Send Money To Austria

Updated on September 13, 2020
Personal
Business
From
United States Flag
United States
USD
To
Austria Flag
Austria
EUR
1 USD equals
0.845 EUR
09/13/2020 5:19 PM UTC
 
How much to transfer?
$1-1k
$1k-10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
OFX Logo
  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers
$
$
$

low

Fees
87
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank transfer
  • Debit card (UK only)
  • BPAY (Australia only)
  • Direct debit (U.S. only)

Features

  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for personal transfers
  • Circle Check Icon
    Get competitive exchange rates
  • Circle Check Icon
    Lets you schedule transfers with ease
  • Circle Check Icon
    Trading in some currencies possible only over the phone
  • Circle Check Icon
    Website access only in English

TorFX Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Forward contracts
  • Check Icon
    Limit and stop loss orders
  • Check Icon
    Travel money solutions for UK residents
$
$
$

low

Fees
72
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank transfer
  • CHAPS (UK only)
  • BACS (UK only)
  • Visa debit card (UK only)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Forward contracts
  • Check Icon
    Limit and stop loss orders
  • Check Icon
    Travel money solutions for UK residents

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for one-off transfers
  • Circle Check Icon
    Schedule transfers between £500 and £10,000 per month
  • Circle Check Icon
    Use hedging tools to protect yourself against FX fluctuations
  • Circle Check Icon
    No multilingual website

XE Money Transfer Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service
$
$
$

low

Fees
74
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank Transfer
  • BPAY (Australia)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    No fees for personal transfers
  • Circle Check Icon
    Accepts payments in several currencies
  • Circle Check Icon
    Target specific rates using limit orders
  • Circle Check Icon
    No debit or credit card payments
  • Circle Check Icon
    No scheduled transfers

WorldRemit Logo
  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website
$
$
$

medium

Fees
63
Speed Icon

fast

1-2 days

Less Information
+

Transfer Options

  • Bank Transfer
  • Debit / Credit card
  • Google / Apply Pay
  • POLi (Australia)

Features

  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

medium

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    Transfers to cash pickup locations
  • Circle Check Icon
    Transparent rates and fees
  • Circle Check Icon
    Low minimum transfer amount
  • Circle Check Icon
    No hedging tools
  • Circle Check Icon
    No scheduled transfers

Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    +

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For


      Currencies Direct Logo
      • Check Icon
        Forward contracts and limit orders
      • Check Icon
        Scheduled transfers
      • Check Icon
        Travel money solutions for residents of the UK
      • Check Icon
        Multilingual website
      $
      $
      $

      low

      Fees
      84
      Speed Icon

      medium

      2-3 days

      Less Information
      +

      Transfer Options

      • Bank transfer
      • Debit card

      Features

      • Check Icon
        Forward contracts and limit orders
      • Check Icon
        Scheduled transfers
      • Check Icon
        Travel money solutions for residents of the UK
      • Check Icon
        Multilingual website

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      low

      Fees
      Speed Icon

      medium

      2-3 days

      Best For

      • Circle Check Icon
        Schedule transfers easily
      • Circle Check Icon
        Make use of hedging tools
      • Circle Check Icon
        Accepts customers from most countries
      • Circle Check Icon
        Cannot sign up from all states in the U.S.

      TransferWise Logo
      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app
      $
      $
      $

      low

      Fees
      75
      Speed Icon

      fast

      1-2 days

      Less Information
      +

      Transfer Options

      • Bank Transfer
      • Credit Card
      • Debit Card
      • Country specific alternatives

      Features

      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      low

      Fees
      Speed Icon

      fast

      1-2 days

      Best For

      • Circle Check Icon
        User friendly mobile app
      • Circle Check Icon
        Multi-currency account
      • Circle Check Icon
        Travel debit card
      • Circle Check Icon
        No scheduled transfers
      • Circle Check Icon
        No dedicated account manager

      How to send money to Austria

      How To Step Icon
      Step 1
      Research, select, sign up
      Research, select, sign up
      Take time to review the top companies that let you send money to Austria. Prepare a shortlist and run a side-by-side comparison to select the best alternative.
      Sign up as an individual or businesses by providing all the information your service provider requires.
      This usually includes your name, contact details, and details from your driver's license or passport.
      How To Step Icon
      Step 2
      Assess exchange rates, set up the transfer
      Assess exchange rates, set up the transfer
      Assess existing and historical EUR exchange rates to determine if you should send money to Austria now or wait for some time. 
      Setting up your transfer requires getting a rate quote from the company you select. Remember that the amount you wish to send might affect the rate you get.
      You may lock the offered rate by accepting the quote.
      Then, you need to submit the recipient's Austrian bank account details.
      How To Step Icon
      Step 3
      Paying, transferring, tracking
      Paying, transferring, tracking
      Use any of the payment methods on offer and pay for your transfer. Once your payment reaches your service provider's bank account, it will transfer money to Austria.
      Just how long it takes for the funds to reach the recipient's bank account depends on multiple factors.
      Tracking your transfer is possible by visiting your service provider's website. Many companies also send email/text notifications.

