Generali Bank AG

Business Summary

Business Focus
providing products and services via direct banking
Services
retail banking
brokerage
Clients
natural persons
Products
current accounts
savings accounts (0.12 - 0.12 %)
time deposit accounts (0.10 - 0.10 %)
trading accounts
investment funds
Area Served
ATAustria

Generali Bank AG is focused on providing products and services via direct banking. Generali Bank AG provides products and services in the areas of retail banking, brokerage. Generali Bank AG offers a range of products including current accounts, savings accounts (0.12 - 0.12 %), time deposit accounts (0.10 - 0.10 %), trading accounts, investment funds. Generali Bank AG makes its solutions available to natural persons.

Account Opening

Account Opening Procedure
completely online
performed within a few minutes

Opening an account with Generali Bank AG can be done by performing the following steps: completely online. It usually requires about a few minutes.

Required Documents
passport
proof of address
application form

Generali Bank AG requires the following documents to open a personal bank account: passport; proof of address; application form.

While opening a bank account Generali Bank AG has to perform KYC procedure and comply with AML requirements. KYC procedure usually includes obtaining the information about customer identity, residential address, current occupation and source of income. KYC checks performed by Generali Bank AG and the documents used are outlined below.

Identity Verification
passport
any one of the documents above
Address Confirmation
proof of address
any one of the documents above
Current Occupation
Income Source
Forms
application form
all the forms from above

Generali Bank AG may require additional documentation or information depending on the case.

Ways to Bank

Business Channels
online banking online banking
mobile app mobile app

Generali Bank AG operates as a direct bank without a branch network. Products and services offered by Generali Bank AG are available via online banking, mobile application.

Mobile Application: Generali Bank MobileBanking

Generali Bank MobileBanking
Generali Bank MobileBanking
Generali Bank MobileBanking Supported Languages
GBEnglish

Products

Savings Accounts

Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While providing more flexibility, savings accounts usually offer lower interest rates and shorter deposit terms than time deposit accounts.

Generali Bank AG offers the following savings accounts.

Updated on 21 October 2020

ErtragsKonto flexibel
Sales Region
ATAustria
Account Currency
EUR
Interest Rate (p.a.)
0.12 %
Deposit Term
1 - 12 months
Savings Account Details
Product Name
ErtragsKonto flexibel
Account Currency
EUR
Min. Interest Rate (p.a.)
0.12 %
Max. Interest Rate (p.a.)
0.12 %
Min. Deposit Term
1 month
Max. Deposit Term
12 months
Min. Investment Amount
1 EUR
Max. Investment Amount
100,000 EUR
Interest Frequency
1 times a year

ATAustria: This product is offered to Austrian residents only. When clicking on the product link you will be redirected to the product page in German.
Deposit Guarantee. Savings accounts made with Generali Bank AG are covered by deposit guarantee scheme of Austria up to 100,000 EUR per depositor.
Withholding Tax. Interest income gained on savings accounts by non-residents of Austria is not taxed. Interest gained on savings accounts by residents of Austria is taxed at 25.00% rate. When the interest is paid, this tax is automatically withhold by Generali Bank AG from the savings account.

See Also

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Generali Bank AG offers the following time deposit accounts.

Updated on 21 October 2020

PremiumKonto
Sales Region
ATAustria
Account Currency
EUR
Interest Rate (p.a.)
0.10 %
Deposit Term
12 months
Time Deposit Account Details
Product Name
PremiumKonto
Account Currency
EUR
Min. Interest Rate (p.a.)
0.10 %
Max. Interest Rate (p.a.)
0.10 %
Min. Deposit Term
12 months
Max. Deposit Term
12 months

ATAustria: This product is offered to Austrian residents only. When clicking on the product link you will be redirected to the product page in German.
Deposit Guarantee. Time deposit accounts made with Generali Bank AG are covered by deposit guarantee scheme of Austria up to 100,000 EUR per depositor.
Withholding Tax. Interest income gained on time deposit accounts by non-residents of Austria is not taxed. Interest gained on time deposit accounts by residents of Austria is taxed at 25.00% rate. When the interest is paid, this tax is automatically withhold by Generali Bank AG from the time deposit account.

See Also

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