Updated September 28, 2026 · VaultCue Editorial Team
Satispay vs Step
Satispay
Higher score in this comparison
Step
Where Satispay and Step differ
| Compare | SatispayReviewSee alternativesSee alternatives | StepReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | €0 | $0 |
| Deposit protection | EU DGS up to EUR 100,000 | FDIC up to USD 250,000 |
| Local account details | IBAN | Us ACH |
| Transfer fee | Free to send and receive money to contacts and for SEPA transfers (0 EUR); instant availability top-up 1.00 EUR | Small fee for Instant Transfer to a linked debit card |
| Currency conversion fee | 0.5% | Not confirmed |
| Free ATM withdrawals | €200 | Not confirmed |
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Key differences
- Satispay scores higher overall: 8.9 vs 8.8.
- Founded is lower at Satispay: 2014 vs 2020.
- Satispay is available in 29 more countries.
- Local account details: only Satispay offers IBAN.
- Local account details: only Step offers Us ACH.
- Support channels: only Step offers Chat.
- Audience: only Satispay offers Travelers, Business.
- Audience: only Step offers Teen.
- Pricing model: only Satispay offers Low FX.
- Features: only Satispay offers Digital only.
Our verdict on each
Satispay
Satispay suits everyday spenders and travellers who want no monthly charge, cheap currency conversion and instant transfers between users. The monthly fee is €0, the conversion fee is 0.5%, and the trade off is the savings yield, which sits at 2.61% against a site median of 3%.
Step
Step suits teens and students in the US who want a free everyday account and easy access savings, with an overall score of 6.3. Costs sit at $0 a month and savings run at 3% variable, but that rate waits on a status earned by card spending or qualifying direct deposits.
Score breakdown
| Area | Satispay | Step |
|---|---|---|
| Cost | 9.2Monthly fee of €0, currency conversion fee of 0.5% and free transfers to contacts sit well against the site median of 0.5%. | 9.3HigherMonthly fee of $0 on a no monthly fee model, with free atm for ATM withdrawals. |
| Offer | 9.3Savings pay 2.61% at a variable rate with a €0 minimum, plus €200 of free ATM use. | 9.4Higher |
| Trust | 8.5Higher | 8.1 |
Positions in our rankings
| Ranking | Satispay | Step |
|---|---|---|
| Savings accounts | 435 of 1420 | 490 of 1420 |
Availability and regulation
| Country | Satispay | Step |
|---|---|---|
| Luxembourg | Not confirmed | |
| United States | Not confirmed |
Additional countries for Satispay: 30. Additional countries for Step: 1.
What we checked
Satispay
- satispay.com: 12 facts, checked September 26, 2026
- euclid.eba.europa.eu: 1 fact, checked September 26, 2026
Step
- step.com: 7 facts, checked September 26, 2026
- help.step.com: 4 facts, checked September 26, 2026
Every fact side by side
| Fact | Satispay | Step |
|---|---|---|
| Audience | Travelers, Business | Teen |
| Pricing model | No monthly fee, Low FXCovers more | No monthly fee |
| Features | Free ATM, Digital onlyCovers more | Free ATM |
| Legal entity | Satispay Europe SA | Step Financial LLC |
| Headquarters | Luxembourg | United States |
| Founded | 2014Lower | 2020 |
| Support channels | Email, Phone, Help centre | Chat, Email, Phone, Help centreCovers more |
Savings
| Fact | Satispay | Step |
|---|---|---|
| Headline rate | 2.61% | 3%Higher |
| Rate type | Variable | Variable |
| Minimum deposit | €0 | $0 |
| Access terms | Immediate availability, no lock-in, no withdrawal limits; savings moved instantly to Disponibilita | No savings minimums; 3.00% on savings requires Step Black status, earned by spending $500 with the Step Card or $300 in qualifying direct deposits each calendar month |
| Account kind | Easy access | Easy access |
Money transfer
| Fact | Satispay | Step |
|---|---|---|
| Exchange rate markup | 0.5% to 1% | Not confirmed |
| Delivery time | Real time, instant between Satispay users | Not confirmed |
| Payout methods | Bank, Wallet, Card | Not confirmed |
| Fee to send 1,000 | €0 | Not confirmed |
Where each stands against the rest
| Fact | Satispay | Step | Median |
|---|---|---|---|
| Currency conversion fee | 0.5%at the median | Not confirmed | 0.5% |
| Free ATM withdrawals | €200above the median | Not confirmed | €1 |
Median across 377 listed accounts.
