The account opening process is a nightmare. This institution treats all customers with suspicion. They claim these are regulations, which is simply untrue. I have the official regulations for opening accounts in writing, and anyone can verify them. This is about data collection and monitoring customers. The risk of money laundering through online banks is minimal, and they can detect it easily post-account opening. Their employees seem uninformed and create unnecessary paranoia. AVOID THIS BANK.
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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
