Accounts

Opening a current account is necessary for managing your finances  in any of the banking channels. A bank account can be opened in euro or a foreign currency.

With Danske Bank account you can achieve more 

  • Being the part of Danske Bank Group allows us to store the customer information on your accounts and services in the systems of Danske Bank Group in the Kingdom of Denmark. This means that your accounts and money are treated equally to accounts in any other country where the Group operates.
  • You will easily manage your company's daily finances through Danske Bank account.management tools – Danske eBank, Danske mBank or other.
  • You will be able to use your account for various needs – weather it’s receiving necessary financing from the bank, funds from your partner, trading abroad or many more.

More about accounts

  • The documents necessary for opening an account

    For a legal person registered in the Republic of Lithuania

    For stock companies, joint stock companies, their structural subdivisions and branches, budgetary enterprises and organisations, religious and other public organisations, political parties, non-profit organisations and foundations, etc.:

    • The application form for account opening.
    • The questionnaire for the legal entity.
    • The signature and stamp sample card.
    • The detailed extract from the Register of Legal Entities, approved with the stamp of the State Company Centre of Registers or an access code to the database of the State Company Centre of Registers for obtaining an electronic certified extract of a legal entity.
    • The articles of association, statute, or regulations or their certified copy.
    • Authorized persons are supposed to have valid passports and documents proving their empowerment and the company's stamp.

    Commandite and unlimited partnerships:

    • The application for account opening.
    • The questionnaire for the legal entity.
    • The signature and stamp sample card.
    • The detailed extract from the Register of Legal Entities, approved with the stamp of the State Company Centre of Registers or an access code to the database of the State Company Centre of Registers for obtaining an electronic certified extract of a legal entity.
    • The collective joint activity agreement or a certified copy of it.
    • Authorized persons are supposed to have valid passports and documents proving their empowerment and the company's stamp.

     

    Sole proprietorships and farmers:

    • The application for account opening.
    • The signature and stamp sample card .
    • The questionnaire for the legal entity.
    • The detailed extract from the Register of Legal Entities, approved with the stamp of the State Company Centre of Registers or an access code to the database of the State Company Centre of Registers for obtaining an electronic certified extract of a legal entity.
    • The company's by-laws, if the company has been established electronically, or the access token which can be used for formulating the company's regulations.
    • The owner is expected to have a valid passport or other ID papers including the company's stamp (if any). If an authorized person opens a bank account, a power of attorney must be submitted too alongside with the company's by-laws, which are required to specify that a given company is run by a different person.

     

    Individual enterprise wishing to open a start-up account for accumulating capital:

    • The application for account opening.
    • Company incorporation agreement (act) or its notary-certified copy.
    • The power of attorney issued by the founder for opening of start-up account in the absence of the indication in the company incorporation agreement or act of a person being granted with the right to open start-up account in question.
    • Passport or other ID papers of the authorized person. 

     

    In order for an enterprise not registered in the Republic of Lithuania to open a bank account:

    • The application for account opening. 
    • The questionnaire for the legal entity.
    • The signature and stamp sample card. 
    • Economic entity's by-laws (Statute).
    • The registration certificate or an extract from its country's commercial company register about its registration, the detailed extract from the Register of Legal Entities, approved with the stamp of the State Company Centre of Registers or an access code to the database of the State Company Centre of Registers for obtaining an electronic certified extract of a legal entity.
    • A power of attorney to represent the company, which has been confirmed by a notary of the foreign state or a competent official.
    • Empowered persons are supposed to have valid passports and, where possible, company stamps.   

     

    These document must be:

    • Legalized by the Ministry of Foreign Affairs or an embassy of the Republic of Lithuania or, if the foreign state, in which the company is registered, has acceded to the Hague Convention concerning the abolition of the legalisation of the foreign state's documents, the documents must be confirmed by a certificate about the origin of the documents (APOSTILLE) issued by a competent state institution.
    • Translated into Lithuanian. The translator's signature on the translation must be confirmed by the seal of a translation bureau or a notary of the Republic of Lithuania.
    • Copies of documents submitted must be certified/verified by a Notary.
  • IBAN

    International bank account number or IBAN is the internationally standardised version of your current account number. It is used in the European Union for foreign and local money transfers.

    IBAN must be provided as beneficiary’s account number we kindly ask you to show IBAN on the invoices and requisites issued to Your clients.

System of insurance of deposits and liabilities to investors

  • System of insurance of deposits and liabilities to investors

    All deposits and assets intended for purchasing financial instruments and held at Danske Bank A/S Latvia Branch are subject to compulsory insurance in The Guarantee Fund for Depositors and Investors (Danish Kingdom).


  • What is the Guarantee Fund for Depositors and Investors?
    The Guarantee Fund for Depositors and Investors (hereinafter – the fund) means the body established by the act of Parliament of the Kingdom of Denmark. Within certain limits, the fund reimburses losses incurred by clients of Danish banks, mortgage banks or investment companies, where a bank, a mortgage bank or an investment company is subject to compulsorily dissolution. This protection also applies to all clients of Danske Bank A/S Lithuania Branch (hereinafter – the bank) (private individuals and legal entities).
  • How much is reimbursed by the fund?
    Funds
    The fund can pay compensation of up to EUR 100,000 for deposits or funds in the client's bank account in any currency.

    Securities
    The fund also compensates the loss incurred by an investor if the investor's securities managed, or administered by the bank, or held in an investor securities account are not returned by the bank. The amount of compensation is EUR 20,000 per investor.
  • How is the compensation calculated?
    Funds
    The amount of loans and other financial obligations to the bank is deducted from the total sum of cash deposits held by the client at the bank and the balance held in his/her bank accounts. The client is paid a positive balance of funds up to EUR 100,000.

    Securities
    Generally, suspension of the bank's payments or compulsorily dissolution has no effect on securities, because even in such cases investors usually recover their securities.
    However, sometimes, securities cannot be returned to the investor. In such cases, the fund reimburses the loss because securities were not recovered in the amount of up to EUR 20,000 per investor less any debts to the bank. However, the compensation cannot exceed the market value of outstanding securities.
  • How can I apply for compensation?
    Not later than five business days after commencement of reconstruction or bankruptcy proceedings, the Guarantee Fund will send you a statement of your total balance together with guidelines on how to proceed (the guidelines will also be available at the fund's website).

    When you have received the statement, your new bank will help you file a claim with the Guarantee Fund. The Guarantee Fund will pay the deposits to your new bank within seven business days.

    You can contact the Guarantee Fund at this address:

    Garantiformuen (Danish Deposit Guarantee Scheme)
    Sankt Annæ Plads 13, 2. tv.
    DK-1250 København K
    Tel. (+45) 33 14 62 45
    E-mail: gii@gii.dk
    Home page: www.gii.dk

    If you have not received the payment within seven business days, we recommend that you contact the Guarantee Fund as you may need to observe a deadline for claiming payment.
  • Additional information about the Danish Deposit Guarantee Scheme
    Garantiformuen (Danish Deposit Guarantee Scheme)
    Sankt Annæ Plads 13, 2. tv.
    DK-1250 København K
    Tel. (+45) 33 14 62 45
    E-mail: gii@gii.dk
    Home page: www.gii.dk

    Danish Act that regulates guaranteeing of deposits and securities

    An English translation of the Danish Act that regulates the guaranteeing of deposits and securities can be found on the website of the Danish Financial Supervisory Authority that can be accessed at www.finanstilsynet.dk or www.dfsa.dk.

You might also like