Having a local bank account in Lithuania can make your life much easier. With a local account, you avoid extra fees that often come with using a foreign card in a different currency. 

Why should you consider opening a local bank account in Lithuania? 

• Getting Paid: If you work for a Lithuanian company, they'll usually ask for your IBAN bank account number to pay your salary. 
• Scholarships: If you're studying in Lithuania and receive a university scholarship, having a local bank account simplifies things. 
• Shopping: Many online shops ask you to choose your bank before making a purchase. While most display popular Lithuanian banks, if your card's currency isn't euros, you'll face currency conversion fees for each transaction. 
• Bills: Renting an apartment in Lithuania often means paying for utilities like electricity, water, and heating. Having a local bank account streamlines these payments. 
• Residence Permit: When applying for a Lithuanian residence permit, you'll need to provide financial statements to show you can support yourself. If you only have a foreign bank account, these statements will need to be translated. 
• Government Services: Accessing online government services, such as healthcare or tax services, usually requires a bank account to confirm your identity. 

How to open a bank account in Lithuania? 

• Fill out an application form from your chosen bank. 
• Bring a valid ID, like your ID card or passport. 
• For foreign residents, bring your residence permit. 
• Bring documents showing why you need a bank account in Lithuania, such as work contracts or study certificates. 

Remember, for Lithuanian bank accounts, foreigners usually need to visit the bank in person with these documents. Once you've submitted your documents, it typically takes about 5 business days to receive your bank card. You can choose to have it delivered to your home or pick it up from a nearby branch.  Opening a traditional bank account for a foreigner can cost up to EUR 200. However, in some online banks you can open a bank account free of charge. 

Each bank has its own requirements, so it's a good idea to check directly with them. Consider calling ahead to ensure someone is available to assist you, especially if you don't speak Lithuanian yet. Also, review the specific requirements of your chosen bank branch before your visit. 

Keep in mind that banks may charge fees for certain services, such as withdrawing cash from an ATM or making international transfers.