Bank99

What Bank99 does

Bank99 AG is a wholly-owned Austrian retail banking subsidiary of Österreichische Post AG (Austrian Post), operating under the Bank99 brand since 2023 after the parent's phased acquisition of ING Austria (minority stake from 2017, 100% completed in 2022). The bank serves Austrian retail consumers, freelancers, students, and youth through a hybrid digital-and-physical distribution model: a proprietary three-app digital ecosystem (meine99 mobile banking, okay99 two-factor authentication, brieftasche99 digital wallet) coexists with the largest physical banking footprint in Austria — approximately 1,700 Geschäftsstellen co-located inside Austrian Post branches (Postfilialen) — supplemented by dedicated mortgage advisory at the Vienna Wohnbaucenter and appointment-based field sales via Wohnfinanzierungsexpert*innen.

The product portfolio spans nine current account tiers (smartkonto99, balancekonto99, topkonto99 plus specialized youth, student, business, vulnerable-customer, and statutory Basiskonto variants), savings (Tagesgeld flexsparen99, Festgeld fixsparen99 from 6-36 months, and Bausparen99 distributed in partnership with Wüstenrot), consumer and mortgage lending (rundumkredit99 €3,000-€50,000; wohnkredit99 €50,000-€1,000,000), securities (depot99 covering stocks, ETFs and funds), and insurance (vorsorgen99). Core technology is a digital banking platform supporting online and mobile channels, with Debit Mastercard cards (99% recycled PVC), Apple Pay/Google Pay integration, 3D Secure (Mastercard Identity Check), and EU-mandated Verification of Payee (live from 9 October 2025) plus geo-control and payment limit management. The bank does not list disclosed proprietary AI or ML capabilities; AI/ML functionality, where present, is delivered via partners (Card Complete for credit cards, BlackRock for investment products, fino.digital for account switching).

Revenue mechanics are diversified across monthly account fees (€1.99-€15.98), credit card fees (Classic €1.80, Gold €6.70, Platinum €11.55/month), lending interest spreads (mortgage ~5.36% effective, consumer loan 7.55-8.12% effective), savings interest spreads (Tagesgeld base 0.01% + bonus, Festgeld 2.05-2.45%), Bausparen referral income via Wüstenrot, transaction fees (€0.80-€4.79 per self-service/counter transaction above free allowances), and interchange on card transactions. Customer acquisition is multi-channel: digital self-service account opening, €100 Kontowechsel switching bonus, €25 referral program (up to 20 referrals), ex-ING customer migration, and ÖGVS award-driven PR positioning (#1 Immobilienfinanzierung Filialbanken 2025, #1 Branchen-Champion 2026 Kundenservice).

Name

Bank99

Legal name

bank99 AG

Website

https://bank99.at

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

251–500 employees

Short description

Bank99 AG is an Austrian retail bank and wholly-owned subsidiary of Österreichische Post AG, serving Austrian consumers through ~1,700 Post-embedded branches and a proprietary three-app digital suite, offering current accounts, savings, mortgages, consumer credit, securities, and insurance.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

Loan Operations & Servicing (Consumer/SME/Corporate) (FSABALAD)

Keywords

• Retail banking
• Consumer lending
• Mortgage loans
• Savings accounts
• Payment cards

