The process was quick and easy from start to finish. The support team was very responsive and provided clear answers to my questions without any delays. Overall, a smooth and positive experience with... Mehr ansehen
Unternehmen hat geantwortet
Wir überprüfen keine spezifischen Behauptungen, da die Meinungen der Bewerter ihre eigenen sind. Wir können Bewertungen jedoch als „verifiziert” kennzeichnen, wenn wir bestätigen können, dass eine geschäftliche Interaktion stattgefunden hat. Mehr erfahren
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The process was quick and easy from start to finish. The support team was very responsive and provided clear answers to my questions without any delays. Overall, a smooth and positive experience with... Mehr ansehen
Unternehmen hat geantwortet
RUN AWAY From this bank ! they collected all datas / documents in purpose then reject your application. My lawyer has sent an official request without answers. I contacted OLAF (UE authorities ag... Mehr ansehen
Unternehmen hat geantwortet
a great fraud at the level of identifying the limited liability company's company. , then identifying you where the face system is not working. If you send them documents otherwise by email, it's bad.... Mehr ansehen
Unternehmen hat geantwortet
I’ve been a client of Satchel for several years and I definitely plan for long-term. Everything just works smoothly and the team behind it is incredibly well-coordinated. App is user-friendly and easy... Mehr ansehen
Unternehmen hat geantwortet
Satchel is one of the leading European EMIs, est. 2018. We offer BaaS and white label products, online business/freelancer/personal accounts, issue EU IBANs, provide SEPA and SWIFT transfers, virtual/plastic/metal Mastercards. Our self-sustaining financial ecosystem proposes a core banking platform, payment gateways, 300+ APIs, Ondato, Napier, 3D secure & 2FA, and a highly professional team.
Green Hall 1, Upes g. 21 , LT-08128, Vilnius, Litauen
Keine aktuellen Aufzeichnungen über Bewertungseinladungen
Dieses Unternehmen hat Kunden in letzter Zeit nicht zur Bewertungsabgabe eingeladen, daher sind die Bewertungen möglicherweise nicht repräsentativ.
Hat 100 % seiner negativen Bewertungen beantwortet
Antwortet meist innerhalb von 1 Monat
So nutzt dieses Unternehmen Trustpilot
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Personally I cannot recognize the bad experiences people refer to.
Yes, they are more expensive than the average EMI to get started.
But! The customer service level is immense!
Super proactive, helpful, and overall friendly individuals.
I personally want to thank Maksim for resolving everything.

Antwort von Satchel.eu
I uploaded the necessary documents for open an account and deposited a €180 balance for trial purposes. My money is held hostage in and ı cant use it now.They are saying the account is not active and they say I have to pay €575 to activate it and they will cut it 575€ for use this basic account(ı have never seen something like that)Its completely fraud system.I want to close the account but they want €250. It's a complete fraud. Stay away and file a lawsuit for them.

Antwort von Satchel.eu
We had a business account for around a year. I'll write the review with no biasing.
Good Things:
1. Interface is simple. Easy to use banking application.
2. SEPA payments services are good
3. Customer support is good in terms of promptness in responding, but they sound helpless
Bad things:
1. Opening an account is a lengthy process.
2. It's expensive in it charges (even opening fee)
3. SWIFT payments services are worse. They payment can get delayed by 3 weeks. Lethal for any business.
4. Monthly maintenance charges is on higher side.
Choose this bank only if you have SEPA payments to make. Not at all good for SWIFT.

Antwort von Satchel.eu
Opening an account is a disaster. Another paranoid bank that tells its customers that everyone is a criminal. Institutions like these are completely insane. They finally tell you that these are the regulations, which is simply a lie. I have the regulations for opening accounts for bank institutions in writing, anyone can see them. This is all about collecting data and spying on bank customers. Money laundering is so minimal through online banks like Satchel.eu, nearly 0% so that they can immediately see it in the money movements after the account is opened. It's all a lie. There is no money laundering in the banking sector in Europe.
These are simple, useless, primitive bank employees who watch something on TV and then, paranoid in their shitty offices, make up stories with their shitty colleagues.
AVOID THIS BIZARRE BANK

