In October 2026 the lowest published premium tier threshold is €50,000 (Aktia Premium Banking) and the lowest private banking tier threshold is €200,000 (Oma Säästöpankki OmaVarainhoito). Most providers do not publish a price.
Quick picks
Lowest premium tier threshold€50,000Aktia Premium Bankingloan route also possible (conditions apply)
Lowest private banking threshold€200,000OmaVarainhoitopart of the S-Bank group, may change
The quick picks show only the lowest published wealth threshold, not the quality or price of the service. In a tie, all are listed.
All tiers compared
Choose a tier or your own wealth to see the tiers whose published threshold you meet. The wealth options are fixed, and the thresholds come from the providers' own pages.
Private banking tierspublished wealth threshold, monthly fee, minimum for discretionary management and content. What counts towards the threshold, pricing and the full content are behind the Terms button.
Eligible customers are those who meet the conditions of Etuasiakas (preferred customer) status "and who also have at least €50,000 of savings and investments at Aktia and/or at least €150,000 of loans". The threshold applies to assets held at Aktia; household calculation is not mentioned.
Income or loan condition
No income threshold is published. The alternative condition is at least €150,000 of loans. The conditions of Etuasiakas (preferred customer) status must also be met.
Pricing
"The price of the service is €6/month", and it includes a current account, online bank, Aktia Mobile Bank and Aktia ID. The monthly fee is not charged if there are at least €200,000 of Aktia fund investments. Aktia Platinum Credit/Debit €5/month (normally €15/month).
Loan route
The client relationship can also be obtained with a loan, not only with assets.
Discretionary management
No tier-specific information, see the provider's page. Provider page
Includes
Your own Premium banker
Premium customer service
Wealth management solutions at private banking level
Aktia Debit additional card without a monthly fee
Metal Aktia Platinum Credit/Debit €5/month (Priority Pass, four free lounge visits per year)
Option to apply for an unsecured credit facility of up to €50,000
Market reviews and customer events
Notes
Aktia describes Premium Banking as a step towards private banking level wealth management.
Danske Bankloan route also possible (conditions apply)
Danske PremiumPremium tier
over €100,000
€12.5/month
-see the provider's page
Personal Panorama Plus wealth plan+5 more
What counts towards the threshold
"Premium is intended for you when the value of your or your household's account and investment assets is over €100,000". The threshold is calculated per household, and both accounts and investments count.
Income or loan condition
No income threshold is published. Alternative condition: "the combined value of both loans and investments is over €400,000".
Pricing
According to the Danske Premium page, the price is only €12.50/month (spouse and adult children €6.25/month; source: Danske Premium, danskebank.fi/sinulle/tule-asiakkaaksi/danske-premium, see also plans.json danske-premium). Platinum Plus everyday banking package €0/month for a Premium customer (requires the Danske benefit programme; normally e.g. at benefit level 4: €4.50/month). Mastercard Platinum credit card without a monthly or annual fee. Online trading and equity savings account €0/month.
Loan route
The client relationship can also be obtained with a loan, not only with assets.
Discretionary management
No tier-specific information, see the provider's page. Provider page
Includes
Personal Panorama Plus wealth plan
Named wealth specialist
Family law services
Platinum Plus package free of charge
Mastercard Platinum without a monthly or annual fee
Invitations to events and webinars, monthly newsletter
Your own Premium contact person (a wealth manager or a financing specialist)+6 more
What counts towards the threshold
According to the page, you are a Premium customer "when you or your family have savings and investments of at least €100,000". The threshold is therefore calculated for the family as a whole, and a spouse or minor children can be added to the same family unit.
Income or loan condition
No income threshold is published. Alternative condition: "a mortgage or other secured loan of at least €400,000 and investments in Nordea funds or a unit-linked insurance". The package price of the service package requires you to direct your regular income to a Nordea account.
