# Finora Bank: EUR business account

> A Lithuanian specialised bank for SMEs in Lithuania and Estonia: a EUR business account at €3 a month with SEPA and SEPA Instant, deposits protected up to €100,000, and loans, leasing and factoring. Companies from outside the Baltic States can apply after a document review costing at least €1,000.

Finzil profile: https://finzil.com/providers/finora-bank · Provider website: https://finorabank.eu · Facts checked: 2026-10-20

## Key facts

- **Monthly fee:** €3
- **Setup fee:** Free (€1,000+ document review outside the Baltics)
- **Currencies:** 1 (EUR only)
- **Onboarding:** 3–5 days (typical)
- **Provider type:** Specialised bank
- **IBAN:** Lithuanian IBAN in the company's name
- **Payment rails:** SEPA, SEPA Instant
- **Safeguarding:** Deposit insurance up to €100,000
- **Non-residents:** Accepted (A document review costing at least €1,000 for companies established outside the Baltic States)
- **Remote opening:** Yes
- **Headquarters:** Lithuania
- **Currency codes:** EUR

## Who can apply

- **Non-resident owners** (owner or director living outside the company's country): Accepted. Companies and owners outside the Baltic States can apply; companies established elsewhere pay a document review of at least €1,000.
- **Countries of incorporation accepted:** Not published
- **Countries of incorporation refused:** Not published
- **Owner residency accepted:** Not published
- **Owner residency refused:** Not published
- **Owner nationality refused:** Not published
- **Company types accepted:** Legal entities (companies with a company code)

## Industries

- **Industries served:** Startups and SMEs, Import and export, Professional services
- **Prohibited industries (provider's own list):** Not published
- **Permitted industries (provider's own list):** Small and medium-sized enterprises; Businesses needing daily banking and SEPA payments; Businesses seeking working-capital or expansion finance; Businesses using leasing; Businesses using invoice factoring

## Licences

- Lithuania: Bank of Lithuania, Specialised bank, Finora Bank UAB, register no. LB002152 (https://www.lb.lt/en/sfi-financial-market-participants/finora-bank-uab)

Safeguarding: Finora Bank is a licensed bank. Deposits, including company deposits, are protected by Lithuania's Deposit and Investment Insurance up to €100,000 per depositor.

## Fees

Source: https://finorabank.eu/pricelist/ (checked 2026-10-20)

### Plans

- **Business account:** 3 EUR a month

### Incoming

- SEPA: Free · Standard and instant

### Outgoing

- SEPA: €0.41 · Standard and instant
- To another Finora Bank account: €0.23

## Opening an account

Opening an account typically takes three to five business days.

1. **Apply.** Fill in the online form with your contact and company details.
2. **KYC.** Complete the KYC form and provide company details and identity documents.
3. **Agreement.** Sign through Dokobit or send the documents to the bank; Finora prepares the account agreement.
4. **Account live.** Sign the agreement and get access to the Internet Bank.

Documents: Not published

## Pros and cons

- Pro: A licensed bank with deposit insurance up to €100,000
- Pro: €3 a month, free to open, free incoming SEPA
- Pro: SEPA Instant in and out
- Pro: Support in English, Lithuanian and Estonian
- Pro: Loans, leasing and factoring from the same bank
- Con: EUR only: payments in other currencies are not executed
- Con: Companies outside the Baltic States pay at least €1,000 for the document review
- Con: No cards published
- Con: Refused industries are given only on request
- Con: Visits by appointment only

## Finzil's take (opinion)

Finora Bank is a cheap, plain EUR account from a real bank with deposit insurance, aimed at Lithuanian and Estonian SMEs that may also need credit. Foreign companies can apply, but the €1,000 review fee and EUR-only account make it worthwhile only if you need a Baltic bank specifically.

## Alternatives

- [LHV Bank](https://finzil.com/providers/lhv-bank): Bank · Estonia
- [Paysera](https://finzil.com/providers/paysera): E-money institution · Lithuania
- [Lidion Bank](https://finzil.com/providers/lidion-bank): Bank · Malta
- [N26 Business](https://finzil.com/providers/n26-business): Bank · Germany

## FAQ

**Is Finora Bank a real bank?**

Yes. Finora Bank UAB holds a specialised bank licence from the Bank of Lithuania (authorisation LB002152) and runs an Estonian branch. Deposits are protected up to €100,000.

**How much does a Finora Bank business account cost?**

Opening is free, the account costs €3 a month, incoming SEPA payments are free, outgoing SEPA payments cost €0.41 and transfers to other Finora clients €0.23. Companies established outside the Baltic States pay at least €1,000 for the initial document review.

**Can a foreign company open an account?**

Yes. Finora's price list defines non-residents as companies established abroad or with foreign owners, and charges companies outside the Baltic States at least €1,000 for the document review.

**Which currencies does Finora Bank support?**

Only EUR. Payments in other currencies are not executed on the account.

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