Current account for a child

Open an account for your child easily online

Are you looking to save a nest egg for your child, put away birthday money, or teach an older child about personal finances? Having a personal account is useful for a child in many ways.

A child’s owner-customer membership offers benefits for the whole family. While you open an account, you can also become an ownercustomer.

The interest rate for owner-customers' Current accounts will rise on 1 November 2023

For an OP cooperative bank's owner-customers, the deposit interest rate of the Current account with standard terms and conditions will be a fixed 0.25% from 1 November in the bank where the owner-customer membership of all account holders is. Otherwise, the interest rate is 0.00%.

The benefit also applies to a child's Current account.

To open the account, you will need

  • the registered name and personal ID of the underage child
  • OP’s user ID
  • the other guardian’s must have online banking user identifiers at OP or any other Finnish bank
  • about 15 minutes of your time.

In what situations is it not possible to open an account online?

Learn more about becoming OP’s customer

How to open an account for a child

  • Fill in the application online.
  • The other guardian is notified of the application. The guardian must accept the account opening agreements by selecting on this page “Go to application” and following the instructions. If you are the child’s only guardian, the account will be opened after you have filled in the application.
  • You will get a message when you can start using the account.

The guardians can use this account independently using their own OP’s user ID.

Go to application

Opening an account for a grandchild or godchild 

You can open a current account as a present for, say, your grandchild or godchild by contacting our Customer Service. To do this, message us via OP’s digital services or chat, or call us. To make it smoother to open the account, we recommend that the child be a customer of OP already before opening the account. If the child is not OP’s customer, we will ask the guardians for the information necessary to open the account. We will contact the child’s guardians by letter or by message that they can read on OP-mobile or the op.fi service. To open an account, you will need the child’s personal ID code and name.

There is no gift tax when gifting no more than 138 euros per month or 4,999 euros every three years. When you give the gift to the child's account, there is no need to file a gift tax return form.

Opening an account for a young person with income

Does your child over the age of 15 want a personal current account for their own income? A young person who has turned 15 can open an account for their own income.

Deposit interest rate

From 1 November 2023, the account interest rate for owner-customers is 0.25% in that OP cooperative bank in which all holders of the account have an owner-customer membership. Otherwise, the interest rate is 0.00%. The interest rate applies to Current accounts with standard terms and conditions.

Account terms and conditions

The General Terms and Conditions for Accounts for Private Customers apply to current accounts.

Take a look at the General Terms and Conditions for Accounts (pdf)

A current account is free of charge for those under 26 years.

Deposit guarantee

Deposits in the account are covered by deposit guarantee under the Act on deposit guarantee. The maximum compensation for guaranteed deposits is EUR 100,000 for the deposits made in a single deposit bank. OP Financial Group member banks are considered a single bank from the perspective of the deposit guarantee.

Deposit guarantee protects a depositor's funds on an account if the deposit bank becomes insolvent. If a deposit bank is declared bankrupt or is in permanent default, the Financial Stability Authority pays compensation to the bank’s depositors from the Deposit Guarantee Fund.

Owner-customer benefits and OP bonuses through banking services

Owner-customer membership offers benefits for the whole family.

A family unit can use OP bonuses earned on services used by any member of the family for the benefit of the whole family.

Read more about owner-customer benefits

Banking services for customers aged 7–14

Children and young people can practice money management safely with their own account and debit card.

Services for customers aged 15–17

Young people are becoming more independent and can take charge of their own finances. Learn more about how to activate our services for your youngster.


The account is granted by the OP cooperative bank.