Käyttötilit

Käyttötili is a Finnish term for a basic transaction or operating account intended for day-to-day money movements. It is the account most people use to receive income, such as wages or social benefits, and to make payments, transfers, card purchases, and automatic debits. A käyttötili is typically linked to a debit or payment card and to online and mobile banking, which enables users to manage funds, view statements, and authorize payments.

Common features include an international bank account number (IBAN) for transfers, access to online banking, and options related to payment services such as direct debits and card payments. The account may offer an overdraft facility, depending on the bank and the customer’s creditworthiness. Fees and tariff structures vary; some banks provide basic or free options, while others charge monthly maintenance or transaction-based fees. Interest is usually minimal or absent, reflecting the account’s role as a liquidity tool rather than a savings vehicle.

Opening a käyttötili requires identity verification. For individuals, this typically includes a government-issued ID, a Finnish personal identity code, and proof of address. Businesses may need additional documentation such as a company registration number and tax information. Banks may also offer youth or student variants with reduced fees or features suited to different life stages.

In practice, käyttötilit are sometimes complemented by savings or investment accounts to meet different financial goals. In corporate settings, multiple käyttötilit can be used to separate cash flows for payroll, supplier payments, and petty cash to aid accounting and cash management.