How to open a bank account in Portugal
A local bank account can make life much easier if you plan to live in Portugal. Pay for many services is much more convenient with a local card, the bank's mobile app, or the MBWay app. Portugal is one of the easiest countries to open a bank account for a non-resident in the EU.
When applying for many types of D visas, an account is necessary to deposit money and demonstrate sufficient savings to live in the country.
No one can guarantee that a particular bank will open your account. However, we can advise on how to increase your chances.
Step 1. Prepare the necessary documents
1. Passport or ID-card
Portuguese tax number. You can get it in person at the tax offices or with our help online. Read more here.
3. Proof of address in your home country.
A sim card delivery note, foreign bank statement, and customs forms will be ok. It must be in English or Portuguese.
4. Proof of address in Portugal.
5. Proof of profession/employer of all account holders dated less than one year (translated into Portuguese)
6. Foreign taxpayer official document (translated into Portuguese)
Also, bring €150-250 in cash to deposit into the new account.
Step 2: Visit the bank
You can come to any bank, get a ticket for consultation with the manager and inform them that you want to open an account as a non-resident. The manager will make an application.
Some of the most popular banks in Portugal are:
- Caixa Geral de Depositos
- Banco Santander Totta
- Novo Banco
- ActivoBank Portugal
- Caixa Central de Crédito Agrícola
Step 3: Opening an account
That's it. You should be walking out of the branch in 10-15 minutes with a new debit card in your hand.
Sometimes a bank needs time to send your application to head office. As soon as they get a decision, they will contact you.
Can you open a Portuguese bank account remotely?
Yes, in some cases, particularly with a power of attorney. Contact us, and we will study your case and let you know if we can help.