Budgeting App for Expats in Lithuania

Lithuania joined the euro area on 1 January 2015, when the euro replaced the litas¹. Revolut Bank UAB holds a Lithuanian banking licence from the Bank of Lithuania². A euro account for daily life next to an account in your home currency keeps each side of your money simple.

Borderless Budget connects to major Lithuanian banks including Swedbank, SEB, Luminor, Artea (Šiaulių bankas), and Revolut through secure bank connections, and your accounts in the US, Canada, the EU, the UK, Norway, Iceland and Liechtenstein connect too.

Major banks for expats

• Swedbank
• SEB
• Luminor
• Artea (Šiaulių bankas)
• Revolut

Cash vs. card culture

In the ECB's 2024 study, Lithuania had the highest share of online payments by number in the euro area, at 29%³. Direct debits are not available, but e-invoices with automatic payments do the same job³.

For a local yardstick, a full-time employee in Lithuania earned an average of €2,480 a month before tax, or €1,514 after tax, in late 2025⁸. Set your rent and grocery lines against those numbers rather than against prices back home.

The litas was fixed at €1 = LTL 3.45280 when Lithuania switched to the euro¹, so euro prices are all you deal with now. Prices still move: annual inflation was 3.8% in 2025⁸. If you're paid in dollars or pounds, the exchange rate and local inflation both change what a month in Lithuania costs you, even when your habits stay the same.

Transferring money to Lithuania

• Inside the EU, euro transfers can now arrive within 10 seconds, at the same cost as a regular transfer or less⁹. Moving money between your own euro accounts is quick, so you don't need to keep a large buffer in each one.
• If you earn in dollars or pounds, compare the exchange rate your bank offers with a specialist transfer service before each conversion. A small difference in the rate adds up over a year of transfers.
• Convert a month of euro spending in one go rather than paying for many small conversions. Rent, the transport ticket and utilities are all predictable, so the amount is easy to set.
• Keep home-country bills in their own currency, paid from your home account, so a conversion never lands on the same day a bill is due.

Borderless Budget tracks all of your accounts, your home-country bank, your Lithuanian bank, and services like Wise or Revolut, in a single dashboard. Exchange rates update daily, so your budget always reflects where things actually stand.

• You count as a Lithuanian tax resident if, among other tests, you stay in Lithuania for 183 or more days in the tax year¹⁰.
• Lithuanian tax residents are taxed on worldwide income. From 2026, most income is taxed at 20% up to €83,237 a year, 25% from €83,237 to €138,729, and 32% above that¹¹.
• Annual income tax returns for residents are due by 1 May of the following year, and so is any tax still owed¹².
• The US taxes its citizens and resident aliens on worldwide income from all sources, wherever they live, and offers the foreign earned income exclusion and foreign tax credit¹³.
• The United States and Lithuania have an income tax treaty¹⁴.

1. Budget your Lithuanian life in euros. Rent, groceries and the transport ticket are all in EUR, and converting each one back to your home currency adds noise, not clarity.
2. If you only commute on weekdays, the weekdays-only 30-day ticket is €35 instead of €38⁶. Pick the one that matches how you actually travel.
3. Recurring bills can be paid through e-invoices with automatic payments, since direct debits are not available³. Check each one monthly, so a changed amount doesn't slip through unnoticed.
4. Ask a landlord which utilities are included in the rent, and how much the bills ran last winter. Budget for the winter months, not the average.
5. Ask about the deposit before you sign, and keep enough euros on hand to pay it and the first month's rent together.
6. Keep a separate line for exchange-rate costs if your income is not in euros. It shows how much the conversion itself takes each month.

Connect your Lithuanian and home-country banks

Link your Swedbank, SEB, Luminor, or other Lithuanian bank alongside your home-country bank. Transactions from all accounts sync automatically into one dashboard.

Budget in EUR and your home currency

Your budget is set in your home currency, and Borderless Budget automatically converts every transaction, whether it's in euro or your home currency. You can toggle any transaction to see the original currency amount. Exchange rates update daily, so your budget always reflects reality.

Automatic categorization

Transactions from Lithuanian merchants are automatically categorized. Categorization improves as you use the app, learning your patterns across both currencies, so you spend less time sorting transactions and more time living your life in Lithuania.

See the impact of exchange rates

When exchange rates shift, your combined budget view updates automatically. You'll see exactly how currency movements affect your overall spending, no surprises, no guesswork.