Best banking services for adolescents

Banking services for young people aged 15–17, free of charge.

Account for a young person’s money

A personal bank account is the basis of a young person’s banking. Opening an account online for a young person is easy. Young persons can also themselves open the account for their money.

Bank card for easier everyday life

A card can be linked to the account, meaning that purchases will be debited directly from the account. The card can also be included in Pivo or Apple Pay. Then payments can be made with a phone. Payments made with a card is secure online, at checkouts and in apps.

Using services online is easy with OP’s user ID

With the user ID, young people can use services on OP-mobile and on the op.fi service and in other important services, such as Kela (Social Insurance Institution of Finland, the joint application system for schools, and in online shopping.

Towards managing finances independently

Parents can open an account for their adolescent by filling in an application on the op.fi service. The card can also be linked to the account. This means that purchases can be paid directly from the money in the account. If the young person wants to use the card in online shopping, applications and services, OP’s user ID is needed.

After the young person turns 15, they can also open an account for money earned from employment. Parents have no right to use this account without the young person’s permission.

When the young person is ready to use banking services independently, personal OP’s user ID can be activated for them. With the user ID, the young person can monitor their personal finances and pay bills and for purchases made online. A young person can use their own user ID for identification when digitally accessing key services such as Kela or the joint application system for schools and entrance tests, or as a handy way of buying travel and cinema tickets. Young people can also use OP-mobile for access to banking anytime they want.

This is how you activate services for a young person

If the young person already has an account but a card and OP’s user ID should be linked to it, follow the same instructions.

  1. Make sure that the young persons has a valid personal ID document (passport or ID card).
  2. Book an appointment. At least one guardian should accompany the young person to the appointment. If one of the guardians cannot be present, ask them to grant power of attorney to the guardian who can attend. 
    If neither guardian can be present, you can give your consent to the young person to obtain the card and user ID on their own. Guardians can provide consent by first contacting Customer Service and then logging into the Electronic Signature Service using OP’s user ID or another bank’s user ID.
  3. The young person must bring a valid ID card or passport. A driving licence will suffice for the attending guardians. Read more about accepted personal ID documents
  4. At the appointment, we will update customer details, if necessary, and activate the required services.
  5. The young person will get OP’s user ID at once. The bank card and its PIN will arrive at home within 1–2 weeks.

Book an appointment

As the subject for the meeting, select Henkilöasiakkaan palvelut (Services for private customers) - Alaikäisen ja nuorten palvelut (Services for young people) and a mention of what services you want to activate for the young person.

 

How do I create a power of attorney?

  • Ask the other guardian, if any, to make a power of attorney for a minor’s banking. It pays to create the power of attorney in one go for all minor’s banking transactions of your choice, such as an account, card and OP’s user ID. 
  • As OP’s customer, you can create a power of attorney on the op.fi service.
  • If the guardian doesn’t have OP’s user ID, they need to first call Customer Service and then log into the Electronic Signature Service using another bank’s user ID to sign the power of attorney.

Make a power of attorney on the op.fi service

Tip: Both parents should make powers of attorney for their minor’s banking. This is, for example, how the card’s spending and withdrawal limits can be changed with the parents’ user ID too via our customer service.

 

How to activate individual services for a young person

  • Account: you can open an account on the op.fi service if one of the parents have OP’s ID. The other parent, if any, can accept the opening of the account also with the user identifiers of another Finnish bank. If the young person is in paid employment, they have the right to independently open an account and apply for a card without their guardians. Read more about account
  • Bank card: you can apply for a card for a young person through our customer service. Completing the process requires a visit to a bank branch. Read more about card
  • OP’s user ID: OP’s user ID is given to a young person by visiting an OP cooperative bank with guardians. Read more about user ID

Let’s together support young people in managing their finances in all life situations. It is very important for a young person’s future that they keep their credit history and personal finances in order. Young people can safely learn to manage personal finances with the help of OP-mobile and Pivo.

Getting started with saving and investing when you’re young is a great way to prepare for the years to come.

  • Parents can see their minor’s account with their user ID on OP-mobile and the op.fi service if they are authorised to use the account. Such user authorisations can be changed with a power of attorney.
  • With the personal user ID, the young person can change the card’s withdrawal and spending limits. If necessary, the parent can change them in customer service if a power of attorney has been made to give authorisation for this purpose. 
  • The parent may also set transaction limits for the account on the op.fi service. Such limits cannot be edited using the young person’s user ID. If the young person has opened an account for personal earnings, the parent will not be authorised to use it without the young person’s permission.
  • With their user ID, the young person can see all accounts in their name although no authorisation to use them existed. Any mutual funds and equity investments are not visible to the young person themself.