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Deposits & Withdrawals:

What is the best way to deposit money on my Austrian bank account?

Answer: The best way to deposit money on your Austrian bank account depends on you:

The fastest, cheapest and most secure way is a bank transfer. You give the bank where the money is presently the details of your Austrian bank account and the money gets there in a few days. But this way of depositing money is not private.
The most private way is to bring cash at the bank in Austria. This is obviously more expensive since you have to come to Austria, it takes more time and is less secure. You will also need to make sure that you bring enough evidence of the legal origin of the funds. The requirements are even more stringent when you bring cash.
Notes:

Traveller's cheques are secure and can be cashed immediately, but they need to be deposited in person.
A cheque is the same as a bank transfer in terms of privacy but it much slower and more expensive. You can do it but if you have a choice it is not the recommended way.
Can a bank that issues traveler' checks find out where they have been cashed?

Answer: The issuing bank can find out where the traveler's checks were cashed. In fact, you must always reveal your identity when making a purchase. Since each check is identified by a unique number, it is theoretically possible to trace it. In practice, however, this type of search is rarely carried out, at least not systematically.

Can I deposit with a Current money order ?

Answer: There is no limitation in Austria we are aware of to receive money on your Austrian bank account from a Current money order. However, you need to check that the Current system in your country allows you to send money to a bank account in some other country.

Can I deposit money on my Austrian bank account with Western Union ?

Answer: Western Union's services are for individuals who wish to transfer money to individuals. As far as we know it is not possible to use it to deposit money on a Austrian bank account.

 

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The new BAWAG is a bank for private and business customers who expect exceptionally high service and consulting quality. Highly qualified advisors offer first-rate solutions tailored to meet the customer's specific needs from a broad product portfolio. BAWAG's products and services are an excellent value for the money, and the bank sets itself apart from its competitors by focusing more on meeting its customers individual needs.