Registered associations (Ry) and locally operating foundations

We provide small-scale registered associations with comprehensive banking services to meet their payment, investment and financing needs. Nordea Business Centre offers flexible support in various corporate banking matters.

New customers

Opening an account and services

To open an account and banking services for a registered association, you need to log in to the Nordea Omaposti service with your personal online banking codes and send us the requested documents. The initial fee charged from registered associations is EUR 300.

Please see our FAQ section for more information about becoming our customer.

Existing customers

Changes to user rights and services

The precondition for making changes to users’ authorisation and the association’s banking services is that the bank has up-to-date information on the Executive Committee of the association and any changes taking place in the association.

In any change situations, please follow the instructions below.

Applying for financing

An association must decide on applying for financing in its general meeting, and the signed minutes of this meeting must be sent to us. In the minutes of the general meeting, either the board of the association or a given person, for instance, can be authorised to negotiate for the financing and to accept the financing offer with us. The minutes of the general meeting of the association must contain the loan amount or the loan cap as well as possible security and/or guarantor(s). Send the signed minutes of the meeting to us via our Omaposti service.

Fill in a financing application here.

1. Gather all relevant documents

Step 1. Gather all relevant documents

  • Specified and signed minutes of the Executive Commitee confirming the need for change
    A template for the minutes is available here (docx, 30 KB)Opens new window
    Please ensure that the minutes state specifically which services will be opened or changed and for whom
  • Signed minutes or extract from the minutes reporting the election of the Executive Committee
  • An up-to-date extract from the Register of Associations
  • The rules of the association
  • Names and personal data of the members of the Executive Committee (name, nationality, country of residence, social security number, and a note whether the person is a politically exposed person (PEP) or not). Download template here (docx, 29 KB)Opens new window
  • Contact information on the new authorised user 

You must deliver all the documents to the bank, after which it will make the requested changes. We recommend that you have the documents at hand.

2. Please submit the documents to Nordea via Omaposti
3. We will send you the login codes for updating customer information
4. Once you have received the user ID and the login code, update the customer information
5. Please call Nordea Business Centre to enforce the changes

Step 1. Gather all relevant documents

  • Specified and signed minutes of the Executive Commitee confirming the need for change
    A template for the minutes is available here (docx, 30 KB)Opens new window
    Please ensure that the minutes state specifically which services will be opened or changed and for whom
  • Signed minutes or extract from the minutes reporting the election of the Executive Committee
  • An up-to-date extract from the Register of Associations
  • The rules of the association
  • Names and personal data of the members of the Executive Committee (name, nationality, country of residence, social security number, and a note whether the person is a politically exposed person (PEP) or not). Download template here (docx, 29 KB)Opens new window
  • Contact information on the new authorised user 

You must deliver all the documents to the bank, after which it will make the requested changes. We recommend that you have the documents at hand.

Step 3. We will send you the login codes for updating customer information

  • We will send the user ID to Omaposti and the login code in an SMS
  • The codes will be sent within five banking days (please notice that we may occasionally have delays in the service)

Step 4. Once you have received the user ID and the login code, update the customer information

  • You can update the customer information hereOpens new window
  • Append an up-to-date extract from the Register of Associations 
    *If the current members of the Executive Committee differ from the extract from the Register of Associations, please attach signed minutes or an extract from the minutes reporting the election of the Executive Committee.
  • Also fill in the information on all of the members of the Executive Committee when you update the customer information.

Step 5. Please call Nordea Business Centre to enforce the changes

  • You need your personal online banking codes to verify your identity
  • Nordea Business Centre, tel 0200 26262 (service in English, Mon–Fri 8.00–16.30)

Frequently asked questions about the banking of registered associations