The OP Pohjola (OP) bank will set daily and transfer-specific security limits for all its personal customers’ Current Accounts in stages during 2026 to increasing security by checking scam involves phishing for banking IDs and steal funds, said a press release on Thursday.
Security limits for the Current Accounts of clients with digital IDs will be set at the beginning of June. Security limits for the Current Accounts of clients without digital IDs will be set in November.
Security limits will be set at 10,000 euros for Current Accounts for which no security limit has previously been defined.
The daily limit determines how much money can be used from the account in one day (24 hours). The limit on single transfers determines how large an individual payment or withdrawal can be.
“Today, a typical scam involves phishing for banking IDs, which are then used to steal funds by means of bank account transfers. Account security limits aim to prevent the accounts of a person who has been the target of fraud from being completely emptied. The purpose of security limits is therefore to prevent scams, but it is easy for the customer to adjust the security limit to their own needs,” said Niina Pakkala, Director of Accounts, Daily Services and Management of Finances of OP Pohjola in the press release.
The authority advised the clients to choose the limits so that regular everyday expenses and spending can be taken care of effortlessly. If the account is not actively used, it is recommended to set stricter limits.
OP clients have also set limits on their accounts themselves in the past. Currently, about 20 per cent of accounts have security limits.
