Open a Bank Account in Lithuania
Planning your move to Lithuania? Here is everything you need to know about open a bank account for digital nomads and expats in 2026.
Lithuania is arguably the Fintech capital of Europe. It holds more fintech licenses than any other EU country.
- Revolut's Home Base: Following Brexit, Revolut secured its European banking license in Lithuania. If you use Revolut in Europe, your IBAN likely starts with "LT".
- Local Banks: Swedbank, SEB, and Luminor are the traditional giants. Like the rest of the Baltics, you need a local ID and a Personal Code (Asmens Kodas) to open an account, and authentication is entirely digital (via Smart-ID or Mobile-ID).
- Account Freezes: Because the Bank of Lithuania is under pressure to prevent money laundering through its massive fintech sector, anti-money laundering (AML) algorithms are incredibly aggressive. It is very common for foreigners to have their accounts temporarily frozen for receiving large wire transfers from abroad.
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