We maintained a business account for about a year. Here’s my unbiased review. Positive aspects: 1. The interface is user-friendly. 2. SEPA payment services are adequate. 3. Customer support is prompt but seems ineffective. Negative aspects: 1. Opening an account takes too long. 2. The fees are high, including the opening fee. 3. SWIFT payments are unreliable, with potential delays of up to 3 weeks, which is detrimental for any business. 4. Monthly maintenance fees are excessive. Only consider this service for SEPA payments; it's not suitable for SWIFT.
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Satchel is one of the leading European EMIs, est. in 2018. We offer BaaS and white label products, online business/freelancer/personal accounts, EU IBANs issuing, SEPA and SWIFT transfers, virtual/plastic/metal Mastercards.
Our self-sustaining financial eco-system proposes a core banking platform, payment gateways, 300+ APIs, Ondato, Napier, 3D secure & 2FA, and a highly professional team.See more