NewsCase StudiesEvents

Banking in Austria

Austria

Banking in Austria

Recent forum posts

 

  1. Key Trends Shaping the Commercial Office Space Market in 2020-21

    The commercial office space market in India is witnessing a enormous change in 2020.________________________________________THE DEMAND FOR COMMERCIAL OFFICE SPACE PROPERTIES IS MOUNTING UP DAY BY DAY. THERE IS A HUGE POTENTIAL GROWTH IN END USERS AND INVESTORS ALIKE. EARLIER THE GOVERNMENT RETIRED PERSONALE USE TO PUT THEIR PROVIDEND FUND MONEY INTO BANKS BUT NOW THEY ARE INVESTING IT AS THE C

    Total Posts: 1 Last post by himanshuseo1

  2. Starting a new business in India

    I run a UK business and my fellow Director is an Indian National (I am a British citizen).We now want to launch our company in India and I am struggling to make any progress with the Indian High Commission. Can anyone help me with the process. I have twice visited the commission in London and wasted hours of time due to their complete lack of organisation.I will appreciate any help to make

    Total Posts: 7 Last post by utpal01

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.