Satchel.eu Recenzje 36

Odpowiedź od Satchel.eu

Wczoraj

Dear Benjamin Choukroun,

Thank you for your feedback. We regret that your application experience has led to such significant frustration.

To clarify: Satchel collects documentation as part of our mandatory Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance obligations under EU law. This information is used solely for regulatory assessment purposes and is protected under strict GDPR data protection standards. We do not collect documentation “in purpose” for any reason other than fulfilling our legal obligations as a licensed financial institution.

Application decisions are based on comprehensive risk assessments and regulatory criteria. While we understand that receiving a decline after submitting extensive documentation is disappointing, these requirements and assessment processes are standard across all regulated financial institutions in the EU.

Regulatory oversight: Satchel operates under License No. 28 issued by the Bank of Lithuania, our primary regulator. Our licensing and compliance status is publicly verifiable through the Bank of Lithuania’s official registry. We welcome regulatory scrutiny and cooperate fully with all supervisory authorities.

We understand you are frustrated with the outcome, and we respect your right to pursue any inquiries you feel are necessary.

Kind regards,
Satchel Team

Odpowiedź od Satchel.eu

Wczoraj

Dear Oleksandr,

Thank you so much for your wonderful review! It’s truly rewarding to hear that Satchel has earned your trust over the past several months.

We’re delighted that you’re enjoying the speed of our SEPA transactions and finding the app intuitive and user-friendly. Our team works hard to ensure prompt, efficient support, and it’s great to know this comes through in your experience with us.

Feedback like yours motivates our entire team and reminds us why we do what we do. Thank you for choosing Satchel for your financial needs and for taking the time to share your positive experience.

We’re here whenever you need us, and we look forward to continuing to serve you!

Kind regards,
Satchel Team

Odpowiedź od Satchel.eu

Wczoraj

Dear Viorel T,

Thank you for your feedback, and we sincerely apologize for the time and effort you invested in the application process.

We understand how frustrating it is to go through a detailed documentation process only to receive a decline. Please know that application decisions are never made lightly and are based on comprehensive regulatory and risk assessment criteria that we must apply consistently to all applicants.

Being a law-abiding individual with good financial standing is important, but our assessment also considers factors such as the nature of planned business activities, geographic risk factors, compliance with our service capabilities, and our ability to adequately support specific business models within our regulatory framework.

Sometimes, despite an applicant's good standing, we determine that we cannot provide the appropriate level of service or that another financial institution may be better suited to their needs.

We recognize that the extensive documentation requirements followed by a decline can feel like wasted effort. We are continuously working to improve our pre-screening process to provide earlier indications where possible, though regulatory requirements mean that some reviews can only be completed after full documentation is submitted.

We genuinely appreciate the time you invested and wish you success in finding a financial partner that better matches your specific requirements.

Kind regards,
Satchel Team

Odpowiedź od Satchel.eu

Wczoraj

Dear Antonio Colaprico,

Thank you for your feedback. We regret that your application experience did not meet your expectations.

Regarding account reviews: As a regulated financial institution, we conduct compliance reviews when required by law. The duration varies depending on the complexity of each case and the information needed. Clients can request account closure at any time, though certain regulatory or security procedures may need to be completed first.

Regulatory oversight: Satchel operates under the full supervision of the Bank of Lithuania and is subject to regular audits and compliance reviews. Our license number (28) and regulatory status are publicly available and can be verified through the Bank of Lithuania’s official registry.

We understand that our service model may not suit everyone’s needs, and we respect your decision to look for alternatives that better match your requirements.

Kind regards,
Satchel Team

Odpowiedź od Satchel.eu

21 sty 2026

Dear F I,

Thank you for your feedback. We’re sorry to hear that your account opening experience was frustrating.

To clarify: Satchel is a licensed Electronic Money Institution regulated by the Bank of Lithuania (not Latvia), operating under EU financial services regulations.

Regarding the verification process:

Biometric verification: We use facial recognition technology to verify identity and prevent fraud. If the system encounters technical difficulties, our team follows up with alternative verification methods to complete the process securely.

