EMAULT21

Payment Instructions

General instructions for international payments to banks in LITHUANIA: Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, IBAN, and beneficiary bank address). For additional information, please refer to the Central Bank website: www.lb.lt.

SEPA: Strict formatting standards and SEPA guidelines exist in Europe regarding cross-border payments. IBAN and SWIFT BIC are required for all euro payments. SEPA standards apply for euro payments to beneficiaries with accounts in Lithuania.

Payment Formatting Rules for EUR:

• Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary.
• Beneficiary Customer (SWIFT MT103 F59): Include account number (IBAN), full name (no initials) and address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. IBAN numbers for beneficiaries with accounts in Lithuania must be included in the payment instructions.
• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank.

IBAN: In Lithuania, the IBAN consists of 20 characters. It follows the structure: LT2!n5!n11!n. Example format: LT12 3456 7891 2345 6789. The IBAN must be included in the payment instructions for beneficiaries in Lithuania. SWIFT BIC is key to routing payments to the beneficiary bank and consists of 8 or 11 alphanumeric characters: xxxxLTxx or xxxxLTxxxxx.

Correspondent Banks

Standard Settlement Instructions (SSI) contain the list of correspondent banks of ELEKTRONINIU MOKEJIMU AGENTURA UAB for each currency.

Payment Tracking

To track a SWIFT cross-border payment to or from ELEKTRONINIU MOKEJIMU AGENTURA UAB, you need a UETR code, reference number, amount, payment date, and currency. This information is typically found in an MT103 form.

Disclaimers

We are doing our best to demystify cross-border payments, however TrackMySwift is not responsible for any delays or losses related to usage of the information and services from our web site. Please contact your banks to receive a safe advise. Country-specific payment instructions have been prepared based on Global Wires Payments Formatting Requirements Guide from J.P.Morgan.