge Bank are currently available on a temporary basis.

Signature Bank has undergone a failure but has since been acquired by Flagstar. Despite ongoing efforts to sell portions of the company, it remains unclear what Binance.US' future relationship with the bank will look like.

Furthermore, the company's status page reports that several trading pairs featuring its Binance USD (BUSD) stablecoin are temporarily unavailable.

Signature Bank Binance.US
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