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.
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: Log in to your Binance account and go to [Buy Crypto] - [Bank Deposit]:
![](https://public-1259603563.file.myqcloud.com/image/cms/article/body/202103/42028a00ea05aeca125d391a3f3a0288.png)
Step 2: Select [EUR] under [Currency], then select [Bank Transfer (SEPA)] as the payment method. Next, enter the EUR amount you would like to deposit and click [Continue].
![](https://public-1259603563.file.myqcloud.com/image/cms/article/body/202103/9fa52d205e48f74f4dd552c0151807c9.png)
** Please 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.
![](https://public-1259603563.file.myqcloud.com/image/cms/content/body/202106/45df7c574d67875f6b88e550af7ce692.png)
**The Reference Code is unique to your own Binance account.
![](https://public-1259603563.file.myqcloud.com/image/cms/content/body/202106/8527c5785b2f89e0ee4b9d5469f9c3cb.png)
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]
![](https://public-1259603563.file.myqcloud.com/image/cms/article/body/202103/4549e13b304f2d0e50f8a38834afc24a.png)
Step 2: Fill in the PPZV security questions by entering your date of birth and debit card number.
![](https://public-1259603563.file.myqcloud.com/image/cms/article/body/202103/55636d2cb9320c03ead81fc71643b752.png)
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.
![](https://public-1259603563.file.myqcloud.com/image/cms/article/body/202103/8dfa97bb610030d330f0074872d850a2.png)
- Select ‘Great Britain’ from the list of countries
![](https://public-1259603563.file.myqcloud.com/image/cms/article/body/202103/8776b7dfaae5806a5673baff5392879c.png)
Step 4: Confirm the instruction with your TAN (transaction number).
![](https://public-1259603563.file.myqcloud.com/image/cms/article/body/202103/761fe8e86d3c46d24123b5d7ff52e848.png)
Step 5: That’s it! Foreign payments via SEPA are now enabled to the UK.
![](https://public-1259603563.file.myqcloud.com/image/cms/article/body/202103/590efad07f46aef4440376efb1075824.png)
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
![](https://public-1259603563.file.myqcloud.com/image/cms/article/body/202103/f29602c1e9b8e65eb42e51e940cbe222.png)
Step 2: Fill in the transfer details according to the information obtained in [Part 1-Step 3]
![](https://public-1259603563.file.myqcloud.com/image/cms/article/body/202103/6f6e1d8f1459170fb7543b69e44e910b.png)
**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).
![](https://public-1259603563.file.myqcloud.com/image/cms/article/body/202103/a0fb8bb6f9b7140f354ae8dff0703c0e.png)
STEP 7: The transaction is now complete. You should see the confirmation screen.
![](https://public-1259603563.file.myqcloud.com/image/cms/article/body/202103/334106f8447b32c7d9c1e8b015697058.png)
**Normally it takes up to 3 working days for SEPA transactions to process, and up to 30 minutes for SEPA Instant to process.