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 services is one of the simplest, safest, and most convenient Alternative Payment Methods (APMs) for Payments Businesses. You can access SEPA Direct Debit Payments along with the Dynamic Mandate Management solution via the Banking Circle API.
The Dynamic Mandate Management solution offers you different levels of security based on your customer profiles, with the aim of reducing customer chargebacks and the manual admin involved.
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)