I think that both are really cute, but I like the carryalls because for some reason I don't really like the zipper on the satchel--although opening and closing the zipper on a carryall can be a PITA. I used to have a black signature carryall a few years ago, but I hardly ever zipped it up. It had shorter straps so I couldn't carry it on my shoulder and it was always in my hand or on my arm in front of me so I was never really worried about someone being able to just stick their hand in and grab something.