Home » Finland » Finland – Banking

Finland – Banking

Finland is a country located in Northern Europe, known for its high standard of living and advanced economy. As an expat in Finland, it is important to understand the banking system and the options available for managing your finances. In this article, we will explore the main local and international banks operating in Finland, the services they offer, and how to open a bank account as an expat.

Local Banks in Finland

There are several local banks in Finland that offer a range of financial services, including savings accounts, loans, and investment products. The following are some of the main local banks in Finland:

  1. Nordea Bank Finland – Nordea is the largest financial services group in the Nordic region, with a significant presence in Finland. They offer a range of banking and investment services, including savings accounts, loans, and credit cards.

  2. OP Financial Group – OP is a cooperative bank that offers a wide range of financial services, including banking, insurance, and investment products. They have a large network of branches throughout Finland and provide services in both Finnish and English.

  3. Danske Bank – Danske Bank is a Danish bank that operates in Finland, offering a range of financial services to individuals and businesses. They offer savings accounts, loans, and credit cards, as well as investment and insurance products.

International Banks in Finland

In addition to local banks, there are several international banks operating in Finland, including some major UK and US banks. The following are some of the main international banks operating in Finland:

  1. HSBC Bank – HSBC is a UK-based bank with a significant presence in Finland. They offer a range of banking and investment services, including savings accounts, loans, and credit cards.

  2. Citibank – Citibank is a US-based bank that operates in Finland, offering a range of financial services to both individuals and businesses. They offer savings accounts, loans, and credit cards, as well as investment and insurance products.

Banking Services for Expats

Many banks in Finland offer accounts and services specifically designed for expats. These services may include assistance with opening a bank account, help with managing finances in a foreign currency, and support with tax-related issues. Some banks also offer special deals and discounts for expats.

Bank Opening Hours in Finland

Typical bank opening hours in Finland are from Monday to Friday, 10:00am to 4:30pm. Some banks may also be open on Saturdays, but with shorter hours. Many banks also offer online banking services that are available 24/7.

Specific Areas of Concern in Finland

One area of concern for expats in Finland may be the language barrier. While many Finns speak excellent English, some banking documentation and services may only be available in Finnish or Swedish. It’s important to ensure that you have a good understanding of the language or bring someone with you who can translate if necessary.


Get Our Best Articles Every Month!

Get our free moving abroad email course AND our top stories in your inbox every month


Unsubscribe any time. We respect your privacy - read our privacy policy.


Another consideration for expats is the banking fees in Finland. Some banks may charge higher fees for certain transactions or services, so it’s important to compare different banks and their fee structures before opening an account.

Opening a Bank Account

  1. Choose a bank: Research different banks in Finland to determine which one best suits your needs. Some popular options for expats include Nordea, Danske Bank, and OP.

  2. Gather necessary documents: To open a bank account in Finland, you will typically need to provide proof of identity, such as a passport or national ID card. You may also need to provide proof of residency in Finland, such as a lease agreement or utility bill.

  3. Visit a bank branch: Visit a local branch of your chosen bank and inform them that you wish to open an account. You will be provided with an application form to fill out.

  4. Provide documentation: Provide the necessary documentation to the bank, including proof of identity and residency.

  5. Wait for approval: The bank will review your application and may contact you for further information or documentation if needed.

  6. Activate your account: Once your account has been approved, you will be provided with account details and can begin using your new account.

Overall, opening a bank account in Finland is a relatively easy process for expats, as long as you have the necessary documentation and a basic understanding of the language. By researching different banks and their services, you can find the best option for your needs and start managing your finances in Finland with ease.


Latest Videos

Vietnam - True or False?

Expat Focus 29 October 2023 11:15 am

This error message is only visible to WordPress admins

Important: No API Key Entered.

Many features are not available without adding an API Key. Please go to the YouTube Feed settings page to add an API key after following these instructions.