How to become a customer of SEB Bank?
- Register your company and its name in the Centre of Registers (SERC) online*
- Book a meeting at a bank sub-branch.
If you are SEB’s private customer, you can open an account in the course of a remote meeting - Get ready for a meeting: bear the documents necessary for opening a bank account.
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.
The following documents must be submitted:
- The contract or deed of establishment of a legal entity, or a notary-certified copy of it
- A notarised authorisation of the founders to the representative to sign the bank account agreement (if it is not being signed by the founders, and if such authorisation to the representative is not specified in the founding agreement or deed)
- Application for opening the accumulative account (filled in the bank)
The accumulative account is managed in euros only.
Before opening the accumulative account, we may ask you to submit additional documents, written explanations and to answer our questions about the nature of the company’s activities, planned operations or the origin of capital.
- Paragraph 4 of Article 8 of the Law on Companies of the Republic of Lithuania establishes that the funds in the accumulative account of the company being established can be used only after the company has been registered in the Register of Legal Entities (lit. JAR). Considering this, the funds in the accumulative account can be transferred only to an account opened in the name of the registered company at SEB Bank or another credit or electronic money institution
- If the company is not established, the authorised capital can be paid out from the accumulative account based on the instructions of the founders or the authorised persons
When starting cooperation with new clients, we follow the KYC (Know your customer) principle, which we are obliged to implement based on international and Lithuanian legal acts. It helps prevent money laundering, terrorist financing, identity theft, and protects our customers from fraud. For more information, please see Why do banks ask?
The following documents shall be submitted:
- The access code of the State Enterprise Centre of Registers, which is used to receive an electronic certified extract of a legal entity or the original of an extended extract (issued no earlier than 3 months ago)
- The original or a copy of the company’s documents of establishment (statutes, provisions, etc.)
- Identity document of the person signing the contract (passport, identity card, residence permit)
- Company seal, if the obligation to have it is established in the founding documents or the laws
- Legal entity questionnaire (PDF)
- A detailed scheme of the company’s ownership and control structure and documents validating it
- in the scheme, indicate the data of all participants (legal entities and individuals) who have 25% or more of shares / voting rights at each level of the structure: entity’s name / individual’s name and surname, registration code / date of birth, country of registration / residence and percentage of shares / voting rights available
- provide the documents from a reliable and independent source, containing information about the shareholders / members of the companies participating in the structure
- additional documents do not need to be submitted if such information is provided in the information system of participants of legal entities (JADIS) of the State Enterprise Centre of Registers. Data shall be submitted to JADIS by all legal entities registered in the Republic of Lithuania, whose legal form is UAB, MB, VšĮ, ŽŪB, cooperative company (cooperative), TŪB, KŪB
Before starting our cooperation, we may ask you to submit additional documents, written explanations and ask questions about the nature of the company’s activities, planned operations or the origin of funds (assets). In some cases, opening an account may take up to 10 working days from the date of submission of all standard and additional documents.
Important
- If the contract is signed by a person authorised by the legal entity, it is necessary to have an authorisation to sign the bank account agreement, approved by the head of the legal entity or another management body (if the legal entity is not a our customer, the authorisation shall be certified by a notary)
- If you provide copies of documents, they shall be certified by a notary
- Documents shall be issued no earlier than 3 months before the date of submission to the bank
- Documents issued abroad shall be additionally certified by an apostille or legalised (depending on the country in which they are issued). Documents written in a foreign language should be translated into Lithuanian (the translation shall be signed by the translator, and their signature certified by a notary)
- If the legal entity is a general or limited partnership, please also submit the joint venture agreement or a transcript
The following documents shall be submitted:
- An extract from the register of legal entities (issued no earlier than 3 months before the legal entity applies to the bank to open an account) or the original or a copy of the company’s registration certificate
- The original or a copy of the company’s establishment documents (statutes, provisions, etc.)
- A copy of the decision of the management body of the legal entity, certifying the appointment or election of the manager and the right to dispose of the funds in the account, if this is not specified in the founding documents
- An authorisation to sign the bank account agreement approved by the head of the legal entity or another management body, if the agreement is signed by a person authorised by the legal entity
- The identity document of the person signing the contract:
- Passport of a citizen of the Republic of Lithuania
- Identity card
- Passport of a citizen of a foreign country
- Identity card of a country of the European Union, Liechtenstein, or Switzerland
- Temporary or permanent residence in the Republic of Lithuania permit
- Foreigner’s passport of the Republic of Lithuania
- Company seal, if it is required to have it, according to its founding documents or laws
- Legal person’s questionnaire (PDF)
- The shareholder structure of the legal entity
- A detailed written description of economic activities and business interests in Lithuania
- Documents justifying the economic need for banking services in Lithuania (e.g., contracts with business partners in Lithuania, etc.)
- Account statements from the financial institutions whose services the legal entity uses of the last 12 months
- Annual financial report
All these documents shall be translated into Lithuanian, signed by the translator, and their signature certified by a notary public of the Republic of Lithuania. Documents shall also be legalised in accordance with the procedure established by the legal acts of the Republic of Lithuania.