Pricing
No separate monthly fee is mentioned for the Premium customer tier. Example packages for a Premium customer: Platinum package €5.99/month (€26.57/month without the package) and Gold package €0.99/month (€12.57/month without the package). Custody fee for a book-entry securities account and an equity savings account €0/month when you make at least one trade per quarter (normally €2.45/month). Margin on flexible credit 2.9% (normally 8.9%).
Loan route
The client relationship can also be obtained with a loan, not only with assets.
Discretionary management
No tier-specific information, see the provider's page. Provider page
Includes
Your own Premium contact person (a wealth manager or a financing specialist)
Dedicated customer service for Premium customers
Legal services for wealth management at a low price (e.g. estates, estate inventories)
Varallisuus 360 plan
Funds available only to Premium customers (Premium funds)
Nordea Platinum card at the package price (Priority Pass visits and Fast Track as card benefits)
50% discount on the mortgage arrangement fee and the purchase fee
Notes
The lower tier of Nordea's benefit programme is Etuasiakas (preferred customer): "You become an Etuasiakas when you have a mortgage with Nordea or savings and investments of over €30,000." (benefit programme page). The customer tier is updated in regular reviews.
POP Bankindicative thresholdinsurance wrapper: compensation fund does not apply
POP wealth management insuranceWealth management
over €100,000
not published
-see the provider's page
Wealth management in an insurance wrapper+1 more
What counts towards the threshold
"It suits an investment of over €100,000." The wording describes suitability, not a firm lower limit. The minimum for additional payments is €10,000.
Income or loan condition
No income threshold is published.
Pricing
Not published on the page.
Discretionary management
Wealth management is carried out in an insurance wrapper; no minimum amount is published for discretionary management. Provider page
Includes
Wealth management in an insurance wrapper
Capital withdrawals and additional payments (at least €10,000)
Notes
POP Bank's savings and investing pages for personal customers have no Private Banking or Premium customer tier.
Säästöpankkifund-based management: compensation fund does not apply
Fund-based wealth management from the Säästöpankki banksWealth management
over €100,000
not published
-see the provider's page
Active portfolio management with four wealth management funds (Interest-weighted, Balanced, Equity-weighted, Yield-seeking)+2 more
What counts towards the threshold
"Säästöpankki offers fund-based wealth management for investments of over €100,000". The threshold is the amount invested.
Income or loan condition
No income threshold is published.
Pricing
Not published. Pricing may vary by local savings bank.
Discretionary management
Fund-based wealth management is carried out with wealth management funds, not with an individual discretionary portfolio. Provider page
Includes
Active portfolio management with four wealth management funds (Interest-weighted, Balanced, Equity-weighted, Yield-seeking)
Agreement with a contact person at the local savings bank
Monthly and annual reports and a tax report in the online bank
Notes
Fund-based wealth management (Rahastovarainhoito) is based on wealth management funds, not on an individual direct securities portfolio.
Säästöpankkiindicative thresholdinsurance wrapper: compensation fund does not apply
Wealth management insurance from SäästöpankkiWealth management
over €100,000
not published
-see the provider's page
Active wealth management in an insurance wrapper+1 more
What counts towards the threshold
"It suits an investment of over €100,000." The wording describes suitability, not a firm lower limit. The minimum for additional payments is €10,000.
Income or loan condition
No income threshold is published.
Pricing
Not published on the page.
Discretionary management
Wealth management is carried out in an insurance wrapper; no minimum amount is published for discretionary management. Provider page
Includes
Active wealth management in an insurance wrapper
Capital withdrawals and additional payments (at least €10,000)
Ålandsbankenloan route also possible (conditions apply)
Ålandsbanken Premium BankingPremium tier
at least €100,000
€17/month
-see the provider's page
Client manager and a team of experts+5 more
What counts towards the threshold
Price list: "Premium Banking suits you if you have either loans or investments worth at least €100,000." The Premium Banking page gives no threshold.
