Current account
Bank account is the account, which is the centre of all our provided services. A current account is for making money transfers and cash transactions, depositing and managing finances via Internet Bank.
Advantages
- Safely manage and transfer your company’s funds
- Easy managing in different digital channelsOpen additional current accounts to separate the funds for different purposes or projects
- Get account statements and transaction information in the most convenient way and format for you. See more
Multi currency account options
- Receive domestic and cross-border payments either converted into euros or in the received foreign currency
- Add additional currencies and make payments in various currencies from a single account
- Buy and sell foreign currency
Manage your accounts conveniently
Only the administrator of company’s internet bank have rights to manage accounts.
To apply the administrator rights, please contact your client executive, register for a video meeting or visit the nearest bank branch.
- Change settings of the accounts at any time
- No need to contact the bank and submit applications
- Save financial resources – no commission fee is applied to the changes made in the internet bank
Only the administrator of company’s internet bank have rights to manage accounts.
To apply the administrator rights, please contact your client executive, register for a video meeting or visit the nearest bank branch.
Deposits guarantees
Deposit and Investment Insurance stipulates guaranteed compensation to the amount of the deposit (but not exceeding 100,000 EUR) per depositor, if the deposit is not available. Your funds are ensured according to deposit guarantee law which stipulates guaranteed compensation to the amount of the deposit, if the deposit is not available.
| Services | Charges |
|---|---|
| Minimum bank service fee: bank account opening (except account opening for non-residents3) bank account maintenance bank account closure administration of incoming payments2 |
EUR 3.30 per month1 |
| Minimum bank service fee for non-residents3: bank account maintenance bank account closure administration of incoming payments2 |
EUR 50 per month1 |
| Account opening for non-residents | EUR 0.00 |
| Data verification4 | EUR 700 |
| Payment institutions or E-money institutions monthly service fee for: - Safeguarding account, or - Customer payment account |
EUR 700 per month |
| Account balance fee5 for business customers6 (for balances exceeding EUR 1 000 000, SEK 9 500 000, DKK 7 500 000, CHF 1 000 000) | Central Bank7 annual interest rate (%), assuming a year of 360 days |
| Account balance fee5 for credit institutions8 and brokerage firms (for balances exceeding EUR 500 000, SEK 9 500 000, DKK 7 500 000, CHF 1 000 000) | Central Bank's7 annual interest rate (%) minus 0,5 percentage point, assuming a year of 360 days |
| Bank account statement for period indicated by a customer | EUR 10 |
| SWIFT account statements / report9 | |
| MT940 – end-of-day account statement EUR 35 per month | |
| MT941 – account balance report: - once per day EUR 30 per month - twice per day EUR 60 per month - three times per day EUR 90 per month |
|
| MT942 – information about account EUR 2 per message transactions |
|
| Mailing of a statement of bank account or any other document: | |
| by post in Lithuania | EUR 1.45 |
| by post to a foreign country | EUR 5.79 |
| Payment document endorsement by the bank | EUR 0.58 (per 1 page) |
1 The fee is applied for every bank account of a customer.
2 Administration of incoming payments in all currencies transferred within SEB Bank and administration of incoming payments in euro from other banks registered in Lithuania, the EU, the EEA countries, Switzerland, Monaco, San Marino and Andorra.
3 All legal persons having their registered office outside Lithuania are classified as non-resident customers.
4 The fee applies to business customers registered in the Republic of Lithuania, if at least one of such customer’s participants (founders / shareholders / members), ultimate beneficiaries and / or private / legal persons in the ownership/control structure comply with the definition of the private / legal non-resident customer, as is indicated in the pricelists for private and business customers. The fee shall be paid before the verification carried out by the bank and before the bank’s decision to start business relationship with the customer, also, each time, when during the relationship with the customer, the data of the persons indicated in this section changes.
5 We will give 10 working days' notice of the fee. The fee shall be calculated for each calendar day on the basis of the total amount of the customer's bank account balances at 23.00 and the amount of payment orders submitted by the customer to the payee's payment service provider after the deadlines for the execution of payment orders5. The fee component of the amounts of the submitted payment orders shall be calculated until the bank transfers the funds under the payment orders to the payee's payment service provider or its correspondent bank. The fee shall not apply if the central bank interest rate in the relevant currency listed in the table is zero or above zero. The fee shall be debited in the following calendar month in respect of the preceding month in accordance with the procedures set out in the Bank's General Rules.
