OP vs Nordea: business account prices 2026
Updated
OP: lower monthly price than Nordea (€12.90 (starting price) vs. €15.70 (incl. VAT)).
Summary
- OP: lower monthly price than Nordea (€12.90 (starting price) vs. €15.70 (incl. VAT)).
- Note: the OP price (starting price).
- Note: the Nordea price (incl. VAT).
Comparison table
| Fact | OP | Nordea |
|---|---|---|
| Type | Bank | Bank |
| Company forms | Sole trader, Limited company, Association, Housing company | Sole trader, Limited company, Association, Housing company |
| Deposit guarantee | Finnish deposit guarantee (Financial Stability Authority), €100,000 per depositor per bank. A sole trader has no deposit guarantee separate from the owner.; the whole banking group counts as one bank for the deposit guarantee | Finnish deposit guarantee (Financial Stability Authority), €100,000 per depositor per bank. A sole trader has no deposit guarantee separate from the owner. |
| Opening online | Yes | Yes |
| Time to open | about a week | a few banking days |
| A credit check can block opening | not available | not available |
| Opening fee | €0.00 (no opening fee for an application made online; an opening fee may be added to one made at a branch) | €0.00 (business opening fee; association opening fee €300); by company form: sole trader €0.00, limited company €0.00, association €300.00 |
| Cheapest plan | Yrityksen palvelupaketti (business service package) | Nordea Digital package |
| Monthly pricedifference | €12.90 (starting price) (better value) | €15.70 (incl. VAT) |
| Included in the plan | Business account and e-invoice address, monthly account statement, OP Business Debit card, monthly fee for receiving e-invoices and OP's digital business services | Company payment account, Nordea Business online and mobile bank, e-invoice usage fee in online banking, monthly machine-readable account statement and one Business Visa Debit card |
| Price terms | OP states the price as from €12.90/month (October 2026). Components: business account €2.50, statement €0.90, OP Business Debit €3.50, receiving e-invoices €0.00 and digital business services €6.00/month. Per-transaction charges (invoice payments, e-invoices, Web Services) are charged separately according to the price list. No opening fee for an application made online; an opening fee may be added to one made at a branch. The page does not say whether the price includes value added tax. The service package is offered by the local cooperative bank. | Nordea states the price as €15.70/month incl. VAT (October 2026); VAT is added to separately listed services. Individual transactions are not included. Business opening fee €0, association €300. Without a package, the account management fee alone is €15.90/month. A preferred customer or Premium customer gets the package free for the first 6 months when concentrating their banking with Nordea (a discount, not included in the price). |
| Transfers included in the plan | not available | 0 / month |
| Transfer price after the allowance | not available | €0.23 |
| E-invoice sent | not available | €0.55 |
| Monthly fee of the e-invoice service | not available | not available |
| E-invoice received | not available | €0.55 |
| Extra card cost / month (on top of the headline price) | €0.00 | €0.00 |
| Extra user / month | not available | €2.00 |
| Cash deposit | Automatic deposit with the OP Business Debit card up to €5,000 per time, fee according to the price list (amount not published) | Nordea Talletuskortti (deposit card) €25/year; settlement of daily takings €2.50 per settlement + 0.75% of the value |
| Currency conversion markup on card payments | not available | 2.50% |
| More about fees | OP's service price list for business customers can only be read when logged in at op.fi (or at a cooperative bank), so transaction prices could not be verified. OP Business Debit is included in the package (€3.50/month share). | SEPA credit transfer and SEPA instant transfer in online banking €0.23 each, as a batch transfer with a reference €0.10. Incoming reference payment €0.15, without a reference €0.58. E-invoice outgoing and incoming €0.55 each + VAT. Additional user for Nordea Business online banking €2.00/month. Business Visa Debit additional card €40/year; cash withdrawals in the EU/EEA 1-4 per month free, then €1.00 each. Foreign payment €7.00. |
| E-invoices (sending and receiving) | Yes | Yes |
| Accounting integrations | Web Services bank connection and account statement to the bank connection software (priced according to the price list) | Material transfer as a batch transfer (€2/month) and integrated bank connection as an additional service |
| Own card terminal | not available | not available |
| Invoicing tool | Yes | Yes |
| Finnish IBAN | Yes | Yes |
| Customer service in Finnish | Yes | Yes |
| More about features | The package includes an e-invoice address. OP says that payments, invoicing and financial monitoring are handled in op.fi and the OP mobile app. Service in Finnish, Swedish or English. | Purchase and sales invoicing in Nordea Business is included in the package; e-invoice activation €25 + VAT if there is no package. Customer service Nordea Business Centre by phone and chat. |
| Business credit card | Yes | Yes |
| Business card annual fee | not available | €50.00 |
| More about the business card | The OP Business Gold, OP Corporate Gold and OP Visa Business Card pages exist, but annual fees are not published for visitors who are not logged in. | First Card business card €50/year per card, currency conversion markup 2.5%. Nordea Business MasterCard is no longer on sale to new customers. |
Highlighted rows: the figures differ. Information checked: OP 15 October 2026, Nordea 15 October 2026. Check the VAT basis with the provider.
Weaknesses according to the data
OP
- The business price list is visible only to logged-in users, so transaction prices cannot be compared in advance
- According to OP, processing the application takes about a week
- Associations and housing companies cannot open an account online
Nordea
- €15.70/month does not cover transaction fees, for example SEPA payment €0.23 and e-invoice €0.55 + VAT
- Opening fee for an association's customer relationship €300
- Currency conversion markup on card purchases 2.5%
Frequently asked questions
Which has the lower monthly fee, OP or Nordea?
OP is cheaper. Cheapest plan: OP €12.90/month (starting price); Nordea €15.70/month (incl. VAT).
Which has the lower currency conversion markup on card payments, OP or Nordea?
Comparable information is not available for both: OP not available; Nordea 2.50%.
Which has a deposit guarantee, OP or Nordea?
OP: Finnish deposit guarantee (Financial Stability Authority), €100,000 per depositor per bank. A sole trader has no deposit guarantee separate from the owner.; the whole banking group counts as one bank for the deposit guarantee. Nordea: Finnish deposit guarantee (Financial Stability Authority), €100,000 per depositor per bank. A sole trader has no deposit guarantee separate from the owner.