Bank account


Opening hours vary from bank to bank. In general, the following timetable can be used as a guideline:
Mo, Tu, We, Fr 8.00 am – 12.30 pm and 1.30 pm – 3.00 pm,
Th 8.00 am – 12.30 pm and 1.30 pm – 5.30 pm.

Exchanging money is possible without any identification at every Austrian bank. In most cases you have to pay a
fee. You need a passport for identification to exchange travellers cheques. All banks accept cheques but charge a fee.

A cash card ("Bankomatkarte") allows you to withdraw money from any cash machine in Austria from your account in your home country (if it features the Maestro or Cirrus symbol). Ask at your bank whether you have to pay a fee for this service. Credit cards (Visa and MasterCard) are accepted in most of the major stores.

Opening a Bank Account
Most banks offer free bank accounts for students. To open an account, in most banks you need your passport and your student I.D. Students older than 25 might have to provide proof of university registration ("Studienbestätigung").

Cost of Living
During their stay in Vienna, most of the exchange students need about €800 to €1300 per month.

Price examples
TÜWI offers meals from €4; a coffee is usualy around €3; a beer (0,5l) is around €3,50 a cinema ticket is €8.