      Currency Symbol and Swift Codes

      From 1925 to 2002, the Austrian schilling (ATS) was used as the official currency in Austria, although the German Reichsmark was declared legal tender between 1938 and 1945. Form 2002, the euro (EUR) has been used as the legal currency in Austria. The euro is divided into 100 cents.

      If you plan to transfer money to an Austrian bank account, the details you will need include:

      • The recipient’s complete name
      • The recipient’s account number
      • The receiving bank’s name
      • The receiving bank’s IBAN and Swift/BIC Code

      Given below are SWIFT codes of some popular Austrian banks:

      BANKBRANCHSWIFT CODE
      UniCredit Bank Austria AGViennaBKAUATWW
      Raiffeisen Bank International AgViennaRZBAATWWPOP
      Volksbank International AgViennaVOINATW1XXX
      Erste Group Bank AgViennaGIBAATWGXXX

       

      Case Study

      Julia moved to Switzerland because of work but her mother and younger brother continued living in Austria. Since they depended on her financially, it was upon her to keep sending them money regularly. She used a prominent Swiss bank for the first three months, and it was only upon the insistence of a co-worker that she decided to compare her alternatives. This is what she found.

       BANKMONEY TRANSFER SERVICE
      Exchange rateCHF 1 = EUR 0.8425CHF 1 = EUR 0.8674
      Transfer feeCHF 5CHF 0
      Amount received for CHF 2,000EUR 1,680.78EUR 1,734.80
      Transfer time3 to 5 days1 to 2 days
      Transfer optionsBank accountBank account
      Difference of EUR 54.02

      Choosing the money transfer company over her bank ensured that Julia’s mother received a little extra money each month, and it got to her sooner. In addition, the money transfer company gave Julia the option of scheduling her transfers in advance and even locking in exchange rates when they seemed favorable.
       

      Cash Pickup Locations in Austria

      If the recipient is in quick need of the money you plan to send to Austria, turning to a company that has cash pickup locations is your best bet. Companies such as Western Union, MoneyGram, and Ria have a physical presence in this country.

      WESTERN UNION IN AUSTRIA 
      Vienna Interchange Stephansplatz 9 Wien, ViennaPostamt 1010 Fleischmarkt 19, Vienna
      Graz Postamt 8010, Neutorgasse 46, GrazPostamt 8016, Gleisdorfergasse 4, Graz
      MONEYGRAM IN AUSTRIA 
      Vienna Green Call, Steinbauergasse 1, ViennaIpsun Kettenbruckengasse 18 / 2, Vienna
      Graz B.F.S. Afro Shopping Center, Eggenberger Strasse 46, GrazInternational Telephon Discount, Griesplatz 11, Graz

       

      Safety Tips for Picking up Cash in Austria

      Austria has low levels of crime, although you should exercise some caution. There have been instances of pick pocketing in and around cafes, restaurants, hotel lobbies, shopping areas, tourist attractions, train stations, and public transposition. Take basic precautions when collecting money from a cash pickup center, and if you plan to receive a large sum consider taking someone you trust along.

      Keep your belongings within your sight at all times. Be particularly vigilant if you take a night train into or out of the country.
       

      What Information Do I Need to Send Money to Austria?

      The transfer method you choose had a bearing on the required information.

      • Bank account. You will need to provide the recipient’s complete name, a bank account number, the receiving bank’s name, as well as the receiving bank’s SWIFT/BIC code and IBAN.
      • Cash pickup location. The information needed in this case limits to the recipient’s name and a desired cash pickup up location. To collect the transferred money, the recipient will need to provide a reference number along with an acceptable form for identification document.

       

      Regulations When Transferring Money to and From Austria

      Austria does not have its own set of regulations surrounding currency control, and transfers to and from the country are governed by the European Central Bank’s single monetary policy. Österreichische Nationalbank (Austria’s central bank) oversees payment systems to make sure that the country’s financial sector remains stable.

      There are no restrictions of moving money in or out of the country, no matter whether you’re a resident of the country or not. However, transfers of more than €10,000 need to be declared to relevant European Union authorities.

      While Austrians are taxed on income they earn outside the country, Austria has treaties with several other countries to avoid instances of double-taxation.

      Convert USD to EUR

      Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
      USD
      EUR
      Sending money online through specialist money transfer companies.

      Expect to receive between €83.61 and €84.12 when sending money from USD to EUR at today's exchange rate.

      Compare that to sending money overseas through retail banks. Expect to receive approximately €80.23, not including additional banking fees. That is an average saving of €3.63.
      Currency exchange rate in the last 30 days

      Need more information?

      Read useful guides on international remittance and more detailed reviews on the best money transfer services.

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