Swedbank Everyday Account Swedbank Lietuva
€0 /month
- Monthly Fee: €0/month
- Interest Rate: 0.00%
- ATM Fee: Free at Swedbank ATMs
Compare Bank Accounts in Lithuania
Live offers across tracked providers in Lithuania — updated daily from the Giraffy database.
Live offers
5 live offers compared from 5 providers, from €0 /month. Updated daily.
SEB Current Account SEB Lietuva
€0 /month
- Monthly Fee: €0/month
- Interest Rate: 0.00%
- ATM Fee: Free at SEB ATMs
Luminor Daily Account Luminor Lithuania
€0 /month
- Monthly Fee: €0/month
- Interest Rate: 0.00%
- ATM Fee: Free at Luminor ATMs
Šiaulių Bankas Current Account Šiaulių Bankas
€0 /month
- Monthly Fee: €0/month
- Interest Rate: 0.00%
- ATM Fee: Free at SB ATMs
Revolut Standard Revolut
€0 /month
- Monthly Fee: €0/month
- Interest Rate: Savings vault rate
- ATM Fee: €200/mo free
What is a Bank Account in Lithuania?
A bank account, typically a current account (atsiskaitomoji sąskaita), is the everyday account you use to receive your salary, pay bills, and make card and online payments. In Lithuania every account comes with an IBAN, a debit card and access to online and mobile banking, and most support instant euro payments. Alongside the traditional banks, Lithuania's large fintech sector means residents can also open fully digital accounts from app-based providers.
How the Lithuanian market works
The market combines a few large traditional banks with a fast-growing set of electronic money institutions and app-based banks, many licensed in Lithuania. Traditional banks offer full-service accounts with branches, while fintechs compete on low fees, slick apps and multi-currency features. Basic payment accounts must be available to all residents under EU rules. Accounts are widely bundled with cards, savings and lending products, and instant SEPA payments are standard.
Benefits
Everyday payments — Receive salary, pay bills and use a debit card for purchases and withdrawals.
Digital banking — Manage money through modern mobile and online banking with instant euro transfers.
Deposit protection — Bank balances are covered up to €100,000 by the deposit-guarantee scheme.
Choice of provider — Pick a full-service bank or a low-fee app-based account to suit your needs.
How to choose
Compare monthly account fees, card fees, ATM-withdrawal charges and any conditions that waive fees, such as a minimum salary deposit. Decide whether you value a branch network or prefer a fully digital app-based account. Check the quality of the mobile app, instant-payment support, and extras like multi-currency or budgeting tools. Confirm whether the provider is a licensed bank with deposit-guarantee cover or an EMI that safeguards funds instead.
Leading providers in Lithuania
Swedbank Lietuva, SEB Lietuva and Luminor Lithuania are the three largest traditional banks, offering full-service accounts with branches and comprehensive products. Šiaulių bankas is a Lithuanian-owned bank with competitive everyday accounts. Revolut, which holds a specialised bank licence in Lithuania, is a leading app-based provider offering low-cost accounts, cards and multi-currency features. Other fintechs add further digital options.
What it costs
Many current accounts have low or no monthly fee, especially for digital or entry-level plans, and euro SEPA payments are typically free. Costs arise from monthly account or card plans, ATM withdrawals beyond a free limit, and premium tiers with added features. Some banks waive fees if your salary is paid in. Comparing the fee schedule against your actual usage reveals the true cost.
Protections and regulation
Banks are licensed and supervised by the Bank of Lithuania within the EU framework, and deposits are guaranteed up to €100,000 per bank by the scheme run by VĮ Indėlių ir investicijų draudimas. App-based EMI providers are also supervised by the Bank of Lithuania but safeguard funds separately rather than offering deposit-guarantee cover. EU payment-services rules protect against unauthorised transactions and ensure fee transparency.
Common questions
Is my money protected? — Yes at licensed banks, up to €100,000; EMIs safeguard funds instead. Are euro transfers free? — SEPA euro payments are typically free or a few cents. Bank or fintech account? — Banks offer branches and deposit-guarantee cover; fintechs offer low fees and modern apps. Can anyone open an account? — EU rules guarantee access to a basic payment account for residents.
The cheapest Bank Accounts in Lithuania is €0 /month from Swedbank Lietuva.
Bank Accounts in Lithuania — FAQ
What documents do I need to open a bank account in Lithuania?
Typical requirements are a government-issued photo ID (passport or national ID card) and proof of address (utility bill or bank statement dated within 3 months). Some banks in Lithuania also require a proof of income or an employment letter. Digital-only banks often verify identity entirely via an app — no branch visit needed.
Can I open a bank account online without visiting a branch?
Many banks in Lithuania now offer fully digital account opening via their app or website, completed in minutes. You'll upload your ID documents and in some cases do a short video verification. Traditional high-street banks may still require an in-person appointment for certain account types.
Are my deposits protected if a bank fails?
Yes — deposits may be protected by your country's deposit guarantee scheme. Check that your chosen bank is regulated by the local financial authority before depositing. If you hold more than the limit, spread balances across separate banking licences to keep everything covered.
What is the difference between a current account and a savings account?
A current account is for everyday spending — it comes with a debit card, direct debits, and a local bank identifier (sort code, IBAN, or BSB depending on your market). A savings account is designed to hold money you don't need immediately and usually pays a higher interest rate, but may limit the number of monthly withdrawals.
What is a challenger bank and is it safe?
Challenger banks are digital-first institutions — examples include Monzo, Revolut, and N26 across Europe, Chime and SoFi in the US, and neobanks like STC Pay in the Gulf. They're generally safe — most are regulated by the local financial authority and offer the same deposit protection as traditional banks — but check the specific licence before depositing large sums.
How long does it take to open a bank account?
Digital accounts typically open within 10–30 minutes once your identity is verified. Traditional bank accounts may take 1–5 working days after in-branch verification. International or business accounts sometimes take longer due to enhanced due diligence requirements.
Do bank accounts charge monthly fees?
Giraffy tracks 5 current account options across Swedbank Lietuva,SEB Lietuva,Luminor Lithuania,Šiaulių Bankas,Revolut banks in Lithuania. Many accounts are free; premium or packaged accounts charge a monthly fee and include benefits like travel insurance or breakdown cover. Filter by 'No Monthly Fee' to find free options.