Austria
Banking in Austria
Austria Business Experts
Recent forum posts
-
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: 12 Last post by leahhart65
-
Hiring Struggles for Small Businesses in NZ, Are We Overlooking Soft Skills?
Hi everyone,I’ve noticed that many small businesses in NZ are facing real challenges when it comes to hiring the right people not just in terms of technical ability, but soft skills too. Communication, adaptability, and problem-solving often seem harder to find than certifications or experience.A few small business owners I’ve talked to said they struggle to read between the lines of a sta
Total Posts: 1 Last post by ngaiomarsh98
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:
- Passport
- Proof of residence in Austria
- Residence Registration Form (Meldezettel) (sometimes required)
- Employment details
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.
Organisations that can assist with Banking
-
> Need to open a bank account in this country?
Business Banking advice Advice on which type of bank account would best suit your business. Help making payments – and getting paid.