Income or loan condition
No income threshold is published. The threshold can be met with either loans or investments.
Pricing
Price list: Premium Banking monthly fee €17.00/month, €8.50/month for a spouse or cohabiting partner. The Ålandsbanken Premium Gold card is included. According to the Premium Banking page, the Internet office and Mobile bank are free of charge.
Loan route
The client relationship can also be obtained with a loan, not only with assets.
Discretionary management
No tier-specific information, see the provider's page. Provider page
Includes
Client manager and a team of experts
Tailored investment advice and a personal wealth-building plan
"Private Banking is available to you if your investment assets at Nordnet are at least €200,000." Gold tier: €200,000-1,000,000. The tier is determined by combined assets (a personal account and/or a company account where the customer is the beneficial owner): the total value of assets at Nordnet Bank and/or Nordnet Livsforsikring minus debts.
Income or loan condition
No income threshold is published.
Pricing
"The service has no fixed maintenance fees". Brokerage fee Nordic countries 0.08% (min. €5), other markets min. €8. Investment insurance management fee 0.35% up to €100,000, and 0.15% above that. Interest on trading credit 4.44%.
Discretionary management
Not available. Nordnet Private Banking is a benefit programme for the independent investor ("you always keep full decision-making power"), not discretionary management. Provider page
"OmaVarainhoito is a private banking service that we offer to personal, corporate and organisation customers with investment assets of at least €200,000."
Income or loan condition
No income threshold is published.
Pricing
Not published.
Discretionary management
The page does not say whether OmaVarainhoito is a discretionary management service, and there is no separate minimum amount for it (not published). Provider page
Includes
Your own personal wealth manager
Individual wealth management solutions from a selection of fund and insurance investing
Notes
On 7 October 2026 OmaSp became part of the S-Bank group, so the service may change.
Front page: "Private Banking serves assets of over €300,000." Service page: "Private Banking, i.e. private wealth management, is aimed at individuals, families and entrepreneurs whose investment assets are typically at least €300,000." The word "typically" shows that the threshold is indicative.
Income or loan condition
No income threshold is published.
Pricing
"The costs of Private Banking depend on the amount invested and on the investment instruments used to carry out the investment strategy." Percentages are not published.
Discretionary management
No separate threshold is published for discretionary management, but the service is typically aimed at assets of at least €300,000. Provider page
Includes
Personal wealth manager
Discretionary management or investment advice (also combined by asset class)
All asset classes, including private equity, real estate and infrastructure
"The Private Banking service is intended for you if you have over €300,000 of investable assets." The page does not say whether deposits count or whether the threshold is calculated per household.
Income or loan condition
No income threshold is published.
Pricing
Not published. The service is provided by a cooperative bank (osuuspankki) or OP Varainhoito Oy; wealth management fees are not on the OP Private page.
Discretionary management
Discretionary or advisory wealth management is offered in OP Private, but no separate minimum amount is published. Provider page
Includes
Personal wealth manager
Discretionary or advisory wealth management (or a combination of the two)
Investment selection for OP Private customers: alternative investments and funds from international partners
Legal help with family law and inheritance law questions
Support with questions related to taxation and property investing
OP Platinum card
Insurance specialists
Customer events
Notes
OP's wealth management pages for personal customers have no separate Gold or Platinum type of customer tier; Platinum appears in the list of OP Private benefits as a card.
"Our private bank's versatile Private Banking services are intended for customers with over €300,000 under wealth management." The threshold applies to assets under wealth management at S-Bank, not to deposits alone.
Income or loan condition
No income threshold is published.
Pricing
Not published. S-Bank Private Visa (credit limit €20,000) has no monthly or annual fee for a Private Banking customer.
