Compare MONESE vs SatchelPay

MONESE LTD Logo
Trustpilot Rating
Reviews 16,335 | Good
 (4.2)

MONESE LTD is an electronic money institution focused on digital banking and payment services. MONESE LTD offers virtual Euro IBAN accounts, virtual UK accounts, prepaid debit cards, travel money cards, corporate cards to individuals, businesses. In 2018 MONESE LTD had total assets of 20.98 mln GBP, MONESE LTD generated net income of -12,502,270.00 GBP. Incorporated in the United Kingdom, MONESE LTD is authorized and regulated by the Financial Conduct Authority.

Satchelpay UAB Logo
Trustpilot Rating
Reviews 2 | Average
 (3.7)

Satchelpay UAB is an electronic money institution focused on facilitating global payment transactions. Satchelpay UAB offers virtual personal IBAN accounts, virtual business IBAN accounts, merchant accounts with IBAN, physical prepaid cards, virtual prepaid cards to private individuals, international businesses, financial institutions. In 2019 Satchelpay UAB had total customer funds to be safeguarded of 2.42 mln EUR, Satchelpay UAB generated gross profit of 633,000.00 EUR. Incorporated in Lithuania, Satchelpay UAB is authorized and regulated by the Bank of Lithuania.

MONESE Business Focus
digital banking and payment services
MONESE Products
  • virtual Euro IBAN accounts
  • virtual UK accounts
  • prepaid debit cards
  • travel money cards
  • corporate cards
MONESE Clients
  • individuals
  • businesses

View MONESE Profile +

SatchelPay Business Focus
facilitating global payment transactions
SatchelPay Products
  • virtual personal IBAN accounts
  • virtual business IBAN accounts
  • merchant accounts with IBAN
  • physical prepaid cards
  • virtual prepaid cards
SatchelPay Clients
  • private individuals
  • international businesses
  • financial institutions

View SatchelPay Profile +

Compare Personal Accounts

MONESE SatchelPay
CurrencyEUR, GBP, RONEUR, GBP, CHF
and 22 more
Payment Cards physical
virtual
physical
virtual
Personal IBAN available (GB, BE IBAN) available (LT IBAN)
UK Account Number available not available
Customer GroupsEEA residentsEU residents
non-EU residents
Pricing Plans Simple
Classic
Premium
EU
non-EU
Open Account Open Account
 

Currency

MONESE

Monese Current Account is a multi-currency account, allowing the account holder to have funds in EUR, GBP, RON.

SatchelPay

Personal Current Account is a multi-currency account, allowing the account holder to have funds in EUR, GBP, CHF, CNY, JPY, AED, TRY, ILS, PLN, HUF, DKK, SEK, NOK, RON, HRK, CZK, AUD, NZD, CAD, MXN, HKD, SGD, RUB, ZAR, SAR.

Payment Cards

MONESE

Monese Debit Card (MasterCard) can be ordered together with Monese Current Account.

SatchelPay

Satchelpay Personal Card (MasterCard) can be ordered together with Personal Current Account.

International Transfers

MONESE

  • SWIFT Transfers

SatchelPay

  • SWIFT Transfers
  • SEPA Credit Transfers
  • SEPA Instant Transfers

Personal IBAN

MONESE

  • available for verified customers
  • appears automatically for EUR balances
  • UK sort code and account number available for GBP balances

SatchelPay

  • available for verified customers
  • purchased from 7,00 EUR per month

IBAN Countries

MONESE

Individual IBANs assigned to Monese current accounts belong to:

  • Belgium for EUR balances;
  • the United Kingdom for GBP balances;

SatchelPay

Personal IBANs assigned to Personal Current Account belong to Lithuania.

Pricing Plans

MONESE

Monese Current Account is offered with several pricing plans for different customer groups, namely Simple, Classic, Premium.

  • Simple
  • offered to: EEA residents
  • Initial Fee 0.00 EUR
  • Monthly Fee 0.00 EUR
  • Closing Fee 0.00 EUR
  • SEPA Outgoing 0.00 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 0.00 EUR
  • SWIFT Incoming 0.00 EUR
  • A full current account for no monthly cost
  • Free contactless card, £4.95 for delivery
  • ATMs & cash top-ups, £200 free
  • Open Account
  • Classic
  • offered to: EEA residents
  • Initial Fee 0.00 EUR
  • Monthly Fee 5.95 EUR
  • Closing Fee 0.00 EUR
  • SEPA Outgoing 0.00 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 0.00 EUR
  • SWIFT Incoming 0.00 EUR
  • Fixed monthly fee
  • Free contactless card, free delivery
  • ATMs & cash top-ups, £9000 free
  • Open Account
  • Premium
  • offered to: EEA residents
  • Initial Fee 0.00 EUR
  • Monthly Fee 14.95 EUR
  • Closing Fee 0.00 EUR
  • SEPA Outgoing 0.00 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 0.00 EUR
  • SWIFT Incoming 0.00 EUR
  • Unlimited withdrawals
  • Free contactless card, free delivery
  • Fee-free ATM withdrawals and cash top-ups
  • Open Account

SatchelPay

Personal Current Account is offered with several pricing plans for different customer groups, namely EU, non-EU.

