Saving and investing for young people


How young people can manage their savings and investments

Saving and investing with an OP user ID activated for a minor before 10 December 2020 will be blocked starting from 30 May 2022. If the young person does not have the need to manage investments, they can continue using the current OP user ID normally.

If the young person aged between 15 and 17 wishes to manage funds, stocks on OP-mobile, we require consent from the parents and a user ID activated after 10 December 2020. If the young person’s user ID was activated before this date, the ID must be renewed. 

You can check the activation date by logging into the service using the young person’s user ID. 

Check the activation date of your user ID

If the young person does not have an OP user ID, you can give your consent to activating the ID and management of savings and investments in the link below. We will let you know when the young person can pick up their user ID from the bank and begin managing their savings and investments.

How a young person can begin or continue investing with their personal OP user ID

1. The parent or guardian fills in the form below, which authorises the minor to manage savings and investments independently on OP-mobile. The parent must have an OP user ID. 

2. If the young person wishes to invest in stocks with a book-entry account, check the section of the form indicating that you wish to open a custody service package. If the young person already has a book-entry account, leave the section blank.

3. The consent form will be processed within a few weekdays.

4. The parents are notified by email or SMS when the documents are available for electronic signature.

5. We will let you know once the authorisation is granted and whether the young person needs a new OP user ID. 

6. If the young person needs a new OP user ID, we will let you know when they can be picked up from the bank. Make sure to have a passport or photo ID with you when visiting the bank.

7. After this, the young person can independently manage savings and investments on OP-mobile with their own user ID. 

8. If you want to revoke the authorisation, contact the bank.

By authorising the minor, you give them the right to view and make changes to all their owned savings and investments. Please note that the authorisation does not apply to possible insurance assets.

Authorise a young person to manage savings and investments independently here

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Did you know that young people aged between 15 and 17 can save and invest independently on OP-mobile with their parents’ or guardians’ consent? The earlier you start investing, the more you stand to benefit.

In order to save and invest money independently, the young person needs consent from the parent(s) or guardian(s). After the consent is given, the young person can view and make changes to all their owned savings and investments. Please note that the authorisation does not apply to possible insurance assets.

A young person can buy and sell funds and invest in stocks through and equity savings account and a book-entry account. Minors cannot buy complex investment products or investment products listed outside the European Economic Area. Complex investment products include complex investment funds and ETFs, structured investment products, warranties and certificates.

Young people's benefits for saving and investing

Being under 26-year-old, you invest through an Equity Savings Account and an book-entry account without monthly charges. You'll get almost all service packages free of charge. The benefits and discounts are automatically available to you.

Service package Saver Investor
Equity Savings Account €0 per month (norm. €2.99) €14.99 per month
Book-entry account €0 per month (norm. €2.99) €0 per month (norm. €5.39 per month)

You also always trade at low cost. Learn more about the trading fees in the list of charges and fees.

More about our investment charges and fees

Did you know that you as an owner-customer invest at lower cost? Find out more about saving and investing benefits for owner-customers.

See owner-customers’ investment benefits

Learn financial skills by saving and investing

Saving and investing money is a smart way to learn financial skills. It is important for each of us to learn how to manage personal finances, and the skills we pick up while young are reflected in our financial skills in the future. 

If you are completely new to the world of saving and investing, we recommend reading more about the topic on our website and by following our experts on social media, for example.

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Read more about saving and investing before you get started.
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Investment always involves a risk. The value of investments can rise and fall, an investor can lose part or all of the money they invest, or never receive the expected return. OP Fund Management Company Ltd manages OP mutual funds. Investment services are provided by OP cooperative bank.