Austria Guide: Money

Our money guide provides information on bank accounts, money exchange, credit and debit cards and money transfers. If you need to open a bank account, we will explain how to do it - step by step.

• 

  Banks in Austria

  Where to manage your finances

  There are a large amount of banks and Sparkassen (savings banks) in Austria. Banks are private institutions. Sparkassen are run and/or supported and funded by local public authorities. Especially for international money affairs it is recommended to choose an international bank.

  more
• 

  Transfers

  How to transfer money within Austria or abroad

  A transfer is used to transfer money from one bank account to another, using a special form ( Überweisungformular). Transfers within the European Union are free of charge, if you have BIC and SWIFT code handy.

  more
• 

  Opening an account

  How to open a bank account in Austria

  If you plan to stay in Austria for longer, you will need a bank account. Actually it is quite easy to open an account – the tricky part is which bank to choose, as there are many.

  more
• 

  Student accounts

  Bank accounts and conditions for students

  Although students tend to control a “manageable” ammount of money, they need bank accounts! In Austria you have a lot of benefits as a student when you open an account as banks are anticipating future profits when you finally graduate.

  more
• 

  Saving money

  Options for saving money for the future

  Wether you are a student or have a regular job – saving seems to be important nowadays as the future benefits from government spending plans are, let’s say…uncertain.

  more
• 

  International currency exchange

  Glossary of financial jargon

  This handy reference to the terms used for currency exchange transactions. The world of finance can be quite complicated, so use the below as a guide to some of the terms you may bump into when organizing currency exchanges or transfers.

  more