Credit transfers & cashless payments

For credit transfers, the money is transferred electronically from one bank account to another. Other ways of paying without cash are direct debits, card payments and mobile payments. The OeNB ensures that credit transfers and other cashless payments run smoothly. To this end, it works together with the ECB and the ESCB national central banks as well as with commercial banks.

Video: Überweisungen & Kartenzahlungen

Safe payments for everyone

We make payments every day, we pay cashless via bank transfers, we pay by card in shops or by automatic direct debit when paying for our rent or streaming services. We can also pay by smartphone, e.g. when shopping online. We take it for granted that these payments are fast, safe and reliabe. Complex systems and processes are running in the background to ensure that our money arrives correctly and on time.

The fact that bank transfers and cashless payments work smoothly – both domestically and across borders – benefits not only people and businesses but the economy as a whole. Safe and efficient payment systems ensure that people and businesses have confidence in Austria as a financial centre and in the common European payments infrastructure.