Satchel

Limits

• •Card limits are set channel by channel: at ATMs 500 per withdrawal, 10 withdrawals and 2,500 a day, 20,000 a month; on e-commerce 5,000 per transaction and per day across 20 transactions; at the POS 20,000 per transaction and per day. The card holds at most 20,000.
• •Topping up the card has a ladder of its own: 5,000 a day, 40,000 a month and 200,000 a year.
• •A single SEPA Instant transfer stops at EUR 15,000, for corporate and private clients alike.
• •Card limits come in two versions and the plan is not what decides them: a Regular Spender and an Active Spender have different ceilings. Moving up doubles several of them, ATM from 1,000 to 2,500 a day and from 15,000 to 20,000 a month, e-commerce from 2,500 to 5,000 per transaction and per day, POS from 2,500 to 20,000 per transaction.
• •Topping up the card follows the same split: 5,000 a day for both, but 20,000 against 40,000 a month and 80,000 against 200,000 a year. The card holds at most 20,000 either way.
• •A single SEPA Instant transfer stops at EUR 15,000, for private and corporate clients alike.

Payments & transfers

• •The master account is opened in euro with an IBAN and BIC of its own, and is meant for SEPA payments only.

Cards

• •Issues its cards as a principal member of Mastercard Europe.

Business activity

• •On top of the standard prohibited sectors, the acceptable-use policy separately bans several activities that aren't on that list, including money-exchange dealings; trading of derivatives, options or hedging instruments; bearer shares and bonds; wildlife or CITES-listed species; commercial logging; hazardous chemicals, radioactive materials and ozone-depleting substances; pharmaceuticals or pesticides under international bans; animal fur, bones or ivory; and cultural objects or antiques.
• •Trusts are accepted only if established in Canada, the EEA or Switzerland, and charities only if established in Canada, the EEA, Switzerland, the United States or New Zealand; these entity types established anywhere else are not accepted.

Licence & regulation

• •Operated by the legal entity Satchelpay UAB (company registration number 304628112), holding electronic money institution licence No. 28 from the Bank of Lithuania.