Guide to Banks in Austria

Banking in Austria requires a good knowledge about that country’s financial system. Austria has hundreds of banks — commercial banks, international banks with Austrian offices and savings banks, to name a few. These different banks cover a wide range of banking needs, but a detailed knowledge of banks in Austria is necessary to successfully take advantage of the system.

Austria banks can be easy to use, but there are a variety of special issues that you need to address when dealing with them. It is also important to keep in mind that foreigners wanting to bank in Austria are subject to government restrictions on foreign investments. Austria commercial banking works on a global scale, but foreign investors and business people need to research banking practices thoroughly before they begin.

Keep the following in mind when looking for banks in Austria:

1. Focus on Austria commercial banks that will meet your specific needs.

2. Make sure you know the rules for international investing before banking in Austria.

3. Compare Austria banks to help you find the right bank out of the many available.

Action Steps
The best contacts and resources to help you get it done

Gather general information about Austria banks

Information about the banking industry and general financial state of Austria can be found from the Austrian government and from private sources.

I recommend: Oesterreichische Nationalbank, the central bank of Austria has information on monetary policy, as well as many publications in English.

Get background information on Austrian banks before doing business or making investments

There are several banking service companies and organizations that provide detailed information on Austria banks and economics. In addition, it's a good idea to get practical tips on how to use Austria banks.

I recommend: Just Landed offers articles on different types of Austrian banks, how to open a bank account and how to transfer money to and from Austria. For more official information, the Austrian Financial Market Authority includes information on the country’s banks.

Check out several different banks in Austria in order to know which will best suit your needs

With hundreds of banks of many different types, it is important to make a knowledgeable choice before engaging in Austria commercial banking.

I recommend: You can find the most complete list of Austria banking institutions at EuropeBanks.info, with the banks listed by location. Qualisteam has an extensive list of institutions of personal, corporate and business banking in Austria.

Tips & Tactics
Helpful advice for making the most of this Guide

• When searching for a bank's location, keep in mind that Austrian names will be in German and therefore may be spelled differently. The main sites for Austrian banks are in German, but most have an English version. Make sure you search for it.

The official source of Banks in Austria is the Banks in Austria page at Business.com