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. 

To open the account, you will need

  • the name and personal ID code of the underage child
  • your OP user ID
  • the other guardian’s 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. They must accept the agreements for opening the account in our electronic signature service.
  • You will get a message when you can start using the account. You can read the message on OP-mobile or in the op.fi service.
Open an account for your child

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 benefits

  • As an owner-customer, you get a current account, OP eServices and OP-Visa card at a lower cost. The cost for owner-customers is €3.95 per month. The cost for other customers is €7.95 per month.

  • As our owner-customer, you can choose a long-term fixed interest rate for your new home loan throughout the loan's term, up to 25 years. This is how you can ensure that your interest charges for your home loan will remain unchanged throughout the loan term.

  • As owner-customer you can get a student loan with no service charge in case your loan application is filed at op.fi.

Read more about benefits

OP bonuses

Owner-customers earn OP bonuses from:

• Funds in savings accounts

• Home loans, student loans and secured bank loans

• Mutual funds and unit-linked insurance assets

• Insurance premiums paid, such as home and motor vehicle insurance and continuous travel insurance

 OP bonuses are used for the bank’s service charges and insurance premiums.

Become an owner-customer

Banking for children and young people

Would you also like to get an OP user ID and a card for your child? Or start investing in mutual funds? Read more about banking services for a minor.


The account is granted by the OP cooperative bank.