Dadat Bank

What Dadat Bank does

DADAT Bank operates as the direct-bank and online brokerage brand of Austrian banking institution Schelhammer Capital Bank AG. The company was founded in March 2017 by Ernst Huber, formerly co-founder and CEO of direktanlage.at, and serves exclusively Austrian retail customers. It runs a fully digital self-service onboarding flow (video legitimation via WebID Solutions, digital signature, optional in-person appointment openings in Vienna, Linz, and Salzburg), with mobile apps (DADAT Trading App, DADAT Banking App, DADAT ID for two-factor authentication, and Wallet Pay for P2P and NFC payments) plus a cloud-based web platform. As of end-2025 the bank had grown to ~55,000 customers and processed ~750,000 securities orders during the year.

The core product is the Wertpapierdepot (securities account) for trading stocks, ETFs, funds, bonds, certificates, and derivatives across 20+ global exchanges, supplemented by recurring savings plans (fund, ETF, stock, gold, certificates), U25/U28 demographic variants, and PremiumPartner OTC derivatives distribution with BNP Paribas, Société Générale, J.P. Morgan, and Vontobel. Banking products include Gehaltskonto, Sparkonto (2.7% promotional / 1.6% ongoing), debit Mastercard, Visa credit cards, and securities-backed lending (Wertpapierbeleihung) at 5.9% p.a. More recent extensions include cryptocurrency trading across ~50 tokens, Baufinanzierung (mortgage financing), and Vermögensverwaltung (wealth management). Mobile payments coverage spans Apple Pay, Google Pay, Garmin Pay, Bluecode, and jö&GO!.

DADAT monetizes primarily through brokerage commissions (e.g., €3.50–€10.50 tiered on GETTEX, €4.95/€0.95 on PremiumPartner derivatives), card and account fees (waived for salary accounts meeting a €1,000/mo deposit threshold), interest income on customer balances and securities-backed loans, and B2B platform/custody services for licensed Wertpapierfirmen. Aggressive forward pricing — €0 depot fees for new customers from 2026 and existing from 2027, free account maintenance for new customers through end-2030 — is funded by order-flow volume and float, positioning the firm as Austria's lowest-cost online broker. The brand has won Austria's Best Online Broker (ÖGVS/trend) in 2024 and 2026, and Best Direct Bank four consecutive years through 2025.

Name

Dadat Bank

Legal name

Schelhammer Capital Bank AG

Website

https://dad.at

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

DADAT Bank is the Austrian direct-bank and online brokerage brand of Schelhammer Capital Bank AG, serving ~55,000 retail customers with low-cost securities trading, commission-free PremiumPartner derivatives, fee-free depot and savings products, and fully digital onboarding.

Ownership category

akta.pro rank

Product category

Online Brokerage and Direct Banking

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Full-Service Retail Brokerage & Wealth Platforms (FSAAAAAA)

Keywords

• Retail banking services
• Online brokerage
• Securities trading
• Direct banking
• Savings accounts

Headquarters

HQ city

Salzburg

HQ country

Austria

HQ region

Europe

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Brokerage Commissions: Transaction fees on securities trading including stocks, ETFs, funds, bonds, and derivatives. Fee structure includes fixed fees per order plus percentage-based commissions varying by exchange. PremiumPartner derivatives generate revenue through spreads and maker-taker fees from partner issuers.
2. Account and Card Fees: Account maintenance fees waived for salary account customers with minimum monthly deposit of €1,000. Debit Mastercard and Visa Gold credit card provided free for qualifying customers. Secondary card and non-qualifying accounts generate fee revenue.
3. Interest Income on Credit Balances: Interest earned on customer credit balances held in EUR and foreign currency accounts. The bank pays 0% interest on EUR credit balances while deploying customer deposits in interbank and money market instruments.
4. Securities Lending / Margin Lending: Interest income from overdraft facilities (Wertpapierbeleihung) secured against customer securities portfolios. Sollzinssatz of 5.9% p.a. (variable) on drawn credit balances, calculated quarterly. Collateral advance limit up to €75,000 for standard overdrafts.
5. Platform Services for Financial Institutions: Back-office and custody services for licensed securities firms (Wertpapierfirmen) and securities service companies requiring an innovative, cost-effective settlement platform and depot bank.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

DADAT Bank is an Austrian direct bank and online broker offering a combined securities trading account (Wertpapierdepot), current/salary account (Gehaltskonto), and savings account (Sparkonto) through a fully digital platform with native mobile apps. Customers can trade stocks, ETFs, funds, bonds, certificates, derivatives, and approximately 50 cryptocurrencies on 20+ global exchanges with low-cost transaction fees, supported by PremiumPartner connectivity to major issuers.

