Satchelpay UAB

Business Focus
facilitating global payment transactions

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. Incorporated in Lithuania, Satchelpay UAB is authorized and regulated by the Bank of Lithuania.

Products
  • virtual personal IBAN accounts
  • virtual business IBAN accounts
  • merchant accounts with IBAN
  • physical prepaid cards
  • virtual prepaid cards
Clients
  • private individuals
  • international businesses
  • financial institutions

Account Opening

Compared to traditional banks, electronic money institutions offer simple, fast and transparent account opening procedures. SatchelPay offers the following account opening options:

Business Account

1.
Provide your details online
2.
Upload your proof of identity
3.
Upload your proof of address
4.
Upload your company details
5.
Account is ready to use in 1 day - 2 weeks

Personal Account

1.
Provide your details online
2.
Upload your proof of identity
3.
Upload your proof of address
4.
Account is ready to use in a few minutes

Personal Accounts with IBAN

SatchelPay offers the following personal accounts with IBAN:

Product Name
Current Account
EU
non-EU
Customer Group
all countries
Payment Cards
physical
virtual
Currency
EUR, GBP, CHF
and 22 more
Currency
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
Satchelpay Personal Card (MasterCard) can be ordered together with Current Account. Virtual cards are not available.
Personal IBAN
  • available for verified customers
  • purchased from 7,00 EUR per month
Personal IBAN Operations
  • sending EUR to a SEPA country
  • receiving EUR from a SEPA country
  • receiving SWIFT transfers
  • sending SWIFT transfers
EMI Banking Details Operations
  • other transfers
Pricing Plans
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
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

See Also

Business Accounts with IBAN

SatchelPay offers the following business accounts with IBAN:

Product Name
Current Account
EU
non-EU
Customer Group
all countries
Payment Cards
physical
virtual
Currency
EUR, GBP, CHF
and 22 more
Currency
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
Satchelpay Business Card (MasterCard) can be ordered together with Current Account. Virtual cards are not available.
Personal IBAN
  • available for verified customers
  • purchased from 7,00 EUR per month
Personal IBAN Operations
  • sending EUR to a SEPA country
  • receiving EUR from a SEPA country
  • receiving SWIFT transfers
  • sending SWIFT transfers
EMI Banking Details Operations
  • other transfers
Pricing Plans
Current Account is offered with several pricing plans for different customer groups, namely EU, non-EU.
EU

offered to: EU based

Initial Fee 375.00 EUR
Monthly Fee 35.00 EUR
Closing Fee 100.00 EUR
SEPA Outgoing 5.00 EUR
SEPA Incoming 0.00 EUR
SWIFT Outgoing 45.00 EUR
SWIFT Incoming 10.00 EUR
non-EU

offered to: non-EU based

Initial Fee 1075.00 EUR
Monthly Fee 50.00 EUR
Closing Fee 250.00 EUR
SEPA Outgoing 5.00 EUR
SEPA Incoming 0.00 EUR
SWIFT Outgoing 75.00 EUR
SWIFT Incoming 10.00 EUR

See Also

Personal Payment Cards

SatchelPay offers the following personal payment cards:

 Satchelpay Personal Card
prepaid; physical
Card Provider
MasterCard
Customer Type
personal
Customer Group
EEA *)
Currency
EUR, GBP, USD, PLN
single currency
separate balance
Issuer
Satchelpay UAB
Customer Group
SatchelPay cards are available in the European Economic Area (EEA) countries.
Card Loading
SatchelPay cards can be loaded directly from the cardholder's SatchelPay account.
Card Limits
Daily ATM Withdrawal Limit
2,500 EUR
Daily POS Payment Limit
20,000 EUR
Daily Load Limit
5,000 EUR
Monthly Load Limit
20,000 EUR
Annual Load Limit
80,000 EUR
Maximum Balance
20,000 EUR
Card Fees
ATM Withdrawal Fee (Domestic)
2.5 EUR
ATM Withdrawal Fee (International)
1.1% + 2.75 EUR
POS Payment Fee (Domestic)
0.4 EUR
POS Payment Fee (International)
0.75 EUR
Monthly Fee
1.75 EUR
Card Load Fee
5.75 EUR
Card Security
3D Secure Payments. SatchelPay applies 3D Secure program for secure online payments.

*) EEA stands for the European Economic Area and consists of Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.

See Also

Corporate Payment Cards

SatchelPay offers the following corporate payment cards:

 Satchelpay Business Card
prepaid; physical
Card Provider
MasterCard
Customer Type
business
Customer Group
EEA *)
Currency
EUR, GBP, USD, PLN
single currency
separate balance
Issuer
Satchelpay UAB
Customer Group
SatchelPay cards are available in the European Economic Area (EEA) countries.
Card Loading
SatchelPay cards can be loaded directly from the cardholder's SatchelPay account.
Card Limits
Daily ATM Withdrawal Limit
2,500 EUR
Daily POS Payment Limit
20,000 EUR
Daily Load Limit
5,000 EUR
Monthly Load Limit
20,000 EUR
Annual Load Limit
80,000 EUR
Maximum Balance
20,000 EUR
Card Fees
ATM Withdrawal Fee (Domestic)
2.5 EUR
ATM Withdrawal Fee (International)
1.1% + 2.75 EUR
POS Payment Fee (Domestic)
0.4 EUR
POS Payment Fee (International)
0.75 EUR
Monthly Fee
1.75 EUR
Card Load Fee
0.25% (min. 5.75 EUR)
Card Security
3D Secure Payments. SatchelPay applies 3D Secure program for secure online payments.

*) EEA stands for the European Economic Area and consists of Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.

See Also

Operations with Cryptocurrencies

No

SatchelPay do not conduct operations with cryptocurrencies.

See Also

Mobile Applications *)

SatchelPay

*) Based on the information from Apple App Store.

Company Details

Country of Registration
Lithuania
Company Number
304628112
BIC
STUALT21
Authorized By
Bank of Lithuania
Authorization Number
LB000448
Authorization Granted
6 March 2018
Authorized Activities
  • withdrawing cash from a payment account
  • execution of payment transactions on a payment account (not covered by a credit line)
  • issuing payment instruments or acquiring payment transactions

Satchelpay UAB is authorized by the Bank of Lithuania (authorization number LB000448) for withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), issuing payment instruments or acquiring payment transactions. The authorization was granted on 6 March 2018.

EEA Passport
Yes
Deposit Guarantee
No

Due to EEA passport rules Satchelpay UAB, can conduct its activities in any of the 31 EEA member states. Satchelpay UAB do not participate in deposit guarantee schemes.

See Also

Contacts

Jogailos g 4, 01116, Vilnius, Lithuania
0044 7955069596
Website Languages
English
French
Lithuanian
Polish

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See Also