When sending a transaction, we’ll ask you for information about your contact and their bank account. Make sure to enter all information carefully to avoid delays. Here’s what you’ll need to know:
- Bank name
- The correct IBAN and BIC/SWIFT codes
- The entire name of your contact as it appears on their bank account
- A valid phone number from your contact (city code + domestic number)
- We may ask for your contact's mailing address if required by our payment partner
Bank transfers to most major banks are deposited in 2-3 business days. However, each bank operates differently and may have additional rules and regulations regarding deposits that could add additional transfer time. Please ask your contact to check with their bank for more details.
What are the characteristics of IBAN & BIC in Lithuania?
IBAN stands for International Bank Account Number and is used by banks in European countries for international money transfers. The IBAN is a unique code that identifies a beneficiary’s bank account.
In Lithuania, IBAN codes start with LT, followed by 2 check digits, a 5-digit bank code, and an 11-digit account number. Here’s an example:
LT 12 1000 0111 0100 1000
LT: Country code
12: Check digits
10000: Bank code
11101001000: Account number
A BIC is a unique identifier code for a particular bank. The BIC consists of either eight or eleven characters, including 4 letters identifying the bank, a 2 letter country code, 2 alphanumeric characters identifying the location of the bank, and sometimes 3 alphanumeric characters identifying a specific branch of the bank.
Here’s an example:
INDULT2X
INDU: CitadeleBankas
LT: Lithuania
2X: Vilnius