Bank Account for Students: Analysis, Advantages, and Top Choices Compared
In the pursuit of a financially savvy student life, understanding the best bank account offers in Austria is essential. While specific 2022 offers were not found in our search, we've gathered information on various student bank accounts available in Austria, as of mid-2025.
One notable contender is N26, a digital bank offering services in Austria. Known for its student-friendly features, N26 accounts provide protection of up to €100,000 under the German Deposit Guarantee Scheme, instant digital access, overdraft facilities up to €10,000, and mobile app support in multiple languages, including German, which is relevant for Austria.
Another key player in Austrian banking is Raiffeisen Bank International. While no specific student offers are detailed, they are a primary option for students seeking traditional banking services in Austria.
A student bank account is a giro account designed specifically for students, offering benefits such as no or low fees, special offers, and discounts. Let's delve into some of the most popular student bank account offers in Austria:
- Bank Austria offers a free student bank account until the age of 30, with benefits including a signing bonus and discounts for tickets. The debit interest for this account is 0%, and the credit interest is also 0%.
- BAWAG PSK provides a free student bank account until the age of 27, including account costs, bank card, and online banking. The bank account offers SparBox Flex, edustore & educome signing bonus, and discounts for the jö club. The debit interest for this account is 10%, and the credit interest is 0%.
- Volksbank offers a student bank account for students under 27, with benefits including bonus points, a free debit card, and a credit card. The debit interest for this account is 8%, and the credit interest is not specified.
- Oberbank offers a free student bank account until the age of 26, with benefits including the Oberbank App. The debit card for this account is gold, and the debit interest is 7.75%.
- Erste Bank & Sparkasse provides a free student bank account until the age of 27, including all costs for the bank account, transactions, and online banking.
For precise, up-to-date 2022 offers, checking directly with major Austrian banks like Raiffeisen, Erste Bank, or UniCredit Bank Austria or consulting local financial websites would be recommended.
In summary, while specific 2022 best student bank offers in Austria were not identified, N26 and Raiffeisen are major relevant providers, and typical student accounts include fee waivers and student-specific perks. To find the best account for your needs, it's essential to compare offers and consider factors such as fees, interest rates, and additional benefits.
In the Austrian banking sector, both N26 and Raiffeisen Bank International are notable for catering to students. N26 stands out with student-friendly features, such as digital access, overdraft facilities, and protection under the German Deposit Guarantee Scheme. On the other hand, Raiffeisen Bank International, while not detailing specific student offers, is a preferred option for students seeking traditional banking services in Austria.
