In this article, we’re going to share what IBAN LT stands for. But, instead of keeping you waiting, it refers to an international bank account number domiciled in the Republic of Lithuania.
Below, we’ll share how an IBAN domiciled in Lithuania can be used to facilitate international and European transfers on both the SWIFT and SEPA networks.
We will also be answering common questions we get asked about “IBAN LT” and will help clarify a few facts about sending money to and from Lithuania.
On the other hand, if you’re a foreigner and just starting your search for a euro IBAN account you can click here to access our free guide on the topic right now.
Feel free to use the table of contents to jump ahead to the sections most relevant to you.
Table of Contents
- IBAN LT
- How to Use an IBAN Number?
- Frequently Asked Questions
- Do You Want Help Opening Bank Accounts?
IBAN LT
IBAN LT refers to Lithuania’s International Bank Account Number code. The format of Lithuania’s IBAN is twenty characters starting with “LT”. This bank account format can be used to send money internationally or within the European Union.
With this in mind, a money transfer via the SWIFT network or the SEPA payment system from any financial institution will use this international account number. If you want prior validation of the structure of an LT IBAN, you can do this online before completing your banking transaction.
How to Use an IBAN Number?
To use an IBAN number when sending (or receiving) a money transfer, you will follow the same steps that you normally follow when sending (or receiving) money. For example, the party sending the transfer will need the IBAN along with other identifying information about the intended recipient.
The required information will typically include the recipient’s name, address, and account number. Depending on the transfer method you are using, you may also need to provide an email address and phone number.
Send Money Abroad to Other IBAN Countries
Whether you are sending money to a bank account in the same country, or sending money abroad to other IBAN countries, the same process applies. The only variation will come when sending money to SEPA vs SWIFT network countries.
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Frequently Asked Questions
Below are two of the most common questions that we receive from people looking for an IBAN LT. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
What Is LT in IBAN?
In IBAN, LT refers to a bank account that is domiciled in the Republic of Lithuania. Lithuania is a member of the European Union and has been a member of the Single Euro Payments Area (SEPA) since January 1, 2016.
What Country’s IBAN Starts With LT?
The country’s IBAN that starts with LT is the Republic of Lithuania. Lithuania joined the European Union in 2004. In 2015, Lithuania completed the adoption of the euro, replacing the litas. And, in 2016, Lithuania joined the Single Euro Payments Area (SEPA).
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