How to Open a Bank Account Online in Finland

How to Open a Bank Account Online in Finland

Finland, known for its advanced financial sector, offers various types of bank accounts to cater to individuals, freelancers and businesses. Opening a bank account in Finland grants you access to a robust banking system and a wide array of financial services. In this article, we will walk you through the hassle-free process of opening a bank account online in Finland. Let’s get going!

What Types of Accounts are Available in Finland?

In Finland, you can find a range of accounts tailored to different needs. Whether you’re an individual or a business, you can choose from options such as personal current accounts, freelancer accounts, business accounts, merchant accounts and more. Each type of account comes with its own set of features and benefits catering to specific requirements, allowing you to manage your finances effectively.

What Documents are Required to Open a Bank Account in Finland for Foreigners?

When opening a bank account in Finland as a foreigner, you will typically need the following documents:

  • Valid Identification: Provide a valid passport or national ID card as proof of your identity.
  • Proof of Address: Submit a recent utility bill, bank statement, or any official document that confirms your residential address in Finland.
  • Residence Permit: Non-EU residents may need to provide a valid residence permit or other relevant immigration documents.
  • Employment/Student status confirmation or Income Details: Depending on the bank, you may be required to provide information about your employment/student status or the source of your income.

Please note that specific document requirements may vary between banks, so it’s advisable to check with your chosen bank for their exact documentation requirements by reaching out via phone or email.

What are the Common Challenges Faced When Opening an Account for Non-EU Residents?

Non-EU residents may encounter certain challenges when opening a bank account in Finland. Some common challenges include:

  • Limited Access: Some traditional banks in Finland may have stricter policies and requirements for non-EU residents, making it more difficult to open an account.
  • Language Barrier: The language barrier can sometimes make it challenging for non-EU residents to navigate through the account opening process, especially if the bank’s services and documentation are primarily in Finnish.
  • Proof of Address: Banks typically require proof of address in Finland, which can be difficult for non-EU residents who have recently relocated or do not have a permanent address.

Which Countries are Blacklisted for Opening a Bank Account in Finland?

Finland, like many other countries, has specific regulations regarding banking relationships with certain countries. While it is advisable to check with individual banks for their policies, there are typically restrictions or additional scrutiny when opening accounts for individuals or businesses from countries on the blacklist. These restrictions aim to prevent money laundering and other financial crimes and can be easily found both on the bank’s website and in other sources on the web.

Opening a Bank Account in Finland with a Traditional Bank

If you prefer to open a bank account with a traditional bank in Finland, you can visit the bank’s branch or website to initiate the account opening process. Be prepared to provide the required documents, undergo identity verification, and comply with the bank’s specific procedures. It’s essential to research different banks and their account options to find the one that suits your needs.

A Faster and Simpler Way to Get a Bank Account in Finland

For a faster and simpler account opening experience, consider using digital banking providers or electronic money institutions (EMIs) like With, you can open a bank account online in Finland, eliminating the need for branch visits and paperwork. A user-friendly platform and streamlined processes make it simple for both residents and non-residents to access Finland’s robust banking system and a wide range of financial services.

Whether you choose a traditional bank or a digital banking provider like, it’s essential to gather the required documents and precisely follow the account opening procedures. Simplify your banking experience and explore the possibilities of efficient banking in Finland today!

POSTED ON: 28 Jun 2023


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