Binance ACH transfers are a fast and convenient way to move money into your account. However, it’s important to understand how they work before you make a transfer.
Here’s what you need to know about Binance ACH transfers:
How do Binance ACH transfers work?
Binance ACH transfers are processed through the Automated Clearing House network. This is a system that allows banks and financial institutions to send and receive electronic payments.
When you make a Binance ACH transfer, the funds are first sent to Binance’s bank account. Then, Binance will send the funds to your account using the ACH network.
How long does it take for a Binance ACH transfer to go through?
It typically takes 1-2 business days for a Binance ACH transfer to go through. However, there can be delays if there are errors with the information you provided or if there are problems with the ACH network.
Can I cancel a Binance ACH transfer?
Yes, you can cancel a Binance ACH transfer before it is processed. However, once the transfer has been processed, it cannot be canceled.
What fees are associated with Binance ACH transfers?
There are no fees associated with making or receiving Binance ACH transfers. However, your bank may charge a fee for using the ACH network.
Check with your bank to see if they charge any fees.