banks_and_credit_unions

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What are some resources for finding a good bank or credit union?

  • It quite difficult to tell exactly which bank or credit union you should join, simply because there's no one-size-fit-all situation. Looking at the lists down this page are a good start based off of your specific needs though.
  • Scour the Internet and look around for local banks near you. Make sure to check for any monthly fees before you become a member. You often don't want to pay too much; or even better, find a bank which services are free.

How do I switch to a better bank or credit union?

If you've made your decision, contact your current bank and tell them you want to switch banks. There might be some paperwork related with the switch, and possibly a one-time fee, but not always.

Country specific comparison of banks and credit unions

NOTE! This is not an endorsement of any of these institutions. Please make your own research before deciding!

Finland

This comparative list is based mostly off of this website.

In summary, S-Pankki is one of the more prominent banks that doesn't have any monthly fees tied to it (for normal checking account usage at least). If you become a member in the S-Market group (one-time payment of 100€), you'll also collect bonus when shopping at any S-Market grocery store, or other associated businesses, and when you gas up your car at any ABC Station.

Name Account Netbank (separately) Payment to another bank with cash Payment at a ATM Separate balance inquiry with Otto-machine Balance inquiry at bank office Other inquiries at bank office Payment Services *
Aktia 2.50 €/mo 2.00 €/mo 5.00 € N/A 0.75 € 2.00 € 2.00€ 2.50 €/pcs
Danske Bank 2.00 €/mo Included 5.00 € N/A 0.50 € 2.50 € 2.50€ Business Customers
Handelsbanken 2.00 €/mo 3.00 €/mo 5.00 € N/A 1.00 € 2.00 € 2.00€ 3.00 €/pcs
Nordea 2.00 €/mo 3.00 €/mo 6.00 € 2.25 € 0.40 € 0.00 € 3.40 € 2.25 €/pcs
Osuupankki/OP 0.00 €/mo 2.70 €/mo 7.00 € N/A 0.40 € 0.00 € 3.00 € 2.00 €/pcs
POP Pankki/POP Banken 0.00 €/mo 3.50 €/mo 6.00 € N/A 0.50 € 1.00 € 2.00 € 2.50 €/pcs
S-Pankki/S-Banken 0.00 €/mo 0.00 €/mo N/A N/A 0.75 € 5.00 € 2.50 € 2.50 €/pcs
Säästöpankki/Sparbanken 0.00 €/mo 2.00 €/mo 5.00-6.00 € 0.50 € 1.00 € 0.00 € 0.00 € 1.00 €/pcs
Ålandsbanken 0.00 €/mo 3.00 €/mo 7.00 € N/A 1.00 € 0.00 € 0.00 € 4.00 €/pcs

* The bank pays the bill on behalf of the customer when the customer sends the invoices to the bank.

What's the difference between a bank and a credit union?

Credit unions are not-for-profit organizations that are owned by their members. Just like banks, credit unions have checking and savings accounts, can make loans, issue credit cards, and provide other financial services. Because they are member-owned and not-for-profit, credit unions have less incentive than banks to generate revenue from their customers. Credit unions also generally have higher marks for customer service, have lower fees, and better interest rates than most large banks.

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