Discretionary management
Discretionary management is part of the Private Banking services, but no separate minimum amount is published for it. Provider page
Includes
Private banker
Discretionary management and individual investment solutions
Alternative investments (real estate and private equity funds, structured products)
S-Bank Private Visa without a monthly or annual fee (at least €300,000 under wealth management at S-Bank and S-Group owner-customer status)
Notes
Private Visa also requires S-Group owner-customer status (asiakasomistajuus).
Your own private banker and a team of experts+5 more
What counts towards the threshold
"The Aktia Private Banking service is intended for customers whose investment assets, comparable to cash, are at least €500,000 at Aktia." The threshold applies to assets held at Aktia.
Income or loan condition
No income threshold is published.
Pricing
Not published.
Discretionary management
No tier-specific information, see the provider's page. Provider page
Includes
Your own private banker and a team of experts
Discretionary management, also in insurance form
Wealth planning and legal services
Insurance solutions as part of wealth planning
Aktia Infinite Private Banking payment card
Corporate banking services
Aktiainsurance wrapper: compensation fund does not apply
Discretionary management in an insurance wrapper (Sijoitusvakuutus and Kapitalisaatiosopimus)
What counts towards the threshold
Aktia Avara is intended for "over €500,000 of investment assets", and "your assets are always managed under the discretionary model".
Income or loan condition
No income threshold is published.
Pricing
Not published.
Discretionary management
Aktia Avara Sijoitusvakuutus and Kapitalisaatiosopimus are discretionary management in an insurance wrapper for over €500,000 of investment assets. Provider page
Includes
Discretionary management in an insurance wrapper (Sijoitusvakuutus and Kapitalisaatiosopimus)
Notes
Sijoitusvakuutus (unit-linked insurance) and Kapitalisaatiosopimus (capitalisation agreement) are discretionary management in an insurance wrapper. The minimum amount for a direct (non-insurance) discretionary portfolio is not published.
"At Danske Bank we offer comprehensive wealth management for individuals, families and entrepreneurs with over €500,000 of investable assets." The page does not specify what counts towards the assets.
Income or loan condition
No income threshold is published.
Pricing
Not published. The costs of the Danske Varainhoito Yksilöllinen service are given in the service's own cost brochure, not on the Private Banking pages.
Discretionary management
Discretionary Danske Varainhoito Yksilöllinen is available to Private Banking customers, but the minimum amount is not published. Provider page
Includes
Personal private banker
Investment director and discretionary management (Danske Varainhoito Yksilöllinen)
Lawyers: wealth planning, family law and inheritance law
Financing specialist and Portfolio limit (Salkkulimiitti)
World Elite Mastercard (unlimited lounge visits for you and one guest, concierge)
Priority Line customer service 0100 4100
Finnair Plus Silver tier or 4,000 Avios instead of the card payment-method benefit
Mandatuminsurance wrapper: compensation fund does not apply
Mandatum private wealth managementPrivate banking
over €500,000
not published
-see the provider's page
Personal wealth manager+2 more
What counts towards the threshold
"You get personal wealth management for investment assets of over €500,000."
Income or loan condition
No income threshold is published.
Pricing
Not published.
Discretionary management
Mandate management is presented on the same page, but the page ties the €500,000 threshold to personal wealth management in general and not separately to the mandate (not published separately). The agreement is a unit-linked insurance. Provider page
Includes
Personal wealth manager
Mandate management (mandaattivarainhoito), i.e. full-service management across all asset classes
Life insurance and succession planning as part of the package
Notes
The wealth management agreement is a unit-linked insurance offered by Mandatum Henkivakuutusosakeyhtiö (with Mandatum Asset Management Oy and Mandatum Palvelut Oy as agents).
Your own investment director, i.e. a private banker+5 more
What counts towards the threshold
"Private Banking is intended for individuals and households with over €500,000 of investable assets." The threshold applies to private individuals, families, entrepreneurs and foundations. The pages give two wordings of how it is calculated: according to the FAQ, the requirement includes "assets held in the bank, for example accounts, funds, equity investments or unit-linked insurance", and according to the contact form, "All assets held in banks count towards investable assets".
