Online banking becoming a legal right

[betelgeuse]

http://finlex.fi/fi/esitykset/he/2016/20160123

This government proposal implementing 2014/92/EU is currently in the parliament. The directive includes online banking in the basic features

http://eur-lex.europa.eu/legal-content/ ... 32014L0092

1. Member States shall ensure that a payment account with basic features includes the following services:
(a) services enabling all the operations required for the opening, operating and closing of a payment account;
(b) services enabling funds to be placed in a payment account;
(c) services enabling cash withdrawals within the Union from a payment account at the counter or at automated teller machines during or outside the credit institution’s opening hours;
(d) execution of the following payment transactions within the Union:
(i) direct debits;
(ii) payment transactions through a payment card, including online payments;
(iii) credit transfers, including standing orders, at, where available, terminals and counters and via the online facilities of the credit institution.

The proposed entry into force is October first 2016. Online identification legislation is not changing so getting a Finnish id card will still be required for TUPAS for those without ETA documents.

[Beep_Boop]

Thanks for sharing! This is definitely a good step in the right direction.

Now I only hope that the TUPAS requirements (Finnish ID card with hetu on it) are actually used instead of banks enforcing arbitrary requirements on their own. It's time that the government starts cracking down on known offenders such as Nordea.

[betelgeuse]

It still doesn't say about the duration of eligibility. Banks still provides online banking to foreigners but the main hassle was about when, for someone it took 3 to 6 months and heard about cases of others getting within a month. There should be some consistency and transparency in decision making.

It does. A decision has to be made without undue delay and at the latest within ten banking days from application.

Talletuspankin on hyväksyttävä tai hylättävä asiakkaan perusmaksutilihakemus ilman aiheetonta viivytystä ja viimeistään kymmenen pankkipäivän kuluessa siitä, kun se on vastaanottanut hakemuksen.

[betelgeuse]

Also, when the application for online banking is being processed, the extra fees that bank charges while paying bills via branch should be nullified.

You will get the online banking from day one after approved application so there's no need to nullify the charges.