Austria Bank Account for non resident - Austria Bank Account

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Austria Bank Account for non resident

Austria Banking

Austrian bank account for non residents

We have an established and long lasting relationship with a highly prestigious bank in Austria which should meet your needs for offshore banking in Austria as well as you investment banking needs.

International private customers are considered non-residents if their permanent domicile or habitual residence is not in Austria and if they do not stay in Austria for more than three months at a time.

Opening bank account for non residents:

As an international private customer (non-resident) you may bring foreign money and euros into Austria in unlimited amounts and open current accounts (foreign currency current accounts), numbered accounts and free-euro savings accounts. Borrowing by non-residents from residents in euros and foreign currencies is also permitted.

Overdrafts on free-euro accounts and foreign currency accounts at Austrian banks are only permitted if an overdraft limit has been agreed. Such facilities must be backed by 100 % security provided on cash accounts or securities accounts.

Anonymous investments are not permitted in Austria. For this reason the bank must record your name and address and make a copy of your passport. These data are of course protected by the strict Austrian banking secrecy regulations.

Accounts may be opened personally at the bank's offices or by letter.

Internet online view mode is available for you to keep track of your account balance and a Debit Card to provide access to your funds.

Austrian Bank Account Opening by remote bank account opening procedure
excellent data protection,
bankers are bound to banking secrecy for their lifetime ,
no customer related informations are given to third parties,
required documents for Austrian bank account:

application form,
investor profile,
introduction letter,
notarized confirmation of the identity,
multilingual staff,
bank reference,
copy of a recent bank statement and utility bill,
description of personal background

Retransfer

You may use the balances in your current and savings accounts as you like, there are no restrictions under Austrian foreign exchange regulations. Transfers from Austria to other countries may be made in unlimited amounts. Austrian and foreign money may be taken out of Austria without restriction.

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