How to open a bank account in Erste Bank AG

GSL reference about the bank What is it?

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GSL rating

Beginning of cooperation

March, 2000

Last contact

November, 2024

Last update

August, 2024

the bank opens savings (deposit) accounts;
visit to the bank is required;
minimum account balance – from EUR 500 000;
the term for opening an account – case by case (check with the consultant);
to open an account, you need to contact Austria (office in Austria or Austrian clients)

GSL rating

Beginning of cooperation

March, 2000

Last contact

November, 2024

Last update

August, 2024

Поиск консультанта...

+44 0 207 822 85 93

General information and rating

98

Global rating

2

Countrywide rating

—

Countrywide rating of the head bank

—

Global rating of the head bank

Year of foundation

1819

History

The oldest savings bank in Austria, it was founded in 1819. In 1997 Die Erste österreichische Spar-Casse Bank AG, established 1819 as the oldest savings bank in Austria and GiroCredit merged into Erste Bank der oesterreichischen Sparkassen AG. In August 2008 the company changed into the holding company Erste Group Bank AG and the Austrian business of Erste Bank der oesterreichischen Sparkassen AG was separated from the newly founded holding company.

Erste Group Bank AG is the second largest banking group in the country and the lead bank of the Austrian savings banks group. Through its acquisitions in Central Europe region, the bank is now one of the leading retail banks in Central Europe

Personnel

Speaks English, German, and Polish

Bank’s shareholders

ERSTE Foundation -11,41%; Savings Banks & Savings Banks Foundations - 6,83%; Other Syndicated - 3,08%; CaixaBank - 9,92%; Institutional Investors - 52,18%; Retail Investors Austria - 4,00%; Employees - 0,74%; Identified Trading - 2,02%; Unidentified - 9,82%

Confidentiality

Double Taxation Agreement with Russia is signed; AML legislation is strictly observed; Active member of OECD, FATF, Basel Commitee, Egmont Group etc.

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Minimum requirements

500 000

Minimum balance, €

No restrictions

Transactions permitted per month

500 000

Initial deposit of funds, €

1

Deadline for the initial deposit, month

Minimum balance, €

The bank requires a minimum balance of EUR 500 000

Transactions permitted per month

The number of monthly account transactions is not limited

Initial deposit of funds, €

Down payment equals minimum balance

Deadline for the initial deposit, month

Down payment equals minimum balance

Minimum turnover, €/year

The minimum annual turnover is EUR 10 000 000

How fast payments are executed

Value date - second day. Transaction day ends at 12.00 Moscow time

Tariffs and services

100

Outcoming transfer, €

100

Incoming transfer, €

200

Account maintenance, €/year

N/A

Payment limit for credit cards, €/day

Outcoming transfer, €

The transfer fee is 0,2% of the amount, but not less than EUR 10

Incoming transfer, €

The charges on incoming transfers are 0,2% of the amount, but not less than EUR 10

Account maintenance, €/year

The account maintenance fee is 0,035% of most of the revenue per quarter (minimum 24,20 EUR)

Distant access to the account

Online banking

Financial products

In its core business – deposit and loan banking – it is focused on private customers, companies and the public sector. Apart from 797 branch offices, the network includes more than 100 specialized advisory centers for residential construction financing, commercial clients, start-ups and private banking clients

Account opening procedure

Days to open for incoming transfers

Case by case

Days to open for outcoming transfers

Case by case

References

Not necessary

Purpose of the account

Savings & current

Visit to the bank

Оbligatory

Required

Copy of international passport. Certificate of Good Standing is required (not older than 3 months) for companies incorporated more than 6 months ago. Additional documents may be requested

Types of accounts

Savings; Current

Chances to open an account

Predictable

Business description

Very detailed business description: how the business was established and where it stands now, origin of funds, details of biography and contact details of the beneficial owner of the account

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