What is IBAN?

IBAN stands for International Bank Account Number mandatory in all European Union Member States. This format facilitates payment transactions between partners in different countries with different bank recognition and account numbering systems, therefore when making payments in Euro to customers of the European Economic Area banks, the account number in IBAN format must be entered in the recipient's field. If you do not enter the IBAN, you will not be able to make payment as a transfer in Euro, resulting in increased bank charges for you and the recipient, longer transaction times, as your payment will be processed as a transfer in other currency.

IBAN Bank account number in Lithuania consists of 20 symbols:

Country code in letters LT
2 check digits (automatically assigned by the bank) XX
5 digits bank code 40100 (Luminor code)
11 digits XXXXXXXXXXX
E.g. LT124010012345678901

 
The list of countries, in which IBAN is mandatory or strongly recommended.

Can I open an account remotely?

Yes, if you are of full age, have valid passport or identity card of the Republic of Lithuania and use qualified Smart-ID or mobile signature. More information is available here.

What are the steps of remote account opening?

Individuals of full age, holding passports or identity cards of the Republic of Lithuania, initiate remote account opening process, fill in and sign client's questionnaire, initiate video call with the bank consultant. During the call, the bank employee will identify the potential client and agree on bank account opening and service provision. More information is available here.

Who can apply for remote account opening and what documents are required?

Exclusively citizens of the Republic of Lithuania holding a passport or identity card of the Republic of Lithuania, and qualified Smart-ID or mobile signature (needed when completing the client's questionnaire and signing agreements) can become clients and open bank accounts remotely. More information is available here.

How to open the first account for a citizen of the Republic of Lithuania?

First bank account for a citizen of the Republic of Lithuania can be opened:

  • by visiting any customer service centre (advance booking is required by phone +370 5 239 3444) and presenting a passport or identity card.
  • remotely, if a person is of full age and has qualified Smart-ID or mobile signature.

How to open the first account for a non-citizen of the Republic of Lithuania?

First bank account for a non-citizen of the Republic of Lithuania can be opened by visiting any customer service centre (advance booking is required by phone +370 5 239 3444). Foreign citizens must present one of the following documents:

  • Foreign citizen's passport.
  • Diplomatic passport.
  • EU resident's identity card.
  • Permit of residence in the Republic of Lithuania (temporary or permanent) or a certificate issued by the Migration Department under the Ministry of the Interior of the Republic of Lithuania on the individual's right to reside in the Republic of Lithuania (temporarily or permanently) (if any).
  • Documents proving the need for banking services in Lithuania. *
* Required if a foreign citizen needs to have access to manage accounts remotely or receive payment cards (e.g. documents certifying receipt of regular incomes in the Republic of Lithuania, documents certifying ownership of real estate in the Republic of Lithuania, etc.).

How to open an account on behalf of a minor (under 14 years old)?

If you want to open a bank account on behalf of a minor (under 14 years old), visit the nearest customer service centre (advance booking is required by phone +370 5 239 3444) and provide the consultant with the identity documents of the minor and both parents, adoptive parents or guardians. Minor's identity will be checked by his/her identity document (birth certificate, passport, etc.).

Account on behalf of a minor can be opened exclusively by his/her parents, adoptive parents or guardians.

Account can be opened by their authorised persons upon presentation of a notarised power of attorney (if the power of attorney does not contain data of the minor's identity document, a copy of the latter document must be presented).
 
If needed, you must also present: 

  • documents proving appointment of the person(s) as lawful adoptive parent(s) or guardian(s) of the minor;
  • court decision on the right given to one of the parents to live with the child, when the minor's parents are divorced or live separately.

How to open an account on behalf of a minor (from 14 to 17 years old)?

A minor (from 14 to 18 years old) can open account with the consent of his/her guardians by visiting the nearest customer service centre (advance booking is required by phone +370 5 239 3444). Minor's guardians include his/her parents, guardians or other legal or natural persons. Both guardians must present consents in the form established by the bank at the bank division or on Internet bank. A minor must present his/her identity document (passport or identity card) and birth certificate or an extract certifying birth record from the civil registry office.
 
If a minor is married, he/she must present a marriage certificate as well. In such event, consent of parents, adoptive parents, guardians or carers is not required.

Can an authorised person open a bank account?

Yes. If a bank account is opened or a bank account agreement is signed by your authorised person, he/she must provide our consultant with his/her identity document and power of attorney stating that the authorised person has the right to open a bank account in your name. We carry out operations exclusively on the basis of powers certified by the notaries of the Republic of Lithuania or equivalent. In addition to the power of attorney, the authorised person must present a document certifying the principal's identity or its notarised copy.

How could I get a bank account statement?

Bank account statement can be generated on Internet bank (Accounts/Cards → Statements). If you do not use Internet bank, you can receive your bank account statement at the nearest customer service centre (advance booking is required by phone +370 5 239 3444). Account statement issue is charged the fee specified in the Pricelist.

How long can it take to open an account for a new customer?

Account opening in a bank's division takes approximately 45 minutes. If a client is a non-citizen of the Republic of Lithuania, data check and account opening may take longer.

Interview on account opening remotely lasts approximately 10 minutes.

Is a driving licence sufficient for opening an account?

No. When opening an account and identifying a person, identity documents with the person's citizenship recorded are used.

How to close not the last bank account?

You can close not the last bank account by logging on to Internet bank and filling in an application (Applications → New application → Accounts → Account(s) closing application → Fill in), calling +370 5 239 3444 or visiting the nearest customer service centre (advance booking is required by phone +370 5 239 3444).

How to close the last bank account?

You can close the last bank account by logging on to Internet bank and filling in an application (Applications → New application → Accounts → Account(s) closing application → ​Fill in), calling +370 5 239 3444 or visiting the nearest customer service centre (advance booking is required by phone +370 5 239 3444).
 

How much account closing cost?

No account closing fee is applied.

Will my bank account number change following renewal/order of a new payment card?

Following renewal/order of a new payment card, the account number remains unchanged.

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