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Satchel

Satchel: industries it takes by its own published rules: AI and SaaS; iGaming, with conditions. Depends on the activity: Crypto; Forex and CFD. Last verified October 17, 2026.

Licensee
SatchelPay, UAB · EMI licensed by the Bank of Lithuania (licence No. 28, authorisation LB000448, valid from 2018-03-06)
Regulator
Bank of Lithuania ·

Where it takes companies from

  • United Kingdom
  • EU / EEA (western & northern, plus Spain, Italy, Portugal)
  • EU / EEA (Baltics, central & eastern, plus Croatia, Greece, Cyprus, Malta)
  • Switzerland / Liechtenstein
  • United States
  • Developed Asia-Pacific
  • United Arab Emirates
  • Latin America
  • Middle East & North Africa
  • Africa
  • CIS / Central Asia / Caucasus
  • Other

The regions its own documents name, read on October 9, 2026

Products it publishes

International payments and FXSays it offers this

SEPA transfers in EUR and SWIFT transfers in 20+ currencies

Satchel · International payments and FX · Offers it · · Source

Enjoy flexible rates and competitive pricing, based on the amount and frequency of your transactions.

Satchel · International payments and FX · Offers it · · Source
Company cardsSays it offers this

Payment cards for your business needs Physical and virtual cards

Satchel · Company cards · Offers it · · Source

A secure and convenient tool for daily online and in-store payments and transfers, powered by Mastercard and branded in your company’s design.

Satchel · Company cards · Offers it · · Source
Bulk payoutsSays it offers this

Payouts via API calls or batch file

Satchel · Bulk payouts · Offers it · · Source

Every provider that says it offers this

Virtual accounts for your customersSays it offers this

Unique EU IBANs and card issuance, client SEPA & SWIFT transactions management, all with Satchel API.

Satchel · Virtual accounts for your customers · Offers it · · Source

Every provider that says it offers this

Crypto on- and off-rampSays it does not offer this

While Satchel does not directly facilitate crypto custody or exchange, it provides the regulated financial environment web3 companies need once crypto has been converted into fiat.

Satchel · Crypto on- and off-ramp · Does not offer it · · Source

Every provider that says it offers this

Does not say it offers: Accepting card payments, Safeguarding account, Client money account, Escrow

As its own pages say it, each quote with the date we read it. A product it does not mention is never shown as one it does not offer.

Currencies it holds

Holds EURa balance; account details of its own on the local payment system

Unique European SEPA IBAN

Satchel · EUR · · SourceThis quote speaks to: account details

SEPA transfers in EUR and SWIFT transfers in 20+ currencies

Satchel · EUR · · SourceThis quote speaks to: a balance

Access your main EUR business account.

Satchel · EUR · · SourceThis quote speaks to: a balance; account details
Holds GBPa balance

Our unique SWIFT business accounts offer access to the following currencies: EUR (Euro) USD (United States Dollar) GBP (British Pound Sterling) CHF (Swiss Franc) JPY (Japanese Yen) CAD (Canadian Dollar) AUD (Australian Dollar)

Satchel · GBP · · SourceThis quote speaks to: a balance

You can also choose whether to store funds in the original transaction currency or convert them into other available currencies, like USD, HKD, GBP, or CHF

Satchel · GBP · · SourceThis quote speaks to: a balance
Holds USDa balance

Our unique SWIFT business accounts offer access to the following currencies: EUR (Euro) USD (United States Dollar) GBP (British Pound Sterling) CHF (Swiss Franc) JPY (Japanese Yen) CAD (Canadian Dollar) AUD (Australian Dollar)

Satchel · USD · · SourceThis quote speaks to: a balance

You can also choose whether to store funds in the original transaction currency or convert them into other available currencies, like USD, HKD, GBP, or CHF

Satchel · USD · · SourceThis quote speaks to: a balance
Holds CHFa balance

Our unique SWIFT business accounts offer access to the following currencies: EUR (Euro) USD (United States Dollar) GBP (British Pound Sterling) CHF (Swiss Franc) JPY (Japanese Yen) CAD (Canadian Dollar) AUD (Australian Dollar)