Source of funds questions: As a regulated financial institution, we are legally required under EU Anti-Money Laundering regulations to understand the nature and purpose of the business relationship with our clients. Questions about the origin of funds and intended account usage are mandatory compliance requirements – not optional inquiries. All licensed banks, EMIs, and payment institutions across Europe must collect this information during onboarding.

These requirements exist to protect the integrity of the financial system and all customers using it. While we understand this level of scrutiny can feel intrusive, declining to provide this information means we cannot proceed with account opening, as we would be in breach of our regulatory obligations.

We regret that our service was not the right fit for your needs.

Kind regards,
Satchel Team

Odpowiedź od Satchel.eu

21 sty 2026

Dear Mark,

Thank you so much for taking the time to share your positive experience! Reviews like yours truly mean a lot to our entire team.

We’re delighted to hear that our Customer Service team has provided you with the support you deserve. Delivering proactive, helpful, and friendly service is at the heart of what we do, and it’s incredibly rewarding to know that this comes through in your interactions with us.

We understand that our pricing reflects the comprehensive compliance and service standards we maintain, and we appreciate clients like you who recognize the value of personalized support and reliability.

From the entire Satchel team, thank you for your trust and your kind words. If you ever need anything in the future, we’re always here to help.

Wishing you continued success with your business!

Kind regards,
Satchel Team

Odpowiedź od Satchel.eu

21 sty 2026

Dear Lyuben,

Thank you for your feedback. We’re sorry to hear about your frustration and understand this situation has been confusing.

It appears there may have been a misunderstanding about our account opening process and fee structure. Let us clarify:

Account opening fees: For certain account types, particularly non-EU business accounts, there is an account opening fee that must be paid before the account becomes fully operational. This fee is clearly outlined in our pricing webpage. If you deposited funds before completing the account opening requirements, those funds would be held in your account but the account would not be active for transactions until the opening fee is settled.

Account status: If your account is not yet fully activated, this means the onboarding process has not been completed. We do not hold funds “hostage” – your balance remains in your account throughout this process.

Next steps: We would like to help resolve this situation. Please contact our support team at support@satchel.eu and we can:
- Clarify your current account status
- Explain the specific fees applicable to your account type
- Discuss options available to you, including account closure and return of your deposited funds

We understand that pricing information may not have been clear to you during registration, and we apologize if this caused confusion. Our team is ready to assist you directly and find an appropriate resolution.

Kind regards,
Satchel Team

Odpowiedź od Satchel.eu

21 sty 2026

Dear MithiVayu,

Thank you for taking the time to share such detailed and balanced feedback about your experience with Satchel. We genuinely appreciate your honesty.

We’re pleased to hear that you found our interface user-friendly and our SEPA payment services reliable. We’ve invested significantly in making our platform intuitive and ensuring SEPA transactions are processed efficiently.

Regarding the challenges you’ve highlighted:

SWIFT payment delays: We sincerely apologize for the delays you experienced with international SWIFT transfers. While SWIFT payments can sometimes be affected by intermediary bank processing, correspondent banking relationships, and compliance checks by third-party institutions, we recognize that 3-week delays are unacceptable for business operations. This is an area we are actively working to improve through enhanced banking partnerships and better communication during the transfer process.

Pricing & fees: We understand that our fee structure, particularly for non-EU business accounts, is higher than some alternatives. Our pricing reflects the regulatory compliance requirements, enhanced due diligence processes, and operational costs associated with serving international business clients. We strive to be transparent about all fees in our pricing documentation.

Onboarding process: As a regulated EMI, we must complete thorough KYC and compliance checks, but we are continuously working to streamline this process without compromising regulatory standards.
Your feedback about SWIFT services is valuable and will be shared with our operations team as we work to enhance our international payment infrastructure. We appreciate customers like you who provide constructive feedback that helps us improve.

Thank you for choosing Satchel for your SEPA payment needs during the past year.

