Does BAWAG accept unlicensed financial services businesses? (October 2026)
With conditions: as of October 16, 2026, BAWAG accepts unlicensed financial services businesses with conditions, per its published policy.
With conditions
Licensee: BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft (European Central Bank / FMA Austria)
What the policy says
In particular, the following business segments are restricted and, thus, require an EDD on a risk-based approach and the approval by the AML Office: … payment service providers; … money or value transfer services / money service business;
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