Satchel review
Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Satchel is a prepaid business card for companies that pay across borders, with a monthly fee of €0 and a licence from the Central Bank of Lithuania. Costs stay low on the account side, but currency conversion of 1% is the line to watch for teams that spend often abroad.
Key facts
- Best for
- Businesses holding several currencies and paying suppliers, contractors or staff abroad.
- Monthly fee
- €0 (Source, checked September 26, 2026)
- Currency conversion fee
- 1% (Source, checked September 26, 2026)
- Card type
- Prepaid (Source, checked September 26, 2026)
- Top-up fee
- Free or 0.25% (minimum 5 EUR) (Source, checked September 26, 2026)
- Card network
- Mastercard (Source, checked September 26, 2026)
- Currencies
- 20 (Source, checked September 26, 2026)
- Legal entity
- Satchelpay UAB (Source, checked September 26, 2026)
- Headquarters
- Lithuania (Source, checked September 26, 2026)
- Founded
- 2018 (Source, checked September 26, 2026)
- Support channels
- Email, Phone, Help-centre (Source, checked September 26, 2026)
- Features
- Multi-currency, Virtual card, Travel
- Audience
- Business
- Official website
- satchel.eu
Apps and profiles
- Get the app
- App Store
- Elsewhere
- LinkedInXTrustpilot
Pros and cons
Pros
- Holds 20 currencies, with multi currency, virtual card and travel included
- Listed by the Central Bank of Lithuania under licence 28
- Support runs on email, phone and help centre
- Targets business payments, so the account is shaped around invoices and staff costs
Cons
- Currency conversion of 1% sits above the prepaid median of 0.5%, so frequent conversions add up
- Spending stops at the balance you load and top-ups run Free or 0.25% (minimum 5 EUR), so large invoices need planning
- The account is aimed at business users, which leaves everyday personal spending outside its design
Who it suits
- Businesses paying suppliers, contractors or staff in several currencies
- Teams that want virtual cards for software subscriptions in different markets
- Companies after a prepaid multi-currency account with €0 as the monthly fee
Who should look elsewhere
- Skrill, where the monthly fee is €5 against €0 here
- JMMB Moneyline and JMMB Money Transfer prepaid card, which suits readers who want a card for a single market rather than 20 currencies
Where it sits among rivals
Satchel sits at 1 of 419 on the monthly fee ranking, among the cheapest accounts in the comparison. Currency conversion reads the other way: 125 of 259 is well down the field, so the cost picture depends on whether the standing monthly charge or the rate on each conversion matters more to the reader.
How Satchel compares
8.9 vs 9.4
8.9 vs 9.0
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8.9 vs 9.2
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8.9 vs 9.0
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8.9 vs 9.2
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8.9 vs 8.8
8.9 vs 8.8- 8.9 vs 8.8
- 8.9 vs 8.8
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8.9 vs 8.3
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8.9 vs 8.0
8.9 vs 8.0
Where Satchel is available
- Available
- Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden
- Licence in Lithuania
- Central Bank of Lithuania (28), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does Satchel cost to run each month?+
The monthly fee is €0, so there is no standing charge for keeping the account open. Loading money in runs Free or 0.25% (minimum 5 EUR), depending on the top-up method. For a company settling several suppliers each month, those are the two figures to put into the budget rather than the card's headline rate.
What does it cost to convert currency?+
Satchel charges 1% on currency conversion, and the account holds 20 currencies. For a business that receives and pays in several currencies, that rate matters less than how often the balance is actually converted, so it is worth weighing against your own flows.
Who regulates Satchel and is the money protected?+
Satchel is operated by Satchelpay UAB, based in Lithuania, and is listed by the Central Bank of Lithuania under licence 28. A public licence listing means the provider is supervised and its standing can be checked. Because the account is a prepaid card, the balance you spend is the balance you have loaded.
What type of card is it and what network does it use?+
It is a prepaid card on the mastercard network, and multi currency, virtual card and travel come as standard features. That combination suits companies that want a single card for suppliers in different markets rather than a separate account per country, and the multi-currency balance travels with the card.
Can I get virtual cards for online subscriptions?+
Virtual cards are one of multi currency, virtual card and travel, alongside multi-currency and travel. Teams signing up to software and services can issue a card per subscription without passing round a physical card, and the same multi-currency balance sits behind each one, which keeps spend visible against the account.
Who is Satchel aimed at?+
The stated audience is business, so the account is designed around company spending rather than personal daily banking. It fits firms paying contractors, suppliers or staff in other currencies, and fits less well if you want a card for household spending or a child's pocket money.
How do I reach support?+
Support runs on email, phone and help centre, so you can reach the team by email or by phone, or work through the help centre. A help centre covers routine top-up and card questions, while phone support matters when a payment is blocked while you are travelling.
Sources
- satchel.eu checked September 26, 2026
Backs: Currencies, Features
“Unique multi-currency SWIFT accounts that enable international transactions in 20+ currencies”
- satchel.eu/about-us checked September 26, 2026
Backs: Founded, Headquarters
“Founded Year: 2018”
- satchel.eu/faq checked September 26, 2026
Backs: Legal entity, Support channels
“Satchel operates under Satchelpay UAB (reg Nr. 304628112)”
- satchel.eu/fees checked September 26, 2026
Backs: Currency conversion fee, Top-up fee, Monthly fee
“ATM/POS foreign exchange (markup) is charged at 1% for currency conversions outside the card's denomination”
- satchel.eu/payment-cards checked September 26, 2026
Backs: Audience, Card type, Card network
“Business and personal accounts; freelancer accounts”
- lb.lt/en/sfi-financial-market-participants/satchelpay-uab checked September 26, 2026
Backs: Licences
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Free ATM withdrawals, Protection.
Satchel
Businesses holding several currencies and paying suppliers, contractors or staff abroad.