Satchel · CHF · · SourceThis quote speaks to: a balance

You can also choose whether to store funds in the original transaction currency or convert them into other available currencies, like USD, HKD, GBP, or CHF

Satchel · CHF · · SourceThis quote speaks to: a balance
Holds CADa balance

Our unique SWIFT business accounts offer access to the following currencies: EUR (Euro) USD (United States Dollar) GBP (British Pound Sterling) CHF (Swiss Franc) JPY (Japanese Yen) CAD (Canadian Dollar) AUD (Australian Dollar)

Satchel · CAD · · SourceThis quote speaks to: a balance
Holds HKDa balance

You can also choose whether to store funds in the original transaction currency or convert them into other available currencies, like USD, HKD, GBP, or CHF

Satchel · HKD · · SourceThis quote speaks to: a balance
Holds AUDa balance

Our unique SWIFT business accounts offer access to the following currencies: EUR (Euro) USD (United States Dollar) GBP (British Pound Sterling) CHF (Swiss Franc) JPY (Japanese Yen) CAD (Canadian Dollar) AUD (Australian Dollar)

Satchel · AUD · · SourceThis quote speaks to: a balance

Does not say it holds: SGD

Only currencies its own pages name, each quote with the date we read it. A currency it does not mention is never shown as one it does not hold.

Policy by industry

Satchel: published policy by industry
IndustryStatusChecked
AI and SaaSYes
iGamingWith conditions
CryptoDepends on the activity
Forex and CFDDepends on the activity
AdultNo
Unlicensed financial servicesNo

No published rule (read in full on October 9, 2026): Marketplace

Has this rule changed? Tell us

Alternatives to Satchel

Fees

Satchel: published fees
PlanAccount openingMonthlyChecked
EU tariff€375 account opening€35 · Source
Non-EU tariff€1,075 account opening€50 · Source

Fees of every provider

Closing an account

10.7. Satchel is entitled to terminate relations, including concluded agreements (without any reason) with the Client, with a prior 60 (sixty) days’ notice.

Notice before closing · · Source

(b) for non-consumers – the right to refer the dispute to the courts of the Republic of Lithuania.

Complaints and where to go next · · Source

Account closed or frozen? What Satchel’s terms say

Rules about countries

Blacklisted Jurisdictions: Afghanistan American Samoa Angola

Satchel · Refuses companies or owners from · · Source
All countries named (97)

Afghanistan, American Samoa, Angola, Bangladesh, Barbados, Benin, Bolivia, Botswana, Brunei, Burkina Faso, Burundi, Cambodia, Cameroon, Cayman Islands, Central African Republic, Chad, Congo-Brazzaville, Côte d’Ivoire, Cuba, Djibouti, Dominica, DR Congo, Equatorial Guinea, Eritrea, Eswatini, Ethiopia, Fiji, Gabon, Gambia, Ghana, Guam, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Iran, Iraq, Jamaica, Kiribati, Kosovo, Kyrgyzstan, Laos, Lebanon, Lesotho, Liberia, Libya, Madagascar, Malawi, Maldives, Mali, Mauritania, Mauritius, Micronesia, Mongolia, Mozambique, Myanmar, Namibia, Nauru, Nicaragua, Niger, Nigeria, Niue, North Korea, Pakistan, Palau, Palestinian Territories, Panama, Papua New Guinea, Russia, Rwanda, Samoa, São Tomé & Príncipe, Senegal, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Tanzania, Timor-Leste, Togo, Tonga, Trinidad & Tobago, Turkmenistan, Turks & Caicos Islands, Tuvalu, U.S. Virgin Islands, Uganda, Vanuatu, Vatican City, Venezuela, Yemen, Zambia, Zimbabwe

What we read

Countries it takes
Searched, none published · satchel.eu/supported-countries · satchel.eu/faq/satchel-current-account
Rules on owners and directors
Read · satchel.eu/fees · satchel.eu/documents-set-for-business
Prices
Read · satchel.eu/fees