!!!Sparvereine

Thrift Clubs: clubs that collect money from their members at club 
meetings or informal meetings of members and deposit these funds with 
banks for the account and in the name of the individual members. 
Although this is actually a banking activity and cannot be legally 
carried out by a society, the Austrian banking law provides for the 
granting of special licences for such purposes. Thrift clubs are only 
allowed to accept money from club members; the benefits of this kind 
of saving are higher interest rates, advertising gifts etc.


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