NewsCase StudiesEvents

Banking in Austria

Austria

Banking in Austria

Recent forum posts

 

  1. Is hiring a content writing agency worth the money for a small business?

    Honestly, yes — if you choose the right agency. A good content writing agency helps small businesses look professional, rank better in search engines, and attract the right audience.If you’re not great at writing or you’re too busy running the business, outsourcing your content saves time and stress. Just make sure you’re clear

    Total Posts: 1 Last post by samantharoto92

  2. Company setup in Dubai

    Right start is essential for a Perfect Business”UAE provides a reputable and international Platform for all kind of businesses. Setting up in the UAE is an excellent choice because of the regulatory regime and the geographical time belt.Dubai has created a business environment that is well regulated without being unduly restrictive and offers operating conditions that are amongst the most

    Total Posts: 8 Last post by oliverjhon

Banking in Austria

Austria has a very well-developed banking system. Many major foreign banks operate in Austria, and indeed larger Austrian banks have branches, subsidiaries, and joint venture businesses in many areas of Europe.

Opening a bank account in Austria is very simple. The following are required:

Ask to open a bank account (ein konto erffnen). When everything is finalised, you will be given a welcome pack which offers details about the bank's services, and your account details. You will also be allocated a personal banker for the future. Your bank card will be sent to you in the post within a few days.

Most banks in Austria provide the following services:

  • Current account (Girokonto)
  • Debit card (Bankomatkarte)
  • Overdraft facility (Dispokredit)
  • Standing orders (Dauerauftrge)
  • Savings account (Sparkonto)

You will not usually be able to obtain a credit card, have use of an overdraft facility or obtain an ATM card until you have been employed in Austria for more than three months. You will be issued with a debit card which will allow you to withdraw money from the ATM machines situated in your bank lobby.

Click here to Ask an Expert about Banking in Austria

Organisations that can assist with Banking

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.