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Benefits for owner-customers on daily services

As an OP cooperative bank owner-customer, you will receive versatile daily services at lower cost. You will automatically benefit from benefits and discounts to which you are entitled.

Only as an owner-customer, you will get:

  1. Daily banking services without monthly charges until 31 December 2025
  2. Interest on the Current account
  3. Product Protection Insurance for card purchases


Daily banking services without monthly charges

You will get a personal customer’s daily banking services without monthly charges until 31 December 2025 at the OP cooperative bank of which you are an owner-customer. 

The benefit includes:

  1. A Current account
  2. Debit and credit cards, such as OP Gold
  3. OP's user ID, OP-mobile, the op.fi service and other digital services
  4. OP Account SMS, as of 1 January 2025

The benefit applies to individual products and daily services packages. The value of the benefit depends on the products and services you use. For example, the price of the daily services package for owner-customers starts from €3.95 per month and for owner-customers aged under 30 from €0 per month. The period of no monthly charges applies to all personal customer cards issued by OP, such as OP Gold.

Interest on the Current account

As an owner-customer, you get interest on your Current account. The interest rate is 0.25%.

This benefit also applies to a child's Current account, Joint family accounts and Rent deposit accounts.

An OP cooperative bank owner-customer with a Current account with standard terms and conditions and owner-customer membership in the same OP cooperative bank will be paid interest. If the account has several holders, all account holders must be the same OP cooperative bank's owner-customers.

Otherwise, the interest rate is 0.00%.

Product Protection Insurance for card purchases

As an OP cooperative bank owner-customer, you will have one year of Product Protection Insurance cover from the time of purchase for purchases made with OP Gold, OP Platinum or OP Duo. The cover for purchases made with OP Classic is valid for 6 months from the time of purchase. The insurance is valid automatically when paying with an OP credit card using either the credit or debit function.

All owner-customer benefits will be available to you from the moment you join. You can easily check whether you are already an owner-customer.

Example calculations of OP’s credit cards

Example calculation for credit of OP Visa cards:

The effective interest rate calculated for used credit of 2,000 euros is 19,04% (10/2024). The calculation does not take into account the owner-customer's or other discounts. This calculation is based on the assumption that the card’s monthly charge is 2.95 euros and the monthly account service charge 3.50 euros, free of charge e-invoicing is in use, that the credit interest rate, fees and charges remain constant throughout the credit period, and the credit is repaid in 12 identical monthly instalments. The estimated total amount payable is 2,186.80 euros.  


Example calculation for credit of OP Duo credit card:

The effective interest rate calculated for used credit of 2,000 euros is 20,40% (10/2024). The calculation does not take into account the owner-customer's or other discounts. This calculation is based on the assumption that the card’s monthly charge is 4 euros and the monthly account service charge 3.50 euros, free of charge e-invoicing is in use, that the credit interest rate, fees and charges remain constant throughout the credit period, and the credit is repaid in 12 identical monthly instalments. The estimated total amount payable is 2,199.40 euros.