Lithuanian banks: opening an account in Lithuania

For non-resident companies and individuals who need a euro-area IBAN starting with LT, with multi-currency payments and remote access.

No adviser can guarantee that an account will be opened: the decision sits with the bank's compliance team, and how long the review takes depends on the bank. When a profile has little chance, we say so before the first document is prepared. We reply within one business day.

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Why non-residents look at Lithuania

• A euro-area IBAN with SEPA transfers and multi-currency accounts.
• A deep bench of licensed electronic money institutions that onboard remotely, where a classic bank wants you in a branch.
• Deposits held with a Lithuanian bank fall under the EU deposit guarantee scheme.
• Full online banking, so a director runs the account from abroad.
• Accounts are available to residents and non-residents alike.

Bank or electronic money institution

This choice drives everything else. A bank gives you a guaranteed deposit account, credit lines and a long relationship, in exchange for a heavier review and often a visit in person. An electronic money institution gives you an IBAN and payments, onboards faster and remotely, with no deposit guarantee and no credit. A foreign-owned company that mainly needs to pay and get paid usually starts with an EMI; holding treasury calls for a bank.

How to open an account for a legal entity

1. Intake: countries of the directors and owners, industry, monthly volumes, counterparty countries.
2. Shortlist of providers that accept the profile. Some rule out whole industries or countries of residence, and that is checked before anything is filed.
3. File: articles, register extract, beneficial owners, passports, proof of address, business description, source of funds.
4. Submission, compliance interview, follow-up questions.
5. Decision, then handover of the access credentials.

Some providers charge a review fee that stays with them even if the application is refused. We tell you which ones before filing.

Accounts for individuals

A non-resident individual goes through almost the same review as a company: identity, address, source of funds and, above all, a link to Lithuania. Without a clear reason — work, study, property, family, a local company — the application is declined. Classic banks usually want the applicant in the branch with a passport and, for visa nationals, a valid Schengen visa.

Best bank for a foreign-owned Lithuanian company

The answer changes with the case. The provider that fits depends on where the owners live, what the company sells, which countries the money moves between and how much of it moves each month. We take those four inputs and come back with the providers that accept the profile, together with their onboarding requirements.

Frequently asked questions