Finland has no single automatic business account switch guarantee, so switching is a managed move. You open the new account, transfer your IBAN based incoming payment details, the reference numbers on invoices, recurring and standing payments, any SEPA direct debit mandates, your electronic invoicing address, salary and supplier payment batches, and card and accounting integrations, then close the old account once everything has settled. As of 10 March 2026.
- Switch service
- No single automatic guarantee. A managed move, with some bank help available.
- Key items to move
- IBAN and incoming payments, invoice reference numbers, recurring payments, electronic invoicing address, payment batches
- IBAN
- Changes with the new bank, so invoices and mandates need updating
- Best practice
- Run both accounts in parallel until nothing routes to the old one
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
How switching a business account works in Finland
There is no single automatic business account switch guarantee in Finland, so the move is something you manage step by step. Finnish accounts use an IBAN that is tied to the bank that issues it, which means a new account at a different provider comes with a new IBAN. The aim is to redirect every incoming payment and every outgoing mandate to the new account before you close the old one. Some banks help move certain items, but the detail depends on the banks involved. Plan the move so nothing important is still routing to the old account when you close it. As of 10 March 2026.
What to move
Update incoming payment details and your IBAN with customers, change the reference numbers shown on invoices where they are linked to the old account, recreate recurring and standing payments, move any SEPA direct debit mandates, and update your electronic invoicing address with senders. Transfer salary and supplier payment batches, reconnect card payment and accounting integrations, and tell the Finnish Tax Administration, known as Vero, the new account in MyTax for any tax refunds. As of 10 March 2026.
Avoiding missed payments
Run both accounts in parallel for a period and keep enough balance in the old account for any pending payments. Move incoming payments and mandates in stages, check that each one lands in the new account, and only close the old account once nothing is still routing to it. Confirm timing and any help with both banks. As of 10 March 2026.
Switching checklist
Work through these items when switching a business account in Finland, as of 10 March 2026. Verify with the provider
- Your new IBAN and incoming payment details, plus the reference numbers shown on invoices.
- Recurring and standing payments, any SEPA direct debit mandates, and salary and supplier payment batches.
- Your electronic invoicing address, card payment and accounting integrations, and the account on file with the Finnish Tax Administration.
How to switch step by step
- Open the new business account and confirm the new IBAN and incoming payment details.
- Move incoming payments and mandates in stages, and run both accounts in parallel while you check each one lands correctly.
- Once nothing is routing to the old account, settle any pending items and close it, confirming there are no remaining fees.
Compare business accounts available in Finland
These providers accept business customers in Finland if you are switching. Fees and eligibility shown as of 10 March 2026. Confirm current terms with the provider before applying.
Compare business accounts →Questions about business banking in Finland
Is there an automatic business account switch service in Finland?
What do I need to move when switching business account in Finland?
Will my IBAN change when I switch banks in Finland?
How do I avoid missed payments when switching?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 10 March 2026. Confirm current terms with the provider before applying.