Best business accounts for Freelancers and Sole Traders in Austria
Snapshot
Freelancers and sole traders in Austria have low cost choices. N26 Business offers a free account in your own legal name, Wise Business suits those with foreign clients, and Qonto adds invoicing and accounting exports. Traditional banks also offer accounts for the self employed.
Suits Freelancers and Sole Traders best
Depends on needs. N26 Business suits a free simple account, while Wise Business suits working with foreign clients.
Typical monthly fee
EUR 0 to about EUR 15 a month depending on plan, as of 16 April 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 16 April 2026Last reviewed 16 April 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Freelancers and sole traders in Austria, the Einzelunternehmer, 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 Standard plan in your own legal name, Wise Business helps with foreign clients at the mid market rate, and Qonto adds invoicing and bookkeeping exports. Fees and features below are shown as of 16 April 2026, so confirm current terms with the provider.
What Freelancers and Sole Traders in Austria need from a business account
Freelancers and sole traders want to keep business and personal money apart, send invoices, and accept card payments, usually at low cost. A sole trader can often open an account in their own legal name, which is how N26 Business structures its product. Those with foreign clients benefit from multi currency handling, and those who want bookkeeping help benefit from invoicing and accounting exports. Cash services are rarely a priority.
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N26 Business
Free Standard plan in your own legal name for sole traders, with cashback on card spending. Uses your name, not a company name.
Compare accounts for Freelancers and Sole Traders in Austria
These providers accept Freelancers and Sole Traders in Austria. Fees and eligibility shown as of 16 April 2026. Confirm current terms with the provider before applying.
Questions about banking for Freelancers and Sole Traders in Austria
What is the best account for a freelancer in Austria?
It depends on how you work. N26 Business offers a free Standard plan in your own legal name, Wise Business suits freelancers with foreign clients, and Qonto adds invoicing and accounting exports. Compare the features you use and verify current terms with the provider. This is general information, not advice.
Is there a free business account for the self employed in Austria?
Yes. N26 Business Standard is advertised at EUR 0 a month for self employed people, as of 16 April 2026, with optional paid plans. Other providers offer free tiers or low monthly fees. Check current pricing with the provider before applying.
Do freelancers in Austria need a separate business account?
There is not always a legal requirement for a sole trader to hold a separate business account, but keeping business and personal money apart simplifies bookkeeping and tax. Some providers also require that personal accounts are not used for business. Confirm the rules that apply to your situation with a qualified adviser and the provider. This is general information, not advice.
Can a freelancer open an account with a foreign currency option?
Yes. Wise Business and Revolut Business let freelancers hold and convert several currencies, which helps when clients pay in foreign currency. The currencies covered and conversion costs vary by provider and plan, so verify current terms with the provider.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 16 April 2026. Confirm current terms with the provider before applying.