🇫🇮 Finland · Business Banking
Opening business and personal bank accounts, remote options, required documents, and fees.
Quick answer
Finnish banking is highly digital and requires a Finnish personal identity code (henkilötunnus). Foreigners need the identity code, a valid passport or ID, proof of right of residence and an address registered in Finland; accounts generally can't be opened from abroad. FIN-FSA supervises banks.
Banks are supervised by the Financial Supervisory Authority (FIN-FSA); deposits are protected by the Finnish deposit-guarantee scheme. A company needs its Business ID to open an account.
- Deposits are protected by the deposit-guarantee scheme up to the standard EU limit.
- Opening a business account generally requires the Business ID and owner ID.
- Finland uses the euro and is part of the SEPA area.
Step-by-step
- 1
Register and get your personal identity code
A Finnish personal identity code (henkilötunnus), from the Digital and Population Data Services Agency after registering, is essential for banking.
- 2
Confirm your right of residence
EU citizens register their right to reside; non-EU nationals need a residence permit.
- 3
Choose a bank
A major bank (OP, Nordea, Danske Bank, S-Pankki); you generally verify your identity in person for the first account.
- 4
Gather your documents
Your personal identity code, a valid passport or ID, proof of right of residence and your registered Finnish address.
- 5
Open the account and set up online banking IDs
Activate the account, get your online banking IDs (used across Finnish e-services), and set up SEPA and MobilePay.
Checklist
- Finnish personal identity code (henkilötunnus)
- Valid passport or ID
- Proof of right of residence (EU registration or residence permit)
- Registered Finnish address
- Business ID + owner ID — business accounts
Official authorities
- Financial Supervisory Authority (FIN-FSA)
Financial supervisory authority.
Frequently asked questions
Can I open a Finnish bank account from abroad?
Generally no — you must be registered in Finland and have a Finnish personal identity code; the first account is usually opened in person with strong identity verification.
Why do I need a personal identity code?
The henkilötunnus is essential for banking and most Finnish services; it also underpins the online banking IDs used to log in across e-government and financial services.
Official-information aggregation, not legal advice. Always verify on the authority's own site.