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Satchel review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Satchel suits businesses that want a prepaid card for multi-currency spending without a standing charge. Its monthly fee of €0 matches the highest figure in the comparison, but a currency conversion fee of 1% makes it a weaker pick for heavy travel spend than brands that charge no conversion fee.

Key facts

Best for
A business prepaid card with no monthly charge and a multi-currency balance.
Monthly fee
€0↗
Currency conversion fee
1%↗
Card type
Prepaid↗
Top-up fee
Free or 0.25% (minimum 5 EUR)↗
Card network
Mastercard↗
Currencies
20↗
Legal entity
Satchelpay UAB↗
Headquarters
Lithuania↗
Founded
2018↗
Support channels
Email, Phone, Help-centre↗
Features
Multi-currency, Virtual card, Travel
Audience
Business
Official website
satchel.eu

Facts checked September 26, 2026, 5 sources

Apps and profiles

Get the app
App Store
Elsewhere
LinkedInXTrustpilot

Pros and cons

Pros

  • No standing charge: the monthly fee is €0.
  • A 20 currency offer, with a virtual card and travel features listed (multi currency, virtual card and travel).
  • The card runs on the Mastercard network.
  • Support covers email, phone and a help centre (email, phone and help centre).

Cons

  • Currency conversion is the weak point at 1%, ranking 128 of 258 on that measure.
  • As a prepaid card for business accounts, it is aimed at funded balances rather than credit.
  • Support runs on email, phone and help centre only, with no live chat in the list.
Satchel

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Scored 8.9 / 10 by SumCue.

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Who it suits

  • Businesses paying suppliers and staff in several of 20 currencies.
  • Teams that need a virtual card for online spending, one of the listed features (multi currency, virtual card and travel).
  • Firms that want phone and email support (email, phone and help centre) without a monthly charge (€0).

Who should look elsewhere

  • Travellers who convert a lot should weigh bunq, whose currency conversion fee runs 0.5% to 3%, before settling on Satchel's 1%.
  • Anyone wanting credit rather than a prepaid balance should look at Varo Believe Secured Credit Card, with a monthly fee of $0.
  • People who want a general account alongside their spending: Wise lists a monthly fee of £0, and Satchel is built for business use.

Where it sits among rivals

Among the prepaid cards compared here, Satchel's monthly fee ranks 1 of 422. Its currency conversion fee ranks 128 of 258, so the standing account cost is the strongest part of the offer while converting currency is the part that lags the field.

Fees and currency costs

The monthly fee is €0, so holding the account adds no standing cost. Currency conversion is charged at 1%, which is the figure to watch with a multi-currency card. Loading the balance costs Free or 0.25% (minimum 5 EUR), so the top-up route carries either no charge or a small percentage with a floor.

How Satchel compares

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 a Satchel account cost each month?+

The monthly fee is €0, so there is no standing charge for keeping the account open. Funding it costs Free or 0.25% (minimum 5 EUR), depending on how you top up. The recurring cost to plan for is currency conversion, which sits at 1%.

How much does Satchel charge to convert currency?+

The currency conversion fee is 1% on the card. On the comparison, Satchel ranks 128 of 258 on this measure, so it sits well down the table even though its monthly fee ranks 1 of 422. Businesses that convert often should read that gap.

Who is Satchel for?+

Satchel is aimed at business users, so the card is built around business spending rather than personal banking. It is a prepaid card, which means the balance is funded first and spending follows from what has been loaded.

Is Satchel regulated?+

Satchelpay UAB is the legal entity behind the card, and it is licensed by the Central Bank of Lithuania under licence 28. The company is based in Lithuania (LT) and has operated since 2018.

How many currencies can I hold and spend?+

Satchel lists 20 currencies, with multi-currency, virtual card and travel among its features (multi currency, virtual card and travel). For a business paying across several markets, holding a balance in each currency is the point of the card rather than converting on every payment.

How do I get help from Satchel?+

Support runs on email, phone and help centre, so email, phone and a help centre are the listed ways to reach the team. Live chat is not among them, so anyone planning to rely on instant messaging should check that first.

How does Satchel compare with bunq and Wise?+

On the fees compared here, bunq charges a currency conversion fee of 0.5% to 3% and Wise lists a monthly fee of £0. Satchel's own figures are €0 a month, 1% to convert and Free or 0.25% (minimum 5 EUR) to load.

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

Satchel

A business prepaid card with no monthly charge and a multi-currency balance.

8.9/10See alternatives