Currency and banking


Finland uses the European single currency, EURO.
EURO (€) is made up of 100 cents. The denominations in circulation are:
Notes: €5, €10, €20, €50, €100 and €500
Coins: 5c, 10c, 20c, 50c, €1 and €2.

Finland belongs to the Single European Payments Area (SEPA). This allows fast, cheap and secure money transfers anywhere in the euro currency area. SEPA credit transfers can be used for the payment of invoices and salaries to Finnish and other eurozone accounts. The International Bank Account Number (IBAN) and the Business Identifier Code (BIC) allow the identification of any account in the SEPA countries.

Banks and services

Different banking groups in Finland offer services which are rather similar to each other, and it is up to you which bank (pankki) you choose. Most banks have branch offices throughout the country. No matter at which office you have your account, you can make a deposit, withdraw money, and pay bills at any other office of that bank nationwide. Banks are open from Monday to Friday usually 10:00 a.m.–4:30 p.m.

Most banks only accept a passport as a proof of identification when opening a bank account. It is therefore advisable to bring your passport with you even if you can enter the country with an ID only.

The names and addresses of the largest banks in Jyväskylä are:

You have to pay service fees in the banks for almost all services. The service fees vary between different banks.

Generally, you are well advised to use the Internet banking services or automatic cash dispensers for paying your bills and checking your balance. There is usually an additional charge when bills are paid at automatic cash dispensers. If you would like to pay your bills at a bank cashier, be prepared to pay a service fee of 4–8 euro.


otto.jpgCash can be withdrawn from any cash dispenser marked with the Otto logo throughout Finland 24 hours a day. Cash dispensers that do not have this logo belong to a particular bank and you may withdraw money from such a dispenser only if you are a client of the bank.

Cards, checks and exchanging currency

Visa and MasterCard credit cards are widely accepted in Finland. Other credit cards, such as Eurocard, Diners Club and American Express, may not be accepted in all shops. Automatic cash dispensers accept American Express, Cirrus, Diner’s Club, MasterCard and Visa.

Finnish banks usually grant credit cards only for long-term or permanent residents of Finland.

Foreign personal checks are not accepted in stores, and cashing them in a bank may involve a lengthy and expensive procedure.

Money can be exchanged at practically every bank in Finland. Foreigners may bring in unlimited amounts of any currency and freely exchange it.

More information: