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Just Landed Guide: Money
Our money guide provides information on bank accounts, money exchange, credit and debit cards and money transfers. If you need to open a bank account, we will explain how to do it - step by step.
Banks in Austria:
Where to manage your finances
There are a large amount of banks and Sparkassen (savings banks) in Austria. Banks are private institutions. Sparkassen are run and/or supported and funded by local public authorities. Especially for international money affairs it is recommended to choose an international bank.
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Transfers:
How to transfer money within Austrtia or abroad
A transfer is used to transfer money from one bank account to another, using a special form ( Überweisungformular). Transfers within the European Union are free of charge, if you have BIC and SWIFT code handy.
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Opening an account:
How to open a bank account in Austria
If you plan to stay in Austria for longer, you will need a bank account. Actually it is quite easy to open an account – the tricky part is which bank to choose, as there are many.
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Student accounts:
Bank accounts and conditions for students
Although students tend to control a “manageable” ammount of money, they need bank accounts! In Austria you have a lot of benefits as a student when you open an account as banks are anticipating future profits when you finally graduate.
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Saving money:
Options for saving money for the future
Wether you are a student or have a regular job – saving seems to be important nowadays as the future benefits from government spending plans are, let’s say…uncertain.
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International currency exchange:
Glossary of financial jargon
This handy reference to the terms used for currency exchange transactions. The world of finance can be quite complicated, so use the below as a guide to some of the terms you may bump into when organizing currency exchanges or transfers. If you need a specialist provider for foreign currency exchange, have a look at Just Landed's preferred partner - click here for more information about FX Solutions.
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