Fast and Convenient Ways to Open Portugal Bank Account
Easiest Application Procedure with the experts help
Your Portugal Bank Account is Just a few Click Away
Why Choose Our Service to Get a Portugal Bank Account
Dedicated Accounts Manager
A dedicated Account’s Manager to assist you in every steps of your financing
Premium Account Features
Premium Bank account that features useful privileges
Get Introduced to Bank
You get to be introduced with a Portugal Bank Representative in one-on-one conversation no matter where you are residing.
Personal/Business Accounts
A wide range of Portugal bank account options to choose from, including both personal and business accounts from reputed Portugal banks Millennium bcp
Low Account Rate
Most competitive Portugal bank account rates on the market, making it an affordable option for everyone
Online Application
A complete online application procedure for opening your bank account in Portugal
Requirements to Open a Portuguese Bank account
There are a few requirements that must be met in order to open a Portugal bank account, These are
- Individuals must have proof of identity and residency. A passport or national ID card is typically sufficient for this
- Individuals must need to have Número de Identificação Fiscal (NIF) which is a Taxpayer Identification Number in Portugal
- A Power-of attorney to grant us access to process the application
- Individuals will need to make an initial deposit into their account. The amount required varies by bank, but is typically around €250
How to Open a Portugal Bank Account
- The first step is to fill out our online application form
- Once you have filled out the form, we will need to verify your identity and address. This can be done by providing us with a copy of your passport and proof of residence (e.g. a utility bill or bank statement)
- Once your identity and address have been verified, we will place your application to open your Portugal Bank Account and send you all the necessary documentation and instructions
- Finally, In 3-4 weeks, You will get your Portugal Bank Account once the review is complete. You can then start using your Portugal Bank Account to send and receive payments, and take advantage of our wide range of banking services
Benefits of Bank Accounts in Portugal
- Portugal bank accounts offer great security and peace of mind, as your funds are protected by the Portuguese government
- A wide range of convenient features and benefits, such as online banking, mobile banking, and SMS banking. This allows you to easily manage your finances on the go
- A Portugal bank account is the next mandatory step when you open a Portuguese company in Portugal for residency
- Ensure the purchase of high-quality yet affordable healthcare and Medical insurance
- A wide range of Banking network such as ATM and branches throughout the country to manage your finance
- Pay the utility bills and daily transaction through the multiple ATMs
FAQ's
Can I open a Portuguese bank account from abroad?
Yes, you can open a Portuguese bank account from abroad. You will need to provide some documentation, such as your passport, proof of residence, and a Portugal NIF. The process can be time consuming but relatively fast with us as our experts will guide you in every step of the process.
Do I need a visa to open a Portuguese bank account?
No, You don’t need a Visa to open a Portugal Bank account. All you need is to submit the below documents to us,
- Your Passport (Valid for 6 Months at least)
- Proof of Residence (ex. Utility bill)
- Portugal NIF
As long as you are a citizen of a European Union country, you can open an account without any special paperwork or procedures.
How do I transfer money to my Portugal bank account?
You can wire transfer to your Portugal Bank Account from your home country. If you are residing in a European zone, You can transfer money via IBAN network to your Portugal Bank Account.
You can also transfer via online payment processing systems like Western Union (WU), Wise and etc.
How long does it take to Open a Portuguese bank account?
How much does it cost to open a Portugal Bank Account?
The cost of opening a Bank account with us is €500.
