IBAN Information for: Lithuania
Find out all you need to know about the IBAN format in LT, including length, structure, and validation rules.
IBAN Information - Lithuania
Overview
The International Bank Account Number (IBAN) for Lithuania (LT) follows specific formatting rules. Here you'll find all the important details about the LT IBAN format.
Key Details
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IBAN Length 20 characters
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Country Prefix LT
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SEPA Member Yes
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Currency EUR
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Membership EU Member
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Central Bank Bank of Lithuania
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Central Bank Website www.lb.lt
Format Information
Domestic Format Information
IBAN Block Structure
LT 12 10000 11101001000
IBAN Structure Legend
- LT Country Code
- 12 Check Digits
- 10000 Bank Code
- 11101001000 Account Number
Structure for Lithuanian IBAN
Lithuanian IBANs consist of the country code (LT), check digits (2 digits), bank code (5 digits), and account number (11 digits).
The Lithuanian IBAN consists of 20 characters. The 5-digit bank code identifies the financial institution in Lithuania. The account number is 11 digits and consists only of numbers. Lithuania is part of the SEPA (Single Euro Payments Area) and has adopted the Euro as its currency.
Bank Information
What is an IBAN?
An International Bank Account Number (IBAN) is a standardized international numbering system developed to identify bank accounts from around the world. It was originally adopted by the European Committee for Banking Standards and later as an international standard.
IBAN Uses
- International wire transfers
- SEPA payments within Europe
- Automated payment processing
Benefits of IBANs
- Reduced errors in international payments
- Faster processing of cross-border transactions
- Standardized format for global banking
Our IBAN Tools
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IBAN FAQs
Did You Know?
IBAN Verification
The check digits in an IBAN allow for verification of the entire number, reducing the risk of errors during transcription. This makes international payments more reliable.
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