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Bank Account in Austria

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.

What to Check when looking for bank account in Austria

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.

List of Best Banks in Austria

Here is a list of three best banks providing a Free bank account in Austria.

1. N26

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.

  • Free Account maintenance for all individuals and business irrespective of monthly deposit
  • Free Cash withdrawal in Euro Countries
  • Free ATM Card
  • Free Credit Card with zero transaction fees
  • English website

Click here for more information about the N26 bank account..

Click here to open an N26 bank account.

2. Hello Bank 

Formerly called DirectAnlage.at, this online bank account is now a subsidiary of BNP Paribas.

  • €75  joining Bonus
  • Free Account maintenance for salary account or with regular deposit  or students
  • Overnight Draft interest rates: 7.00%
  • Free Cash withdrawal in Euro Countries
  • Free ATM Card
  • Credit Card provided

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.

3. Easy Bank

  • Free Account maintenance for salary account or with regular deposit
  • Interest of up to 0.25%
  • Overnight Draft interest rates: 7.50%
  • Free Cash withdrawal in Euro Countries
  • Free ATM Card
  • Credit Card provided

Click here to open a Easy Bank Checking account

4. BankDirekt

  • Free Account maintenance for salary account or with regular deposit
  • Interest of up to 0.25%
  • Overnight Draft interest rates: 7.50%
  • Free Cash withdrawal in Euro Countries
  • Free ATM Card
  • Credit Card provided

Click here for more information about BankDirekt Checking account.

Click here to open a BankDirekt Checking account

5. DKB – Cash

Technically not an Austrian bank, but DKB is a German bank account with allows opening a bank account also for Austrian residents.

  • Free account with no monthly minimum input
  • Free VISA credit card
  • Free worldwide cash withdrawals using VISA card
  • 0.90% Interest paid on credit card balance
  • V PAY card from VISA and Visa charge card
  • Free securities account
  • Credit facility with only 7.90 per cent interest on debt
  • Monthly credit card and bank statements online
  • Read more

 

Comparison of Bank accounts in Austria