To open a bank account for your company, you always need an extract from the trade register. The bank may also require other documents related to your company. These vary by bank and company form. You can open the account either by visiting one of the bank's branches or online, depending on the bank. At the same time, remember to also get the tools you need to use the account, such as the online banking IDs and a debit card.
Banks are obliged to provide basic banking services to retail customers but are not obliged to open an account for the company.
As a private entrepreneur, you can use your company's money fairly freely. However, it is a good idea to open a separate bank account for your business name. This makes it easier for you to see which payments belong to your private life and which to your company's transactions.
You can usually open a normal current account or a more versatile business account for your business name.
When you are opening an account for your business name, you usually have to provide the bank with at least the following documents and information:
If you are opening the account before registering your company, you will not have an extract from the Trade Register yet. In that case, instead of the extract, you should provide
When you are setting up a limited liability company without share capital, do not open an account for the company until it has been entered in the Trade Register. You usually have to provide the bank with at least the following documents and information:
If share capital is paid to your limited liability company, you must open an account for the company that you will establish and pay the share capital to the account before registering the company in the Trade Register. In that case, you will not yet have an extract from the Trade Register. Instead of the extract, provide the bank with
Send the extract from the Trade Register to the bank afterwards as soon as you receive it.
When you are opening an account for your general partnership or limited partnership, you are usually required to provide the bank with at least the following documents and information:
If you are opening the account before registering your company, you will not have an extract from the Trade Register yet. In that case, instead of the extract, you should provide
When you are opening an account for a cooperative that is about to be set up, you usually need to provide the bank with at least the following documents and information:
Send the extract from the Trade Register to the bank afterwards as soon as you receive it.
If your company is foreign, it should usually be registered for you to be able to open a Finnish bank account for it.
When you are opening an account for your foreign company, you usually need to provide the bank with at least the following documents and information:
The bank may require that you have the documents translated into Finnish, Swedish or English.