Product overview

DADAT Bank is an Austrian direct bank (a brand of Schelhammer Capital Bank AG) offering a comprehensive suite of financial products. The core offering centers on a unified platform combining securities trading (Wertpapierdepot) with everyday banking (Girokonto/Sparkonto). The product portfolio includes: (1) Securities & Trading: Wertpapierdepot with U25-Depot variant, Depotübertrag service, and multiple savings plans (Fonds Sparplan, ETF Sparplan, Aktien Sparplan, Gold Sparplan, Zertifikate Sparplan); (2) Premium Trading: PremiumPartner platform connecting to BNP Paribas, Société Générale, J.P. Morgan, and Vontobel for derivatives trading; (3) Mobile Apps: Trading App, Banking App, DADAT ID (2FA), and Wallet Pay; (4) Consumer Banking: Gehaltskonto, Pensionskonto, U28-Konto, Sparkonto, and Festgeld; (5) Cards: Debit Mastercard and Visa credit cards; (6) Crypto: Trading of ~50 cryptocurrencies; (7) Lending: WP-Beleihung (securities-backed loans), Baufinanzierung, and credit facilities; (8) Educational Services: DADAT Akademie with webinars and the DADAT Blog for financial knowledge. All products integrate with digital payment solutions (Apple Pay, Google Pay, Garmin Pay, Bluecode, jö&GO!) and professional tools like TeleTrader WorkStation.

Differentiator

Problem solved

Functional benefit

Products and services

• Wertpapierdepot (Securities Account) Core securities account for Austrian retail customers to trade stocks, ETFs, funds, bonds, certificates, and derivatives on 20+ global exchanges; €1 per order for 6 months for new customers and zero depot fees for private customers from 2026.
• U25-Depot Special securities account for Austrian customers under 25 years old, offering €1-per-order trading at GETTEX exchange, no depot fee, and free savings plans for around 100 stocks and 200 ETFs.
• Depotübertrag (Securities Transfer Service) Service enabling new customers to transfer existing securities portfolios from other banks to DADAT, with up to €250 reimbursement of transfer fees for new customers.
• Fonds Sparplan (Fund Savings Plan) Recurring fund savings plan for Austrian retail customers from €10 monthly or quarterly with 80% discount on issuing charges and access to 130+ funds.
• ETF Sparplan (ETF Savings Plan) Recurring ETF savings plan from €10 with fee-free execution for approximately 227 ETFs (DWS, Invesco, Vanguard, Franklin Templeton) and reduced fees for other ETFs.
• Aktien Sparplan (Stock Savings Plan) Recurring stock savings plan offering fee-free execution for around 100 selected stocks on a monthly cadence.
• Gold Sparplan (Gold Savings Plan) Recurring physical gold accumulation plan for Austrian retail customers.
• Zertifikate Sparplan (Certificate Savings Plan) Recurring structured certificate savings plan for Austrian retail customers.
• PremiumPartner Trading Dedicated OTC derivatives trading platform for Austrian retail and active traders connected to BNP Paribas, Société Générale, J.P. Morgan, and Vontobel, offering 500,000+ products with €0.95 per trade at volumes ≥€500 and year-round free-trade campaigns.
• Trading Plattform (Web Trading Platform) Web-based trading platform with connectivity to Vienna, German (Xetra, Gettex, Frankfurt), US (NYSE/NASDAQ), Swiss, UK and 20+ other exchanges via direct trading partners such as Lang & Schwarz, Baader Bank, Goldman Sachs, Morgan Stanley, Raiffeisen Bank International, and UniCredit.
• DADAT Trading App (Mobile) Native iOS/Android mobile trading application providing portfolio overview with P/L, quick order placement, market indices, security search, charts, watchlists, price alerts, news, and biometric login for Austrian retail traders.
