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BAWAG P.S.K. review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

BAWAG P.S.K. suits Austrian residents who want a card, easy-access savings and borrowing handled by the same bank. The savings side keeps money available daily with no notice period while deposits sit under EU DGS up to EUR 100,000, and the card pays cashback rather than points.

Key facts

Best for
A single Austrian bank for a cashback card, easy-access savings and a personal loan.
Annual fee
€24.94↗
Currency conversion fee
1.5%↗
Rewards type
Cashback↗
Rewards rate
up to 15% cashback on account maintenance fees↗
Credit needed
Good↗
Perks
Purchase protection, Contactless payment, 3D Secure, Apple Pay, Google Pay↗
Card kind
Charge↗
Legal entity
Bank für Arbeit und Wirtschaft AG↗
Headquarters
Austria↗
Founded
1922↗
Support channels
Email, Phone, Help-centre, Chat↗
Pricing model
No monthly fee, Fixed rate
Features
Rewards
Official website
bawag.at

Loans

Loan amount
€4,000 to €75,000↗
Term
12 to 120 months↗
Arrangement fee
0 EUR - no processing fee (keine Bearbeitungsgebuehr)↗
Credit check
Hard↗
Funding time
Payout within 24 hours↗
Rate type
Fixed↗
Lender type
Direct lender↗
Free early repayment
No↗
Eligibility
Minimum age 18, main residence in Austria↗
Origination fee (%)
0%↗
Loan types
Personal, Debt-consolidation, Car↗
Use cases
Home-improvement↗

Savings

Headline rate
0.01%↗
Minimum deposit
€0↗
Deposit protection
EU DGS up to EUR 100,000↗
Access terms
Daily availability, no notice period; eBanking participation mandatory↗
Monthly fee
€0↗
Account kind
Easy access↗

Facts checked September 26, 2026, 6 sources

Apps and profiles

Get the app
App Store
Elsewhere
LinkedIn

Pros and cons

Pros

  • Easy-access savings pay 0.01% at a fixed rate, with €0 monthly fee and a €0 minimum deposit
  • The card pays cashback rewards, worth up to 15% cashback on account maintenance fees
  • Loans of €4,000 to €75,000 over 12 to 120 come with 0 EUR - no processing fee (keine Bearbeitungsgebuehr) and Payout within 24 hours
  • Card perks include purchase protection, contactless payment and 3D Secure

Cons

  • The card is a charge card, so a balance is settled in full rather than carried across periods.
  • Currency conversion costs 1.5% on the card, and it ranks 95 of 186 on that measure.
  • Free early repayment is not offered on the loan, so an early payoff carries a cost.

Ready to try BAWAG P.S.K.?

Scored 9.2 / 10 by SumCue.

See alternatives

Who it suits

  • Austrian residents who want a card, savings and borrowing from the same bank, since it lends as a direct lender
  • People with good credit who want a cashback reward alongside a fixed savings rate
  • Borrowers covering personal, debt consolidation and car and home improvement who need the money quickly

Who should look elsewhere

  • bunq if a card without an annual fee is the priority, since bunq charges €0 against €24.94 here
  • Varo Believe Secured Credit Card if you want a secured card, as its annual fee of $0 costs nothing while you build a record
  • Wise if you would rather hold a card charging £0 a year than pay €24.94 for the BAWAG P.S.K. card

Where it sits among rivals

On fees, BAWAG P.S.K. sits near the back of the field. Its annual fee places it at 265 out of 312 cards compared, and its currency conversion charge at 95 out of 186. Both are card level measures, so the savings and loan side sit outside them.

Who runs it

BAWAG P.S.K. trades as Bank für Arbeit und Wirtschaft AG, headquartered in Austria and founded in 1922. It is a bank that lends in its own name rather than a broker, and the same group covers savings, cards and personal loans for everyday banking needs. Support runs on email, phone and help centre.