Headquarters

HQ city

Vienna

HQ country

Austria

HQ region

Europe

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Account/Membership Fees: Monthly account maintenance fees charged across various girokonto products (smartkonto99 at €1.99/month, balancekonto99 at €6.39/month, topkonto99 at €15.98/month, geschäftskonto99 at €4.99/month, alltagskonto99 at €6.39/month, Zahlungskonto at €20/quarter or €10/quarter for vulnerable consumers).
2. Interest Income (Lending): Interest income generated from consumer loans (rundumkredit99, up to €50,000) and mortgage loans (wohnkredit99, €50,000–€1,000,000). Variable and fixed rate products with interest rate spread as primary income driver.
3. Credit Card Fees & Interchange: Credit card membership fees (Classic €1.80/month, Gold €6.70/month, Platinum €11.55/month after first free year) charged to customers; interchange fees on card transactions processed through card complete Service Bank AG. Bank99 acts as a credit card intermediary, with the card contract made with card complete.
4. Transaction & Service Fees: Fees for over-limit ATM withdrawals, self-service transactions, counter service transactions, and cash deposits at branches on certain account tiers. For example, smartkonto99 charges €0.80 per SB transaction and €4.79 per counter service after free allocations.
5. Savings Product Administration: Interest spread between what Bank99 pays savers on Tagesgeld (flexsparen99 at 0.01% base + bonus) and Festgeld products and what it earns on lending. Bausparen99 is offered through Wüstenrot partnership, generating referral/affiliate income.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

bank99 is an Austrian retail bank that offers private individuals current accounts (smartkonto99, balancekonto99, topkonto99, aktivkonto99 jugend/bildung), savings products (flexsparen99, fixsparen99, bausparen99), consumer and mortgage loans (rundumkredit99, wohnkredit99, bauspardarlehen99), debit and credit cards, securities accounts (depot99), and insurance and retirement products (vorsorge99, unfallvorsorge99, begräbnisvorsorge99). Distribution combines roughly 1,700 Austrian postal branches with a digital banking platform including the meine99 app.

Product overview

Bank99 is an Austrian digital bank and postal financial services provider operating as a platform-plus-products architecture. The core offering centers on current accounts (smartkonto99, balancekonto99, topkonto99) as the primary customer relationship vehicle, supplemented by specialized accounts for youth, students, and businesses. The savings portfolio includes daily deposit (flexsparen99), fixed-term deposit (fixsparen99), and building society products (bausparen99 via Wüstenrot partnership). Credit offerings span consumer loans (rundumkredit99 up to €50,000) and home mortgages (wohnkredit99 from €50,000-1,000,000). Investment capabilities include securities trading through depot99. The digital ecosystem comprises three proprietary apps: meine99 for mobile banking, okay99 for transaction authorization, and brieftasche99 for digital wallet functionality. All products integrate with Apple Pay and Google Pay for mobile payments. The bank operates approximately 1,700 physical branches across Austria through its partnership with Austrian Post.

Differentiator

Problem solved

Functional benefit

Brands

• smartkonto99: Digital-focused current account with basic features at €1.99/month, suitable for online banking users.
• balancekonto99
• topkonto99
• aktivkonto99 jugend
• aktivkonto99 bildung
• geschäftskonto99
• alltagskonto99
• Zahlungskonto
• flexsparen99
• fixsparen99
• bausparen99
• rundumkredit99
• wohnkredit99
• bauspardarlehen99
• Debit Mastercard (bank99)
• meine99
• okay99
• brieftasche99

Products and services

• smartkonto99

Quantifiable outcome

• Bank99 ranked #1 among seven major Austrian branch banks in ÖGVS 'Immobilienfinanzierung Filialbanken 2025' study across Beratungskompetenz, Service & Ambiente, and Transparenz categories.
• +4 more outcomes

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature7 records

Partnerships

Six partnerships are on record, tiered core and minor.