Income or loan condition
No income threshold is published.
Pricing
"The price of a Private Banking customer relationship is individual and depends, for example, on the amount of your assets and on the services." Percentage fees for wealth management are not published.
Discretionary management
Discretionary management through discretionary portfolios is offered to Private Banking customers, but no separate minimum amount is published. Provider page
Includes
Your own investment director, i.e. a private banker
Discretionary management (discretionary portfolios, also as investment baskets inside an insurance wrapper)
Inheritance planning and family law planning, extensive legal services
Credit cards, loans and everyday banking services
Dedicated customer service
Private Banking events and analyses
Notes
The two pages describe the calculation differently (assets in the bank vs. all assets held in banks), so it is worth checking with Nordea whether assets in other banks are counted.
Platinum tier: €1-3 million. The tier is determined by combined assets (a personal account and/or a company account where the customer is the beneficial owner): the total value of assets at Nordnet Bank and/or Nordnet Livsforsikring minus debts. The benefits also apply to the household (those registered at the same address).
Income or loan condition
No income threshold is published.
Pricing
No fixed maintenance fees. Brokerage fee Nordic countries 0.07%. Interest on trading credit 4.26%.
Discretionary management
Not available. Nordnet Private Banking is a benefit programme for the independent investor ("you always keep full decision-making power"), not discretionary management. Provider page
Black tier: €3-10 million. The tier is determined by combined assets (a personal account and/or a company account where the customer is the beneficial owner): the total value of assets at Nordnet Bank and/or Nordnet Livsforsikring minus debts. The benefits also apply to the family (spouse and/or children, including those who have moved out).
Income or loan condition
No income threshold is published.
Pricing
No fixed maintenance fees. Brokerage fee Nordic countries 0.06%. Interest on trading credit 4.06%.
Discretionary management
Not available. Nordnet Private Banking is a benefit programme for the independent investor ("you always keep full decision-making power"), not discretionary management. Provider page
Comprehensive asset management service for the whole family
What counts towards the threshold
Front page: "when your investment assets are over three million euros". Service page: "The service is for customers with over three million euros under wealth management." The threshold applies to the whole family.
Income or loan condition
No income threshold is published.
Pricing
Not published.
Discretionary management
No tier-specific information, see the provider's page. Provider page
Includes
Comprehensive asset management service for the whole family
Notes
The pages have two wordings (investment assets vs. assets under wealth management).
Signature tier: "For you if you have over €10 million of investable assets." The tier is determined by combined assets (a personal account and/or a company account where the customer is the beneficial owner): the total value of assets at Nordnet Bank and/or Nordnet Livsforsikring minus debts.
Income or loan condition
No income threshold is published.
Pricing
No fixed maintenance fees; the solution is tailored, and prices are not shown in the table.
Discretionary management
Not available. Nordnet Private Banking is a benefit programme for the independent investor ("you always keep full decision-making power"), not discretionary management. Provider page
OP wealth management (family office)Private banking
over €10,000,000
not published
-see the provider's page
Comprehensive wealth management plan for the family, the extended family and the company+1 more
What counts towards the threshold
OP Private page: "when your assets exceed €10 million". Wealth management services page: "The service is available to customers with over €10 million of total assets." The threshold applies to the family, the extended family and the company together.
Income or loan condition
No income threshold is published.
Pricing
Not published.
Discretionary management
No tier-specific information, see the provider's page. Provider page
Includes
Comprehensive wealth management plan for the family, the extended family and the company
Personal team of experts
Notes
At this tier the threshold is total assets, not just investment assets.
Not published. The service "is aimed at family units, which usually involve several family members and where investing is channelled through a holding investment company or companies that they own together".
Income or loan condition
No income threshold is published.
Pricing
Not published.
