How to open a bank account in Finland
Opening a bank account in Finland is straightforward once you have proof of identity and can complete the bank’s customer-due-diligence checks. This guide explains the essentials in plain language.
What you typically need
- A valid identity document (passport or an EU/EEA identity card; many banks also accept a Finnish ID card or residence permit card).
- A Finnish personal identity code (henkilötunnus), if you have one — it is not always mandatory but makes the process easier.
- Information the bank must collect by law: your address, and details about the intended use of the account and the origin of your funds (part of anti-money-laundering rules).
Banks are legally required to identify every customer, so you may be asked follow-up questions. This is normal and applies to all banks equally.
The right to a basic payment account
Under EU rules implemented in Finnish law, consumers legally resident in the EU generally have the right to a basic payment account with a credit institution offering such accounts. A basic account covers everyday needs — deposits, withdrawals, card payments and credit transfers. A bank can only refuse or close such an account on specific legal grounds.
Online banking and strong identification
Day-to-day banking in Finland runs on strong electronic identification (online banking credentials or a mobile ID), which is also used to log in to many public and private services. When you open an account you will usually receive access to the bank’s online and mobile bank.
Compare your options
Different banks target different needs — full-service retail banks, savings banks, cooperative banks and digital banks. See our comparison of Finnish banks and individual bank profiles to understand who offers what before you choose.
This guide is general information, not financial or investment advice. Rules and terms change — verify details with the relevant provider or authority.
Official sources: Finanssivalvonta (FIN-FSA) · Suomen Pankki · Sources