Child's 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

You can fill in the application for a child on the op.fi service if all of the following conditions are met:

• The child has a personal identity code, and their name is registered in the Population Information Sys-tem.
• The child is under 18
• The child does not have a separately appointed legal guardian (instead of the guardians filling this role)
• The child is a citizen of the European Economic Area (EEA) or a dual citizen who holds citizenship in Finland and another EEA country.
• The child has a permanent address and domicile in Finland
• The name or personal identity code of the child is not on a sanctions list.

The parents must additionally meet the following conditions:

• The person initiating the application has an OP user ID
• The other parent(s), if any, have any banking user identifiers issued by a Finnish bank
• The parents are the child's official guardians according to the Population Information System
• The parents are of full legal capacity and over the age of 18
• The name or personal identity code of the parent is not on a sanctions list
• The parent has a permanent or temporary address in Finland or abroad

If you cannot open the services for a child in the digital channel, please contact our Customer Service. Our Cus-tomer Service will book you an appointment at a branch and tell you what you need to bring with you to the appointment.

• If a parent or parents have access rights to a child’s account, they can view the account on OP-mobile or the op.fi service with their user ID. The parent can also make credit transfers into the child’s account and monitor account transactions.
• Parents can also jointly set transaction limits on their child’s account to restrict its use. If necessary, they can request changes by sending the same messages on OP-mobile or at op.fi, with a power of attorney, or by visiting a branch. 

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 date for the interest payment in the child's account agreement.

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 account interest rate

You can check the interest rate of the child's Current Account by logging in to op.fi or OP-mobile using your OP user ID. 

How to check the account interest rate at op.fi:

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 in to the op.fi and go to account details

How to check the account interest rate 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.

A Current Account is free of charge for those under 26 years. The General Terms and Conditions for Accounts for Private Customers apply to Current Accounts.

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)

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.

Becoming an owner-customer and member contribution

Your current customer relationship and any user ID in your use affects you becoming an owner-customer.

• If you are an OP cooperative bank’s customer and have OP’s user ID, you can become an owner-customer by logging into the op.fi service. Become an owner-customer
• If you are an OP cooperative bank’s customer but you do not have OP’s user ID, start by booking an appointment Book an appointment
• If you are not an OP cooperative bank’s customer but you have another bank’s user identifiers and are interested in becoming an OP cooperative bank’s customer, become our customer online Become our customer digitally

Membership cooperative contribution

When joining us, you will pay an ordinary cooperative contribution as a one-time contribution, no other payments exist. In most banks, the amount of the membership cooperative contribution is 100 euros. You can find the amount of the membership cooperative contribution on the owner-customer application and in your OP cooperative bank.

If ever you decide to stop being an owner-customer, your membership contribution will be refunded to you in full. The cooperative contribution will be refunded after one year has lapsed from the end of the financial year during which the owner-customer membership was terminated.

However, OP cooperative banks have the right to refuse to refund the contributions according to the bank's rules. You can check the rules of the OP cooperative bank on the bank's op.fi page or in the head office.

Who can become an owner-customer?

Any person, entity or foundation using OP Financial Group’s services, irrespective of their nationality, can become an owner-customer.

Child as an owner-customer

A child can become an owner-customer. All guardians of the child sign together their underage child’s application for an owner-customer membership. By doing so, the parents also give their consent that their child will begin to earn OP bonuses.

If the membership contribution is paid using proceeds of the child’s own work, the child can him/herself sign the membership application and pay the membership contribution.

Owner-customer terminates the membership

The owner-customer has, at any time, the right to terminate their owner-customer membership by informing their OP cooperative bank of this in writing. The owner-customer membership termination date is the date on which the OP cooperative bank has received the termination notice.

Death of owner-customer

An owner-customer membership will terminate on the death of the owner-customer. In the distribution or partition of the deceased person’s estate, the death estate can transfer the deceased person’s owner-customer membership, generally either to widow/widower or heir.