What it does
Banking Circle in four products.
01
Accounts
Physical and virtual accounts with the client's choice of IBAN prefix, and safeguarded client-money accounts for regulated firms.
02
Payments
Payments in 24 currencies through 10 local clearing schemes, including SEPA Instant, Faster Payments and Australia's NPP.
03
FX
Currency conversion booked 24 hours a day through the client portal or API.
04
Stablecoin settlement
Conversion between money and USDC, USDG and EURI, Banking Circle's own euro stablecoin, since its CASP licence of 15 April 2026.
Who uses it
The companies that build on Banking Circle.
Types of client
- Payment service providers
- Banks
- Financial institutions
- Marketplaces
- Investment funds
Accounts on Finzil that use Banking Circle
Vivid BusinessGerman, Danish and some Luxembourg IBANs
Phoenix PaymentsCorrespondent for some virtual IBANs
WamoNames Banking Circle as a partner
StripeNamed by Banking Circle as a client
Checkout.comNamed by Banking Circle as a client
PayoneerOn Banking Circle's list of clients
AirwallexOn Banking Circle's list of clients
VertoPartnership announced by Banking Circle
PleoBanking Circle case study
Other clients Banking Circle names
- Alibaba
- Paysafe
- Nuvei
- PPRO
- Paymentsense
- Marqeta
- FalconX
- Bridge
- Galaxy
- OSL
- Fidoo
Coverage
Where the money can go.
- Cross-border currencies
- 24
- Local clearing schemes
- 10
- Payment rails
- SEPA, SEPA Instant, TARGET2, TIPS, Faster Payments, CHAPS, NPP, BECS, SIC, CHATS, SWIFT
- Stablecoins
- EURI (its own), USDC, USDG
Licences
Every Banking Circle licence.
| Country | Licence | Company and number |
|---|---|---|
 Luxembourg | BankCSSF | Banking Circle S.A.LUB00000408 |
| Luxembourg | Crypto-asset service provider (MiCA)CSSF · granted 15 April 2026 | Banking Circle S.A. |
 United Kingdom | Bank branchPRA and FCA | Banking Circle S.A. UK Branch848617 |
 Denmark | Bank branchFinanstilsynet | Banking Circle Denmark29014 |
 Germany | Bank branchBaFin | Banking Circle S.A. German Branch156937 |
 Sweden | Bank branchFinansinspektionen | Banking Circle Sweden76839 |
 Norway | Bank branchFinanstilsynet | Banking Circle S.A. (Luxembourg) NUF934758544 |
 Czech Republic | Bank branchCzech National Bank · granted 1 December 2025 | Banking Circle S.A. Czech branch |
 Liechtenstein | BankFMA Liechtenstein | Banking Circle (Liechtenstein) AG288771 |
 Australia | Regulated subsidiaryAPRA · trading as Banking Circle | Australian Settlements Limited |
For your business
Banking Circle on your bank statement.
Banking Circle explains on its own site why companies see its name on statements: a payment company they use holds their money there. Three things to check:
Read the IBAN
Accounts on Banking Circle often have a Luxembourg, German or Danish IBAN even when the app is based elsewhere, as at Vivid Business and Phoenix Payments.
Know what is protected
Payment companies keep customers' money in safeguarded accounts at Banking Circle. Safeguarded money is kept apart from the company's own, but it is not a deposit.
Keep a second account
Two apps on the same partner can fail together. A second account issued by a different institution keeps salaries and suppliers paid.
FAQ
Your questions, answered.
Can my company open an account with Banking Circle?
No. Banking Circle says it does not hold funds or manage accounts directly for the companies whose money sits with it. It serves payment companies, banks and other financial institutions, which give accounts to their own customers.
Why is Banking Circle on my bank statement?
Because a payment company you use holds your money, or routes your payment, through Banking Circle.
Is Banking Circle a bank?
Yes. Banking Circle S.A. is a bank licensed in Luxembourg by the CSSF (bank number LUB00000408), with branches in Denmark, Germany, Sweden, Norway, the UK and the Czech Republic.
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