If you are planning or have already moved to Lithuania, having a local bank account is
essential. If you're a student, having a bank account is useful for receiving scholarships, paying for tuition or exam retakes, dormitory fees, and other services. If you are working, you will need to provide your account number in IBAN format to receive your salary. 


Why is it important to have a bank account?

Having a bank account is also essential for online shopping. When making online purchases, e-stores often require you to select your bank from a list of popular banks in the country. Additionally, you can use your bank card to make payments at physical stores. The advantage of using a local bank account is that you avoid additional fees that may be charged when using a foreign card with a different currency than the euro.

Finally, having a local bank account gives you access to public services. For example, when connecting to the Electronic Government Gateway, which provides access to online public service portals. Eventually, having a local bank account ensures smoother transactions and security.

Tips for opening a bank account

To open a Lithuanian bank account, you should submit the following papers:

  • an application form which is issued by the bank (each bank has its own forms)
  • an identification document which must be valid (ID card or passport)
  • residence permit in the case of foreign residents
  • Documents proving the need for banking services in Lithuania (for example, official documents like work contracts)
  • For Lithuanian bank accounts, foreigners need to present in person.

Typically, it takes about 5 business days to receive a bank card. You have the option to have the card delivered to your home address or to collect it from your nearby branch personally.

Banks operating in Lithuania
  • Swedbank,
  • SEB,
  • Luminor,
  • Lietuvos bankas,
  • Revolut

For digital bank accounts

  • Paysera
  • Revolut