Fjord Bank

Fjord Bank is a Lithuania-based credit institution that has operated with an online-first model, focusing on retail term deposits and unsecured consumer lending rather than full-service day-to-day banking. It has held a European banking license issued within the Bank of Lithuania/ECB framework, which brings regulatory capital, conduct, and reporting obligations under EU rules. Deposits taken by the bank fall under Lithuania’s deposit guarantee scheme, which insures eligible deposits up to €100,000 per depositor per institution, in line with the EU Directive. Account opening and servicing have been handled digitally, with identity verification based on national eID and KYC checks; availability has typically been limited to EEA residents in supported countries. Term deposits are offered across fixed maturities with rates set per term; early withdrawal is either not permitted or subject to contractual penalties. The consumer loan product set includes standard APR pricing with possible origination and late-payment fees; early repayment is usually allowed subject to statutory or contractual conditions. There are no broad payments, cards, or investment features, which narrows the use case to saving via fixed terms and borrowing. Customer support operates through online channels and phone during business hours in Lithuanian and English. Security measures follow PSD2 requirements, including strong customer authentication. As with any niche provider, product availability, supported geographies, and pricing can change, so applicants should review current terms, fees, and eligibility and confirm the bank’s operational status before proceeding.