• DADAT Banking App (Mobile) Native iOS/Android mobile banking application providing Quick-Check dashboard, transaction categorization, QR-code payments, push notifications, and biometric login for Austrian retail customers.
• DADAT ID App (2FA) Two-factor authentication app for secure login and transaction signing, supporting biometric data, four-digit shortPIN, and PSD2 strong-customer-authentication requirements for Austrian retail customers.
• Wallet Pay App (Mobile Payments) Mobile payment app for sending and receiving money by phone number without IBAN, with NFC mobile payment functionality, daily limit €400, weekly limit €1,000, and integrated customer card management.
• TeleTrader WorkStation (Professional Trading Workstation) Downloadable professional trading workstation for Austrian active traders, with real-time global quotes, technical analysis tools, 200+ indicators, charting, watchlists, options matrix, and direct trading integration at €49.99 per month base package.
• Gehaltskonto (Salary/Current Account) Primary everyday current account for Austrian salary earners with free maintenance (for new customers through end of 2030), free Debit Mastercard and Visa Gold credit card, online/mobile banking, account switching service, and contactless payments via Apple Pay and Google Pay.
• Pensionskonto (Pension Account) Current account tailored for Austrian pensioners, with the same features as the Gehaltskonto.
• U28-Konto (Under-28 Account) Current account for Austrian customers under 28 years old offering age-specific banking benefits.
• Sparkonto (Savings Account) Daily-availability savings account for Austrian retail customers offering 2.7% p.a. for 3 months for new customers (up to €300,000) and 1.6% p.a. for existing customers (up to €1,000,000).
• Festgeld (Fixed-Term Deposit) Fixed-term deposit product for Austrian retail customers providing guaranteed returns over a specified tenor.
• Debit Mastercard Free debit card for Austrian account holders, enabling free cash withdrawals within the Eurozone and contactless payments.
• Visa Gold Kreditkarte (Premium Credit Card) Premium credit card with travel insurance coverage, free for the first year for new customers (until 31.12.2026), then €80.40 per year; requires minimum €1,000 monthly net income.
• Visa Classic Kreditkarte (Standard Credit Card) Standard credit card without insurance coverage, priced at €12 for the first year and €21.60 annually thereafter.
• Kryptowerte Handel (Cryptocurrency Trading) Crypto trading platform for Austrian retail customers offering approximately 50 crypto assets via the DADAT Trading App and dedicated crypto portal.
• Baufinanzierung (Real Estate Financing) Mortgage loan services for Austrian retail customers financing residential property purchases.
• Vermögensverwaltung (Wealth Management) Discretionary or advisory wealth management services for Austrian retail customers seeking comprehensive financial planning.
• WP-Beleihung (Securities-Backed Lending) Overdraft facility (Wertpapierbeleihung) for Austrian retail customers using their securities portfolio as collateral, with a 5.90% p.a. variable interest rate, quarterly settlement, loan-to-value up to 65% on stocks/bonds/funds/certificates and a maximum silent overdraft of €75,000.
• Platform Services for Licensed Securities Firms (B2B Custody & Settlement) B2B back-office and custody/depot-bank platform service for licensed Wertpapierfirmen and securities service companies that need a cost-effective settlement platform under Schelhammer Capital Bank AG's Austrian banking license.

