Grow your business
with Satchel

  • Open an account online without waiting in line
  • Get a unique European IBAN
  • Start transacting in 38 currencies through SWIFT and SEPA
  • Enjoy personalised customer support
  • Cover all business expenses with Satchel payment cards
Laptop with online account for business

Solutions for corporate needs

Save funds

Deposit funds for future business purchases and other expenses

Transact with ease

Manage your daily transactions with clients, partners, and suppliers

Invest smartly

Invest your dividends or extra earnings to increase corporate capital

Simplified accounting

Keep track of your account balance and transaction history for efficient and transparent bookkeeping

Remote account opening

  • Simple online application form
  • Personal account management approach
  • Increased data protection

Payment cards that cover your needs

Physical and virtual cards for any purchases

Contactless payments

Payroll programs

ATM withdrawals worldwide

Tailor-made pricing

Multiple currencies for cross-border payments

No more separate accounts for each foreign currency. Send and receive money around the world in 38 currencies with a multi-currency IBAN linked to a single account.

We have offices in 4 European countries. Therefore, it was essential for us to find a unified system that would help to close all financial issues in each of them. Ideally, remotely, since it’s not very convenient to wander between countries for opening accounts and conducting business.
Satchel helps a lot with it. For the entire time of working with them, there were no questions. And you know, taking into account that as an advertising agency we really love questions, that’s actually great.

Viktor Shkurba
CEO at KA.KA.HA

Payroll program

  • Batch payments using our API
  • Issue from 3 to 100 cards
  • Transfers directly from the Client office or the Satchel App
Salary project payroll
Corporate expenses solution
Reach out for more details

Our company operates worldwide and has been in business for over 20 years. We mainly use Satchel to make SEPA and SWIFT payments to our raw materials providers. I really like that we have been assigned a personal account manager who helps us with all processes and questions. In the age of chat bots, I really value this live communication. It’s also great that our money is stored in a segregated account, under full deposit protection of the Bank of Lithuania.

Alexander A.
Head of Development at Trading company

Payroll program

  • Batch payments using our API
  • Issue from 3 to 100 cards
  • Transfers directly from the Client office or the Satchel App
Salary project payroll
Corporate expenses solution
Reach out for more details

Discover the EU-China business direction

Make transfers in Chinese Yuan and Hong Kong Dollar and expand your outreach to the Chinese and European markets. Both EU and Chinese residents are eligible for account opening.

EU-China Payment Infrastructure

Accounts can be opened for both EU and Chinese residents

COMING SOON

SEPA Instant Payment

Instant pan-European transactions with SEPA Instant Credit Transfer.

  • Execution time of 10 seconds
  • Availability 24/7, 365 days a year
  • EUR 100,000 transaction limit

    Safe & Sound

    We adhere to highest EMI security standards to keep your money and personal data safe.

    • Client money is stored on a segregated account with the National Bank of Lithuania
    • Funds protection using 3D secure and 2FA
    Find out more
    Bank card and personal data

    Choose the business account that suits you best

    Choose your business account

    Local

    LT residents

    European

    EU residents

    Ukrainian

    UA residents

    International

    non-EU residents

    Monthly maintenance fee € 4 € 35 € 5 € 50
    Additional account opening (sub-account) € 50 € 50 € 50 € 150
    Instant transfers between Satchel users Free Free Free Free
    SEPA transfers (incoming) Free Free Free Free
    SEPA transfers (outgoing)
    SWIFT transfers (incoming/outgoing)
    Mastercard physical card
    Virtual cards
    Cash withdrawals across the globe
    Mobile banking APP
    In-app live chat support
    All your money is protected by the Bank of Lithuania 100% Secure 100% Secure 100% Secure 100% Secure

    FAQ

    What is a business account?

    Show more Show less

    A business current account is opened in the name of the company and is used for corporate transactions with suppliers, partners and customers, as well as purchases, bill paying etc. It also has a variety of additional uses, such as reporting, audit, salary payout and bookkeeping. Such accounts operate similarly to personal ones, however, business account holders can access services that are unavailable to individual users, such as:

    • Foreign currency transactions
    • Credit checks
    • Payroll
    • Credit line opening

    Today, you can open a business account online, without the need to visit a bank branch and provide heaps of documentation. Check out this page for tips on online account opening for your business.

    Where is the Satchel Business account available?

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    Satchel Business accounts are currently available for companies that are registered and have a physical presence in the European Economic Area (EEA) or Switzerland. This includes the following countries: Austria, Belgium, Bulgaria, Cyprus, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.

    What documents are required to open a Business account?

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    To open a business account with Satchel, you will need to provide the following list of documents:

    1. Online application form.
    2. Copy of the business owner’s passport or ID (only for citizens or residents of the EU or the EEA).
    3. Proof of address.
    4. A detailed business description.
    5. Corporate documents.
    6. Supporting documents on clients/suppliers.
    7. Documents with supporting information about initial funding.
    8. Verification through the Ondato solution.

    More information can be found here.

    What types of accounts do we offer?

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    At Satchel, we offer business and merchant accounts. A business account is opened remotely and allows you to:

    • Get a unique European IBAN;
    • Transact in 38 currencies through SWIFT and SEPA;
    • Enjoy personalized customer support;
    • Cover all business expenses with Satchel payment cards.

    You can learn more about the benefits of the Satchel business account here.

    A merchant account is also opened online and allows businesses to accept multiple payment types, such as debit or credit cards. A merchant account with Satchel allows you to:

    • Accept card payments in 20 currencies;
    • Simplify your reporting process;
    • Use APIs for faster integration;
    • Ensure full security and compliance.

    How much money is needed to set up a business account?

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    On average, banks will require an opening deposit of anywhere from EUR 5 to EUR 1000, depending on the bank itself, its policies, and your business type. Some banks only have a monthly maintenance fee and no initial deposit requirements. The monthly fees can range from EUR 10 to EUR 50.
    You can find the Satchel business account opening fees here.

    Always at your service

    For issues or questions, check out our FAQ page or contact us via phone, email or app chat.

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