Local payments and collections
Access multiple local markets through a single access point – without the need to maintain banking relationships in each jurisdiction.
Features & Benefits
- Settle multiple currencies locally
- Fast, low cost payments compared with the traditional correspondent banking network
- Speedy settlement with same-day local payments
- Access to global markets without the need for local banking relationships
Cross-border collections
Access low cost, fast payments in more than 24 currencies through our network of correspondent banking partners via the SWIFT network.
Features & Benefits
- Available in 24 currencies
- Flexible access – make payments via our API, the Client Portal or SWIFT
- No limit to transaction value
- Fast, low cost payments compared with the traditional correspondent banking network
- Low transaction costs and fees for both payer and payee
Foreign Exchange
Banking Circle has access to a deep liquidity pool, with rates sourced from the world’s market-makers. Our highly-competitive rates are provided at pre-agreed margins and FX deals can be executed in real-time as treasury movements or outgoing single or bulk payments.
For FX brokers and professional FX treasury functions, our Real-time FX platform offers additional risk management tools.
Features & benefits
- 24 executable currencies
- Auto-execution at pre-determined exchange rates available 24/5
- Real-time, transparent indicative rates
- Conversions and onward payments in a few clicks or file upload via our Client Portal
- Automated processes via our APIs
- Full reporting capabilities
SEPA Direct Debit
SEPA Direct Debit for one-off and recurring collections and payments within SEPA can be added to Banking Circle services.
Delivered by Banking Circle’s sister company, SEPAexpress, the SEPA Direct Debit service gives Marketplaces one of the simplest, safest and most convenient Alternative Payment Methods (APMs).
It can be used with any account within SEPA.
Features & benefits
- Improve cashflow by reducing the risk of late payment
- Lower transaction costs with one of the lowest APM fees
- Offer easier payment automation without requiring the account holder’s interaction once the mandate is set up
- Provide a flexible refund policy with no dispute within 8 weeks of settlement
- Reduce payment reconciliation admin with automated and transparent processing of exceptions (cancellations, reversals and refunds)