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Home › 🇦🇹 Austria › Best Digital Banks

Best Digital Banks in Austria 2026

FMA-supervised banks for Austrian residents.

✅ FMA Regulated 🇦🇹 FMA Supervised 🛡️ €100k Protected 📱 George App 🔬 Tested with real accounts
🔄 Last updated: July 2026  ·  Reviewed by WhichBrokr Research Team
📋 On this page
⚠️ Risk warning: Investing involves risk of loss. Capital is not guaranteed. Some links on this page are affiliate links — this does not affect our rankings.
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Top 4 Best Digital Banks in Austria — Detailed Reviews

🥇 Editor's Choice Fees: Avg
N26
Full German banking licence. Zero fees on Standard plan, clean mobile-first experience.
4.3/5
★★★★½
Min. Deposit
€0
Commission
N/A
Time to open
~1–2 days
Regulation
BaFin (Germany) + ECB supervised
Full German banking licence. Zero fees on Standard plan, clean mobile-first experience.
Deposits protected up to €100,000 (German DGS).
Open Account → Full Review
🥈 Best Value Fees: Low
Revolut
The most popular neobank in Europe. Multi-currency account, free stock and crypto trading.
4.5/5
★★★★½
Min. Deposit
€0
Commission
0% (unlimited on Premium/Metal)
Time to open
~1–2 days
Regulation
Bank of Lithuania (EU)
The most popular neobank in Europe. Multi-currency account, free stock and crypto trading.
When you invest, your capital is at risk.
Open Account → Full Review
🥉 Best for Beginners Fees: Avg
Erste Bank
A leading platform in Austria for banks.
4.0/5
★★★★☆
Min. Deposit
—
Commission
—
Time to open
~1–2 days
Regulation
—
A leading platform in Austria for banks.
Investing involves risk of loss. Capital is not guaranteed.
Open Account →
Best for Advanced Fees: Avg
Raiffeisen
A leading platform in Austria for banks.
4.0/5
★★★★☆
Min. Deposit
—
Commission
—
Time to open
~1–2 days
Regulation
—
A leading platform in Austria for banks.
Investing involves risk of loss. Capital is not guaranteed.
Open Account →

How to Get Started with Best Banks in Austria

1

Choose a regulated platform

Pick a bank regulated by FMA or operating under an international licence. All platforms on this page qualify.

2

Open your account

Account opening is fully online. You'll need a photo ID (passport or national ID) and proof of address. Most platforms verify within 1–2 business days.

3

Fund your account

Deposit via bank transfer (free, 1–3 days) or debit card (instant, small fee). Minimum deposits vary — most top platforms start from €0.

4

Start investing

Set up your account, order a card and link your savings goals.

🇦🇹 Austria: Country Environment Blueprint

🏦
Banking Supervision & Deposit Protection
Regulators and guarantees for Austria bank customers
Primary Banking Regulator
FMA / OeNB (Finanzmarktaufsicht / Österreichische Nationalbank)
Deposit Protection
€100,000 (Einlagensicherung Austria)
Neobank Passporting
✅ EU banking licence passporting applies. N26 (Germany/BaFin) and Revolut (Lithuania/LB) can operate in Austria under EU rules.
💳
Account Types & Banking Features
What to look for in a bank account in Austria
Recommended for Most
A free current account with a Visa/Mastercard, SEPA/SWIFT transfers, and mobile app. Revolut and N26 meet this for most countries.
For Savings
Sparbuch (savings booklet) is traditional in Austria. Online savings accounts at banks and Flatex now offer better rates.
For International Spenders
Revolut or Wise — lowest FX fees, multi-currency accounts, free ATM withdrawals up to monthly limits.
🌍
FX Fees & International Transfers
Cost of moving money across borders from Austria
FX & Transfers
SEPA transfers are free within the Eurozone and low-cost across the EU. Use Wise or Revolut for non-EUR currencies.
Best for Zero-Fee FX
Revolut (free FX up to monthly limit at interbank rate). Wise (0.4–0.6% FX fee, no markup).
Traditional Bank Wire
Usually €15–€40 SWIFT fee + 2–4% FX markup. Avoid for regular international transfers.
📱
Open Banking & Digital Innovation
Digital banking landscape in Austria
Digital Banking Adoption
Zählgemeinschaft (joint bank accounts) common. George (Erste Bank's app) is highly rated. Revolut and N26 widely used.
Instant Payments
SEPA Instant available. Most EU banks and neobanks support instant EUR transfers (max €100k per transaction).

What Austria Investors Need to Know in 2026

Erste Bank's George app is among Austria's best digital banking experiences. N26 is widely used for fee-free banking.

🏠 Local Platforms to Know

GEO
Erste Bank (George) — Austria's most popular digital bank. George app rated best in market. Full-service banking.
N26
N26 — German neobank widely used in Austria. EU-passported.
🔬

How we chose these platforms

Our team opened real accounts, deposited funds and tested each platform in Austria. We evaluate regulation quality, fees (commissions, spreads, FX conversion), platform usability, customer support response times and local features specific to Austria investors. Rankings are updated regularly.

Frequently Asked Questions

What is George? +
Erste Bank's digital banking platform. Rated one of Austria's best banking apps. Available to Erste Bank and Sparkasse customers.