Kind regards,
Satchel Team

Odpowiedź od Satchel.eu

21 sty 2026

Dear Sol Relord,

Thank you for sharing your feedback. We're sorry to hear that our onboarding process did not meet your expectations.

As a licensed Electronic Money Institution regulated by the Bank of Lithuania, we are legally required to comply with the EU's Anti-Money Laundering Directives (AMLD) and Know Your Customer (KYC) regulations. These requirements are not discretionary – they are mandatory under EU law for all financial institutions operating within the European Economic Area.

The regulatory framework we follow includes:
- EU Directive 2015/849 (4th Anti-Money Laundering Directive)
- EU Directive 2018/843 (5th Anti-Money Laundering Directive)
- Lithuanian Law on the Prevention of Money Laundering and Terrorist Financing

These regulations require us to verify customer identity, understand the nature and purpose of business relationships, and conduct ongoing monitoring. All licensed EMIs, banks, and payment institutions across Europe must comply with these same standards.

We understand that thorough verification processes can feel intrusive, but these measures are designed to protect the financial system and all customers using it. We strive to make this process as clear and efficient as possible while meeting our legal obligations.

If you have specific questions about the documentation we requested or our verification process, we're happy to clarify through our official support channel at support@satchel.eu.

Kind regards,
Satchel Team

Odpowiedź od Satchel.eu

18 sie 2025

Dear TOUATI ISAM EDDINE,

Thank you for taking the time to share your feedback. We understand your frustration with this situation and sincerely regret that your experience did not meet your expectations.

As a regulated Electronic Money Institution (EMI), Satchel operates within strict regulatory frameworks that govern our ability to intervene in commercial disputes between third parties. While we facilitate secure payment transactions between accounts, regulatory guidelines limit our involvement in contractual disagreements between businesses, even when both parties hold accounts with us.

We take all customer concerns seriously and encourage any client experiencing issues to contact our Customer Support team so we can review their specific situation within our regulatory obligations. Our team is committed to providing clear guidance on available options and ensuring customers understand our services and limitations.

We continuously strive to improve our customer communication and service delivery. Your feedback helps us identify areas where we can better explain our processes and regulatory constraints to prevent misunderstandings.

If you would like to discuss your specific case further, please feel free to reach out to our Customer Support team directly with your account details, and we will be happy to review what additional guidance we can provide within our regulatory framework.

Thank you again for your feedback.

Kind regards,
Satchel Team

Odpowiedź od Satchel.eu

4 cze 2025

Dear nursijanare,

Thank you for your detailed feedback. We understand the impact that account restrictions can have on your business and sincerely regret the inconvenience.

As we do not disclose client information publicly, we can only discuss your individual case directly, respecting your data privacy.

Kind regards,
Satchel Team

Odpowiedź od Satchel.eu

4 cze 2025

Dear Customer,

Thank you for sharing your experience. We are sorry to hear about the difficulties you have encountered.

At Satchel, security measures such as two-factor authentication (2FA) are in place to protect our clients’ accounts and personal data. If you experienced issues accessing your account, this may have been related to security protocols designed to safeguard your funds.

Please be assured that any fees applied are outlined in our pricing documentation, which is provided to all clients at onboarding. We encourage clients to review this information carefully.

Kind regards,
Satchel Team

Odpowiedź od Satchel.eu

4 cze 2025

Dear Gev,

Thank you for your feedback. We regret to hear about the challenges you have experienced.

Satchel pricing reflects the regulatory requirements and operational costs associated with providing secure financial services. We continually work to improve the functionality of our platform and the quality of our customer support.

Regarding your funding concerns, payment processing times can vary depending on the payment method and banking partners involved. If you are encountering delays or difficulties, we encourage you to contact our support team directly at support@satchel.eu with the relevant transaction details so that we can assist you promptly.

We take all complaints seriously and strive to respond to each one through our official channels.

Kind regards,
Satchel Team

Odpowiedź od Satchel.eu

4 cze 2025

Dear Otimo,

Thank you for sharing your concerns. We regret to hear about the difficulties you experienced and understand how frustrating this situation must be.