How BAWAG P.S.K. compares

Where BAWAG P.S.K. is available

Available
Austria

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does the BAWAG P.S.K. card cost to hold and use?+

The card charges an annual fee of €24.94, and it is a charge card, which means the balance is paid in full rather than carried. Spending in another currency costs 1.5% on conversion, which is where the card ranks 95 of 186 on the fee tables.

Is my money protected if the bank fails?+

Deposits sit under EU DGS up to EUR 100,000, which is the EU deposit guarantee scheme. That cover applies to the deposit side of the bank rather than to any lending, so keeping savings inside the limit is what makes it meaningful.

How quickly can I get at my savings?+

Access is daily with no notice period, so money moves out whenever you ask rather than at a set maturity. The account is an easy access account, and eBanking participation is part of the deal, so online banking is part of using it.

What do I earn on savings, and what does it cost to hold?+

The savings account pays 0.01% at a fixed rate. There is €0 monthly fee and €0 minimum deposit, so holding costs nothing and you can start small. A fixed rate keeps the return predictable rather than tied to a market index.

Can I borrow, and what does a loan cost?+

Yes, on €4,000 to €75,000 over 12 to 120, covering personal, debt consolidation and car and home improvement. The arrangement charge is 0 EUR - no processing fee (keine Bearbeitungsgebuehr) and payout is Payout within 24 hours once a decision lands. Applications run a hard credit check, and free early repayment is not offered on the loan.

Who can apply for the card and the loan?+

The card is aimed at people with good credit, which is the main gate on approval. Borrowing needs a minimum age and a main residence in Austria. Both products sit with a bank headquartered in Austria, so they are shaped for the Austrian market rather than the UK.

What rewards and card extras come with it?+

Rewards are cashback, worth up to 15% cashback on account maintenance fees. The card also carries purchase protection, contactless payment and 3D Secure, so purchases are protected and you can pay contactless or with a phone wallet. Cashback is the reward type most rivals on the site also use, so it is not a differentiator.

How do I get help if something goes wrong?+

Support runs on email, phone and help centre, so you can reach the bank by phone, by email, in a live chat or through the help centre. A phone line suits anyone with a card query or a loan application, and as a direct lender the bank handles the application itself rather than passing it on.

Sources

  • en.wikipedia.org/wiki/BAWAG checked September 26, 2026

    Backs: Founded, Headquarters, Legal entity

    “Founded: 1922”

  • bawag.at/bawag/impressum checked September 26, 2026

    Backs: Deposit protection, Lender type, Support channels

    “Contact options: e-mail kundenservice@bawag.at, telephone + 43 (0) 5 99 05 - 995; help centre at hilfe.bawag.at and a chat bot on bawag.at”

  • bawag.at/bawag/privatkunden/finanzieren/onlinekredit checked September 26, 2026

    Backs: Loan amount, Credit check, Eligibility, Free early repayment, Funding time, Loan types, Arrangement fee, Origination fee (%), Term, Use cases

    “Sofortzusage nach positiver Bonitaetspruefung”

  • bawag.at/bawag/privatkunden/kreditkarte/kreditkarte-weiss checked September 26, 2026

    Backs: Annual fee, Credit needed, Features, Perks, Rewards rate, Rewards type

    “Annual Fee: €24.94 (yearly billing)”

  • bawag.at/bawag/privatkunden/sparen/sparbox-flex checked September 26, 2026

    Backs: Access terms, Account kind, Headline rate, Minimum deposit, Pricing model, Monthly fee, Rate type

    “The balance is due daily, so the customer can dispose of the balance at any time; participation in BAWAG eBanking is mandatory”

  • capitalo.at/anbieter/bawag/produkte/weiss checked September 26, 2026

    Backs: Card kind, Currency conversion fee

    “balance is fully debited monthly”

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR.

BAWAG P.S.K.

A single Austrian bank for a cashback card, easy-access savings and a personal loan.

9.2/10See alternatives