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Our set up fee to open a personal current account is only 499 Euro 


Our set up fee to open a corporate current account is 699 Euro 



Deposits & Withdrawals:

What is the best way to deposit money on my Austrian bank account?

Answer: The best way to deposit money on your Austrian bank account depends on you:

The fastest, cheapest and most secure way is a bank transfer. You give the bank where the money is presently the details of your Austrian bank account and the money gets there in a few days. But this way of depositing money is not private.
The most private way is to bring cash at the bank in Austria. This is obviously more expensive since you have to come to Austria, it takes more time and is less secure. You will also need to make sure that you bring enough evidence of the legal origin of the funds. The requirements are even more stringent when you bring cash.
Notes:

Traveller's cheques are secure and can be cashed immediately, but they need to be deposited in person.
A cheque is the same as a bank transfer in terms of privacy but it much slower and more expensive. You can do it but if you have a choice it is not the recommended way.
Can a bank that issues traveler' checks find out where they have been cashed?

Answer: The issuing bank can find out where the traveler's checks were cashed. In fact, you must always reveal your identity when making a purchase. Since each check is identified by a unique number, it is theoretically possible to trace it. In practice, however, this type of search is rarely carried out, at least not systematically.

Can I deposit with a Current money order ?

Answer: There is no limitation in Austria we are aware of to receive money on your Austrian bank account from a Current money order. However, you need to check that the Current system in your country allows you to send money to a bank account in some other country.

Can I deposit money on my Austrian bank account with Western Union ?

Answer: Western Union's services are for individuals who wish to transfer money to individuals. As far as we know it is not possible to use it to deposit money on a Austrian bank account.

 

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The name Raiffeisen Bank and it's logos are trademarks of Austrian Raiffeisen Banking Group (RBG) and the core company of the RZB Group. Other than an introduction service European Finacial Services is in no way affiliated with Raiffeisen Bank, the Austrian Raiffeisen Banking Group (RBG) or any of its subsidiaries or affiliates. European Financial Services is soley responsible for the content of this websites and the services it provides to it' clients seeking to use our services.