Antwort von Satchel.eu
I deeply regret choosing SatchelPay, UAB as a financial service provider for my company in Lithuania. Despite presenting themselves as a regulated EMI, their actions (or lack thereof) tell a completely different story.
After making a €2,057 payment from my SatchelPay business account to another SatchelPay client (IBAN-to-IBAN transaction) for official accounting services, the recipient refused to deliver the agreed services and rejected my refund request. I immediately contacted SatchelPay, expecting basic client protection or internal resolution — especially since both accounts are held under the same institution.
Shockingly, SatchelPay refused to freeze or investigate the recipient's account, citing that their role is limited to “executing transactions” and they cannot interfere in civil disputes. Even though I provided full evidence of fraud and contract breach, they chose to hide behind vague legal disclaimers instead of protecting their customer.
To make matters worse:
Their customer service response was slow and generic
They accept no responsibility even when both parties are clients of their own platform
They left me to pursue legal action abroad as a foreign entrepreneur, knowing full well how difficult that is
This platform offers no buyer protection, no refund process, and no meaningful dispute resolution — a huge red flag for any legitimate business.
Conclusion:
SatchelPay is not a safe solution for businesses, especially international clients. Their EMI license gives a false sense of security, but once money is sent, you're on your own — even if fraud or non-delivery occurs. Be warned before trusting them with your funds or your business.

Antwort von Satchel.eu
I have been a SatchelPay client, and on April 4, 2024, my business account was temporarily blocked after a payment was cancelled due to a vague “compliance reason.”
I immediately submitted all requested documents, including the invoice and agreement. Despite multiple follow-ups and even filing a formal complaint to the Bank of Lithuania, I have still received no proper update or timeframe.
My funds (around €12,400) are frozen on the account. I cannot access them, withdraw, or complete the payment. Support continues to respond with generic phrases like “we have escalated your request,” with no progress.
This delay is disrupting my business and damaging key partnerships. Satchel’s compliance process lacks transparency, and their communication is far below industry standards.
I will update this review depending on how (and if) this case is resolved.

Antwort von Satchel.eu
Mega scammers.
I opened an account with them, and deposited 25 Euros as a test. I left it for a few months, and then couldn't access my account anymore, even though I'm organized, and I have a password manager and never lost a password or 2FA code every. It just says that the 2FA is wrong.
I tried to contact support, they never helped. Then they closed my account and snatched my money, claiming it's "fees", even though the account was supposed to be free.
Stay away!
Edit: You see kids? We learn from their response that it's my fault that I didn't read their documentation. Silly me! They changed their fee structure, and it's my fault after their crappy system didn't even let me access my account. Stay away from these scammers!

Antwort von Satchel.eu
It is an expensive but dodgy bank. I paid thousands to open an account and now every time I need to fund the account I have to contact them to find the payment! Their account does not have the basic functionality of a bank in 2024! Support is none existence and they do not reply to complaints.
Avoid them as they are really a scam.

Antwort von Satchel.eu
Stay away from Satchel it's definitely a Scam!
Unfortunately I had to experience money scammed out of my new company that I worked so hard to build which put me in a great financial distress!!
I opened an account and got one transfer in of 5,000 Euros. I tried to use the account and pay out but it never worked. I tried going to support to ask for help but they just kept repeating the same questions that I answered already and said they are resetting the 2FA which will fix it.
I tried to verify and activate 2FA after reset for 3 times and it never worked.
When I asked them to close the account and send me my company's funds they said they will not do it and only I can make the transfer online. But the problem is the online banking never works! I contacted them in over 20 emails over 4 months and still they don't give me back my funds. And in all of this time they keep charging me monthly fees.
It probably don't work when I try to pay on purpose because they didn't fix it and they get to keep the money.
SCAM!!!

Antwort von Satchel.eu
They ask a ton of questions and require a million forms, then reject your application to open an account for no reason. Don't bother applying to open an account.

Antwort von Satchel.eu
Its a Fraud. They require 1,000+ Euros in account opening fees. Do not submit your personal ID documents, Its a scam.

Antwort von Satchel.eu
They want 1075 € for opening fee for a non EU business account.
This information is very misleading and hidden on the website.
When signing up, one assumes that it is only 50 euros per month.
However, that is not the case.
From 20,000 euros, they want 0.1 euros per 1,000 euros per day.
Expensive fees for everything.
Even to close the account, they want 250 euros.
I find it very questionable.
No recommendation.

