List of Austria Offshore Bank
Open AUSTRIA Bank Account for non residents
Austria is an ideal location for Private Banking.
Austria is not only favoured for its location at the crossroads of traditional European banking and the new investment horizons in Central and Eastern Europe – it also has a highly developed professional financial market; and of course, it provides the strictest standards of privacy and banking secrecy.
Austria’s banking secrecy is guaranteed by strict laws with constitutional rank – this means that changes to it would require a two-
Austria’s legal and fiscal framework is very stable and has multiple avenues for optimal structuring of corporate and private wealth management. Austria is an attractive place to manage wealth for EU residents and ideal for EU non-
Austria is an EU member, a member of the Euro currency area, and has a
AAA sovereign debt rating – a reflection of the highest political and economic stability. This creates a most stable environment for private banking.
Nevertheless, privacy is a biggest attraction in these 'Tax Free Zones' of the world.
When going to the chosen bank you will need a proof of identity like a passport and sometimes also a proof a residence in Austria ( Meldezettel).
The most common form of accounts in Austria is the current account (called Girokonto), with a current account you usually can:
Draw money with your EC – card (EuroCheque) from your own bank’s ATMs but also from ATMs from other banks. Normally they are located outside the bank and you can withdraw money with nearly all common cards there. However – using your local Austrian card saves you any commission that you might be charged when using a foreign card.
Transfer money (locally and abroad)
Pay for example your rent by standing order.
Pay for example your telephone bills by direct debit or other regular but variable amounts.
When you open an account in Austria you will get a personal customer advisor who will help you with financial decisions. Approximately after 3 or 4 days you will get you EC – card by post.
It is common to receive Internet-
International money transfers
Bank transfers in Austria are usually quite fast and straightforward, but this is not always the case for international transfers. Transfers to and from Austria can take weeks, especially between non-
SWIFT transfers: One of the safest and fastest methods of transferring money is via the system of the Society of Worldwide Interbank Financial Telecommunication (SWIFT). A SWIFT transfer normally completes in a few hours and the funds should be available within 24 hours, although this can take longer. Transfer costs vary in terms of commission, exchange rates and transfer charges. If you have BIC and SWIFT code handy for your transfer to an EU-
Bank drafts: A bank draft ( Bankscheck) should be sent by registered post as it is impossible to stop payment if it gets lost or stolen. Bank drafts are not treated as cash in Germany and must be cleared like personal cheques.
Money transfer agencies: Another way of transferring money abroad is to use an international money transfer agent such as Moneygram or Western Union. Although originally designed for people without bank accounts, these agencies are generally faster (it takes around 10 minutes) and more reliable than traditional bank transfers. However, commissions on telegraphic transfers are quite high (around 7 to 10 percent of the amount sent). You simply pay your money cash to the agency office and tell them where the person you are sending it will pick it up. The recipient of the money can then go with his identification to the office you named and receive the money instantly cash.
Paypal: You might want to have a look at the Paypal system -