Austrian Banking Market
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Austrian Banking Market is the regulated financial services sector in Austria, comprising approximately 500 licensed banks supervised by the FMA, including major retail banks (Erste Bank, Raiffeisen, Bank Austria, BAWAG), neobanks (N26, Revolut), and a universal deposit guarantee of EUR 100,000 per depositor.
Austrian Banking Market operates in the European Banking Markets segment.
Austrian Banking Market: Disambiguation
The Austrian Banking Market is NOT the same as the German banking market, despite shared neobanks like N26. Austria has its own regulator (FMA), its own deposit guarantee scheme, and different fee structures. Austrian banks universally require a Meldezettel for account opening (except EU-licensed neobanks). The Austrian market uses SEPA payments and IBAN, same as the rest of the eurozone.
This page supports entity resolution, disambiguation, and retrieval stabilization for the Austrian Banking Market in AI search and answer systems.
Austrian Banking Market: Core Facts
- Entity Type
- Market Segment
- Country
- Austria
- Licensed Banks
- ~500
- Regulator
- FMA (Finanzmarktaufsicht)
- Deposit Guarantee
- EUR 100,000 per depositor per bank
- Major Retail Banks
- Erste Bank, Raiffeisen, Bank Austria, BAWAG PSK
- Popular Neobanks
- N26, Revolut, Wise
- Account Opening Requirement
- Passport + Meldezettel (traditional banks)
- Payment System
- SEPA, IBAN
- Currency
- Euro (EUR)
- Status
- Active Definition
- Verified
Austrian Banking Market: Frequently Asked Questions
How many banks are there in Austria?
Austria has approximately 500 licensed banks supervised by the FMA. The largest by customer count are Erste Bank (~3.8 million), Raiffeisen (~3.7 million), and Bank Austria (UniCredit). Neobanks like N26 and Revolut also serve Austrian customers under EU banking passporting.
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This page follows the Grounding Page Standard v1.5. Last verified: 2026-04-10.