How to Deposit EUR via Sparkasse Frankfurt Bank Transfer

Trading FAQs | 2021-03-04

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]:

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].

** 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.

**The Reference Code is 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]

**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: