Fjord Bank

Fjord Bank is a digital consumer finance bank based in Lithuania, founded in 2019. The bank focuses on providing straightforward online loans and savings products. In December 2019, Fjord Bank received a specialized bank license from the European Central Bank, facilitated by the Bank of Lithuania. Fjord Bank operates entirely online and offers a range of services including deposit accounts, consumer loans, car loans, and home improvement loans. The bank's savings accounts are protected under Lithuania's deposit guarantee scheme, which covers deposits up to €100,000 per account holder​.

Lithuania has a standard withholding tax of 15%, but due to double taxation agreements between Lithuania and Ireland, there is the possibility of reducing this withholding tax to 10%. To reduce the withholding tax, a certificate of tax residence from Revenue is required, as well as the form "Claim for Reduction or Exemption from the anticipatory Tax withheld at Source" which we will provide to you when you make an order. These documents must be submitted no later than four weeks before your deposit is to to mature.

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