Bank accounts
Through Banking Circle, Banks and Payments businesses can access multi-currency physical accounts to support regulated and operational business activity. This gives financial service providers a crucial competitive edge, enhancing their service proposition. Accounts are available in 24 currencies and come with DE, DK, GB and LU IBANs.
Financial Institutions gain the ability to issue multi-currency physical and virtual IBANs for customers in their own name and in multiple jurisdictions.
Accounts deliver full transparency and faster settlement, enabling Financial Institutions to offer their customers a full transactional service.
Banking Circle provides Financial Institutions with different types of accounts to allow them to distinguish between the flows through the account.
Current account
Banking Circle current account is available to corporates and regulated entities to meet their operational and treasury business needs.
This account is a physical account held in the name of the corporate and can be linked to underlying virtual IBANs to allow department, entity or operational reconciliation, without the need for multiple bank accounts.
Settlement account
Banking Circle settlement account is available to regulated entities to receive and pay out client funds. This account has safeguarding capability, either as part of the account or in a separate allocated safeguarded account, as it holds client funds. Settlement accounts can have underlying virtual IBANs to enable easy reconciliation of funds in or out.
- Available in 24 currencies
- View the account online and through the API
Nuvei partnered with Banking Circle in 2016 to ensure settlement and pay outs occur quickly and incur lower costs, whilst being more transparent and trackable. Today, Nuvei uses Banking Circle settlement and operational accounts as well as Banking Circle’s Real-time FX platform.
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Paysafe is a leading specialised payments platform, bringing together the payment methods customers want and the payment services businesses need. Banking Circle provides Paysafe with bank account infrastructure that gives it access to fast and cost-effective settlements and payouts globally. Banking Circle has been working with Paysafe since 2016.
Download file_download“We selected Banking Circle for their technical platform. We believe in Banking Circle’s vision and execution of building best-in-class financial infrastructure for service companies like Stripe.”
Jeremy Büttner, Head of Banking Partnerships, EMEA, Stripe
“Banking Circle have a much more open approach to ways of working, with APIs, the right service levels and reporting in place, compared to that of many of the traditional banks would have.”
Garreth Dorree, Head of Operations, Paysafe “Banking Circle offered us flexibility to adjust to our requirements. They provided the technical modifications to meet our requirements to do settlements, and this was huge for us.”
Praful Morar, Chief Strategy Officer, Nuvei 