Satchel: one of the leading EMIs based in Lithuania

AlphaLAW in cooperation with Satchel is proud to present a variety of EU IBAN accounts that support hierarchical client structures in different currencies. Companies and entrepreneurs from Europe, EEA, and the UK can easily manage their everyday financial operations with their personalized IBAN accounts. No branch visit is needed for account opening and verification. It is possible to execute both incoming and outgoing SEPA and SWIFT payments with all banks and/or payment institutions.

About Satchel

Satchel is one of the leading EMIs based in Lithuania. Since 2018, Satchel has been providing solutions for various industries and needs - business, merchant, and private accounts with European IBANs, international money transfers, currency exchange, and card services. Satchel also offers unique products such as Banking as a Service (BaaS), Card White label programs, and Software as a Service (SaaS).
Satchel's service combines technology and financial infrastructure to create flexible, secure, and convenient money management solutions for private and corporate clients.

Satchel Products

Multi-currency accounts for international transfers

Satchel allows cross-border transactions, performing payments in 38 currencies with a multi-currency IBAN linked to the client's Satchel account.

Payment Cards

The Satchel card is a go-to tool for businesses or those who lead an active lifestyle and make several payments a day. You can choose the tariff that best suits your spending pattern and manage your card directly from the Satchel app. Use it anywhere, anytime, and enjoy financial freedom.

Fast currency exchange without hidden fees

Upgrade to flexible rates and a tailored approach, based on the amount and frequency of your transactions. Enjoy the most competitive pricing thanks to Satchel's partnerships with multiple providers.

Referral card program

An essential tool for ATM withdrawals and convenient payments. The offer includes an unlimited number of cards, increased spending limits, and tailor-made tariffs.

Banking as Services (BaaS)

Launching your fintech brand can be simple when you choose a White Label solution that allows you to implement payment and financial infrastructure in your design in just a month, with no license requirements.

Payments cards for financial institutions and fintech startups

Expand your market offering with an on-demand, scalable solution for fast and simple payments. Satchel has done its best to make the integration process seamless and ensure flexibility, security, and compliance. The Card White label with a European Mastercard licensee was created by a fintech company for fintech companies.

Powerful APIs

Payment gateway to Centrolink. Automated cloud-based service for payment management across Europe.

• Direct connection to SEPA
• Issuance of unique EUR IBANs
• SEPA transfers
• Fees lower than those set by commercial banks

Card API. Generate and issue physical and virtual cards through cutting-edge API technology.

• Customizable cards
• Full control over transaction approval and management
• No third-party involvement

Payment API. Give your clients access to a set of robust tools for flexible and powerful money management.

• IBAN generation
• Account & card balance check
• Transfer history
• Internal & Outgoing payments
• Profile creation
• Card top-up

API for card acquiring. Generate customized physical and virtual cards for online and in-store payments. A fully automated, easily scalable, and secure service, powered by Mastercard.

• Full compliance
• Flexible rates & tariffs
• No collateral requirements
• Tailor-made fees

Corporate Account

A business account with a unique EU IBAN is a simple way to improve money management.

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Documents needed for corporate account opening

1. Application form (must be filled online).
2. High-quality colored scan copy of the business owner’s passport. The scan of the ID (front and back) will be accepted only for citizens or residents of the EU or the EEA.
3. Proof of address (any utility bill issued not earlier than 90 days before the application form submission)/ bank reference letter/ bank statement translated into English or Lithuanian.
4. Detailed business description: source of funds, website, the nature of incoming and outgoing transfers, which countries are you going to work with, marketing materials ( business cards, brochures, presentations, etc.).
5. Corporate documents: Certificate of Incorporation, Memorandum and Articles of Association, Appointment of directors and shareholders, Certificate of Good Standing/Incumbency (for companies older than 1 year), and any other relevant corporate documents depending on the country of registration.
6. Supporting documents on clients/suppliers (invoices, contracts, draft contracts).
7. Documents with supporting information about initial funding (if the first transfer has been made from a bank, a bank statement is needed; if the first transfer has been made from a partner, an invoice or a contract is needed).
8. Verification through the Ondato solution.

Documents needed for personal account opening

1. Application form (must be filled online).
2. High-quality colored scan copy of the passport
   The scan of the ID (front and back) will be accepted only for citizens or residents of the EU or the EEA
3. Proof of address (any utility bill not older than 90 days), bank reference letter, or bank statement translated into English or Lithuanian.
4. Verification through the Ondato solution.

Best Value

We know that every cent is valuable for startup companies and entrepreneurs, that's why, as a company that deals with fintech start-ups, we are continuously trying to improve fintech services. We cooperate with reliable professional providers from all over the world and can offer the best terms for our customers.

In order to get the best conditions for an account opening with Satchel.eu, we highly recommend using our referral code LSMiq5AEwZnrFcNH (or just mention AlphaLAW during registration) which will allow you to get maximum value for your money.