Sparkasse Schwaz AG products, services and reviews

About Sparkasse Schwaz AG

Sparkasse Schwaz AG is a regional savings bank based in Schwaz, Tyrol, operating within the Austrian Savings Banks Group (Erste Bank und Sparkassen) and the group’s institutional protection scheme. It provides standard retail and small-business banking services, including current and savings accounts, payment services, debit and credit cards, consumer and mortgage lending, and advisory for investments and pensions; corporate clients typically find working-capital facilities, investment loans, cash management, and merchant services. Securities brokerage and custody are available under MiFID II rules, with access to funds, ETFs, and bonds, and insurance products are generally offered via group partners. Digital banking is delivered through the group’s George platform, covering transfers, standing orders, e‑bills, budgeting tools, card controls, and strong customer authentication compliant with PSD2; major mobile wallets are commonly supported. The branch footprint is concentrated in Schwaz and nearby areas, with customer service primarily in German and appointments used for advisory. Accounts are usually offered as fee packages with published price lists; cash withdrawals at the group’s ATMs are prioritized, while international use and out‑of‑network services can incur additional charges. Deposits are protected by Austria’s statutory deposit guarantee up to EUR 100,000 per depositor and institution; investments carry market risk and are not covered by the deposit guarantee. Account opening follows Austrian KYC and AML requirements and may require local residency and in‑person verification, which can limit accessibility for nonresidents. This positioning suits residents and SMEs seeking local coverage and integration with the broader Erste group infrastructure, while customers needing extensive international services or English-language support should review conditions and service availability in advance.