Bank of Lithuania
2020-12-04
1 of 1

The Bank of Lithuania has recently been contacted by a number of people asking how to cash cheques in Lithuania. The possibility to do it is very limited or does not exist at all.

The Bank of Lithuania has recently been contacted by a number of people asking how to cash cheques in Lithuania. The possibility to do it is very limited or does not exist at all.

Owing to the worldwide decline in popularity of cheques as a payment instrument (mostly due to modern financial technologies), their risky nature (due to the use of cheques for fraud) and other reasons, commercial banks in the European Union countries have been gradually abandoning the provision of cheque cashing services. According to the data available to the Bank of Lithuania, the absolute majority of credit institutions (banks, credit unions) operating in Lithuania do not provide this service and have no intention of providing it in the future.

We suggest people who have cheques and cannot cash them to apply to the entity that drew the cheque with a request to pay the funds in another manner (e.g. by cross-border transfer) or to cash the cheque in the country where it was drawn.

A cheque is a payment document whereby its drawer orders the bank to pay unconditionally an amount indicated in the cheque to the payee specified in it or its bearer.

If it is necessary to provide evidence of limited cheque cashing possibilities in our country to the institution or company that drew the cheque, you may download an official certificate of the Bank of Lithuania (92.8 KB download icon).