  • EU
  • offered to: EU residents
  • Initial Fee 0.00 EUR
  • Monthly Fee 1.00 EUR
  • Closing Fee 50.00 EUR
  • SEPA Outgoing 5.00 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 35.00 EUR
  • SWIFT Incoming 5.00 EUR
  • Open Account
  • non-EU
  • offered to: non-EU residents
  • Initial Fee 575.00 EUR
  • Monthly Fee 35.00 EUR
  • Closing Fee 150.00 EUR
  • SEPA Outgoing 5.00 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 45.00 EUR
  • SWIFT Incoming 10.00 EUR
  • Open Account

How to Open MONESE Account

Opening Monese Current Account
1.
Provide your details online
2.
Upload your proof of identity
3.
Pass video authentication
4.
Account is ready to use in a few minutes
Monese Accounts are available to private individuals, residents of the EEA.
Proof of Identity. Depending of the client's country, MONESE accepts the following documents: passport, national ID card, driving license, residence card.
Identity Verification. Monese requires to take a video selfie using Monese application.
Monese doesn't require to provide either local proof of address documents or credit score documents. However, a proof of address can be used as an identity verification instead of the video selfie.


How to Open SatchelPay Account

Opening Personal Account
1.
Provide your details online
2.
Upload your proof of address
3.
Upload your proof of identity
4.
Pass video authentication
5.
Account is ready to use in a few minutes
Proof of Address. These documents are accepted as a proof of address: utility bill, bank reference, bank statement.


Compare Personal Cards

MONESE SatchelPay
MONESE LTD CardSatchelpay UAB Card
Card Typedebit
physical, virtual
contactless
prepaid
physical, virtual
contactless
Currencysingle currency
EUR, GBP
single currency
EUR, GBP, USD, PLN
Card ProviderMasterCardMasterCard
Order Card Order Card
 

Card Type

MONESE

MONESE cards are debit cards, rather than prepaid cards. MONESE cards are issued as both physical (plastic) and virtual cards; plastic cards are delivered to the customer's address.

SatchelPay

SatchelPay cards are prepaid cards, rather than debit cards. SatchelPay cards are issued as both physical (plastic) and virtual cards; plastic cards are delivered to the customer's address.

Currency

MONESE

Monese Debit Card is a single currency card, it can be issued in EUR, GBP only.

SatchelPay

Satchelpay Personal Card is a single currency card, it can be issued in either EUR, GBP, USD or in PLN.

Customer Group

MONESE

Monese payment cards are available to residents of the European Economic Area (EEA) countries.

SatchelPay

SatchelPay cards are available in the European Economic Area (EEA) countries.

Card Loading

MONESE

Monese cards can be topped up from the cardholder's Monese Current account. Monese accounts can be topped up with a bank transfer. Within the UK Monese accounts can be topped up with cash at the Post Office and PayPoint. Monese also offers cash top-up across Europe via Paysafecash.

SatchelPay

SatchelPay cards can be loaded directly from the cardholder's SatchelPay account.

Card Security

MONESE

3D Secure Payments. 3D Secure makes online shopping safer for both cardholders and retailers, by authenticating that the cardholder is making the transaction at the time of purchase. This enhanced security is by way of an SMS message that’s sent whenever making an online transaction using a Monese card.

SatchelPay

3D Secure Payments. SatchelPay applies 3D Secure program for secure online payments.

Pricing Plans

MONESE

Card Fees and Limits
SimpleClassicPremium
Card Delivery Fee4.95 GBPfreefree
ATM Withdrawal Feeup tp 200 GBP monthly: free
above that: 2.00%
up to 900 GBP monthly: free
above that: 2.00%
free
Foreign Currency Spending Feeup tp 2,000 GBP monthly: free
above that: 2.00%
up to 9,000 GBP monthly: free
above that: 2.00%
free

SatchelPay

Card Fees and Limits
EUnon-EU
Card Issuance Fee24.00 EUR64.00 EUR
Card Shipping FeeRegular: 15.00 EUR
Express: 55.00 EUR
Regular: 15.00 EUR
Express: 80.00 EUR
Monthly Fee1.75 EUR1.75 EUR
Card Loading Fee5.75 EUR0.5% (min. 5.75 EUR)
ATM Withdrawals FeeDomestic: 2.50 EUR
International: 1.1% + 2.75 EUR
Domestic: 2.50 EUR
International: 1.1% + 2.75 EUR
POS Purchase FeeDomestic: 0.40 EUR
International: 0.75 EUR
Domestic: 0.40 EUR
International: 0.75 EUR
POS Single Transaction Limit20,000 EUR20,000 EUR
POS Daily Spend Limit20,000 EUR20,000 EUR
ATM Single Withdrawal Limit500 EUR500 EUR
ATM Daily Withdrawal Limit2,500 EUR2,500 EUR
Daily Load Limit5,000 EUR5,000 EUR
Monthly Load Limit20,000 EUR20,000 EUR
Yearly Load Limit80,000 EUR80,000 EUR
Maximum Card Balance20,000 EUR20,000 EUR