IBAN and financial institution codes
IBAN (International Bank Account Number) is an internationally-agreed standard (ISO 13616) based on which banks credit funds to a recipient’s account. It is used across the EU in executing international and domestic money transfers.
In each country, the length of the IBAN account may differ (up to 34 alphanumeric characters). A list of various IBANs is available here.
In the Lithuanian banking sector, the IBAN number is composed of 20 alphanumeric characters. The IBAN in Lithuania has the following structure: LT60 1010 0123 4567 8901
|LT||Two letters – country code (ISO 3166)|
|60||Two digits – check digits allowing programme control of the account number and ensuring protection for situations where the account number is entered incorrectly|
|10100||Five digits – bank (financial institution) code|
|12345678901||Eleven digits – account number|
Procedure for updating the list of codes of Lithuanian financial institutions
The Bank of Lithuania is responsible for issuing, upon their request, the codes for financial institutions or their branches as well as maintaining the list of codes. New codes and modifications are immediately included in the list.
List of codes of Lithuanian financial institutions: