Erste Bank review
Updated September 28, 2026 · ForgeCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Erste Bank suits businesses that want a plain Austrian business account with a low starting fee. The business account runs from €10.41, and a free plan is offered, which keeps the entry price easy to justify.
Key facts
- Best for
- Austrian businesses wanting a straightforward business account with a low starting fee.
- Price from
- €10.41 (Source, checked September 26, 2026)
- Free plan
- Yes (Source, checked September 26, 2026)
- Usage limits
- gratis Kontofuehrung bis 27. Geburtstag (Source, checked September 26, 2026)
- Legal entity
- Erste Bank der oesterreichischen Sparkassen AG (Source, checked September 26, 2026)
- Headquarters
- Austria (Source, checked September 26, 2026)
- Support channels
- Email, Phone (Source, checked September 26, 2026)
- Audience
- Small business, Enterprise
- Official website
- sparkasse.at
Pros and cons
Pros
- Business account fees start low at €10.41
- A free plan is available
- Support covers email and phone
- Built for small business and enterprise
Cons
- Support runs on email and phone only, with no in-app help centre listed
- The account is tied to Austria, since the bank is headquartered in Austria
- The free plan terms run on a usage limit: gratis Kontofuehrung bis 27. Geburtstag
Ready to try Erste Bank?
Scored 9.2 / 10 by ForgeCue.
Who it suits
- Small businesses in Austria that want a plain current account
- Firms that only need email and phone support
- Businesses priced on the starting monthly fee
Who should look elsewhere
- Anyone comparing with Novo, which lists no starting fee at all
- Teams that want live chat or a self-serve help centre
- Businesses outside Austria needing a locally domiciled account
The company behind it
Erste Bank is run as Erste Bank der oesterreichischen Sparkassen AG, headquartered in Austria, so the account is a domestic Austrian product rather than a global platform. It is built for small business and enterprise. Support comes through email and phone, which covers written and spoken help but no live chat.
How Erste Bank compares
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Frequently asked questions
How much does an Erste Bank business account cost?+
The business account starts at €10.41. That is the entry figure, and it sits below the starting fees of Vantage at $30 and myGreekTax at €69. Novo lists $0 as its starting fee.
Is there a free plan?+
Yes, a free plan is offered, so you can hold an account without paying a monthly fee. The free offering is not unlimited everywhere: usage limits apply, and the stated condition is gratis Kontofuehrung bis 27. Geburtstag.
What does the free plan cover?+
The free plan is tied to a usage limit, stated as gratis Kontofuehrung bis 27. Geburtstag. Read that condition before assuming the free option covers ongoing account running costs for a full business.
Who is this account built for?+
The account is aimed at small business and enterprise, so it covers both small businesses and larger organisations. Businesses based outside Austria should note the bank is headquartered in Austria.
How do I reach support?+
Support runs through email and phone. That means you can write in and you can call, which suits anyone who prefers a person on the other end rather than a chat window.
Is the account regulated or licensed?+
The legal entity behind the account is Erste Bank der oesterreichischen Sparkassen AG, based in Austria. It operates as a bank rather than as a software tool, so deposits sit with a banking institution in that country.
How does the cost compare with other options?+
At a starting fee of €10.41, this account is cheaper to open than Vantage at $30 and myGreekTax at €69, but dearer than Novo at $0. For a business outside Austria, a local bank is usually the deciding factor.
Sources
- sparkasse.at/erstebank-en/business-customers/products-bus... checked September 26, 2026
Backs: Audience, Price from
“Account maintenance from 10,41 euros/month”
- sparkasse.at/erstebank/privatkunden/konto-karten/studente... checked September 26, 2026
Backs: Free plan, Usage limits
- sparkasse.at/erstebank/wir-ueber-uns/impressum checked September 26, 2026
Backs: Headquarters, Legal entity, Support channels
“Am Belvedere 1 1100 Wien”
Compiled from 3 source pages, checked September 26, 2026. We did not open an account.
Erste Bank
Austrian businesses wanting a straightforward business account with a low starting fee.