Satchel Reviews

DO NOT BANK WITH SATCHEL EU ITS A SCAM

I opened an account with this scam They ripped me off of over 500 Euro to open the account which I felt was unfair and THEN GOT TOLD I needed to keep a min 250 EURO in the account to keep the account open I was not aware of this Now I want to close the account and have to pay an additional 150 Euro to close the account DO NOT BANK WITH SATCHEL EU

card and swift dont work useless STAY AWAY

- the account they open only works in EU SEPA payments SWIFT didnt work - 50 eur account opening fine I guess - 50 eur minimum balance and if you want to send this last 50 eur nope its not possible the account will not let you send the last 50 eur and you are already in -100 eur - the virtual card doesn t work tested steam netflix and prime none of them worked it is practically useless they can open legit EUR IBAN but it feels like a scam nothing works properly if they are after the fees they get the fees and you have very useless EUR account for yourself

I applied for a satchel account and was

I applied for a satchel account and was refused with no explanation I am a British citizen resident in Russia and my British pension has been stopped since February 2023 due to sanctions in Russia They used Citibank for cash transfers but Citibank no longer functions for cash transactions to Russia and have been advised by the pension department to find a bank account outside Russia and they will continue payment What I need is an account number and an online banking service that will receive cash transactions from the pension department to enable me to receive my income in Russia My bank in Russia is Unicredit Bank which is not sanctioned I can t understand while first a friendly promising to help a British pensioner get his pension I go through the ordeal of being accepted an account a day later you close it stopping a British pension having his much needed pension Why refuse a man his pension

FRAUD WARNING

I recently registered for a personal account with Satchel EU and paid nearly 700 euros as the account opening fee they required A few days ago they suddenly sent me an email stating that my account would be closed within one business day The email mentioned that I have the right to retain my assets and that they would be returned to me Of course no reason was given for the account closure Considering this to be a fraudulent act aimed at extracting a high opening fee I demanded a refund of nearly 900-1 000 euros which included the account opening fee and the balance As you might expect they ignored my contact attempts and this morning I received a notification that the 250 euros in my balance had been paid to Satchel in an unusual manner and at the same time my account was closed There is only one thing you should know DO NOT use Satchel Using this service means contributing to their fraudulent activities Such fraudulent actions are unacceptable and I plan to take legal action through the police The bank seems to be based in Lithuania while the CEO appears to be based in Ukraine If the funds are not refunded by the end of this week I will file a complaint with the police in both countries At the same time I will report their illegal activities to the institution that manages banking licenses in Lithuania UPDATEThis fraud bank team contacted me after I left the comment here and Google Map review The points are below - Unable to inform the reason of closing my personal account even it s strangely done after I paid for the expensive fee for opening the account - The balance 250 EUR was all taken just right before closing the account because they forgot to charge the monthly fee in the past Of course no confirmation or such proof documents were sent to me - Correcting about the fee for the opening the account was 575 EUR and of course this Satchel fraud team wouldn t mean to refund What to do the next I have done with reporting to the Bank of Lithuania for this issue about the crime act and requiring to suspend the banking license The next week I am going to report to the Lithuanian police via online form also legal service to submit the crime activity of Satchel Also going to report the Ukrainian police for CEO of Satchel under the fraud crime activity which purposely stole the expensive opening fee and purposely closing the account right after To all the victims of Satchel s fraud crime Please follow the same action and it s very necessary to suspend their fraud crime under acting as the banking service

a great fraud at the level of

a great fraud at the level of identifying the limited liability company s company then identifying you where the face system is not working If you send them documents otherwise by email it s bad Identifying the company is simple they make a horror story out of it When you resign from their services they say that they reject your application and provide this information in the banking system a big scam and avoid it at all costs

Seems like fraud

Seems like fraud Wish I read the comments before I sent money through swift and after 3 weeks there is still not an single update The customer support sends the same answer not helping in any way Absolutly stay away from this company

Unwillingness to deal professionally with issues at hand

When I contacted the bank re the bad reviews on this site and asked for an explanation they refused to elaborate in any way shape or form on the issues being touched on in the reviews on this site The problem is if there is any substance to these claims of fraudulent business practices then this is a case for the Attorney General Handling clients accounts is the key competence of any bank If funds just disappear or unreasonable fees are being charged this may lead to the withdrawal of the bank licence

Tried to contact them but not even one

Tried to contact them but not even one reply in 2 months