Close a Bank Account in Lithuania

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How clients rate our Close a Bank Account Service...

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Very helpful advice and very professional work, I would definitely recommend to everyone!
Katarzyna Chabinka
Katarzyna Chabinka
26 Apr 2024
G o o g l e Review

Service Details

Close a Bank Account

This service is available across Lithuania

Who Is This Service For?

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.

Who Is This Service For?

Prerequisites

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.
Prerequisites

Process

  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.
Process

Benefits - Why Choose Our Service

  • 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.
Benefits - Why Choose Our Service

Components of this Service

  • 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.
Components of this Service

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your professional.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.

Why choose Advocate Abroad?

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