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, given by the Finnish Patent and Registration Office or the Tax Administration, 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
- Varies by bank. Non residents should expect more checks
- Free account available
- Yes, for example Holvi
- Most providers
- Several business accounts
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
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, given by the Finnish Patent and Registration Office or the Tax Administration, and banks verify the identity of the representative. 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 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.
How to open an account
- Register the company through the Finnish Business Information System and obtain a Business ID.
- 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 11 October 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?
Can a non resident open a business account in Finland?
Is there a free business account in Finland?
What currency do Finnish business accounts use?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 11 October 2026. Confirm current terms with the provider before applying.