Verifo closed or froze your business account: what its terms say
As of October 9, 2026, these are Verifo’s own words on closing accounts: the notice it gives, the reasons it names and where a complaint can go next.
Notice before closing
Verifo shall have the right, unilaterally, out of court and without giving reasons, to terminate this Agreement by giving the Client written notice on paper or using another durable medium (e.g. e-mail) no later than 60 calendar days prior to the termination of the Agreement.
Reasons it names for closing or suspending an account
We may at any time terminate this Agreement within date specified in written termination notification if: … We are unable to verify Your identity and provided information; … or it becomes clear that You engage in activities unacceptable to Verifo, illegal activities related to money laundering and/or terrorist financing;
Complaints and where to go next
If You are a legal person and You have well-founded suspicions that We have breached certain provisions of legal acts on the financial market, You can also submit a complaint to the Bank of Lithuania.
These are the provider’s published terms, not legal advice. Your own agreement and the law where your company is may give you more.