Moving to Vienna for a job or a semester abroad in Salzburg? Whatever your purpose, a checking bank account is very likely the first things you will require when you come to Austria. This website provides an overview of the best bank accounts in Austria.
The banks usually charged monthly management fees for maintaining a bank account. Lately, the banks now provide a free checking bank account with favourable conditions. This free bank account can save you up to 100 euros a year.
1. Monthly Maintainance Charges
Most banks in Austria charge a monthly maintenance fee for your normal current account (Girokonto). Therefore, it is important to check the terms to see if they charge any monthly or annual maintenance fee.
Some banks exempt you from maintenance fees if you have a salary account or make regular monthly deposits.
2. Cash Withdrawal Charges
Once you get a current account or checking account (Girokonto) opened in a bank, you will be provided with an ATM card to allow you withdraw your money from the bank ATM network. Look for Banks which offer free cash withdrawals from other bank ATMs.
Here is a list of three best banks providing a Free bank account in Austria.
This is arguably the best online bank account for foreigners and travellers as it provides a free bank account with all benefits and also easy bank account opening.
Click here to open an N26 bank account.
Formerly called DirectAnlage.at, this online bank account is now a subsidiary of BNP Paribas.
Check here for more information about Hello bank account and Instructions on how to open a DirectAnlage bank account.
Click here to open a Hello bank checking account.
Click here to open a Easy Bank Checking account
Click here for more information about BankDirekt Checking account.
Click here to open a BankDirekt Checking account
Technically not an Austrian bank, but DKB is a German bank account with allows opening a bank account also for Austrian residents.