Credit and Financial and Banking Systems in Austria

On January 1, 2002 in Austria, as in all EU countries, as a means of payment received the euro and the role of shillings lost their national currency. In terms come from the ratio of 1 euro = 13.7603 Austrian schillings. Free exchange schillings for euro may be at the National Bank of Austria. Address of the National Bank in Vienna: Vienna, Otto-Wagner-Platz 3.

Opening hours of banks in Austria, Monday, Tuesday, Wednesday and Friday - from 8:00 to 12:30, 13:30 to 15:00, and Thursday - 8:00 to 12:30 and from 13:30 to 17:30.

At the head of credit and financial system in Austria is the Austrian National Bank. Sophisticated banking law gives priority to the interests of clients, providing strict punishment of any level of bank employees for disclosing secrets to third parties. The contribution may be provided to third parties upon written application from the customer or at the request of the court only in connection with an investigation of the case.

Tax evasion is not a basis for the disclosure of bank secrecy. An alien who has arrived in Austria on a tourist visa for a period of three months or less, when you open a bank account for a large amount, may be asked to provide identification.

The bank will register the name, nationality and passport number, but this information is confidential by law. In order to protect customer investment Austrian banks are obliged to insure. This applies to all contributions, whether Austrian or a foreigner, they are made.The most excellent Swiss banking system.What does a European banking system?