We help domestic and international founders establish corporate accounts with traditional Austrian credit institutions and regulated European fintechs. Supporting founders from over 50+ countries.
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We analyze your corporate ownership structure (UBO), country of incorporation, director residency, and business model against specific Austrian bank risk matrices to identify the institutions most likely to accept your application.
We compile a comprehensive banking dossier including your Firmenbuchauszug (Austrian Commercial Register excerpt), articles of association (Gesellschaftsvertrag), proof of business ties to Austria, and verified source of wealth.
If you are incorporating an Austrian GmbH or Flexible Company (FlexCo), we facilitate the opening of a legally required capital deposit account so your notary can issue the confirmation of share capital payment (Bankbestätigung gem. § 10 GmbHG).
Where allowed by Austrian regulations, we submit and oversee the application on your behalf. If an institution requires the managing director (Geschäftsführer) to complete video verification personally, we brief you thoroughly beforehand to ensure a seamless approval process.
Austrian commercial and universal banks provide comprehensive banking services, multi-currency accounts, merchant acquiring, and notary-recognized capital contribution accounts for company formation. They tend to perform thorough compliance checks on non-resident directors and frequently require demonstrable economic substance or commercial ties to the Republic of Austria.
Digital business accounts and European Electronic Money Institutions (EMIs) operating under freedom of services within the EU/EEA offer rapid onboarding, clean APIs, modern expense management, and SEPA/SWIFT capabilities with dedicated EUR IBANs. While convenient, most digital providers cannot issue statutory share capital confirmation for company formation in the Austrian Firmenbuch unless coordinated through a notary escrow arrangement.
Onboarding requirements, remote verification policies, and processing times are subject to individual risk assessments and provider discretion. Final account approval rests solely with each financial institution.
| Provider | Non-resident accepted? | Remote onboarding? | Local address/company requirements | Typical timeline |
|---|---|---|---|---|
| Erste Bank und Sparkasse | Yes (Subject to Austrian economic substance and commercial nexus) | Requires provider confirmation (branch visit often required for non-EU/EEA directors) | Austrian company registration (Firmenbuch) or demonstrable business links to Austria | 2 to 4 weeks |
| Raiffeisenlandesbank (RLB / RBI) | Yes (Thorough KYB/AML evaluation; depends on regional entity) | Case-by-case (often requires in-person director appearance) | Austrian registered address or established trading relationships within Central/Eastern Europe | 3 to 5 weeks |
| UniCredit Bank Austria | Yes (EU/EEA non-residents routinely considered; others subject to enhanced due diligence) | Partially available via verified Austrian notary or VideoIdent (provider confirmation required) | Austrian registered entity or registered branch (Zweigniederlassung) | 2 to 4 weeks |
| Oberbank | Selective (Focus on DACH region and Central European corporate links) | Typically requires in-person branch verification | Austrian operating footprint, registered office, or verified local contracts | 3 to 4 weeks |
| Qonto | Yes (For EU/EEA-resident directors and selected non-EEA jurisdictions) | Yes (100% digital via VideoIdent) | Registered Austrian entity with valid Firmenbuch number or active registration | 2 to 5 business days |
| Finom | Yes (EU/EEA-resident beneficial owners and directors accepted) | Yes (100% digital onboarding) | Austrian registered legal entity or registered self-employed professional | 2 to 5 business days |
| Revolut Business | Yes (Accepts international ownership based on operational profile) | Yes (Fully remote verification through app-based portal) | Austrian registered entity or accepted cross-border EEA company branch | 3 to 7 business days |
International founders incorporating an Austrian GmbH or FlexCo who need a capital deposit account (Gründungskonto).
Foreign companies setting up a registered branch (Zweigniederlassung) or permanent establishment in Austria.
EU and non-EU directors seeking an operational EUR account with an Austrian or EEA IBAN to trade within the DACH region.
Cross-border enterprises requiring guidance on Austrian corporate substance, commercial register extracts, and tax filing alignments.
Growing tech, consulting, and trading businesses requiring corporate accounts with Tier-1 banking partners.
Individuals seeking personal consumer or retail checking accounts.
Businesses involved in unregulated financial activities, high-risk adult industries, or prohibited crypto-mixing services.
Corporate structures with undisclosed or anonymous Ultimate Beneficial Owners (UBOs).
Founders operating out of jurisdictions placed on the FATF or EU anti-money laundering blacklist.
Applicants looking for guaranteed remote approval without submitting complete, verified compliance documents.
Opening a traditional corporate bank account in Austria is closely linked to your company incorporation. Under Austrian corporate law, establishing a Gesellschaft mit beschränkter Haftung (GmbH) or a Flexible Kapitalgesellschaft (FlexCo) requires depositing your minimum statutory share capital before final registration in the commercial register (Firmenbuch).
We analyze your company documents, ownership tree, target business activities, and director residency. We check compatibility against current Austrian banking risk criteria to select the most appropriate traditional and digital providers.
Our team prepares your compliance profile. We assemble your corporate registry documents, notarized powers of attorney, proof of source of wealth, and commercial proof of business nexus (contracts, invoices, or planned operations in Austria).
We initiate the formal application with the selected Austrian institution. We handle pre-submission compliance queries and guide the managing director through remote video verification or coordinate an in-person branch appointment where necessary.
Once the bank approves the account, you receive your dedicated IBAN and online banking credentials. For newly forming entities, the bank issues the statutory capital confirmation directly to your Austrian notary to complete your registration in the Firmenbuch.
Austrian commercial institutions welcome foreign-owned businesses, but they enforce strict know-your-customer (KYC) and anti-money laundering (AML) controls governed by Austrian and EU banking directives. An Austrian bank evaluates the residency of the managing director (Geschäftsführer) independently from the country where the business is registered.
Supporting founders from over 50+ countries.
Everything you need to know about opening a corporate business bank account in Austria.
