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Joint Bank Account

Shared account for household groceries, loan payments or renovation

A Joint Bank Account is a current account dedicated to paying your household expenses. Keeping up with family finances is easy with an account for the purpose. You can, for example, always transfer a certain amount to this account on your payday.

  • A current account shared by the family's adults for paying household expenses, such as groceries, renovation, loan repayments or other regular household costs.
  • Transferring the agreed amounts from the adults' own current accounts to this household account is simple.
  • Household expenses can easily be monitored on one bank statement.
  • Both adults can have payment cards linked to this account. 
  • The Joint Bank Account will be free of charge until 31 October 2020. As of 1 November 2020, the account will be free of charge for owner-customers. For other customers, a charge in line with our list of charges and fees will be applied. Please note that entitlement to a free-of-charge account requires that all account holders are owner-customers of the account-holding bank.

Funds in the Joint Bank Account will generate OP bonuses until 31.10 2020. Learn more under the section ‘Owner-customer benefits and OP bonuses through banking services’!

How to open a joint account

The most convenient way of opening a joint account is by logging into

1. Open a new current account

2. Send an online message where you ask to include another account holder in your account. Please indicate the following information in the online message:

  • the number of the current account you are opening
  • the name and personal ID code of the other account holder
  • and the information that both account holders can use the account separately.

3. When opening the account, check that your KYC information is up to date. KYC means Know Your Customer, and it’s information that all banks must ask from their customers. To check your KYC information in English, open OP-mobile on the front page and select More > My profile > KYC information. You can also check the information in Finnish in the service under Oma profiili (My profile) after logging in: Oma profiili > Oma asiointi > Omat tiedot.

4. The other person to be included in the account must sign an account agreement, either on the Electronic Signature Service or at a bank branch.

The other person to be included in the account will be informed of the account agreement to be signed, by email, online message or SMS. Signing the account agreement electronically is possible, if the person to be included in the account is an OP customer and they have OP eServices user IDs.

The Electronic Signature Service is available at Login is possible with personal OP eServices user IDs. The documents to be signed can be viewed on the front page after logging in.

If necessary, book an appointment for a meeting at a bank branch here.

Before I used my own current account for the family's joint expenses. Now the children's day-care fees, home loan repayments, insurance premiums and other expenses are easily split evenly with my spouse.
Timo Alatalo‚ Järvenpää

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.

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

You can easily change spending/withdrawal limits for your accounts online. Considering that such daily limits make it safer to use the account, you should set them. You can change the limits temporarily when you make bigger purchases, for example.

You can set two types of spending/withdrawal limits for your account:

  • For the biggest possible one-time withdrawal  
  • For the total daily withdrawals, or the maximum amount of money you can withdraw within one day.


The spending/withdrawal limits relate to:

  • cash withdrawals,
  • real-time credit transfers and
  • card payments which are automatically checked against during payment whether the account has sufficient funds.


The spending/withdrawal limits do not affect the amounts submitted to the payment service payable on the due date.

Further confirmation required for change in spending/withdrawal limits

Further confirmation is required to change spending/withdrawal limits. We will send a text message to your mobile phone and you will check the information in the message before you accept the change. You should use the key code matching the serial number in the message to confirm the change. So keep the list of key codes close at hand when you change the spending/withdrawal limits. The change will take effect immediately after you have accepted further confirmation.

Also set spending/withdrawal limits for each card

It is advisable to set card-specific spending/withdrawal limits with which you specify daily limits for cash withdrawals, POS payments and online payments.

You can change the limits by logging into OP eServices, calling at 0100 0500 or visiting a Group member cooperative bank branch.

You can set the limits separately for your card's debit and credit sides.

OP bonuses

As an owner-customer, you will earn OP bonuses for example from:

  • loans
  • savings and investments
  • purchases you have paid with credit
  • insurance premiums for home, family and motor vehicle policies.

From 1 November 2020, OP bonuses will accrue from:

  • home loans, secured bank loans, student loans
  • savings and investment accounts
  • mutual fund units and unit-linked insurance
  • non-life insurance bills

The change on 1 November 2020 means that no OP bonuses will accrue from:

  • deposits in current accounts
  • unsecured consumer loans (Flexible Consumer Credit, Special Consumer Credit, One-off Credit and Overdraft Facility)
  • OP hire purchase
  • Purchases paid using OP Visa as a credit card, the balance of credit with interest of OP-Visa and OP-Mastercard cards

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

The account is granted by the OP cooperative bank.