Antwort von Satchel.eu
Tried to contact them but not even one reply in 2 months.
When I contacted the bank re the bad reviews on this site and asked for an explanation, they refused to elaborate in any way, shape or form on the issues being touched on in the reviews on this site. The problem is, if there is any substance to these claims of fraudulent business practices, then this is a case for the Attorney General. Handling clients accounts is the key competence of any bank. If funds just disappear, or unreasonable fees are being charged, this may lead to the withdrawal of the bank licence.

Antwort von Satchel.eu
Seems like fraud. Wish I read the comments before. I sent money through swift and after 3 weeks there is still not an single update. The customer support sends the same answer, not helping in any way.
Absolutly stay away from this company

Antwort von Satchel.eu
a great fraud at the level of identifying the limited liability company's company. , then identifying you where the face system is not working. If you send them documents otherwise by email, it's bad. Identifying the company is simple, they make a horror story out of it. When you resign from their services, they say that they reject your application and provide this information in the banking system. a big scam and avoid it at all costs

Antwort von Satchel.eu
I recently registered for a personal account with Satchel EU and paid nearly 700 euros as the account opening fee they required. A few days ago, they suddenly sent me an email stating that my account would be closed within one business day. The email mentioned that I have the right to retain my assets and that they would be returned to me. Of course, no reason was given for the account closure.
Considering this to be a fraudulent act aimed at extracting a high opening fee, I demanded a refund of nearly 900-1,000 euros, which included the account opening fee and the balance. As you might expect, they ignored my contact attempts, and this morning I received a notification that the 250 euros in my balance had been paid to Satchel in an unusual manner, and at the same time, my account was closed.
There is only one thing you should know: DO NOT use Satchel. Using this service means contributing to their fraudulent activities. Such fraudulent actions are unacceptable, and I plan to take legal action through the police. The bank seems to be based in Lithuania, while the CEO appears to be based in Ukraine. If the funds are not refunded by the end of this week, I will file a complaint with the police in both countries. At the same time, I will report their illegal activities to the institution that manages banking licenses in Lithuania.
UPDATE
This fraud bank team contacted me after I left the comment here and Google Map review.
The points are below:
- Unable to inform the reason of closing my personal account even it's strangely done after I paid for the expensive fee for opening the account.
- The balance (250 EUR) was all taken just right before closing the account because they forgot to charge the monthly fee in the past. Of course no confirmation or such proof documents were sent to me.
- Correcting about the fee for the opening the account was 575 EUR, and of course this Satchel fraud team wouldn't mean to refund.
What to do the next,
I have done with reporting to the Bank of Lithuania for this issue, about the crime act and requiring to suspend the banking license.
The next week, I am going to report to the Lithuanian police via online form, also legal service to submit the crime activity of Satchel.
Also, going to report the Ukrainian police for CEO of Satchel under the fraud crime activity which purposely stole the expensive opening fee and purposely closing the account right after.
To all the victims of Satchel's fraud crime, Please follow the same action, and it's very necessary to suspend their fraud crime under acting as the banking service.

Antwort von Satchel.eu
I was very pleased with the support service. They responded to my request quickly and resolved the problem immediately. You are best. Five stars to the entire Satchel team

Antwort von Satchel.eu
I have a business account with Satchel for 2 years. These guys are quick and seem to be reliable, they're crypto-friendly, making it easy to get fiat into your euro account. They recently added SEPA Inst transfers at no extra cost for additional Inst account opening. They are not the cheapest, but legit and really diligent in compliance. Satchel deals with high-risk, but do charge higher rates for such services.

Antwort von Satchel.eu
I applied for a satchel account and was refused with no explanation.
I am a British citizen, resident in Russia and my British pension has been stopped since February 2023 due to sanctions in Russia. They used Citibank for cash transfers, but Citibank no longer functions for cash transactions to Russia.
and have been advised by the pension department to find a bank account outside Russia, and they will continue payment. What I need is an account number and an online banking service that will receive cash transactions from the pension department to enable me to receive my income in Russia. My bank in Russia is Unicredit Bank, which is not sanctioned.
I can't understand while first a friendly promising to help a British pensioner get his pension, I go through the ordeal of being accepted an account, a day later you close it, stopping a British pension having his much needed pension. Why refuse a man his pension?

Antwort von Satchel.eu
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