Consultants and advisory firms in Austria can open a business account easily. Sole trader consultants often use N26 Business in their own legal name, while Wise Business and Revolut Business suit those billing foreign clients. Traditional banks offer branch based accounts for larger practices.
Suits Consultants best
Depends on needs. N26 Business suits self employed consultants who want a free simple account, while Wise Business suits billing foreign clients.
Typical monthly fee
EUR 0 to about EUR 20 a month depending on plan, as of 7 May 2026.
Non resident position
Possible with full checks. Neobanks may need an EEA address or local registration. Unclear cases, verify with the provider.
Providers that fit
Several. At least five providers accept this profile in Austria.
Fees and features as of 7 May 2026Last reviewed 7 May 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Independent consultants in Austria usually want a low cost account that separates business income, with simple invoicing and a card. Many do not handle cash and some work with foreign clients. N26 Business offers a free account in your own legal name for sole traders, Wise Business helps bill abroad at the mid market rate, and Revolut Business bundles cards and expense tools. Fees and features below are shown as of 7 May 2026, so confirm current terms with the provider.
What Consultants in Austria need from a business account
Consultants invoice clients, often travel, and value a clean separation between business and personal money. The useful features are a simple account that matches their legal form, easy invoicing and card payments, and low cost foreign currency handling where clients are abroad. Cash services are rarely needed. A sole trader consultant can often open an account in their own legal name, while a firm structured as a company opens in the company name.
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N26 Business
Simple account in your own legal name for sole traders, with a free Standard plan. Uses your name, not a company name.
Questions about banking for Consultants in Austria
Can a self employed consultant open a business account in Austria?
Yes. Sole trader consultants, the Einzelunternehmer, can open a business account in their own legal name with providers such as N26 Business, or a company account where they trade through a GmbH. Requirements and acceptance vary, so verify with the provider before applying. This is general information, not advice.
Is there a free account for consultants in Austria?
N26 Business Standard is advertised at EUR 0 a month for self employed people, as of 7 May 2026, with optional paid plans. Other providers offer free tiers or low monthly fees. Company accounts at traditional banks usually carry a fee. Check current pricing with the provider.
Which account is best for billing foreign clients?
Wise Business and Revolut Business hold and convert several currencies, which helps consultants invoice clients abroad and reduce conversion costs. The included allowances and foreign exchange terms differ by provider and plan. Verify current terms with the provider before applying.
Can I put my company name on an N26 Business card?
N26 Business accounts for self employed people use your own legal first and last name, not a company name on the account or card, as of 7 May 2026. If you need the company name on the account, a company structured account at another provider or a traditional bank may fit better. Confirm with the provider.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 7 May 2026. Confirm current terms with the provider before applying.