The Rent Deposit Account is an ideal solution for depositing the agreed security deposit.
- The tenant deposits the amount agreed with the lessor, not to exceed three months’ rent, to a current account and pledges it with a pledge agreement.
- Due to the pledge, the tenant cannot access the funds on the account during the lease. The funds can be withdrawn once the lease ends and the lessor has signed a release of the pledge. The lessor returns the signed pledge agreement to the tenant or delivers it directly to the bank.
- If the tenant neglects his obligations under the tenancy agreement, the landlord has the right to withdraw the pledged money from the bank.
- The pledge agreement form for a rent deposit is available in the op.fi service. In the pledge agreement, the bank agrees to a non-set-off commitment, in other words not to set off funds deposited in the account against any receivables it may have.
How to open a rent deposit account at op.fi
The easiest way to open a rent deposit account is to log into the op.fi service. We currently don’t offer online services in English for private customers.
Tip: To avoid mixing up your accounts, you can name the new account "Rent Deposit Account".
Edit account details
Edit account details
2. Deposit on your new account the amount of rent deposit agreed in the lease agreement
3. Pledge your account as a rent deposit account
4. You will receive the pledge agreement by online message within 1 to 3 working days. You still need to fill in any missing information in the pledge agreement, sign it and deliver it to your lessor.
3. Pledge your account as a rent deposit account
4. You will receive the pledge agreement by online message within 1 to 3 working days. You still need to fill in any missing information in the pledge agreement, sign it and deliver it to your lessor.
Please note that you must be at least 18 years old to open a rent deposit account via the op.fi service. With the guardians’ permission, we can open a rent deposit account for a minor at a bank branch.
If you wish, you can also open a Rental Deposit Account at a branch. Remember to bring your identity papers and tenancy agreement.
The bank charges a fee for the pledge and withdrawal restriction in accordance with the bank's list of service fees. The service charge is debited automatically, and primarily from OP bonuses.