EasyBank

This review covers easybank, the Austrian direct bank brand of BAWAG P.S.K. (BAWAG Group); institutions with similar names exist in other countries and have different terms. easybank operates without branches and focuses on online and mobile delivery, offering current accounts, savings products, debit and credit cards, consumer loans, and a brokerage platform developed after the integration of Hello bank! Austria. Accounts come with an Austrian IBAN, support SEPA transfers, and provide app- and web-based management with PSD2 strong customer authentication; international transfers outside SEPA are available under separate conditions and fees. Card usage, including cash withdrawals in the euro area and transactions abroad, is subject to the pricing of the selected package and to network and foreign exchange charges where applicable. The brokerage service enables trading in equities, ETFs, funds, and other listed instruments on domestic and selected foreign markets, with order, custody, and ancillary fees set by tariff. Pricing across accounts, cards, and investments is tiered and subject to change; applicants should review the current fee schedule, terms, and interest rate information before proceeding. Deposits are protected up to €100,000 per depositor under the Austrian deposit guarantee scheme (Einlagensicherung AUSTRIA GmbH) because easybank operates under BAWAG P.S.K.’s banking license; investment products are not covered by deposit insurance and involve market risk. Eligibility and identification processes are primarily designed for Austrian residents, and availability for non-residents may be limited. Customer service is provided via online channels and a call center during published hours. Interest rates on deposits and loans follow market conditions and individual credit assessments, and any promotional rates are time-limited. Prospective customers should confirm limits, foreign exchange spreads, ATM network policies, and app capabilities for their use case, and check for constraints on cash deposits, check handling, and high-value transfers.