Anyone has experience with Satchel bank?

[scooterguy]

Lithuanian bank that seems to open accounts remotely to non-residents: Open Bank Account Online - Simple. Smart. Secure - Satchel

Looks solid enough for keeping amounts under 100K EUR, and apparently it's crypto-friendly.

From a quick glance at their terms and conditions, their fees might amount to 100-200 EUR a year (just a quick glance, I could have missed something).

Anyone has experience with this bank?

 

[SoNewToAllShit]

Would be nice to get new reviews but found these

Is SatchelPay reliable?

I've just created a business account on SatchelPay. I want to use it for my business. Next week I need to receive 50K USD. Do you think it's safe to receive such payments on this emi? As far as I know they don't have good reputation but it's licensed emi. Will you rely on this emi?

www.offshorecorptalk.com

Any reviews about "Satchel" ?

Hello, I'm still looking for EMI for my company to buy and sell crypto vs FIAT (OTC) and today i heard about "Satchel". Please any reviews? are they good? and crypto-friendly? or any suggestions about better EMI's crypto-friendly with a good prices. Regards,

www.offshorecorptalk.com

 

[scooterguy]

Yeah I agree, I saw those posts already but info is pretty outdated.

2 years in bank-related stuff nowadays feels like an entire lifetime.

 

[SoNewToAllShit]

Yeah true I believe should there be negatives to report it would have been reported in these threads.

 

[Clearsky Network]

Its a good EMI with pretty good pricing, but please take into account that their onboarding requirements are pretty hard.
If you are organized with all the documents it shouldnt be a problem

 

[donna4]

If you are not a resident of a EU country, opening personal account costs 575Euros and 35 euros montly maintenance fee which is huge.

 

[scooterguy]

If you are not a resident of a EU country, opening personal account costs 575Euros and 35 euros montly maintenance fee which is huge.

Good point.

They also have a 500 EUR "compliance audit" fee for non-EU residents. No idea what that this but it sounds like some BS yearly overcharge.

CIM looks cheap next to them. Moving on then.

 

[Creocree]

I would recommend this EMI if you have all the company documents and the company website (without a website, onboarding will be difficult and very long). They will ask for documents: bank statement, invoice - confirmation of address (personal and business) + business partners agreements or invoices, also standard KYC verification