• fino.digitalcoreTechnology or IntegrationBank99 partners with fino.digital to provide an automated account-switching service (Kontowechsel). The service automatically notifies the customer's existing payment partners (direct debits, standing orders) of the new IBAN and handles account closure communication. The service is free for Bank99 customers, uses certified data centers and encrypted data transmission.
• Card Complete Service Bank AGcoreChannel Partner/ Reseller/ DistributorCard Complete Service Bank AG is the issuing partner for all Bank99 credit cards (Classic, Gold, Platinum). Bank99 acts as a credit card intermediary/marketer; the actual card contract is between the customer and Card Complete. Card Complete also operates the 24/7 card blocking hotline and the Complete Control app. The partnership extends to debit card services as well.
• Wüstenrot (Bausparkasse Wüstenrot AG)coreChannel Partner/ Reseller/ DistributorBank99 distributes Wüstenrot's Bausparen products (bausparen99 classic, fixzins, flexibel Jugend) and Bauspardarlehen99 mortgage loan product through its Austrian Post branch network. Wüstenrot, which introduced building savings to Austria in 1925, provides the underlying Bausparen contracts and mortgage lending; Bank99 handles distribution and advisory via its branch and advisor network. The partnership enables Bank99 to offer state-subsidized home savings products with government bonuses (1.5% p.a. on up to €1,200/year).
• Grawe BankengruppeminorOthersGrawe Bankengruppe is listed as a partner on Bank99's website, though the specific nature of the partnership is not detailed in the available source material.
• Ria Money TransferminorChannel Partner/ Reseller/ DistributorBank99 offers Ria Money Transfer services, allowing customers to send money internationally through its branch network. Ria is a global money transfer operator, and Bank99 acts as a distribution point for this service through its ~1,700 Geschäftsstellen.
• Österreichische Post AG (Parent Company)coreOthersBank99 is a subsidiary of Österreichische Post AG and operates its banking services inside Postfilialen branches across Austria. The Post provides the physical distribution infrastructure (real estate, branch counters) and brand association that underpins Bank99's 'Nah' positioning.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• BAWAG Group: Major Austrian retail and SME bank offering current accounts, savings, consumer loans, mortgages and credit cards via ~100 branches plus digital channels. Closest head-to-head competitor to Bank99's deposit and mortgage products in the Austrian retail market.
• UniCredit Bank Austria: One of the Big Four Austrian retail banks owned by Italian UniCredit, with national branch coverage, mortgage lending, and consumer credit. Directly comparable across the full current-account/savings/loan product stack and competes on branch density.
• Erste Group Bank / Erste Bank Oesterreich: Austria's largest retail banking group with nationwide branch network plus digital offering (George). Directly competes with Bank99 across current accounts, savings, mortgages, and consumer loans for the same Austrian retail and SME customer base.
• Raiffeisen Bank International (RBI) / Raiffeisen Bausparkasse: Austrian-headquartered banking group with the largest cooperative branch network in Austria; offers the same retail banking stack plus building society products — directly comparable to Bank99's Postfilialen distribution and Bausparen99 product.
• Volksbank Wien-Baden e.Gen. Austrian cooperative retail bank with national branch network, providing current accounts, savings, mortgages, and consumer loans to retail and SME customers — comparable to Bank99's branch-led retail banking model.

Others

• ING (Netherlands): ING was the original owner of the business that became Bank99 (ING Austria, sold to Österreichische Post AG 2017–2022). ING's direct-banking model and product playbook (savings, current accounts, consumer loans) is the operational blueprint Bank99 was built on, even though they no longer directly compete.
• Wüstenrot (Bausparkasse Wüstenrot AG): Austrian building society that is also Bank99's distribution partner for bausparen99 and bauspardarlehen99. Provides the underlying building-society contracts and mortgage loan product that Bank99 resells via its Postfilialen network.

Emerging players

• Revolut Austria: UK-headquartered fintech with strong Austrian user base offering multi-currency accounts, debit cards, and crypto/trading features. Competes with Bank99 for digitally native retail customers, particularly younger demographics.
• N26: Berlin-headquartered digital bank with Austrian operations (formerly TARGET Merchant Services, regulated BaFin) targeting Austrian retail customers with current accounts, cards, and savings. Competes against Bank99 on digital-first experience and consumer-deposit pricing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCFOsr_jKnL09uroJt3xdKAw
• Facebookfacebook.com/bank99
• LinkedInlinkedin.com/company/bank99
• Instagraminstagram.com/bank99

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

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 Bank99