Close a Bank Account in Lithuania

This service is designed for expats, residents, or individuals with financial commitments in Lithuania who are looking to close their Lithuanian bank accounts. 

It is ideal for those moving abroad, consolidating their banking services, or changing their financial providers within Lithuania.

The prerequisites for closing a bank account in Lithuania include:

• A valid identity document.
• A non-negative balance in the account.
• Resolution of any linked financial services or obligations, such as loans or direct debits.

1. Initial Consultation: Understand the client's banking situation, including any debts or linked financial products.
2. Documentation Preparation: Gather necessary documents and assist in filling out the bank's account closure form.
3. Closure Request Submission: Submit the closure request via the bank’s preferred channel, either in person, online, or through written communication.
4. Handling of Associated Services: Ensure all linked services are appropriately closed or transferred.
5. Final Confirmation: Obtain official confirmation from the bank of the account closure.

• Professional Support: Navigate the Lithuanian banking system with expert assistance.
• Efficient Closure Process: Ensure a smooth and timely closure of the account.
• Avoidance of Unnecessary Costs: Minimize fees and avoid charges associated with account closure.

• Account Closure Fee: Be aware of potential charges associated with account closure in some Lithuanian banks.
• Management of Linked Services: Assist in closing or transferring investment accounts, loans, and insurance products.
• Documentation and Compliance: Ensure all necessary paperwork is completed in compliance with Lithuanian banking regulations.
• Joint Account Considerations: Coordinate with all account holders for jointly held accounts.
• Informing Relevant Parties: Assist in redirecting salary, pension, or other recurring payments to a new account.