Regarding fees applicable to the banking services for the former clients of Ūkio bankas


Since March 5, 2013 Šiaulių bankas is going to resume the provision of certain banking services to the former clients of Ūkio bankas. 

In Šiaulių bankas shall be service these clients in accordance with the fees which used to be applied by Ūkio bankas for the period of 60 calendar days, i.e. until May 5, 2013. The former clients of Ūkio bankas who were entitled to contractual fees and are willing to take advantage of the contractual conditions further are invited to address Šiaulių bankas within several months to conclude the new agreements.

Please, pay your attention that interest rates valid at Šiaulių bankas shall be applied to the bank account balances of the former Ūkio bankas' clients as well as to automatically extended deposits .

We would like to emphasize that insured time deposits of former Ūkio bankas' clients are transferred to Šiaulių bankas - until the end of the maturity they shall be subject to the same conditions and interest which were fixed by Ūkio bankas. Therefore, if not forced by any urgent matters, the residents do not have to hurry the former outlets of Ūkio bankas which resumed the provision of services, to take care of the savings or take any other actions prior to the deposit maturity. In order not to incur loss the clients are recommended not to hurry to withdraw deposits as if the deposit is terminated prior to its maturity, the depositors will loose their right to the interest accrued during the period of deposit. Šiaulių bankas ensures that all the deposits of the clients kept in Šiaulių bankas are safe and insured in compliance with the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania. At the same time we would like to thank inhabitant for their understanding and kindly ask to retrain from visiting the bank during the first days in order to avoid long queues and other inconveniences.

If the automatic deposit extension was foreseen by the former time deposit agreement with Ūkio bankas, Šiaulių bankas shall also extend the validity of such deposit for the new period automatically applying the deposit interest rates valid in Šiaulių bankas at that time.

To the former clients of Ūkio bankas whose deposits were transferred to Šiaulių bankas but who are willing to terminate the time deposit agreements prior to their maturity Šiaulių bankas is ready to pay the total amount of deposit in case it does not exceed the amount of LTL 20 thou (or equivalent in euros) immediately. If the amount of deposit exceeds LTL 20 thou the depositor's funds will be paid not later than within two business days of the bank from the provision of a written application.

Therefore, in order not to incur loss we suggest making a decision regarding deposit termination after assessing the situation rationally and consider the financial necessity.

The clients can always address Šiaulių bankas regarding the particular conditions of services, fees applicable to the services and further cooperation which would meet their needs.

Since 04-03-2013 the general rules of Šiaulių bankas become automatically applicable to the taken over clients of Ūkio bankas - please, get familiar with them:
General rules for the servicing of Šiaulių bankas AB customers and provision of service
General rules for the provision of payment services and handling of bank account of Šiaulių bankas AB