Changes in the price list from 1 November 2021 and from 1 December 2021

Published28.9.2021, 21.00

Changes to our price list will take effect on 1 November 2021. In summary, the changes are as follows:

  • Due to the merger of OP Finance AS with the Estonian branch of OP Bank, the Estonian branch of OP Bank will start providing leasing services from 1 November. In connection with this, we will bring the fees for leasing services into the price list of OP Bank's Estonian branch, which were previously in the price list of OP Finance AS.
  • We will increase account opening and management fees for foreign companies and Estonian companies with a non-resident ownership structure. This is due to the additional workload required by law to establish the background, business, etc. of such customers (application of so-called enhanced due diligence measures).
  • We will increase the fees for payments made at a bank branch. Fees for payments made in Netbank do not change and this is still the preferred channel for making payments - more than 99.9% of our customers' payments are made through Netbank and less than 0.1% at a bank branch.
  • We will bring the fees for a new service - OP Gateway - to the price list. OP Gateway is a software that enables customers to send payment orders to the bank and receive account statements directly from their accounting program.
  • You can read the full text of the price list effective from 1 November 2021 here

In addition to the above, we will change from 1 December 2021 the current account balance limit on which the bank pays interest and in excess of which the customer pays a fee to the bank, the purpose of which is to reimburse the bank for the cost of negative interest rates and which is applied as long as the ECB deposit facility rate is negative. Instead of the current threshold EUR 1 000 000, the new threshold will be EUR 300 000.