How to open a business account in Austria, steps and requirements

Snapshot

To open a business account in Austria you register the business, obtain a UID and a tax number, gather identity documents for the owners and signatories, then apply online or in branch. A company registers in the Firmenbuch through a notary, while a sole trader registers the trade. Online accounts can onboard in a few business days, while traditional banks can take longer.

Core documents: Firmenbuch extract for a company or the trade registration, the UID or tax number, plus identity for owners and signatories
Typical timeline: Often a few business days for online accounts, longer for traditional banks
Can a non resident open: Possible where the business is registered in Austria. Identity checks apply to all owners. Verify with the provider.
Most providers: Multiple business accounts

Fees and features as of 6 February 2026Last reviewed 6 February 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

Opening a business account in Austria generally means registering the business, getting a UID and a tax number, then verifying the identity of owners and signatories. As of 6 February 2026, online accounts such as Wise Business, Qonto, Revolut Business and Finom can onboard within a few business days for a registered Austrian business, while traditional banks such as Erste Bank, Raiffeisen and Bank Austria may need more steps and can also handle the GmbH formation deposit. Confirm current requirements with the provider.

The steps to open a business account in Austria

The process follows a familiar order. Register the business and its tax identifiers, choose an account that fits how you trade, prepare the documents, then complete identity verification. The detail and the timeline differ between online accounts and traditional banks, so confirm the current process with the provider you choose.

Register the business and tax identifiers

A sole trader registers the trade where a licence applies, while a company is set up through a notary and entered in the Firmenbuch. After registration you obtain a tax number and a UID, the Austrian VAT identification number in the format ATU followed by eight digits. As of 6 February 2026, proof that the business exists is commonly required to open an account, so complete registration first. For a GmbH, the share capital is deposited and confirmed by a bank before the Firmenbuch entry. Verify the requirements with the provider.

Prepare documents and verify identity

Gather identity for owners and signatories, the Firmenbuch extract or trade registration, the UID or tax number, and proof of the business address. Banks and fintechs run anti money laundering checks. As of 6 February 2026, online onboarding is usually digital, while traditional banks may ask a signatory to verify identity in person. Confirm the current document list with the provider.

What you usually need to apply

Before you apply for a business account in Austria, prepare these items, as of 6 February 2026. Verify with the provider

The Firmenbuch extract for a company, or the trade registration for a sole trader, plus the UID or tax number.
Identity documents for owners, beneficial owners and account signatories.
Proof of the business address in Austria and details of how the business operates.

How to open the account

Register the business and obtain the UID and tax number, and complete the GmbH capital deposit where relevant, before you apply.
Choose an account that matches your transactions, currencies and team needs.
Complete the application and identity checks, then confirm the current requirements and timeline with the provider.

Compare business accounts available in Austria

These providers accept business customers in Austria and onboard online. Fees and eligibility shown as of 6 February 2026. Confirm current terms with the provider before applying.

Compare business accounts →

Questions about business banking in Austria

What do I need to open a business account in Austria?

You usually need proof that the business exists, a Firmenbuch extract for a company or the trade registration for a sole trader, the company UID or your tax number, identity documents for the owners and signatories, and proof of the business address. As of 6 February 2026 the exact list varies by provider. Confirm the current requirements before you apply.

How long does it take to open a business account in Austria?

Online accounts such as Wise Business, Qonto and Revolut Business can often onboard within a few business days once the company is registered and identity is verified. Traditional banks can take longer, sometimes a few weeks for complex structures. As of 6 February 2026 timelines vary. Confirm with the provider.

Do I need to deposit GmbH capital before opening an account?

To form a GmbH you deposit the share capital and a bank confirms it before the Firmenbuch entry. As of 6 February 2026 the minimum share capital is EUR 10,000, with at least EUR 5,000 paid in. Many fintech accounts open only after the company is registered, so a formation deposit is often handled at a traditional bank. Confirm the route with the provider and a qualified adviser.

Can I open a business account online in Austria?

Yes. As of 6 February 2026, providers such as Wise Business, Qonto, Revolut Business and Finom onboard online for a registered Austrian business, and some traditional banks offer online applications for simple cases. Confirm the current process with the provider.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 6 February 2026. Confirm current terms with the provider before applying.