Money and currency
The currency of Finland is Euro that is divided into 100 cents.
The smallest euro coins of 1 and 2 cents are not in daily circulation in Finland due to the rounding rule acccording to which all cash payments are rounded up or down to the nearest 5 cents.
Finns use payment cards to pay for most of their purchases. All major international credit and debit cards are accepted throughout Finland - even for small purchases such as ice cream, sweets etc. Visa and MasterCard (and Visa Electron and Maestro cards) are accepted for payment practically everywhere.
Opening a bank account
If you stay in Finland for at least 6 months, you can open a bank account in a Finnish bank. For opening an account you should make an appointment with a local branch office of your chosen bank. There are no big differences regarding the services the different bank groups offer to individual customers.
You are advised to open a bank account as soon as you have arrived. By having a bank account in a Finnish bank you will probably save money in service charges. Banking hours are usually 9.30 - 16.30 Monday to Friday. You can be given a card for bank automatons, which is accepted by all the automated banking machines (you can withdraw money and pay bills in this way). All banks have also Internet banking services. You can usually pay bills through the Internet without service charges.
At least the following bank groups offer their internet banking services in English:
- Nordea Bank Finland
- OP Pohjola Group & local Osuuspankki branches (local cooperative banks)
- Danske Bank
Remember to close your bank account before leaving Finland!
Money can be changed in banks. It is advisable to change a large amount at a time to reduce service charges. Exchange rates may vary slightly from bank to bank.
In Oulu it is also possible to change currency in Forex on the pedestrian precinct Rotuaari. Forex Oulu is open on weekdays 9 - 19 and on Saturdays 10 - 16, address Kauppurienkatu 13, Oulu.