Limited company bank account: requirements and comparison
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Contents
The cheapest business account for a limited company is the one whose monthly price and per-transaction costs suit the company's invoicing and payment volumes. The table shows the accounts suitable for a limited company by price.
According to Danske Bank a business account is mandatory for all limited companies, but this is the bank's own claim. Banks identify their customers and establish the beneficial owners under the anti-money laundering act (Act 444/2017, Finnish). Beneficial owners are persons whose ownership or voting power is over 25%, and all limited companies and cooperatives must report them to the Trade Register. Missing information can make banking harder (PRH notice of 14 July 2026, Finnish). Check the details in the PRH guidance (Finnish). Banks usually ask for, among other things, the business ID (Y-tunnus), details of representatives, an ownership statement and financial statement information: for example Nordea and Danske Bank list their requirements on their sites.
| Provider | Plan | Price / month | Opening fee | Company forms |
|---|---|---|---|---|
| Holvi | Holvi Flex | €0.00 (virtual card only; physical card €3.00/month, + VAT) | €0.00 | Sole trader, Limited company, Association |
| Wise Business | Wise Business (no monthly fee) | €0.00 (local IBAN requires a one-off fee of €60.00) | €60.00 | Sole trader, Limited company |
| Alisa Pankki | Yrityksen käyttötili (business current account) | €7.90 (no payment card) | €29.90 | Sole trader, Limited company, Association, Housing company |
| Revolut Business | Basic | €10.00 (virtual card only; physical card price not available) | not available | Limited company |
| OP | Yrityksen palvelupaketti (business service package) | €12.90 (starting price) | €0.00 | Sole trader, Limited company, Association, Housing company |
| Nordea | Nordea Digital package | €15.70 (incl. VAT) | €0.00 | Sole trader, Limited company, Association, Housing company |
| POP Bank | Business account + business online service + POP Visa Business Debit (Suomen Osuuspankki, calculated) | €18.00 | €150.00 | Sole trader, Limited company, Association |
| Säästöpankki | Business account + online service + Visa Business Debit (Säästöpankki Optia, calculated) | €21.80 | €200.00 | Sole trader, Limited company, Association, Housing company |
| Aktia | Business account + business online bank + Aktia Business Debit (calculated) | €22.20 (VAT-exempt) | €260.00 | Sole trader, Limited company, Association, Housing company |
| Danske Bank | Danske Business | €26.00 | €0.00 | Sole trader, Limited company, Association, Housing company |
| Oma Säästöpankki | Business account + business online bank + Visa Business Debit (calculated) | €29.90 | €300.00 | Sole trader, Limited company |
| Ålandsbanken | Business account + BusinessNet + Business Debit (calculated) | €36.00 | €200.00 | Limited company, Association |
| UKKO.fi | UKKO Yritystili (limited company) | €15.00 + €139.90 (UKKO Yrittäjä service, limited company) (starting price, + VAT, requires an add-on service) | €0.00 | Sole trader, Limited company |
Company form not available: SumUp. These are not listed in the company-form table.
Holvi: price notes: virtual card only; physical card €3.00/month, + VAT.
Wise Business: price notes: local IBAN requires a one-off fee of €60.00.
Alisa Pankki: price notes: no payment card.
Revolut Business: price notes: virtual card only; physical card price not available.
OP: price notes: starting price.
Nordea: price notes: incl. VAT.
Aktia: price notes: VAT-exempt.
UKKO.fi: price notes: starting price, + VAT, requires an add-on service.
Prices are not fully comparable with regard to VAT: the labels "incl. VAT", "+ VAT" and "VAT-exempt" are shown only when the provider or its price list states it.
What should I compare on a limited company's account?
- The monthly price and the transfer allowance.
- E-invoices and accounting integrations.
- Business cards and additional users.
- Deposit guarantee and the type of provider.
| Provider | Opening online | Duration | Credit check | More information |
|---|---|---|---|---|
| OP | Yes | about a week | not available | An online application (about 20 min) works for an adult with signing authority when the company is an active sole trader or limited company, liable to tax only in Finland and with a business ID (Y-tunnus); identification with the credentials of any Finnish bank. OP says it automatically checks the credit information of all company representatives from Suomen Asiakastieto's register, but does not say outright whether a payment default entry prevents opening. Housing companies, real estate companies, registered associations, road cooperatives, joint-ownership associations and pharmacies cannot open an account online, but by appointment at a branch. The account of a registered association is opened by a signatory who is an OP customer. |
| Nordea | Yes | a few banking days | not available | Online application (up to 10 minutes according to Nordea) for a limited company, sole trader, limited partnership or general partnership; requires a business ID (Y-tunnus), Finnish online banking credentials, signing authority, information on beneficial owners, a shareholder list or ownership chart, and up-to-date beneficial owner information in the PRH register. Nordea contacts you before opening the services. A registered association submits documents through Nordea's Omapostti, opening fee for an association €300. Housing companies have their own housing company unit. |
| Danske Bank | Yes | Contact within 2 working days | not available | Online application (up to 15 minutes according to Danske Bank); the bank contacts you within two banking days. Required: business ID (Y-tunnus), an estimate of turnover and the number of payments, a description of the business, names, personal identity numbers and ownership shares of the beneficial owners, details of the signatories, a description of the ownership structure and the latest financial statement data; finally a Tuntemistiedot (know-your-customer) document to be signed electronically. The application cannot be saved halfway. |
| Säästöpankki | No | not available | not available | A new business customer submits a contact request online, selecting the company form (Oy/Ky/Ay, sole trader, housing company, association/foundation, farm or company being established) and the branch. Säästöpankki says that the credit information of the company and the responsible persons is an important criterion for becoming a customer, but does not say outright whether a payment default entry prevents opening. Opening entirely online is not mentioned. Prices vary by local Säästöpankki. |
