Opening a bank account in Finland for natural persons or for companies is relatively a simple process. If you want to know details about how to open a bank account in Finland, you are welcome to get in touch with our agents. Our experts in company formation in Finland will not only guide you about bank accounts but will also practically assist you in each step. We are here to tell you more about opening a company in Finland, including a required bank account.
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How to open a bank account for a foreigner in Finland?
Banks in Finland require future customers to confirm the client’s identification before opening an account. Information about the source of money is also solicited by the bank representatives in Finland at the time the account is opened. On the other hand, a foreign citizen must fulfill certain conditions set forth by financial organizations before they can create a bank account in Finland, which include the following:
- owning any property in Finland;
- starting your own business;
- working for a client;
- studying.
You are required to meet the aforementioned conditions to get a Finnish bank account as a foreigner. Furthermore, our specialists can also help you register a company in Finland. Their assistance can help you avoid making mistakes and elongating the incorporation procedure. As such, if you are interested in setting up a company in Finland, you are welcome to get a consultation from our specialists in this regard, including for a bank account.
International bank accounts in Finland for non-residents
If you are seeking help to open a bank account in Finland as a non-resident, you can rely on the services of our company incorporation consultants. They can guide you about the regulations of such bank accounts in Finland. Besides, you can also find general information ahead about bank accounts for non-residents.
Opening a bank account in Finland as a non-resident is possible because banks have special offerings called international accounts created for this purpose. To be sure you have all the necessary documentation, get in touch with the bank, or our agents can do this on your behalf. There can be extra conditions you need to meet to open an international account, and there might be restrictions on what you can do with it, but generally speaking, all the fundamental banking services, such as transfers and cash withdrawals, will be accessible. If you are interested in opening a bank account in Finland as a non-resident, our experts can assist you. Check our services for opening a company in Finland and a bank account.
Documents required to open a bank account in Finland
The Finnish banking sector is regulated by the Finnish Financial Supervisory Authority (FIN-FSA), which is responsible for ensuring the safety and soundness of the financial system. The FIN-FSA oversees issues such as capital adequacy, risk management, and consumer protection. If you are planning to open a bank account in Finland in 2025, the documentation a foreigner must present to create an account will be decided by domestic authorities, international regulators, and the bank itself. However, the documents mentioned below are examples that are typically required in practically all nations:
- photo ID or a passport;
- proof of residence and address (e.g. utility bill);
- phone number;
- bank statement;
- letter of recommendation;
- reason why you want to open an account.
Non-residents can benefit from varied bank services in Finland. As such, they can choose the “international bank account” dedicated to foreigners living in Finland. The formalities and procedure might differ from one bank to another, therefore, you can talk to our team and see what type of documents are required for opening such a bank account.
You are advised to get in touch with our company formation agents to learn if there are other documents you need to open a bank account in Finland as a foreigner. In addition to this, you can also seek the services of our agents if you want to open an online bank account in Finland.
About the digital banks in Finland
The direction of banking consumers everywhere is clear. Most prefer digital services, simplified and available at any time. There are many customers who have preferred to leave traditional banking services behind in exchange for digital ones due to the benefits they bring. Let’s review some legal details of the digital banking system in Finland:
- The digital bank market in Finland is anticipated to see a notable growth in net interest income and even reach a value of around USD 4.33 billion by the end of 2025.
- The compound annual growth rate (CAGR) for the period 2025-2029 may reach approximately 1.80% and a market volume of around USD 4.65 billion by the end of 2029.
Interested in company incorporation in Finland? Would you like to open a bank account in Finland? Feel free to contact our Finnish agents to learn about the procedures and formalities involved.
Besides this, the services of our company incorporation agents are at your disposal if you need a virtual office in Finland. Our agents can describe different virtual office packages and also assist you in choosing one that suits your business needs well.