How to deposit EUR to Binance by Bank transfer in Germany

Here is a step-by-step guide on how to deposit to Binance using the Sparkasse Frankfurt banking platform. This guide is broken down into 3 parts. Please follow all the instructions in order to successfully deposit EUR funds into your Binance account.

• Part 1 will show you how to collect the necessary bank information for the transfer.
• Part 2 will show you how to activate SEPA transfer to the UK.
• Part 3 will show you how to initiate the transfer with the Sparkasse Frankfurt banking platform, using the information obtained in Part 1.

Part 1: Collect the necessary bank information

Step 1: From the Menu bar, Go to [Buy Crypto] [Bank Deposit]:

Step 2: Select ‘EUR’ under ‘Currency’ and then select ‘Bank Transfer (SEPA)” as the payment method. Next, enter the EUR amount you would like to deposit and click [Continue].

** Note that you can only deposit funds from a Bank Account with the EXACT same name as your registered Binance account. If the transfer is made from a Bank Account with a different name, the bank transfer will not be accepted.

Step 3: You will then be presented with Bank Details to deposit funds into. Please keep this tab open for reference and proceed to Part 2.

**Note that the Reference Code presented will be unique to your own Binance account.

Part 2: Activate SEPA transfer to the UK on the Sparkasse Frankfurt banking platform

In order to make a SEPA transfer abroad, you must first have the country activated. In the case of Binance, we need to activate transfers to ‘Great Britain’.
 

** If you already have ‘Great Britain’ activated, please proceed to Part 3

Step 1: Log into your online banking platform.

• Go to [Online baking] [Service] [Manage foreign payments]

Step 2: Fill in the PPZV security questions by entering your date of birth and debit card number.

Step 3: Now, a list of already unlocked countries appears.

• In this case, none are unlocked yet.
• Click on the edit icon on the far right to add.

Select ‘Great Britain’ from the list of countries

Step 4: Confirm the instruction with your TAN (transaction number).

Step 5: That’s it! Foreign payments via SEPA are now enabled to the UK.

Part 3: Initiate the transfer instruction with the Sparkasse Frankfurt banking platform

using information obtained in Part 1.

Step 1: Go to [Online banking] and select [Transfer] under your financial status

Step 2: Fill in the transfer details according to the information obtained in [Part 1-Step 3]

**Note that all information entered must be EXACTLY as indicated on [Part 1-Step 3]. If the information is incorrect, then the bank transfer will not be accepted.

This includes:

• Name
• IBAN
• Reference code
• Amount to transfer

Step 3: Review and confirm that the information has been entered correctly.

• Next, confirm the transaction with your TAN (transaction number).

STEP 7: The transaction is now complete. You should see the confirmation screen.

**Normally, the SEPA transaction processing needs 0-3 business days, and SEPA Instant takes around 30 minutes to proceed.