The 60-second version
Austrian bank wind-down needs account zeroing, closure letter from Erste/Raiffeisen/Bank Austria, and EUR SWIFT to NRE. I retain Jahresabschluss for Form 67 and FBAR if US person.
Austrian banks need in-branch or signed closure form
Austria taxes interest and certain account fees — obtain annual tax certificate (KESt) before closure.
Erste Bank, Raiffeisen, Bank Austria require branch visit or registered mail for closure after wire-out to NRE.
Retain Kontoauszug and closure confirmation for Schedule FA last-year reporting and FBAR if US person.
DACH: Austria tax guide.
Austrian bank wind-down
| Bank | Closure method | India reporting |
|---|---|---|
| Erste Bank | Branch / online request | Schedule FA until closed |
| Raiffeisen | Branch appointment | Interest in ITR year of receipt |
| Bank Austria | Branch + ID | FBAR if US person |
| Wise AT IBAN | Support ticket | Schedule FA foreign account |
| EUR savings | KESt cert on interest | Form 67 if tax overlap |
Austrian bank close sequence
Wire to NRE
Full balance via SWIFT — retain MT103.
Tax certificate
Download annual interest / KESt statement.
Closure request
Signed form at branch or post.
Confirmation letter
Account closed PDF — save 10 years.
Schedule FA
Report in India ITR until closure date FY.
Wind-down flow
Austria bank export kit
- Closure PDF.
- SWIFT receipt.
- KESt cert.
- Last statement.
- Debit card destroyed.
Need help with Tax & Residency?
Share your blocker in one line. Our experts will reply with practical next steps.
Meldepflicht
Austria had foreign account reporting for residents — confirm exit-year BMF filing.
Quick visual
Animated decision map
Community signal
What to watch in real discussions
Search community threads for the exact phrase, then treat repeated complaints as risk signals rather than official advice.
Open nofollow community search ->Interactive checkpoint
Turn this guide into a decision file
0 of 4 checked
Keep Austrian account?
Possible but Schedule FA + FBAR annually — most close.
Form 67 for KESt?
If same interest taxed in India same FY.
Mortgage linked?
Close savings after loan discharge — bank holds lien.
US person FBAR?
Austrian accounts count toward USD 10k aggregate.
EUR timing?
Wire before closure — zero balance required.
Dormant account?
Reactivate then close — dormancy fees may apply.
Your tax year is already running.
RNOR status, exit timing, and DTAA benefits all depend on decisions you make before you land. Don't guess.