Discretionary management
Discretionary or advisory wealth management is offered to Professional Family Office customers; the minimum amount is not published. Provider page
Includes
Specialised team of experts
Discretionary or advisory wealth management
Wealth planning and legal services
Introducing the next generation
Financing solutions
Notes
SEB's Finnish pages have no private banking tier for personal customers; the wealth service is Professional Family Office.
Private banking investment service from SäästöpankkiPrivate banking
not published
not published
-see the provider's page
Private banker as adviser in all investment matters+1 more
What counts towards the threshold
Not published. According to the wealth management page, the cornerstone of the private bank investment service is the confidential relationship between the customer and the private banker, but no asset threshold is given.
Income or loan condition
No income threshold is published.
Pricing
Not published.
Discretionary management
No tier-specific information, see the provider's page. Provider page
Includes
Private banker as adviser in all investment matters
Other banking services through the private banker
Notes
Savings banks (säästöpankit) are independent local banks, so services and prices may vary from bank to bank.
Tiers shown: 33. Filtering is based only on the published wealth threshold: the loan route and the provider's calculation method (family, only the bank's own assets, net of debt) can change the result. The order is based only on the selected column.
What does private banking mean?
In Finland there is no definition of private banking in law. It is a marketing name for a package of services that each bank or wealth manager defines for itself. That is why the thresholds, contents and names vary. A typical structure is a lower Premium tier (own contact person, cheaper cards and packages), Private Banking (private banker, wealth management, legal services) and a top Family Office or Wealth Planning tier.
The way the threshold is calculated varies: at some providers it is calculated from the joint assets of the household or family, at some only from the assets held at that bank, at Nordnet as net of debts, and at some the customer relationship can also be obtained with a loan.
Pricing is rarely public. Nordea says that the price of a Private Banking customer relationship is individual, in Ålandsbanken's price list the entry for Private Banking says Contact us for an offer, and according to Evli the costs depend on the amount invested and the investment instruments.
In discretionary management the wealth manager makes the investment decisions on your behalf. The Investors' Compensation Fund protects asset management to a limited extent, but not wealth management carried out in an insurance wrapper. Read wealth management and investor protection and compare the banks' prices and services.
Providers (16)
Nordea: Nordea Premium at least €100,000; Nordea Private Banking over €500,000; Nordea Family Office over €10,000,000
OP: OP Private over €300,000; OP Private Wealth Planning over €1,000,000; OP wealth management (family office) over €10,000,000
Danske Bank: Danske Premium over €100,000; Danske Bank Private Banking over €500,000
S-Bank: S-Bank Private over €300,000; S-Bank Wealth Planning at least €500,000; S-Bank Family Office over €3,000,000
Aktia: Aktia Premium Banking at least €50,000; Aktia Private Banking at least €500,000; Aktia Avara (insurance-wrapped wealth management) over €500,000
Ålandsbanken: Ålandsbanken Premium Banking at least €100,000; Ålandsbanken Private Banking over €500,000
Säästöpankki: Fund-based wealth management from the Säästöpankki banks over €100,000; Wealth management insurance from Säästöpankki over €100,000; Private banking investment service from Säästöpankki not published
POP Bank: POP wealth management insurance over €100,000
Evli: Evli Digital at least €10,000; Evli Private Banking at least €300,000
Mandatum: Mandatum private wealth management over €500,000
United Bankers: UB individual wealth management (full power of attorney) over €200,000
eQ: eQ personal service and investment advice not published
Nordnet: Nordnet Private Banking Gold at least €200,000; Nordnet Private Banking Platinum at least €1,000,000; Nordnet Private Banking Black at least €3,000,000; Nordnet Private Banking Signature over €10,000,000
Alexandria: Alexandria full-mandate asset management over €150,000; Alexandria Private over €300,000
Method
On 16 October 2026 we collected the asset thresholds and prices of the private banking, premium and wealth management tiers of banks and asset managers operating in Finland from the providers' own websites and price lists. We did not use news, comparison sites or figures from memory. The asset threshold is the euro amount that the provider itself publishes. Its exact wording (for example "over €500,000 of investable assets" or "typically at least") is recorded in the notes, because some thresholds are firm and some are indicative. If a threshold, a monthly fee or the minimum for discretionary management (täyden valtakirjan varainhoito) is not published, the value is empty (null) and the reason is given ("not published"). The monthly fee is 0 only if the provider says there is no fixed fee. Percentage fees for wealth management are practically never published and are agreed in an offer. In the Säästöpankki and POP Bank groups, services and prices may vary by local bank. Handelsbanken is not included because it is winding down its operations in Finland, and neither is Taaleri, because it no longer offers wealth management to private individuals. Check the current terms with the provider before deciding.
