Banking Circle is a Danish payment institution, having also offices in London and Luxembourg. Banking Circle offers an add-on to the correspondent banking model for banks and an alternative for managing multiple banking relationships in different regions for FinTech businesses. In 2019 Banking Circle S.A. (Luxembourg) obtained its banking license.
Banking Circle S.A. participates in the deposit guarantee scheme of Luxembourg. This deposit guarantee scheme applies to all cash deposits made by natural persons (Luxembourg and foreign), SMEs, companies and covers up to up to 100,000 EUR per bank per depositor. Banking Circle S.A. is a member of Fonds de garantie des dépôts Luxembourg (FGDL) and makes its contributions into it.
Banking Circle S.A. is headquartered in Luxembourg.