If you are looking to have an extended stay in Austria then you are bound to need a bank account. Find out how you can open a free bank account in Austria.
Austria is considered to be one of the best developed countries of Europe. The Austrians have strived long and hard to establish a viable infrastructure for the progress of society. Today the Austrian social structure is looked upon as a model society by many others around the world. Needless to say there are many things in Austria that may motivate an individual to stay there. If you happen to be one of those individuals who have been intrigued by the Austrian lifestyle and intend to stay there for longer then you are bound to need a bank account.
Roaming international lands without having a bank account can be very inconvenient in these times. Let alone the inconvenience it is downright unsafe to be traveling with your cash in hand. The need for having a bank account is further heightened when you intend to stay there for a longer period of time.
Opening a bank account for free
For the interested individual opening a bank account is not such a difficult task. The difficult task is to choose the right bank for opening the account. The variety of choice is bound to confuse the interested individual with each bank trying to reach out to the masses through advertising. Since each bank will be offering you different services you need to analyze what works best for you and then make your decision.
It is generally assumed that you need some sort of a minimal capital in order to open an account in a bank. There are however certain banks that will allow you to open a bank account for free in Austria. They have developed these services to aid the travelers looking to stay there for longer periods of time.
Such a service comes in very handy as the travelers get a chance to open a bank account prior to having money deposited into their account. People who are expecting to receive a certain amount of money in the future but fear they wont have time to open a bank account at that stage can opt for this service. This way they will not have to go to the bank in order to have their account opened at the time they receive the money.
Things you need
Banks will require you to show them some sort of proof of identity. A passport, an ID card or some sort of proof of residence in Austria will suffice. A current account in Austria will let you avail many beneficial services that the bank has to offer.
This includes the facility to draw money through your EC card from a wide range of ATM’s which don’t necessarily have to belong to the bank in which you have an account. You can also make money transfer transactions on both a local and international level. Then you have a range of other features at bay such as the opportunity to pay your bills through direct debit, issuing standing orders and internet banking facilities.