Current Account

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

A Current 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 Current 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The deposit interest will annually be added to the account's funds on 1 December and it can be withdrawn before mid-December, unless otherwise agreed in the account agreement.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. If you do not have an OP user ID, you can call our Customer Service at 0100 0500 (local/mobile network rate). Our Customer Service will advise you on the easiest way to check your account's interest rate.

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 Rahat (Money) and select Tilit and then Omat tilit (Accounts, My accounts).
3. After this, select Tilien tiedot (Account details) and Tietojen muokkaus (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 conditions

The General Terms and Conditions for Accounts for Personal Customers apply to current accounts. 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.

Monthly charge

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

The Current 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

Savings on the account are protected with 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.

Deposit guarantee protects a depositor's funds on an account if the deposit bank becomes insolvent. If a deposit bank is declared bankrupt or is in permanent default, the Financial Stability Authority pays compensation to the bank’s depositors from the Deposit Guarantee Fund.

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 spending/withdrawal 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 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.

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

Go to customer service page

E-salary is an electronic payslip on OP-mobile and on the op.fi service. To use the service, you will need your OP user ID.

Using the service requires that your employer has an agreement about it with the pay slip provider. To find out your pay slip provider, ask your employer.

Benefits of the electronic payslip

• Payslips are always kept safe, and you can easily browse them.
• The payslips are stored in an electronic archive for 18 months.
• You can print the payslips out whenever needed or save them to your own computer.
• An electronic payslip is eco-friendly and a free service for the employee.

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

How to close your account if you have an OP user ID

If you have OP’s user ID, in most cases, you can close your account by logging into op.fi or OP-mobile. In the op.fi service, you can close your Current Account, Money Box, Savings Account, Growth Return Account, Step-up Account, Special Purpose Account, Continuous High-yield Account or ASP Account. On OP-mobile, you can close your Current Account, Savings Account, Growth Return Account, Step-up Account, Special Purpose Account and Continuous High-yield Account.

You can’t close an account in the op.fi service or on OP-mobile if the account is your last one with OP, or it is a joint account. In these cases, read our more detailed instructions.

Log in and close an account

Read more detailed instructions

How to use a user ID issued by another bank to close your account

You can log into the op.fi service using another bank’s identifiers too and close your account via the service.

Log in and close an account

You can also contact us via chat at op.fi (in Finnish). During the chat, you can use a user ID issued by another bank to verify your identity: in most cases, our customer service will be able to close your account during the chat, once you have verified your identity. 

If your account cannot be closed via chat, you can call our Customer Service.

Read more about closing an account

How to close your account if you do not have a user ID with any bank

If you would like to close an unnecessary account and you do not have a user ID with any bank, please contact our Customer Service by phone. Our Customer Service will advise you on how to close the account.

Go to Customer Service page

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