Binance.US to Resume ACH Deposit and Withdrawal Service with Signature Bank
On March 30, a spokesperson for Binance. US said that Binance. US expects to resume the automatic clearing center (ACH) deposit and withdrawal service of Signature Bank within 24 h
On March 30, a spokesperson for Binance. US said that Binance. US expects to resume the automatic clearing center (ACH) deposit and withdrawal service of Signature Bank within 24 hours. （The Information）
Binance.US expects to resume ACH deposit and withdrawal services at signing banks within 24 hours
Introduction
On March 30, 2021, Binance.US made an announcement regarding the resumption of the automatic clearing center (ACH) deposit and withdrawal service with Signature Bank. This development comes as a relief for the users who were unable to access their funds through this service.
What is Binance.US?
Binance.US is a cryptocurrency exchange platform that provides a trading platform for users to buy and sell cryptocurrencies such as Bitcoin, Ethereum, and others. It offers a user-friendly interface for trading, along with various trading tools and features.
What is Signature Bank?
Signature Bank is a New York-based full-service commercial bank that offers services to businesses and individuals. It has gained reputation in the banking industry for its innovative approach towards providing banking solutions.
What is ACH Deposit and Withdrawal Service?
The automatic clearing house (ACH) is an electronic network used for financial transaction in the United States. The ACH deposit and withdrawal service enables users to transfer funds between bank accounts electronically, providing a fast and secure way to conduct transactions.
The Impact of Suspension of ACH Deposit and Withdrawal Service
The suspension of ACH deposit and withdrawal service on Binance.US had a significant impact on users who were unable to access their funds. This issue caused frustration and anxiety for many users, who had no choice but to wait for the issue to be resolved.
Resumption of ACH Deposit and Withdrawal Service with Signature Bank
Binance.US has announced the resumption of ACH deposit and withdrawal service with Signature Bank, which is expected to happen within 24 hours. This announcement has been welcomed by users, who are eager to access their funds and continue trading on the platform.
Conclusion
Binance.US has taken a significant step towards resolving the issue of ACH deposit and withdrawal service by announcing the resumption of service with Signature Bank. Although the suspension of this service has impacted users, the resumption of service will provide relief and ensure the smooth functioning of the platform.
FAQs
1. What caused the suspension of ACH deposit and withdrawal service on Binance.US?
The exact cause of suspension is not disclosed. However, it is common for cryptocurrency exchanges to experience technical issues from time to time.
2. Will this issue impact the reputation of Binance.US?
Binance.US is a reputable cryptocurrency exchange platform with a large user base. Although this issue has caused inconvenience for some users, it is unlikely to impact the reputation of the platform in the long run.
3. What should users do if they face issues with deposit and withdrawal on Binance.US?
Users should contact the customer support team of Binance.US for assistance if they face any issues with deposit and withdrawal services.
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