MyNomadWorld MyNomadWorld
Home › Austria › Banks

Banking in Austria

Best banks in Austria for expats & digital nomads

Opening a bank account is one of the first things you do after moving to Austria. Here are the accounts that work for newcomers and non-residents, plus the fintech we would set up before you fly.

How to open a bank account in Austria

Opening usually requires a passport or ID plus a Meldezettel (proof of registered address) and often a local phone number. EU/EEA nationals face few hurdles; non-EU newcomers generally need a residence registration to open at a branch, while neobanks (N26, Revolut) are common first accounts.

Our top pick

Wise multi-currency account

Wise is the option we recommend for almost anyone moving to Austria: hold and convert 40+ currencies, get local account details to be paid like a local, and send money at the real exchange rate with low, transparent fees. It works before you even arrive, so you can receive income and pay deposits while your local account is still being set up.

Open a free Wise account →

Affiliate link: we may earn a commission at no cost to you. Wise is a fintech, not a bank; balances are safeguarded, not covered by deposit insurance.

Top banks in Austria

Erste Bank / Sparkasse

traditional
Largest branch network

Erste Group and the regional Sparkasse savings banks form Austria's biggest retail network.

Bank Austria (UniCredit)

traditional
International banking ties

Part of Italy's UniCredit; strong for cross-border needs.

Raiffeisen

traditional
Regional cooperative banking

Dense network of regional Raiffeisen banks across the country.

BAWAG P.S.K.

traditional
Retail and post-office banking

Major retail bank with post-office branch access.

easybank

digital
Online everyday banking

BAWAG's direct bank; long-established online account provider.

bank99

digital
Simple accounts via Austrian Post

Retail bank backed by Österreichische Post with branch access at post offices.

International accounts & neobanks

Revolut

Available EEA-wide; widely used in Austria.

N26

N26 is headquartered in Germany and fully serves Austria (euro account).

Bunq

Austria is a confirmed operating market for bunq.

Payoneer

Receiving accounts for freelancers in USD/EUR/GBP.

Availability changes; confirm on each provider's site.

Next steps in Austria

See the full Austria tax, cost and visa profile, or compare Austria with other destinations. Not sure where to go yet? Take the finder quiz.