Opening an Account with Lithuania's SIAULIU BANK
A Lithuanian bank whose shareholders include the European Bank for Reconstruction and Development. The bank provides a classic range of banking services — deposits, loans, letters of credit, payment cards, multi-currency current accounts. Over 20 years of operation the bank has earned a reputation as one of the most reliable banks in the Baltics. A standard set of documents is required to open an account with the bank:
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The company's constitutional documents with an apostille
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Passport of the director and the shareholder
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A completed account opening application with a description of the company's business
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The bank may request additional documents
To open an account, you need to:
- Provide the bank with a description of the company's business and obtain a preliminary decision on opening the account
- Collect the required set of documents
- Agree on a meeting date with a bank officer
- Visit the bank's office in Lithuania to obtain access to online banking
Cost of account opening support
900$
Account types
- Multi-currency
- Personal and corporate
Account opening cost (bank fee)
For legal entities:
Account opening: 145 EUR.
Online banking: 30 EUR one-off for issuing a Digipass.
For individuals:
Account opening: 145 EUR.
Online banking: 30EUR one-off for issuing a Digipass.
Bank presence in other countries
None
Service fees
For legal entities:
Account maintenance: 300 EUR per year.
Subscription fee for using the online banking system – free of charge.
Incoming payments in euros from EEA countries — 5 EUR, from other countries in euros and dollars — 10 EUR.
Outgoing payments in euros via SEPA: standard – 30 EUR; express – 50 EUR.
Outgoing payments in other currencies and in euros outside the EEA via SWIFT:
- standard – EUR 40 EUR
- urgent – EUR 50 EUR
- express – EUR 60 EUR.
SWIFT confirmation — free of charge via online banking.
For individuals:
Account maintenance: 12 EUR per year.
Subscription fee for using the online banking system – free of charge.
Incoming payments in euros from EEA countries — 5 EUR, from other countries in euros and dollars — 10 EUR.
Outgoing payments in euros via SEPA:
- standard – 30 EUR
- urgent – 50 EUR
- express – 60 EUR.
SWIFT confirmation is issued free of charge via online banking.
Account opening time
3-4 weeks
Banking products
- Letters of credit
- Asset management
- Investment portfolio management
- Deposit insurance
- Lending
- Trade and export finance.
Staff
Russian-speaking staff available.
Account management
Online banking.