Open bank account in Austria for non-residents

The Austrian system of banks has been stable for more than 2 centuries and retain the same level of stability, and in view of the foregoing, a lot of citizens tend to invest funds in financial institutions of this country. Bank account in Austria, as well as information about the owner, are secured at the legislative level, and the provisions concerning protection are constantly being strengthened, thus, the financial system has credibility.

How to open account in Austrian bank?

The clients are divided into two categories, namely:

1. Deviseninlaen-der or the first group, which includes residents of the country and its citizens.
2.Devisenauslaende includes all tourists, businessmen and other persons not permanently residing in the territory; in order to become a resident and pass into the first category, it is necessary to live in Austria without leaving the country’s borders for at least 3 months and have an appropriate visa.

Each client, as in any bank, provides data about himself and passport information, which can not be disclosed under any circumstances. Deposit insurance is provided by the bank itself to preserve investments of the clients.

It is possible to open bank account in Austria for non-residents with the help of Law&Trust International.

Variants of accounts in Austria

1. Savings account. It is executed personally or through an authorized person. Confidentiality is fixed by a code word, and after carrying out all operations that take no more than 4 days, a savings book is issued and handed over you. The foregoing book specifies the name of the bank and the account number. The validity period of the book is fixed and ranges from 3 months to 5 years.
2. Trust account. In such a situation, the bank or one of its managers is vested with the powers of the trustee. He can independently manage the funds on the account, while he needs compensation for services in the amount of 0.1 to 0.6%. The account can be opened in any currency, the terms are stipulated depending on the invested amounts.
3. Settlement account. It is convenient for conducting transactions around the world. Most accounts are multicurrency ones, which allows to avoid losing finance on conversion.

The most popular banks in Austria

All such banks as Deutsche Bank (Austria) AG, Raiffeisen Bank International AG, Credit Suisse (Austria) AG, Meinl Bank AG enjoy credibility and authority. Our specialists can help in selecting specific bank and provide assistance in opening a bank account in Austria.

Chose bank, where you would like to open an account and press "Order"Введите свой номер телефона и ожидайте входящего звонка по указанному Вами номеру,
our Lawyer will contact you and provide answers on all your questions Chose bank, where you would like to open an account and press "Order", our Lawyer will contact you and provide answers on all your questions.
Select Bank's name sort descending Price of account opening Terms of account opening (days) Established World Ranking
Banque Cramer & Cie SA 650 USD 7 1709 4637
Benduro Bank (Austria) AG 550 USD 7 1890 3374
Credit Suisse (Austria) AG 690 USD 7 1856 25
Deutsche Bank (Austria) AG 590 USD 10 1989
Erste Bank AG 690 USD 10 1819 98
Euram Bank AG 690 USD 7 1999
Kathrein Privatbank 590 USD 7 1924 4192
LGT Bank (Austria) Ltd 590 USD 10 2007 601
Meinl Bank AG 690 USD 5 1923 4371
Raiffeisen Bank International AG 590 USD 20 1898 127
Vorarlberger Landes und Hypothekenbank 590 USD 7 1897 721
Wiener Privatbank SE 590 USD 15 1981 6084