Money and payments

The reliability and efficiency of payment and settlement systems and a currency supply system that caters to both businesses and the general public are prerequisites for the operation of the economy.

The Bank of Finland is Finland's monetary authority and is responsible for the issuance of banknotes and coins. It is also responsible for the maintenance of currency supply in Finland, in cooperation with banks and other parties involved in currency supply. The Bank of Finland oversees payment and settlement systems and operates the interbank payment system (TARGET2).

euro notes in pictures

euro coins in pictures

Bank holidays

payment systems

Maksuneuvosto

Payments Council

Settlement systems

Bank of Finland’s guiding principles on electronic payments

Bank of Finland’s guiding principles on electronic payments: 1. A range of payment methods that suit various situations and serve different user groups. 2. Payment systems that function effectively for society as a whole. 3. Electronic payment methods that are secure and reliable. 4. Payment methods that support consumers in managing their own finances and protect them from abuses.

Read more about the guiding principles in the speech by Board Member Tuomas Välimäki: Guiding principles on electronic payments, opening remarks at Payments Forum, 25 May 2022 (in Finnish) 

Bank of Finland’s guiding principles for the maintenance of cash services

Bank of Finland’s guiding principles for the maintenance of cash services: 1. Bank customers have the right to deposit cash in their bank account and make cash withdrawals from it. 2. Bank customers must be entitled to make a reasonable number of cash withdrawals at no charge. 3. Small businesses and associations should be viewed as comparable to private customers in regard to use of cash services. 4. Retail stores’ cashback services for cash withdrawals should be available equally to all customers. 5. Cash must be accepted as a means of payment for services that are of critical importance to members of the public.

Read more about the guiding principles in the speech by Board Member Tuomas Välimäki: The payment revolution — change, challenges, and solutions, 28 November 2018.