How to Open a Bank Account in Lithuania

Staying in foreign countries will require much effort, similar way when you move to Lithuania. The first thing that needs to be provided must be a bank account to smooth all your financial activities in this country. Therefore, no wonder many of those who move to Lithuania searching for the best way how to open a bank account in Lithuania.

See Video How To Easily Send Money Abroad

However, it is not much information provided about this thing. So that any overview related to this activity will benefit so much. For those of you who are curious about creating a new bank account in this country, see the following information in detail.

Documents to Provide

Before stepping into the ways of how to open a bank account in Lithuania, the first important thing to provide is the documentation. Each country can have specific requirements related to this documentation. Therefore, you need to prepare accordingly so that your application can be accepted. In general, the documentation to open a bank account in this country includes the following lists.

First, you need to prepare a valid passport. It is a mandatory ID that you need to show whenever you want to open a bank account. Therefore, make sure to prepare your original passport and a copy of it.

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The next document to be provided is your VISA. It is necessary to inform whether you come to Lithuania for a job or study. So that it will give a suitable overview of your purpose living in the country.

You will also have asked to prepare a valid document of your temporary or your permanent residence, whichever is applicable to your current condition. Since the bank will require your local residence address and your phone number for any communication.

Open a Bank Account in Lithuania Offline

To open a bank account in Lithuania is not difficult, as long as you know what to do after preparing the documentation. In this country, the best option is by coming to the bank and open an account through the offline method. This will give you the fastest way to create a new account so that you can directly use the account by that day.

Therefore, if you need an urgent bank account, this is a method that you shall prefer. The following are some steps to open a bank account in Lithuania through the offline method.

• First, you need to come and meet the bank officer. Tell your purpose to open a new bank account and then the bank officer will pass you some documents and registration forms to fill in. After that, you have to fill out all the forms with suitable information that matches your formal ID. Remember that the bank officer will match the form with your ID. Therefore, make sure it is perfectly similar data.
• After finish filling out the form, you can turn back the form to the bank officer. So that he can make a review on your form and validate the data you enter in the form. The bank officer also will make sure that your written data is similar to your passport and your proof of address. So that he can continue to proceed with your bank account number.
• Once the validation is finished, the bank officer will continue to proceed with your new bank account. You will have provided a bank book and a debit card. Then you will have requested to put some amount of deposit according to the bank requirement.
• If you finish putting in the deposit, then your bank account can be active. After that, within an hour you can directly use your bank account for various financial purposes such as money transfers or making payments.

Open a Bank Account in Lithuania Via Virtual Bank

Another option for those who don’t have much time to come to the bank is by using a virtual bank. It is allowed to create an account in the virtual bank in Lithuania. Therefore, this method is a good way for those who want to save more time and effort. To deal with this alternative, you can follow the steps listed in the below points.

Select a suitable virtual account as your preference, and then sign up for your name and ID to this account. You will need to fill in some forms and follow some instructions before the bank account number is provided.

Once you finish this requirement, then your virtual bank account will be prepared. However, this bank account is actually only a benefit to make payments and money transfers to outside Lithuania. Therefore, usually, this is a method selected by a nonresident in Lithuania to get the fastest way to transfer money abroad.

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Those are all the ways how to open a bank account in Lithuania. It is not as difficult as it though, as long as you follow the above recommendation. Through a suitable way of preparing the needed document and following all instructions above, you can directly open a new bank account in the local bank of Lithuania. So that it can help to support your daily financial activities while staying in this country.