Binance.US Transitioning to New Bank Providers; briefly limiting deposits, withdrawals

Binance.US said March 31st that some deposit and withdrawal services will be temporarily unavailable as we transition to new services.

That update says that several transfer methods will be unavailable, including wired 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 company attributed the service outage to “recent developments in the banking industry” and said it is moving to new banking service providers.

Binance.US said Signature Bridge Bank ACH deposits are no longer available. Signature Bank recently went bankrupt and was acquired by Flagstarand there are still ongoing efforts to sell parts of the company.

Although that issue was listed as resolved at 16:43 UTC, it reappeared as an issue just a few minutes later. Various other issues may be ongoing.

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Mike trained in Library and Information Science before moving into Cryptography in 2018. He lives on the west coast of Canada.

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