Is OFX available for business in Austria?

Availability

OFX for business in Austria: Available with limits

Key eligibility: A registered business that passes OFX verification. OFX onboards business customers across the European Union, including Austria, through OFX Payments Ireland Limited
Non resident position: A business registered in Austria can register with OFX. OFX serves businesses across the European Union and many other markets
Local currency support: Multi currency payments in 30 or more currencies, with local bank details available in currencies including euro, United States dollars and British pounds. OFX is a money transfer and payments provider, not a local Austrian deposit bank account
Headline monthly fee: No monthly account fee on the standard service. OFX makes its margin on the exchange rate, and transfer fees vary, as of 23 March 2026

Availability and fees as of 23 March 2026Last reviewed 23 March 2026

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

As of 23 March 2026, OFX serves business customers in Austria, with limits. A business registered in Austria can register with OFX for international payments and a Global Business Account that holds multiple currencies. OFX is a money transfer and payments provider regulated in Europe by the Central Bank of Ireland, not a local Austrian deposit bank account, so it is usually used alongside a local account. Verify the current position with the provider.

Does OFX serve business customers in Austria?

Yes, as a payments provider. OFX is a global money transfer company that serves businesses across the European Union, including Austria, with its European entity OFX Payments Ireland Limited regulated by the Central Bank of Ireland. It offers international payments to many countries and a Global Business Account that can hold and convert more than 30 currencies, with local bank details available in currencies such as euro, United States dollars and British pounds. It is a payments account rather than a licensed local deposit bank account, so businesses in Austria typically use it alongside a local bank account. As of 23 March 2026.

Eligibility for businesses in Austria

OFX onboards registered businesses and verifies the business and its owners. Austria is within its supported European markets, served through OFX Payments Ireland Limited. The older OFX Global Currency Account is being phased out for new clients, with the Global Business Account offered instead. Confirm which currencies, local details and features are available to your business with OFX as of 23 March 2026. Verify with the provider

What it costs locally

OFX does not charge a monthly account fee on its standard service, and it makes most of its money on the exchange rate margin applied to conversions. Transfer fees can apply depending on the amount and corridor, and the available local bank details depend on the currency. There is no local Austrian account fee because it is a payments account rather than a local bank account. As of 23 March 2026. As of 23 March 2026

What local users report

Austrian businesses that pay overseas suppliers or invoice foreign clients commonly use OFX for larger transfers and to hold several currencies, then settle to a local euro account. Reviews tend to note competitive rates on larger transfers and the role of the exchange rate margin as the main cost to watch. As of 23 March 2026, confirm current rates and fees with the provider.

How to open OFX for business in Austria

Register a free OFX account online for your Austria registered business and complete the verification checks
Set up the currencies and local bank details you need within the Global Business Account
Once approved, fund the account and make international payments or hold and convert currencies