Who is Banking Circle, and why do I need to transfer to them?

Banking Circle is Kompasbank’s partner and handles all payments and transfers on our behalf.

Banking Circle will appear as the recipient when you transfer money to us. However, the amount is automatically credited to your Kompasbank account. Therefore, it is correct that the recipient is listed as Banking Circle, even though the money goes directly into your Kompasbank account.

Banking Circle is a Danish licensed bank regulated by the Danish Financial Supervisory Authority and meets all requirements for security and compliance. Their mission is to increase efficiency and reduce the costs of payments and transfers. Therefore, you can confidently make your transfers – they are processed safely and quickly through our partnership.