Online banking, or neobanking, is becoming very popular in Austria. It attracts not just citizens but also permanent residents and newcomers. Traditional banks like UniCredit Bank Austria AG are facing tough competition from digital-first banks.
These new banks offer things like no fees, cheap international payments, and smart budgeting tools.
Austria’s digital banking scene is growing fast, giving people more choices. N26, for example, has about seven million customers in the EU. It was named Forbes’ Best Bank in the World in 2021.
Other Austrian neobanks, like Tomorrow, focus on being green. They offer things like wooden Visa debit cards. Big names like Revolut and Wise also provide flexible, affordable international financial services.
The competition among Austrian neobanks means there’s a wide range of services available. This guide aims to help you find the best online bank in Austria. It will help you choose one that fits your financial needs and preferences.
Why Choose Online Banks in Austria?
Online banks in Austria offer great deals that traditional banks can’t beat. They have no-fee structures and low fees for international payments. They also have tools to help you manage your money better.
Digital banks in Austria focus on clear and helpful services. This makes them popular among locals. For example, N26 lets you withdraw up to eight times for free in euros each month. Chime has no fees for checking accounts, and Revolut doesn’t charge for exchanging up to 1000 USD a month.
Let’s look at how online banks save you money:
| Bank | Key Offerings |
|---|---|
| N26 | Up to 8 free ATM withdrawals per month |
| Chime | Fee-free checking accounts |
| Revolut | Currency exchange with no fees up to 1000 USD/month |
| Starling Bank | Fee-free ATM withdrawals worldwide |
| CapitalOne 360 | Withdrawals from 70,000 fee-free ATMs |
| Monese | Reduced currency exchange fees with specific account plans |
| Monzo | Fee-free cash withdrawals abroad in EEA |
In summary, online banks in Austria are chosen for their cost savings, ease of use, and wide range of services. This makes digital banking a great choice for both locals and expats, with many benefits.
Maine criteria for Selecting the Best Online Banks in Austria
Choosing the right online bank in Austria is key. Look at fees and rates first. Check for international fees and account costs. Compare these with banks like N26, Tomorrow, and Revolut to save money.
How easy a bank is to use matters a lot. Check out their mobile apps and how simple they are to navigate. Banks like these are known for making banking easy.
It’s also important to look at a bank’s reputation and service. Check customer satisfaction scores and how well they handle customer issues. This shows if a bank is reliable.
Being open about banking is good too. Customers like banks that are clear about fees and terms. This builds trust and reliability.
What customers think and how easy it is to use a bank are key. Look at how well banks handle online account openings. A study in 2024 found that customer satisfaction is key for digital banks.
Choosing an online bank in Austria is complex. It involves looking at many factors. To learn more, check out the expert metrics guide for bank evaluations.
Top Banks in Austria Online for Every Need
Exploring the top online banks Austria shows each bank’s special features for different needs. N26 is great for those wanting a full banking experience without high costs. It offers a zero-fee EUR account in many European countries, including Austria. N26 also has plans like N26 You (€9.90/mo) and N26 Metal (€16.90/mo) with travel insurance.
For those who care about the planet, Tomorrow is a good choice. It’s a German bank in Austria, Italy, and Spain that focuses on green banking. Tomorrow has plans like Now (€3/month), Change (€7/month), and Zero (€15/month) that help the environment.
Revolut is perfect for those needing a wide range of digital banking services without high fees. It offers many features across Europe and lets you manage money in over 40 currencies.
Wise (formerly Transferwise) is great for those who often send money abroad. It has low fees for international spending and lets you receive payments without extra costs. Wise supports over 50 currencies and works in 160+ countries.
Bunq is a mobile-only Dutch bank with premium services for those willing to pay extra. It has personal and business accounts with unique features like shared accounts and multiple IBAN options. Bunq’s services are ideal for those who want lots of management tools.
To learn more about this comprehensive Austrian bank guide, think about what you need in a bank. Whether it’s green banking, low fees for international transfers, or lots of digital services, you can find the right bank in Austria.
| Bank | Key Feature | Plan | Monthly Costs |
|---|---|---|---|
| N26 | Travel Insurance | N26 You | €9.90 |
| N26 | Travel Insurance | N26 Metal | €16.90 |
| Tomorrow | Eco-Conscious Investments | Now | €3 |
| Tomorrow | Eco-Conscious Investments | Change | €7 |
| Tomorrow | Eco-Conscious Investments | Zero | €15 |
| Revolut | Multi-Currency Management | Various | Dependent upon plan |
| Wise | Low-Cost Transfers | Multi-Currency Account | Variable fees |
| Bunq | Shared Accounts | Various | Dependent upon plan |
This comprehensive Austrian bank guide shows the unique features of the best digital banks Austria. By choosing based on your needs, you can manage your money well and easily.
Guide to Best Banks in Austria Online
Finding the right bank in Austria can be tough, but it’s easier for expats and non-EU residents. This guide helps you find the top online banks in Austria. It covers the best banks for foreigners, what you need, and how to use digital banking. Banks like UniCredit Bank Austria, Erste Group Bank, and Raiffeisen Bank Austria are great for foreigners. They offer lots of services, support English, and have easy requirements.
To open a bank account in Austria, you need a few things. You’ll need your ID, proof of where you live, and proof of how much money you make. Erste Bank charges €4 to €10 a month for accounts. Raiffeisen Bank and UniCredit Bank Austria charge €5 to €12. N26 is a good choice because it doesn’t charge monthly fees for its basic accounts.
If you want easy online banking, N26, Revolut, and Wise are good options. N26 lets you send money abroad for free and withdraw cash for free in the Eurozone. Revolut is great for travelers because it lets you exchange money for free up to a limit. Wise also helps with money transfers in over 50 currencies, making it easy for expats and travelers.
Digital banking platforms like George by Erste Bank offer lots of services. They help you manage your account, make payments, and plan your finances. This guide makes getting an Austrian bank account easy and safe. For more on international banking, check out how to open an Australian bank account from the USA.
