Onnellinen perhe sohvalla

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 interest rate for owner-customers' Current accounts will rise on 1 November 2023 – the benefit also applies to a Joint Bank Account

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 Joint Bank Account.

See all additional benefits for owner-customers

How to open a Joint Bank Account


The most convenient way of opening a joint account is by logging into OP-mobile.

1. Open a new current account. From the OP-mobile home page, select Money > Accounts and cards > Open an account.

2. Check that your KYC information is up to date. From the home page, select More > My profile > Customer details. KYC means Know Your Customer, and it’s information that all banks must ask from their customers.

3. Send us a message asking us to add another account holder to your account. Please provide the following information in your message:

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

4. Lastly, the account holder you added to the account must sign the account agreement on OP's Electronic Signature Service or at a bank branch.

It's possible to sign the account agreement electronically if the person added to the account is already an OP cooperative bank customer and has an OP user ID. They will be informed about the signing of the account agreement by message.

If necessary, you can also book an appointment for a meeting to open a Join Bank Account.

Go to appointment booking

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 Joint Bank Account.

The General Terms and Conditions for Accounts for Private Customers apply to the Joint Bank Account.

The Joint Account is a current account with several holders. The current account is subject to a monthly charge that is based on the list of service charges and fees. The service charge is debited monthly from your current account.

Current accounts are free of charge for customers under 26 years of age, and for accounts held at the OP cooperative bank where the holder is an owner-customer. If an account has several holders, it will only be free of charge if all account holders are owner-customers of the OP cooperative bank where the account concerned is held.  

Please note that each OP cooperative bank can have owner-customers. You can check your owner-customer membership by logging in to OP-mobile or op.fi service. 

A monthly charge is not debited from the current account that has been pledged or belongs to a death estate.

See the valid list of charges and fees

Check your owner-customer membership

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.

You can easily change the transaction limits for your accounts on OP-mobile and in the op.fi service. 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 transaction 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 transaction 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 transaction limits do not affect the amounts submitted to the payment service payable on the due date.

Read the instructions for changing the transaction limits of your account

Also set transaction 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 set the limits separately for your card's Debit and Credit sides.

You can change your cards’ spending and withdrawal limits on OP-mobile and in the op.fi service. You can also call our Customer Service or visit an OP cooperative bank branch.

Go to customer service page


The account is granted by the OP cooperative bank.