We may ask you for additional documents, information or clarification, if it is necessary in compliance with the requirements established by law.
Please send all the necessary documents via e-mail nonresidents@seb.lt. Document verification may take up to 3 months. After evaluating the information provided, we will contact the customer personally.
The following documents shall be submitted:
- Taxpayer registration certificate
- If the account is opened to a bailiff, the order of the Minister of Justice of the Republic of Lithuania regarding the appointment to serve as bailiff
- If the account is opened to an attorney-at-law, a certificate issued by the Lithuanian Bar Association, granting the right to engage in the activities of an attorney-at-law
- If the account is opened to an assistant attorney-at-law, the decision of the Lithuanian Bar Association regarding registration of a person on the list of Lithuanian assistants attorney-at-law
- If the account is opened to a notary, the order of the Minister of Justice of the Republic of Lithuania regarding the appointment to perform the duties of notary
- If the account is opened for a farmer, the original of the their farm registration certificate or a notarised copy of it
- Legal person’s questionnaire (PDF)
Special offers for newly established business
If your company was established no earlier than 12 months ago - take a look at our prepared special offers.
- No fee for opening and managing company accounts and transferring money in euros online
- 1% annual interest on savings deposit
- E-commerce payment initiation service free for 3 months
- Any business service plan 1 year free of charge
- Up to three card readers without a subscription fee for 1 year
- E-commerce payment solution without monthly fees
- Unlimited Mastercard Business debit card usage
- SEB Baltic Gateway basic services in operator's channel free of charge
If your company was established no earlier than 12 months ago - take a look at our prepared special offers.
Additionally use:
Payment card readers**
- the subscription fee for the card reader is not applicable for the first year of use
- commission fee - 0.9 percent. card payment amounts and 0.01 EUR per transaction fee
- after the first year of use, a monthly subscription fee of 12 EUR starts to be applied
- the offer is valid if no more than three electronic card readers are installed per company
Payment collection service for e.shops
- Accept payments by MasterCard and Visa
- Payment initiation service from major Baltic banks
- Payments through the PayPal system
- Apple Pay payments
Free knowledge platform for your business
- Practical tips for business growth
- Video stories and interviews with experts
- Free seminars and lectures
Special offers from our partners for new SEB customers
Financial accounting services and business management tools to optimize processes.
- Assistance to new companies in their establishment process
- 100 euro discount when transferring company accounting to RoboLabs
- Free system presentation
Renting and selling e-shops that give you the opportunity to sell more. Lots of integrations and interfaces.
- E-shop rental with 50% discount for 6 months
- E-commerce business training
- Training on advertising and customer traffic
Frequently asked questions
The service plan can be ordered by the head of the company or his authorised person or a person who is authorised by the head of the company to file payment orders in the agreement on electronic services signed between the company and the bank:
- by logging in to the banking web site, if the company has an agreement on electronic services with the bank. To order a service plan STARTAS, write us a message online
- by phone +370 5 268 2822
- by visiting a SEB bank unit
To order a service plan, the company needs to have at least one SEB account.
To order a service plan, non-SEB customers first need to open a SEB account. To learn the quickest way to do it, call us at +370 5 268 2822.
You can choose only one service plan. If you think it is worth changing your plan, you can do this by logging in to the internet bank, by phone +370 5 268 2822 or visiting a SEB bank unit.
Without extra charge you can make the defined number of online transfers while any surplus is subject to the standard fees from the bank’s price list.
Concluding fee is debited on the following day from your indicated account of signing the agreement if an ordered service plan is valid right away. - A concluding fee is not debited if an agreement starts to valid from the beginning of following month
- The monthly fee is charged for the current month
- The monthly fee is not charged on the date of signing the agreement
- The monthly fee is charged on every month 4th day
- If there are no sufficient funds on the linked bank account, the fee will be debited from your other accounts in any currencies
- If you terminate the agreement before the end of the month, the fee will not be refunded and standard service fees from the bank’s price list will start to apply.
- The concluding, monthly fee is charged even if you do not use the services included in the plan
- The agreement takes effect on the date when it is signed by both parties, i.e. you and the bank. The plan may take effect immediately or from the beginning of the following month.
- If the agreement is made online, it takes effect on the date when you log in to the internet bank and confirm the fact of making the agreement.
To change the plan, log into the internet bank, by phone +370 5 268 2822 or visit a bank unit. Once the plan has been changed, a new agreement is signed which will valid from the following month. After a new agreement is signed, the terms and rates defined in it start to apply.
You can cancel the agreement anytime subject to informing the bank:
- to log into the internet bank
- by phone +370 5 268 2822
- by filing a cancellation request at a bank unit
*The offer is valid for companies established during the previous 12 months by opening current account with SEB.
**The offer is valid for newly established companies - these are companies that have not been established for more than 12 months.
