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Opening bank account

To open a bank account in Lithuania is relatively easy. However, foreigners are usually required to already have a residence permit and be registered as residents of Lithuania.
Lithuania's banks are classified as being highly secure and reliable. The three largest banks operating in Lithuania — AB SEB bank, Swedbank, AB and AB DNB bank — have very solid capital buffers and assess risks conservatively enough. In order to open a current bank account in Lithuania, a natural person must submit: 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) and a residence permit and other documents, in the case of foreign residents.

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