Online account opening

Online account opening

What are the requirements for opening a direct savings account?

You are at least 18 years old.

You have your primary residence in Austria.

You are acting on your own account, i.e. you are not opening the account for someone else.

You have an Austrian checking account (reference account) in the name of the same account holder as the direct savings account to be opened.

You have a cell phone for the mTAN procedure

What is a reference account?

The reference account is a current account at your house bank, which is used for payment processing and payment transactions (Attention: please do not specify savings accounts, profit and loss accounts or similar). Deposits and withdrawals can only be made to or from the specified reference account.

What is an IBAN?

The IBAN (International Bank Account Number) is the international bank account number of your reference account. You need this 20-digit code to open an account. You will find it on every account statement of your reference account or on your ATM card or you can ask your house bank for it. Please enter the IBAN without spaces.

What does legitimacy mean?

During the legitimation process, Porsche Bank identifies you as a customer. Porsche Bank is obliged to do this for legal reasons.

What documents are needed for legitimation?

For legitimation, we need a legible copy of an official photo ID. We accept the following types of ID for legitimation:

  • valid passport
  • valid personal ID