6 Business customer means a customer to whom the Bank applies business customer service fees.
7 EUR – ECB deposit facility rate
SEK – Sveriges Riksbank repo rate
DKK – Danmarks Nationalbank Certificates of deposit rate
CHF – Swiss National Bank negative interest rate
8 Credit institution means banks of the Republic of Lithuania, branches of foreign banks, representative offices of foreign banks, banks of the European Union operating in our country without establishing a branch, credit unions operating in Lithuania and the Central Credit Union of Lithuania, as well as financial companies controlled by foreign banks licensed by the European Union and operating in Lithuania without establishing a branch.
9 The fee is applied per each account based on agreement. The amount of the fee calculated for the month is debited at the end of month.
Documents and requirements for opening an account
The main and one of the most important conditions to open the current account with us is that your company must have a connection with Lithuania.
We may ask for additional documentation, information or explanation where this is required (e.g. account statement, documents proving the origin of the funds, information about the group’s structure, beneficiaries etc.) according to local and international laws and regulations as well as to respect “Know your customer principle” before entering or proceeding with business relations.
If you need to open account before registering company, visit Start-up account page.
Please be reminded that starting on August 1, 2022, legal entities shall provide the information on their beneficiaries to the Beneficiaries Subsystem JANGIS of the State Enterprise Centre of Registers. This obligation is being implemented due to the change in the Law on the Prevention of Money Laundering and Terrorist Financing. If the data is not provided, we will not be able to consider starting a business relationship with an organization.
- Identity document of the representative of the company
- Access code to Centre of Registers for electronic certified extract or original expanded extract from the Centre of Registers (<3 months before applying to bank)
- Company's incorporation documents (Articles of Association, regulations, etc.)
- Company seal if such is required by founding documents or by laws
- Questionnaire for Legal Entities
- If the legal entity is a general or limited partnership - a joint activity agreement
- if the agreement is signed by the authorised person of the legal entity – notarized power of attorney to sign a bank account agreement approved by the head of the legal entity
The bank may ask you for additional documents or information where this is required according to laws and regulations (documents proving the origin of the money, information about the group’s structure, true beneficiaries and etc.)
Any transcripts of documents filed at the bank must be notarized.
- Certificate of registration from the Register of Legal Entities (issued < 3 months before the legal entity applies to the bank) or the Certificate of Incorporation
- Company's incorporation documents (Articles of Association, regulations, etc.)
- Transcript of the decision of the management body which testifies to the appointment of the head and the right to dispose of the funds contained in the account, if this is not established in the incorporation documents
- Power of attorney to sign a bank account agreement issued by the head or other management body of the legal entity, if the agreement is signed by a person authorised by the legal entity
- Relevant identity document of the person who signs the agreement:
- Company seal if such is required by founding documents or by laws
- Questionnaire for Legal Entities, if the ultimate beneficial owner (beneficiary) of funds in the account is another person as well as Entity tax residency self-certification form
- Legal entity’s shareholders structure
- Detailed written description of economic activities and business interests in the Republic of Lithuania
- Documents supporting the economic need of banking services in the Republic of Lithuania (e.g. agreements with business partners in the Republic of Lithuania, etc.)
- 12 recent months’ statements of accounts from financial institutions whose services are used by the legal entity
- Annual Accounts
All these documents must be translated into Lithuanian and the translator’s signature must be certified by a notary of the Republic of Lithuania. The documents must also be legalized according to the laws and regulations of the Republic of Lithuania.
The bank may ask you for additional documentation or information where this is required according to laws and regulations.
Please send all the required documents by email at non-residents@seb.lt. Following the document verification, which may take up to 3 months, the customer will be contacted personally.
- The Memorandum of Association or the Incorporation Agreement of the legal entity or its notarized copy
- Application to Open an Accumulation Bank Account (to be completed at the bank)*
- If the bank account agreement is signed by someone else than the founders and such authorisation is not established in the Memorandum of Association or in the Incorporation Agreement, a notarized power of attorney to sign a bank account agreement issued by the founders is needed
* There is a convenient option to open the accumulative account in SEB online.
- A taxpayer's registration certificate
- An order of the Minister of Justice of the Republic of Lithuania on the appointment of an individual to the position of a bailiff, if the account is being opened for a bailiff
- A certificate issued by the Lithuanian Bar Association which grants the right to practice as lawyer, if the account is being opened for an attorney
- A decision of the Lithuanian Bar Association to include an individual in the Lithuanian List of Legal Assistants, if the account is being opened for a legal assistant
- An order of the Minister of Justice of the Republic of Lithuania on the appointment of an individual to the position of a notary, if the account is being opened for a notary
- The original copy or a notarized transcript of the registration certificate of a farm, if the account is being opened for a farmer
- Application to Open an Account (to be completed at the bank)
- Questionnaire for Legal Entities
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