| POP Bank | No | not available | not available | A new business customer books an online or branch meeting; a business ID (Y-tunnus) and basic information about the company's operations are needed. A registered association can be a customer (POP Bank's FAQ deals separately with unregistered organisations). No information was found on a housing company's account. Prices vary by local POP Bank. |
| Oma Säästöpankki | No | not available | not available | For the first business account, an online meeting or a branch appointment is booked; bring a passport or ID card. Required: business ID (Y-tunnus) and a description of the business, a business plan, for a starting company the memorandum of association and the minutes of the founding meeting, for an established company the latest income statement and balance sheet, and details of the owners and beneficial owners (over 25%) and PEP information. The price list also applies to sole traders (elinkeinonharjoittaja). No separate instructions were found for the accounts of associations and housing companies. OmaSp has been part of the S-Bank group since 7 October 2026. |
| Aktia | not available | not available | not available | A new business customer fills in an electronic KYC form with attachments (a copy of the ID of the representatives and account users, and documents on the company form); the form is sent by a person with signing authority using personal online banking credentials. Aktia contacts you after processing the information, so opening does not necessarily take place entirely online. Aktia charges an opening fee. The page mentions businesses, associations and housing companies. |
| Ålandsbanken | not available | not available | not available | Online opening is not mentioned; BusinessNet is taken into use by contacting customer service or a customer adviser. The price list mentions business customers and unregistered associations and organisations. No separate information was found on the accounts of a sole trader or a housing company. |
| Holvi | Yes | a few minutes; use begins once identity and the company have been verified | not available | Opening online. Holvi asks for a trade register extract; a sole trader not entered in the trade register can submit a screenshot of a YTJ extract. Credit card offers are based on credit information. |
| Revolut Business | Yes | not available | not available | According to Revolut, the company must be fully established and active, and it cannot operate as a charity, in the public sector or as a cooperative, or be registered as a sole trader (toiminimi). The accepted company forms are shown during registration. So Revolut Business is not suitable for a sole trader or an association. |
| Wise Business | Yes | not available | not available | According to Wise, the service suits sole traders and freelancers, limited and public limited companies, and partnerships. Associations or charities are not mentioned in the list; EEA trusts are temporarily restricted. Registration is free, local account details require a one-off fee. |
| SumUp | Yes | under 10 minutes | not available | Opening online by uploading a picture of an ID document; the IBAN is available immediately after confirmation. SumUp does not say on its Finnish pages which company forms are accepted, so companyForms has been left empty. |
| UKKO.fi | Yes | even on the same day | not available | UKKO Yritystili (business account) is available only to customers of the UKKO Yrittäjä service (financial administration for sole traders and limited companies): log in to the service, register for a Swan account and identify yourself. The UKKO Kevytyrittäjä invoicing service is not a business account as such. |
| Alisa Pankki | Yes | customer relationship confirmation usually in a few days | not available | The customer relationship is opened on the website; after confirmation, the account is opened in online banking yourself. According to Alisa Pankki, a sole trader always gets a separate account, and a personal account may not be used for business activity. Associations and housing companies can also open an account. |
How are cards and additional users priced?
| Provider | Extra card cost / month | Business credit card | Annual fee | More information |
|---|---|---|---|---|
| Holvi | €3.00 | Yes | €0.00 | Holvi Business Credit €0/month, credit limit up to €50,000; payment at the end of the month 0% or a 12-month payment plan 18% effective annual interest rate (APR). Granted on the basis of credit information. |
| Danske Bank | €0.00 | Yes | €45.00 | Mastercard Corporate Classic €45/year, Gold €85/year, Platinum €370/year (card price list 1 December 2025). The Business Plus package includes two Corporate Classic cards. |
| Nordea | €0.00 | Yes | €50.00 | First Card business card €50/year per card, currency conversion markup 2.5%. Nordea Business MasterCard is no longer on sale to new customers. |
| Säästöpankki | €0.00 | Yes | €50.00 | Visa Business Credit €50/year (Optia). Business Eurocard is issued by SEB Kort Bank Ab under its own price list. |
| Alisa Pankki | not available | Yes | €89.00 | Visa business card (credit): cardholder fee €89/year, interest margin from 1.45%/month + 3-month Euribor, cash withdrawal 2% + €3. |
| Oma Säästöpankki | €0.00 | Yes | €120.00 | Visa Business Credit €10/month and K-Business Visa €10/month (€120 per year), credit interest rate 3-month Euribor + 12%. |
| Aktia | €0.00 | not available | not available | The business price list has only Aktia Business Debit; a business credit card was not confirmed. |
| OP | €0.00 | Yes | not available | 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. |
| POP Bank | €0.00 | not available | not available | Suomen Osuuspankki's business price list has only debit cards; a business credit card was not confirmed. |
| Revolut Business | not available | not available | not available | A credit card was not confirmed from the Finnish pricing page. |
| SumUp | €0.00 | not available | not available | Not confirmed. |
| UKKO.fi | €0.00 | not available | not available | Not confirmed. |
| Wise Business | €0.00 | not available | not available | Not confirmed. |
| Ålandsbanken | €0.00 | not available | not available | The price of a business credit card was not found in the online price list. |
Related guides
Frequently asked questions
Does a limited company need a bank account?
Setting up a limited company involves the need for a bank account. It is worth checking the exact requirements from an official source.
How quickly is a limited company's account opened?
The time it takes to open varies by provider. The times and terms are shown in the table.
Can a credit history prevent opening an account?
With some providers a credit check can affect opening. See the opening table.