How will the change to local Dutch IBAN affect my payments?
We want to make the transition as seamless as possible. Once you're migrated to our Dutch branch, you'll get your local Dutch account details for your EUR currency account. Your old Lithuanian (LT) IBAN will still be active for 12 months. This means you'll continue to receive payments transferred to your Lithuanian (LT) EUR IBAN for 12 months after receiving your Dutch IBAN. This should give you time to update and share your new details with anyone who sends you money. After 12 months, your Lithuanian (LT) IBAN will be removed.
With your new Dutch EUR account details, you'll be able to set up Direct Debits in EUR, the same way you did with your previous Lithuanian IBAN. To do that, simply share your new account details with your customers, partners, and merchants.
The timeframes for both SEPA and international payments won't change.