Credit Reference Letter Template for Austria

A Credit Reference Letter is a crucial document in Austrian business practice, issued by banks to their customers for various commercial purposes. It serves as an official verification of a client's banking relationship and creditworthiness, commonly required for business transactions, rental agreements, visa applications, or establishing new business relationships. The document must comply with Austrian banking regulations, particularly the Bankwesengesetz (BWG) and data protection laws. Banks issue these letters based on their customer's standing and transaction history, including specific statements about the banking relationship, account conduct, and credit status. The level of detail can vary depending on the purpose and the customer's authorization, ranging from basic relationship confirmation to detailed financial information.

1. Letterhead and Date: Bank's official letterhead, including full contact details and date of issuance

2. Recipient Details: Full name and address of the recipient/requesting party

3. Subject Line: Clear identification as a Credit Reference Letter and reference to the customer

4. Customer Identification: Full legal name, address, and relationship duration with the bank

5. Relationship Statement: Description of the banking relationship and account standing

6. Credit Standing: Statement about the customer's credit history and current standing

7. Authorization Statement: Confirmation that the letter is issued with customer's consent

8. Disclaimer: Standard banking disclaimers and limitation of liability

9. Signatory Block: Authorized bank representative's signature, name, and position