Satchelpay UAB

Satchelpay UAB Logo
Trustpilot Rating
Reviews 2 | Average
 (3.7)
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
Card Providers
  • MasterCard

Personal Current Account

Currency
EUR, GBP, CHF
and 22 more
Payment Cards
physical
virtual
Personal IBAN
available
UK Account Number
not available
Customer Groups
EU residents
non-EU residents
Pricing Plans
EU
non-EU
Currency

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

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

International Transfers

  • SWIFT Transfers
  • SEPA Credit Transfers
  • SEPA Instant Transfers

Personal IBAN

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

Personal IBAN vs EMI Banking Details
While SatchelPay uses an account holder's personal IBAN for some operations, SatchelPay's own banking details are used for the others.

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

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

Opening Personal 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.

See Also

Satchelpay Personal Cards

Satchelpay Personal Card
Card Type
prepaid
physical, virtual
contactless
Currency
single currency
EUR, GBP, USD, PLN
Card Provider
MasterCard
Card Type

SatchelPay cards are prepaid cards, rather than debit cards.

Debit vs Prepaid Cards. Debit cards do not have a separate balance and are connected to an account or e-wallet. Such cards are are loaded automatically when the account/e-wallet is being topped up. Prepaid cards have a separate balance from an account or e-wallet. These cards have to be loaded manually, usually from the account/e-wallet.

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

Currency

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

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 Security

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

Card Issuer

Satchelpay UAB

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

*) 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

Business Current Account

Business Current Account
Currency
EUR, GBP, CHF
and 22 more
Payment Cards
physical
virtual
Personal IBAN
available
Customer Groups
EU based
non-EU based
Pricing Plans
EU
non-EU
Currency

Business 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 Business Current Account.

International Transfers

  • SWIFT Transfers
  • SEPA Credit Transfers
  • SEPA Instant Transfers

Personal IBAN

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

Personal IBAN vs EMI Banking Details
While SatchelPay uses an account holder's personal IBAN for some operations, SatchelPay's own banking details are used for the others.

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

Business 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
  • Open Account
  • 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
  • Open Account

Opening Business Account

Opening Business Account
1.
Provide your details online
2.
Upload your corporate documents
3.
Upload your company details
4.
Upload your proof of address
5.
Upload your proof of identity
6.
Pass video authentication
7.
Account is ready to use in 1 day - 2 weeks



Proof of Address. These documents are accepted as a proof of address: utility bill, bank reference, bank statement.
Company Details. SatchelPay requires a detailed business description including source of funds, website, incoming and outgoing transfers, involved countries.
Corporate Documents include certificate of incorporation, memorandum and articles of association; appointment of directors and shareholders; certificate of good standing (for companies older than 1 year).

See Also

Satchelpay Business Cards

Satchelpay Business Card
Card Type
prepaid
physical, virtual
contactless
Currency
single currency
EUR, GBP, USD, PLN
Card Provider
MasterCard
Card Type

SatchelPay cards are prepaid cards, rather than debit cards.

Debit vs Prepaid Cards. Debit cards do not have a separate balance and are connected to an account or e-wallet. Such cards are are loaded automatically when the account/e-wallet is being topped up. Prepaid cards have a separate balance from an account or e-wallet. These cards have to be loaded manually, usually from the account/e-wallet.

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

Currency

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

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 Security

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

Card Issuer

Satchelpay UAB

Card Fees and Limits
EUnon-EU
Card Issuance Fee64.00 EUR 114.00 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 Fee0.25% (min. 5.75 EUR)0.5% (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

*) 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

Mobile Application: SatchelPay

 4.0, 1 Ratings

SatchelPay
SatchelPay
SatchelPay
SatchelPay Supported Languages
GBEnglish

Company Details

Country of Registration
LTLithuania
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.

Membership
SWIFT
SEPA

Satchelpay UAB is a SWIFT member and a SEPA (SCT, SCT Inst) scheme participant.

MasterCard

Satchelpay UAB is connected to MasterCard payment card scheme.

See Also

Contacts

A. Goštauto str. 40-1, LT-03163, Vilnius, Lithuania
+370 5214 1818
Website Languages
GBEnglish
FRFrench
PLPolish
LTLithuanian

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See Also