Austria’s Consumer Payment Accounts Act entered force in Austria on 18 September, bringing with it a number of advantages for consumers. The Act which transposes European Directive 2014/92/EU – known as the Payment Accounts Directive (PAD) into Austrian law means that a Basic Payment Account (known as a Basiskonto or a Jedermann-Konto) is now available,…
Tag: money
Unnecessary fees and skimming risks when withdrawing cash from ATMs in Vienna
There has been a lot of reporting in the Austrian media recently about some ATMs charging for cash withdrawals from Austrian accounts (non-Euro denominated accounts have always been subject to some kind of fees). Fortunately not all ATMs charge – the most widely-spread ones (Bankomat) with their distinctive blue and green logos are not charging…