Business banking in Finland how to open an account, fees and options

Snapshot

A registered Finnish company can open a business account with a major bank such as OP, Nordea, Danske Bank, or Aktia, or with a neobank such as Holvi. You need a Business ID from the Trade Register and a representative who can be identified. The euro is the currency, and payments run on the single euro payments area.

Can a non resident open: Possible but slower, varies by bank
Typical timeline: About 1 to 2 weeks for residents, longer for non residents
Free account available: Yes, for example Holvi
Most providers: Several business accounts

Fees and features as of 16 June 2026Last reviewed 16 June 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

As of 16 June 2026, opening a business account in Finland follows a clear path for a registered Finnish company: obtain a Business ID from the Trade Register, choose a provider, and apply with your ownership and identity documents. Major banks include OP, Nordea, Danske Bank, and Aktia, while Holvi is a Finnish neobank that markets a business account with no fixed monthly fee. The euro is the currency and transfers run on the single euro payments area. A resident company can often open within about 1 to 2 weeks, while a non resident or foreign owned company faces more documentation and longer timelines. Confirm the current requirements and fees with the provider.

How business banking works in Finland

Finnish business banking is built around the euro and the single euro payments area, so domestic and cross border euro transfers work the same way. A company is identified by its Business ID from the Trade Register, and banks rely on strong electronic identification, which is why a representative usually needs online banking credentials from a Finnish bank. Traditional banks dominate, but a Finnish neobank and several international providers give smaller and newer companies low cost options.

Who can open a business account

A registered Finnish company with a Business ID can open a business account once it can identify its representatives and show its ownership structure. Banks apply know your customer and anti money laundering checks, so they verify the people who own and control the company. A foreign owned Finnish company can open an account, but it should expect more documentation and a longer review.

Traditional banks compared with neobanks

OP, Nordea, Danske Bank, and Aktia offer full service business banking with branches, lending, and card services, usually for a monthly package fee. Holvi, a Finnish neobank, focuses on a simple online account with invoicing and bookkeeping tools and markets a plan with no fixed monthly fee. International providers such as Wise add multi currency features. The right choice depends on whether you value a full banking relationship or low cost digital banking.

Requirements and documents

Finnish banks verify both the company and the people behind it, so the documents follow from your structure and ownership. Verify with the provider

A Business ID from the Finnish Trade Register and a Trade Register extract showing the company details.
A document showing the ownership structure and the beneficial owners of the company.
Proof of identity for the representative, usually supported by online banking credentials from a Finnish bank.

How to open an account

Register the company and obtain a Business ID from the Finnish Trade Register.
Choose a provider and gather your Trade Register extract, ownership documents, and identification.
Apply online or at a branch, then complete identity and anti money laundering checks.

Compare business accounts available in Finland

These providers accept business customers in Finland. Fees and eligibility shown as of 16 June 2026. Confirm current terms with the provider before applying.

Compare business accounts →

Questions about business banking in Finland

Who can open a business bank account in Finland?

A registered Finnish company can open a business account once it has a Business ID from the Trade Register and a representative who can be identified, usually with online banking credentials from a Finnish bank. Banks verify ownership and identity under know your customer and anti money laundering rules. Confirm the current requirements with the provider, as of 16 June 2026.

Can a non resident open a business account in Finland?

It is possible but slower. Non residents and foreign owned Finnish companies face extensive documentation and compliance checks, and timelines of about 2 to 6 weeks or more are common. A bank may open the account but decline a payment card. The position varies by bank and is unclear without checking, so verify with the provider, as of 16 June 2026.

Is there a free business account in Finland?

Yes. Holvi, a Finnish provider, markets a business account with no fixed monthly fee where you pay per transaction, alongside paid plans. Traditional banks generally charge a monthly package fee. Compare on how you will use the account, and confirm current pricing with the provider, as of 16 June 2026.

What currency do Finnish business accounts use?

Finland uses the euro and is part of the single euro payments area, so domestic and cross border euro transfers run as SEPA payments. Some providers also let you hold other currencies. Confirm the currencies and payment options with the provider, as of 16 June 2026.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 16 June 2026. Confirm current terms with the provider before applying.