Opening a bank account for a child

Open an current 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 bank 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.

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.
  • 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 online as a present for your grandchild or godchild, for example. If the child is not OP’s customer, we will ask the guardians/parents for the information necessary to open the account. We will contact the child’s guardians/parents by mail or online message. 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

The deposit rate is 0 %. 

The funds and the deposit interest fall within the scope of deposit insurance up to the amount prescribed by law.  OP Financial Group banks are considered as a single bank from the perspective of deposit insurance.

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.

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.