Quantifiable outcome

• 2.7% p.a. interest rate on new customer savings (vs. near-zero rates at traditional banks)
• +3 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration19 records

Feature8 records

Partnerships

Twelve partnerships are on record, tiered core and supporting.

• BNP ParibascoreTechnology or IntegrationPremiumPartner for OTC derivatives trading (options, certificates, leverage products). DADAT customers receive reduced transaction fees (€0.95 per trade at volumes ≥€500 after partner rebate) and access to over 175,000 products. BNP Paribas participates in the year-round Free Trade rotation calendar. DADAT receives payments from BNP Paribas for order flow, passed on to customers as price reductions.
• Société GénéralecoreTechnology or IntegrationPremiumPartner for OTC derivatives trading. One of the world's largest derivative issuers, offering a comprehensive range of warrants, certificates, and bonds. Part of the Free Trade rotation calendar with zero transaction fees for qualifying orders. Provides access to underlying assets across all classes: stocks, indices, currencies, interest rates, and commodities.
• J.P. MorgancoreTechnology or IntegrationPremiumPartner for OTC derivatives (options, certificates, leverage products). Active in the Austrian and German warrants and certificates market since 2018, offering over 300,000 products across stocks, indices, currencies, interest rates, and precious metals. Multiple award wins for trading quality (German Certificate Prize). Included in Free Trade rotation.
• VontobelcoreTechnology or IntegrationPremiumPartner for OTC derivatives trading. Swiss private banking group founded in 1924, offering certificates, equity bonds, and leverage products. Approximately 500,000 total products available across all PremiumPartners combined. Included in Free Trade rotation calendar.
• card complete Service Bank AGcoreChannel Partner/ Reseller/ DistributorCredit card issuing partner for Visa Classic and Visa Gold cards. Handles credit card issuance, processing, and customer service for card-related queries. DADAT customers receive Visa cards subject to creditworthiness check and minimum monthly net income of €1,000.
• Qwist GmbHsupportingImplementation/ SI/ Consulting PartnerProvides automated account switching service (Kontowechsel) allowing DADAT customers to transfer standing orders, direct debits, and regular payment relationships from their previous bank. Process is fully digital and free for DADAT customers.
• WebID SolutionscoreTechnology or IntegrationVideo legitimation provider enabling fully digital customer onboarding. Via web telephony, customers verify their identity using a valid passport or national ID card with a DADAT employee guiding them through the process (5-10 minutes). Delivered via web browser using webcam.
• TeleTrader Software GmbHsupportingTechnology or IntegrationProvider of professional real-time market data and charting tools. DADAT offers customers access to TeleTrader WorkStation (€49.99/month base package) with real-time quotes from global exchanges, historical tick and daily data, market depth, and technical analysis tools. Also provides free real-time Vienna Stock Exchange quotes.
• Lang & SchwarzsupportingTechnology or IntegrationDirect trading partner providing extended-hours OTC trading (07:30-23:00 Mon-Fri, Sat 10:00-13:00, Sun 17:00-19:00). Offers real-time free quotes on DADAT website. Used for extended-hours trading of various financial instruments.
• Baader BanksupportingTechnology or IntegrationTrading partner for OTC and exchange trading with extended hours (07:30-23:00 Mon-Fri, Sat 14:00-19:00). Provides trading infrastructure and liquidity for DADAT customers.
• Schelhammer Capital Bank AGcoreStrategic or Co-development PartnerParent company and brand licensor. DADAT operates as a brand of Schelhammer Capital Bank AG. Schelhammer Capital provides regulatory licensing, capital, compliance infrastructure, and back-office services. DADAT Bank is subject to deposit insurance and investor compensation under Austrian law via Schelhammer Capital.
• DataReporter GmbHsupportingTechnology or IntegrationProvides cookie consent management platform (WebCare CMP) deployed on DADAT website to manage GDPR-compliant cookie preferences.

Scale indicators4 records

Recent moves7 records

Expansion highlights8 records

Direct peers

• Trade Republic: Germany-headquartered pan-European neobroker offering commission-free securities and savings plans via mobile app. Direct competitor in DACH retail brokerage with comparable product-led growth and fee-led acquisition strategy.
• Scalable Capital: Munich-based digital wealth manager and broker with savings plans, brokerage, and robo-advisory. Competes head-to-head in the DACH online brokerage space with similar low-cost pricing and app-first experience.
• flatexDEGIRO: Germany's largest online broker with DEGIRO brand; multi-country European retail brokerage. Operates in similar low-fee online brokerage category with broader geographic reach.
• Bitpanda: Vienna-headquartered digital investment platform offering crypto, stocks, ETFs, and savings plans. Closest direct competitor by home market (Austria) and product overlap including crypto trading and savings plans.
• Hello bank! (Austria): Austrian direct bank offering Girokonto, securities trading, and savings products via digital channels. Domestic Austrian competitor with overlapping retail banking and brokerage suite.
• Easybank: Austrian direct bank (BAWAG P.S.K. subsidiary) offering online banking, brokerage, and securities accounts. Domestic peer in the Austrian online banking and broker space.

Broad incumbents

• ING DiBa (Germany): Large German direct bank offering brokerage, savings, and Girokonto with established digital franchise. Broader incumbent competitor operating in adjacent German-speaking retail banking and securities markets.
• DKB (Deutsche Kreditbank): German direct bank offering online brokerage, current account, and card products with established retail customer base. Established DACH direct-bank incumbent with comparable digital-first retail offering.

Others

• Baader Bank: German bank providing trading infrastructure, custody, and B2B brokerage services. Strategic partner of DADAT (extended-hours OTC execution), illustrating the broader B2B platform-services category DADAT also serves.

Emerging players

• Revolut: Global digital bank with multi-currency accounts, trading, and crypto offerings. Expanding aggressively in DACH; competing for the same digitally native retail customers with broader feature set and EU banking license.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UChsA2KUnPrRxqPFm22PH6Zw
• Facebookfacebook.com/dadatbank
• LinkedInlinkedin.com/company/dadat
• Instagraminstagram.com/dad.at/?hl=de
• Xx.com/DADATbank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dadat Bank