Joint Bank Account

Shared account for household groceries, loan payments or renovation

A Joint Bank Account is a Current Account dedicated to paying your household expenses. Keeping up with family finances is easy with an account for the purpose. You can, for example, always transfer a certain amount to this account on your payday.

  • A Current Account shared by the family's adults for paying household expenses, such as groceries, renovation, loan repayments or other regular household costs.
  • Transferring the agreed amounts from the adults' own Current Accounts to this household account is simple.
  • Household expenses can easily be monitored on one account.
  • Both adults can have payment cards linked to this account.
  • The account's interest rate is 0.25% for an owner-customer. Read more under "Deposit interest rate". 

Opening a Joint Bank Account

The most convenient way to open a Joint Bank Account is to use our digital services, the op.fi service or OP-mobile. If you wish, you can also make an appointment at the bank to open an account.

1. You can open a Joint Bank Account digitally if you are customers of the same OP cooperative bank and have OP’s user IDs. Please check whether these criteria are fulfilled before opening an account. *

2. Before opening account, it’s also a good idea to ensure that both your customer details have been updated. Update customer details

3. After this, one of you can proceed to open a new Current Account. Open a new Current Account

4. After opening the account, the person that opened it must send a message and request that another owner be added to the account. The message must include the following information:

  • the number of the Current Account that was opened
  • the name and personal identity code of the account holder to be added
  • and the information that both account holders can use the account separately. Send a message

5. Finally, the account holder to be added must sign the account agreement in OP’s Electronic Signature Service. The account holder to be added receives an SMS about the account agreement pending signature.

* If one of you is not OP’s customer or you are customers of different OP cooperative banks, you can use digital customer onboarding. You can become OP’s customer or transfer your customer relationship to another OP cooperative bank digitally. Read more about becoming a customer

If you can't open a customer relationship digitally and need our experts' help, you can book an appointment with a branch. Book an appointment

Deposit interest rate

The account's interest rate is fixed 0.25% for an OP cooperative bank owner-customer. Earning interest requires that the account and owner-customer membership are with the same OP cooperative bank. If the account has more than one account holder, all account holders must be owner-customers at the OP cooperative bank that holds the account. For customers other than owner-customers, the deposit interest rate is fixed 0.00%.

Calculation and payment of deposit interest

The account's deposit interest rate is calculated on the lowest balance of a calendar month. The lowest balance is based on the daily closing balance.

The deposit interest will annually be added to the account's funds on 1 December and it can be withdrawn before mid-December, unless otherwise agreed in the account agreement. You can check the interest payment day from your account agreement. You can find the electronic account agreement in My archive. The paper account agreement has been sent by post or given at the meeting.

Tax treatment

Tax at source is charged on each interest payment. You do not need to report the deposit and earned interest in taxation.

Check the interest on your account

You can check the interest rate on your account by logging in to op.fi service or OP-mobile using your OP user ID. 

How to check the interest rate on your account in the op.fi service:

  1. Log in to the op.fi service.
  2. In the main menu, open the section Money and select Accounts, My accounts.
  3. After this, select Account details and Edit details.
  4. You then need to select the account whose details you want to view.

Log into op.fi and go to account details

How to check the interest rate on your account in OP-mobile:

  1. Log in to OP-mobile.
  2. Select the account whose interest rate information you want to view.
  3. Go to Account settings by tapping the gear icon.
  4. Select Account interest rate.
Terms and price

Account terms and conditions

The General Terms and Conditions for Accounts for Personal Customers apply to the Joint Bank Account. According to the terms and conditions, the bank has the right to change the account agreement, the terms and conditions, and the list of service charges and fees. The bank will inform you of changes as specified in the terms and conditions.

General Terms and Conditions for Accounts (applicable to new account agreements from 11 December 2024 and to all account agreements from 1 April 2025) (pdf)

General Terms and Conditions for Accounts (applicable to old account agreements until 31 April 2025, or the account agreements made before 11 December 2024) (pdf)

Monthly charge

The Joint Bank Account is subject to a monthly charge that is based on our list of charges and fees valid at the time. The Joint Bank Account is free of monthly charges

  • for OP cooperative bank owner-customers, if all account holders are owner-customers at the same OP cooperative bank where the account was opened
  • for customers aged under 26
  • if the account has been pledged
  • if the account belongs to a death estate

See the valid list of charges and fees

Check your owner-customer membership

Deposit guarantee

Savings on the account are protected by a statutory deposit guarantee. The maximum compensation for guaranteed deposits is EUR 100,000 for the deposits made in a single deposit bank. OP Financial Group member banks are considered a single bank from the perspective of the deposit guarantee.

Set safe transaction limits for your account

You can easily change the transaction limits for your accounts on OP-mobile and in the op.fi service. Considering that such daily limits make it safer to use the account, you should set them. You can change the limits temporarily when you make bigger purchases, for example.

You can set two types of transaction limits for your account:

  • For the biggest possible one-time withdrawal  
  • For the total daily withdrawals, or the maximum amount of money you can withdraw within one day.

The transaction limits relate to:

  • cash withdrawals,
  • real-time credit transfers and
  • card payments which are automatically checked against during payment whether the account has sufficient funds.

The transaction limits do not affect the amounts submitted to the payment service payable on the due date.

Read the instructions for changing the transaction limits of your account

Also set transaction limits for each card

It is advisable to set card-specific spending/withdrawal limits with which you specify daily limits for cash withdrawals, POS payments and online payments.

You can set the limits separately for your card's debit and credit sides.

You can change your cards’ spending and withdrawal limits on OP-mobile and in the op.fi service. You can also call our Customer Service or visit an OP cooperative bank branch.

Go to Customer Service page

Owner-customer's OP bonuses and benefits from banking services

As an OP cooperative bank owner-customer, you get OP bonuses that decrease your banking and insurance service charges. As an OP cooperative bank owner-customer, you get 40% more OP bonuses compared to the normal level of 2022. We will continue the familiar benefit until the end of 2025.

OP bonuses come from

  • funds in savings accounts
  • home loans, student loans and secured bank loans
  • mutual fund units and unit-linked insurance
  • paid insurance premiums, such as home and motor vehicle insurance and continuous travel insurance.

OP bonuses are tax-free. Because of that they are automatically used for loan service and origination fees and insurance premiums, among other things.

Read more about OP bonuses

As an owner-customer, you also get significant benefits and discounts. For example, you will get daily banking services without monthly charges until the end of 2025 and interest on your Current Account. Furthermore, you'll enjoy lower saving and investing costs than usual.

See all owner-customer benefits

Opening an account as a customer of another bank

If you want to open an account and are not yet OP's customer, you can become OP's customer and activate banking services digitally as well. Daily banking services include a Current Account, diverse digital services, an OP user ID and a card. You will only need 15 minutes for digital customer onboarding, banking user identifiers issued by a Finnish bank and a phone on which you can receive SMSes. You will be able to transfer money to your new account the day after opening the account.

Read more about how to become a customer; become a customer or make an appointment with a bank branch through the link on this page:

Become OP’s customer | Switch banks


The account is provided by OP cooperative bank.