According to CZ, Binance’s fiat withdrawal fees are set by partner banks and could fall further as transaction volume increases, with recent reductions already reported by some users.
Binance confirmed a reduction in its USD withdrawal fee via SWIFT bank transfer from $60 to $25 per transaction, applying to both retail and corporate clients. CZ stated on X that fiat withdrawal fees are bank-driven and may decrease further as user volume grows. Community feedback highlighted one-day arrival times, suitability for large withdrawals, and noted that fees had already been lowered for some accounts prior to the announcement. USD SWIFT deposits remain free.