Satchel is committed to operating in full compliance with all applicable financial regulations and to providing secure and reliable services. Security measures such as two-factor authentication (2FA) are implemented to protect our clients’ accounts and funds.

Technical issues can sometimes occur, and we apologize if the support you received did not meet your expectations. Please be assured that our team strives to resolve such matters promptly and transparently.

Regarding your account closure and funds, as per regulatory and security protocols, transfers can only be initiated by the account holder for security reasons. If you continue to experience difficulties with the online banking platform, please contact our support team at support@satchel.eu with detailed information, and we will escalate your case to ensure it is reviewed thoroughly.

We appreciate your patience and the opportunity to address your concerns.

Kind regards,
Satchel Team

Odpowiedź od Satchel.eu

4 cze 2025

Dear Zach,

Thank you for sharing your feedback.

At Satchel, our onboarding process follows strict regulatory requirements, including detailed Know Your Customer (KYC) and Anti-Money Laundering (AML) checks. These procedures require the collection of specific information and documentation to ensure compliance with legal obligations and to protect both our clients and the institution.

While we understand that this process can be demanding, these measures are standard practice across the financial services industry. Account application decisions are based on regulatory guidelines and internal risk assessments, which sometimes result in applications being declined without detailed public explanation, in order to protect client confidentiality and comply with data protection regulations.

Kind regards,
Satchel Team

Odpowiedź od Satchel.eu

4 cze 2025

Dear N. Parker,

Thank you for your feedback.

Satchel is a licensed Electronic Money Institution regulated by the Bank of Lithuania. We operate in full compliance with EU financial and data protection regulations, including strict Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures.

Our account opening fees, including those for non-EU corporate clients, are clearly outlined in our official pricing documentation and are based on regulatory, compliance, and operational requirements. We take transparency and security very seriously, and all client data submitted during the onboarding process is handled securely and in accordance with GDPR standards.

Kind regards,
Satchel Team

Odpowiedź od Satchel.eu

4 cze 2025

Dear Sascha,

Thank you for sharing your feedback.

We are transparent about our pricing, and all fees—including account opening costs, monthly maintenance charges, and transactional fees—are published in our official pricing documentation, available on our website and provided during the onboarding process. We understand that certain fees may seem unexpected if the full pricing details are not reviewed beforehand, and we encourage all prospective clients to carefully review the terms prior to proceeding.

Pricing structures for non-EU business accounts reflect the additional compliance and risk management measures required under regulatory standards. Account closure fees, where applicable, are also outlined in the pricing schedule.

Kind regards,
Satchel Team

Odpowiedź od Satchel.eu

4 cze 2025

Dear Roland,

Thank you for your feedback. We understand your concerns and appreciate the opportunity to address them.

As a regulated financial institution, Satchel is fully committed to operating within the legal and ethical frameworks set by the Bank of Lithuania and EU financial regulations. For confidentiality and legal reasons, we are unable to comment on individual customer cases or third-party reviews, as doing so would breach data protection laws and regulatory obligations.

Please be assured that all customer transactions, fees, and account activities are governed by clearly defined terms and are subject to oversight and audit. We take any allegations seriously and encourage anyone with a concern about their account to contact us directly via support@satchel.eu, where we can provide assistance through secure and official communication channels.

We remain committed to providing secure, compliant, and professional services to all our clients.

Kind regards,
Satchel team

Odpowiedź od Satchel.eu

4 cze 2025

Dear Alexander,

Thank you for taking the time to share your experience. We sincerely regret that you are dissatisfied with the service you received.

Please note that international SWIFT transfers may, in some cases, be subject to delays outside our control due to intermediary bank processing, compliance checks, or incomplete information. We understand how frustrating this can be and we apologize for any inconvenience caused.

For privacy and regulatory reasons, we are unable to provide case-specific information in a public forum. However, we remain committed to regulatory compliance and continuous service improvement.

Kind regards,
Satchel team