Data checked 16 October 2026. Always check the current terms with the provider. See also the savings rate comparison.
Frequently asked questions
How much money do you need for private banking?
In October 2026 the lowest published private banking tier threshold is €200,000 (Oma Säästöpankki OmaVarainhoito). Thresholds of the first private banking tier at the providers that publish one: €200,000: Oma Säästöpankki; €300,000: OP, S-Bank, Evli and Alexandria; €500,000: Nordea, Danske Bank, Aktia, Ålandsbanken and Mandatum. Threshold not published: Säästöpankki and SEB. For a premium tier, €50,000 (Aktia Premium Banking) is enough at the lowest. The threshold is the provider's own, and the way it is calculated varies: some count the family's combined assets, some only the assets held in that bank, and some also grant the client relationship against a loan. See the exact wording under the Terms button.
What is the cheapest private banking?
In October 2026 the cheapest private banking cannot be named, because prices are rarely published. A monthly fee is published for only 7 of 33 tiers: Danske Bank Danske Premium €12.5/month, Aktia Premium Banking €6/month, Ålandsbanken Premium Banking €17/month and Nordnet (no fixed fee). For the other tiers the price is not published or is agreed as a quotation. Nordea says the price of a Private Banking relationship is individual, and Ålandsbanken prices its Private Banking by quotation. Percentage fees for wealth management are practically never published. In Nordnet's service the client keeps the decision-making power, so its price is not the price of a wealth management service. Ask several providers for a quotation and compare the total cost, not just the monthly fee.
What does private banking include?
In October 2026 the most common contents are a personal private banker or wealth manager, discretionary or advisory wealth management, and legal services (inheritance and family law, wealth planning). At the premium tier you usually get a personal contact and cheaper cards and packages, and at the top tier (Family Office or Wealth Planning) a team of specialists for the whole family's assets. The content of an individual tier is on the provider's page and on each row of the tables (Includes column). Finland has no legal definition of private banking, so the content varies by provider.
What is the difference between a premium relationship and private banking?
In October 2026 the premium tier threshold at the providers that publish one is €50,000 - €100,000 (first tier, Nordea, Danske Bank, Aktia and Ålandsbanken), and at some it can also be met with a loan. Private banking starts at €200,000, and at most the threshold of the first tier is €500,000. A premium client typically gets a personal contact and cheaper cards and packages. Private banking has a private banker, wealth management and legal services. The difference is not defined in law: there is no legal definition of private banking in Finland; the term is a marketing name for a service package that each bank or wealth manager defines itself.
Does the Investors' Compensation Fund cover wealth management?
In October 2026 the Investors' Compensation Fund can cover asset management if the service provider is a member of the fund: compensation is 90% of the claim, at most €20,000 per investor and service provider. The protection applies to non-professional investors and does not cover market losses. Compensation covers only client assets that cannot be returned. Wealth management carried out in an insurance wrapper is a unit-linked insurance policy and falls outside the protection, as does investment fund activity. The insurance wrappers are Aktia, Säästöpankki, POP Bank and Mandatum. Read more in the guide Wealth management and investor protection (/en/guides/wealth-management-and-investor-protection).