Documents needed for opening an account

Opening a bank account for your business is easy when you have the required documents with you in Finnish, Swedish or English:

An extract from the trade register, no more than three moths old.A company, association and foundation is required to present an extract from the trade register and articles of association. The person who signs an agreement on behalf of a company, association or foundation must be registered in the trade register as a representative authorised to sign for it. Likewise, a person granted the right to use an account must be an authorised representative.

A copy of the minutes of a board meeting is required depending on the company form of the customer:

Limited liability company

  •  not required if the agreement is signed by persons registered in the trade register as authorised representatives

Housing company and mutual real estate company

  • minutes of a board meeting required 

General partnership and limited partnership

  • not required; signature of one general partner is enough (unless otherwise stated in the company rules) 

Association, cooperative and foundation

  • minutes of a board meeting required

If you are in the process of forming a limited liability company, the extract from the trade register is replaced by a “formation package”, available at the website of the Finnish Business Information system http://www.ytj.fi/Opens new window. The Memorandum of Association may not be older than three months.

A decision of the Board of Directors stating the account users is also required; eg as follows:

”It was decided to authorise the below persons to use the account no 123422-12345: [names and personal identity numbers].

The person opening an account must also present an identity card. 

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Corporate Current Account

Corporate Current Account is a payment account suitable for large and medium-sized enterprises.

The account can be complemented with all the necessary services for managing everyday payment services.

Account statement and transaction reports

An official certificate of the transactions and balances in your account.

In addition your company can choose various electronic reports that support cash management.

Foreign Currency Account

You need a Foreign Currency Account for taking care of payments outside the Eurozone.

It is a simple way to pay invoices in foreign currencies. You can also use your account for currency position management.

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Corporate Disposal Account

An account for small and medium-sized enterprises.

A flexible payment account to which you can link all payment services.

Corporate Current Account

Corporate Current Account is a payment account suitable for large and medium-sized enterprises.

The account can be complemented with all the necessary services for managing everyday payment services.

Foreign Currency Account

You need a Foreign Currency Account for taking care of payments outside the Eurozone.

It is a simple way to pay invoices in foreign currencies. You can also use your account for currency position management.

Cash management

Liquidity management aims to guarantee your company's ability to meet its payment obligations.

An important element is efficient cash management.

Account statement and transaction reports

An official certificate of the transactions and balances in your account.

In addition your company can choose various electronic reports that support cash management.

Balance statement

Retrieving a balance statement is easy to do in Netbank or file transfer.

The balance statement shows the balances and transferred interests of accounts and credit accounts on the last day of the month.

Advice on accounts and monitoring of transactions

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IBAN and BIC

International Bank Account Number and Bank Identifier Code.

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Opening an account

Opening a bank account for your business is easy when you have the required documents with you in Finnish, Swedish or English.