Book-entry account
Invest in shares or other exchange traded products as a better opportunity for returns.Invest in stocks easily, by opening a book-entry account
After opening the account, you can trade in securities such as stocks and ETFs.
Low-cost investment
If you are an owner-customer or under 26 years old, you can open a book-entry account for free and invest without monthly charges.
Diversify between trading venues and asset classes
With a book-entry account, you can buy international stocks and securities listed outside Finland. Diversification could improve your expected return and reduce your risk.
Benefits for owner-customers when trading
Stock purchases via a book-entry account cost from 0.05% (min. 3 euros). In addition, owner-customers pay no more than a 1% fee for Finnish stock, which means that you can invest smaller sums, such as 100 euros.
Why open a book-entry account?
The key to investing is getting started. Opening a book-entry account is an easy way to start investing. Stock investment is one of the best ways to pursue returns. You can make good use of the compound interest effect by starting as early as possible, with a long investment period.
With a book-entry account, you can invest in securities such as stocks, ETFs and structured investments. You can diversify your investments widely, with no deposit limit.
How do I open a book-entry account? How to get started
Transfer of book-entry account
It’s easy to transfer a book-entry account and stock to us. In many cases, this is worth doing, because keeping all your stock with one bank will give you an overview of all your investments. You will also save on fees – investing through OP is always low cost. Transfer of a book-entry account takes around five days.
- Become our customer, if you haven’t done so already.
- Click here to transfer a book-entry account
- You can send us the share purchase prices in a message via OP-mobile or the op.fi service.
Transfer of acquisition prices
The acquisition prices of stocks (book-entry securities) are not automatically transferred alongside the stocks themselves. You can request the acquisition prices from your old stockbroker. Please send them to us on our Excel template. Add the prices to the Excel template and send the file as a message attachment via OP-mobile or the op.fi service.
Book-entry account taxation
Taxes due for a book-entry account are collected annually based on the sales profits and dividends for each year. Sales profits are taxed at 30–34% and dividends at 25.5–28.9%. In most cases, tax at source in excess of the Finnish dividend tax rate is taken into account and refunded in Finnish taxation. Capital losses on a book-entry account are tax-deductible in annual taxation: the deduction can be transferred to capital gains in the current and subsequent five years.
You can sell the stocks at any point. Any tax on profits and dividends will be withheld automatically.
At the end of each year, you will receive an account statement of your shareholdings and returns, such as dividends. This information is needed for taxation purposes. The tax authorities will automatically receive information on investments, but you should also check this information yourself.
Which stock and ETFs should I purchase for my book-entry account?
A investment portfolio should include stock in around 5–10 companies. You could start with one company and gradually diversify your portfolio to others. Alongside direct stock purchases, ETFs are a cost-effective way of further diversifying your portfolio. Diversification can help to level out investment risk and avoid major value fluctuations.
Most popular stocks and ETFs in 2023
| Finnish equities | International equities | ETFs |
|---|---|---|
| Nordea | Telia Company AB | ISHARES CORE S&P 500 UCITS ETF USD - ACC |
| FORTUM Corporation | SSAB AB SER B | ISHARES CORE MSCI EM IMI UCITS ETF - ACC |
| NOKIA Corporation | Sotkamo Silver AB | ISHARES GLOBAL CLEAN ENERGY UCITS ETF - USD DIS |
| Neste Corporation | SSAB AB SER A | XTRACKERS ARTIFICIAL INTELLIGENCE BIG DATA UCITS ETF - 1C USD ACC |
| Sampo plc | Tesla | ISHARES NASDAQ 100 UCITS ETF USD ACC |
| UPM-Kymmene Corporation | Wolkswagen AG | L&G Hydrogen Economy UCITS ETF – USD ACCF |
| Nokian Tyres plc | Novo Nordisk | ISHARES S&P 500 HEALTH CARE SECTOR UCITS ETF - USD ACC |
| Valmet Corporation | Ericsson | SPDR S&P US DIVIDEND ARISTOCRATS UCITS ETF - USD DIS |
| MANDATUM plc | Microsoft | VANECK MORNINGSTAR US SUSTAINABLE WIDE MOAT UCITS ETF - A USD ACC |
| FINNAIR Corporation | Investor AB SER B | ISHARES CORE MSCI WORLD UCITS ETF - USD ACC |