Pros and cons
Satispay
Pros
- A monthly fee of €0, and Satispay ranks 1 of 500 on cost
- Transfers between Satispay users are Real time, instant between Satispay users, and the transfer fee to contacts is €0
- Savings pay 2.61% at a variable rate from a €0 minimum, with immediate availability
Cons
- The savings yield of 2.61% trails the 3% site median
- Cash pickup is not among its payout methods (bank, wallet and card), which cover a bank, a wallet or a card
- The currency conversion margin runs 0.5% to 1%, above the 0.9% site median
Step
Pros
- Monthly fee of $0 on a no monthly fee account
- Savings rate of 3% variable with a minimum deposit of $0
- free atm means no ATM charge when you need cash
Cons
- The full savings rate is tied to a status earned by card spending or qualifying direct deposits, so an inactive month earns less
- Small fee for Instant Transfer to a linked debit card for an Instant Transfer to a linked debit card
Who each suits
Satispay
Who it suits
- Everyday spenders who want an account with no monthly charge and free transfers
- Travellers paying in several currencies who weigh the conversion fee before the rate
- People holding a savings balance they can draw on immediately, with no lock in
Who should look elsewhere
- Skrill or bunq if you want a different provider altogether, since their conversion fees of 3.99% and 3% mean switching does not cut your cost
- PayPal Colombia if you want a wallet for international shopping rather than an everyday euro account
Step
Who it suits
- Teens in the US building their first account
- Students who keep a direct deposit in place to keep the better savings rate
Who should look elsewhere
- bunq and bunq Spain Bank Account, where a euro account serves a euro market rather than a US teen account
- Pixpay FR, which charges a monthly fee of €3.99
Current offers
Satispay
Current offer
Bonus
Welcome Bonus 5 EUR with code WEB: 5 EUR
Sign up by downloading the app and use code WEB
Source, checked September 26, 2026
Step
Current offer
Bonus
Cashback on Step Card purchases with Step Black: Up to 10% cashback on purchases with select Step Black Partners, and unlimited 1% cashback on everything else
Requires Step Black enrollment; Step Black is an earned status available at no cost and full status is earned by meeting qualifying activity thresholds each month
Source, checked September 26, 2026
Bonus
Step savings reward: 3.00% on your savings balance (cash rewards, not interest)
Step Black is an earned status available at no cost; full status is earned by meeting qualifying activity thresholds each month; percentage is variable and may change
Source, checked September 26, 2026
Country by country
| Country | Satispay | Step |
|---|---|---|
| Austria | Yes | No |
| Belgium | Yes | No |
| Bulgaria | Yes | No |
| Croatia | Yes | No |
| Cyprus | Yes | No |
| Czechia | Yes | No |
| Denmark | Yes | No |
| Estonia | Yes | No |
8 of 31 countries where either is available.
Questions about each
Satispay
What does Satispay cost to keep?+
The monthly fee is €0, and no monthly charge is the model listed. Sending and receiving money to contacts and SEPA transfers costs €0. The one extra charge to know is the instant availability top up.
What does it cost to convert currency?+
Conversion costs 0.5%, and the applied margin runs 0.5% to 1%. That sits at the 0.5% site median, while the highest conversion fees on the site reach 7%. Travellers can weigh it against the bank rate.
Step
How much does a Step account cost each month?+
The monthly fee is $0 and the account follows a no monthly fee model, so there is nothing to pay simply for holding it. Cash handling is covered by free atm, so withdrawing at an ATM costs nothing either. The one charge to watch is Small fee for Instant Transfer to a linked debit card to a linked debit card.
What interest do I get on savings?+
The headline savings rate is 3% and it is variable, so it can move rather than being locked. The minimum deposit is $0, which means you can start small. Savings are easy access, so you can take money out without giving up a fixed term.
Other options to compare
Other matchups
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Satispay
Step