Multiple first-hand reports show N26 works well for expats in Austria. One user used N26 as their only bank for their entire stay due to zero monthly fees. A US citizen colleague had no problems opening an account. Some Austrian businesses (e.g. Magenta telecom) or elderly sellers on Willhaben may refuse non-Austrian IBANs despite SEPA regulations. One user reported spam after signing up, but others could not confirm this.

A student successfully deposited €5000 cash at Erste Bank via ATM without any source-of-funds questions. The user recommends Erste for students needing to deposit cash, noting excellent online banking and many physical locations.

A US citizen who had been a Bank Austria customer for 20 years had their account suddenly closed. The bank refused to disclose the reason, citing a clause in their terms allowing unilateral closure. The user strongly advises avoiding Bank Austria.

A user reports paying nothing at Easybank. Another commenter whose friend works at BAWAG customer service confirmed that Easybank offers limited support because it is free - customers who complain about service chose the budget option.

Mentioned as a free option for those with at least 700€ monthly incoming. German IBAN but legally accepted across Austria under SEPA. The user who mentioned this has a German IBAN themselves and has had no issues except with Magenta telecom which required an in-store visit.

Erste Bank requires in-person visit with registered Austrian address. US citizen users confirm they were accepted after providing ID and signing IRS consent forms. Joint accounts for mixed EU/US couples also work smoothly.

Multiple users advise avoiding Raiffeisen. Described as 'expensive as hell' with high fees and continuing business operations in Russia. One user noted that rural Raiffeisen banks still charge for number of transactions on statements, an outdated practice.

A user warns not to get an Oberbank account because the prices are 'just insane'. No specific fee amounts were given but the warning was emphatic.

A user reports paying 10€/month at BAWAG for full functionality, considering this a reasonable middle-ground option. BAWAG also owns Easybank (the budget digital arm).

Recommended for expats who need to receive money before arriving in Austria. Can be opened from abroad and used like a regular bank account within Austria. Particularly useful for US-Austria transfers where traditional bank wires are very expensive.

An Austrian user reports Easybank works great with smooth features and zero cost. However, other users note it is nearly impossible for foreigners due to circular documentation requirements and very poor English customer service. The free model requires regular salary deposits.

Overwhelmingly negative first-hand reports. Users describe Bank Austria as expensive with no customer service and a terrible app. One long-term US citizen customer had their account closed after 20 years with no reason given. Fee structure is opaque and can include per-transaction charges, leading to unexpected 60€ quarterly bills. Multiple users switched away and recommend others avoid it.

An Austrian citizen reports using Revolut exclusively for all banking needs, considering it sufficient. Another user notes it as a recommended option alongside N26 for new arrivals. Combined with Wise for larger transfers, it covers most banking needs.

Multiple first-hand reports describe Erste Bank as reliable for new residents, with good English support, the best banking app (George), and reasonable fees around 3-4€ per month. US citizens can open accounts but must complete FATCA paperwork. Users moved from Bank Austria to Erste reported much better service. Cash deposit via ATM works easily up to 10k without source questions.

Mentioned as a free online-only Austrian bank with Austrian IBAN, alongside Dadat and Easybank. Good for avoiding fees while keeping an Austrian IBAN.

Recommended as a free online-only Austrian bank for those who want an Austrian IBAN without paying fees, alongside Bankdirekt and Easybank.