Open a Portuguese bank account online
From Anywhere to Portugal: Open Your Bank Account Online
We offer the service of online bank account opening in Portugal.
Thanks to our cooperation with the most trustworthy Portuguese banks, we are able to offer a simplified procedure and a range of choices.
SUPPORTING SEAMLESS RELOCATIONS SINCE 2013.
Understandable
All communication with the bank will be handled by our local legal team that is located in Portugal.
Convenient
Simple and fast procedure to save you the time and effort.
Personal
You will have a dedicated account manager, always within easy reach of just a WhatsApp text.
We simplify the process of opening a Portuguese bank account remote and make it as easy as it gets!
What’s the Portuguese Bank account opening process?
1
Send application
Fill out a quick online form
2
Get verified
Verify your identity in minutes
3
Upload documents
Upload all required documents
4
Get your bank account access
You'll get your IBAN and personal account access codes
There are two options for the bank account opening
REMOTELY
- Whole process is carried out online, you don’t even have to leave the house
- Bank will send your bank cards, they will be delivered by the bank to your door by mail
- This option takes 3-4 weeks (estimated time based on provided documents and not guaranteed)
- The cost of process fee is 299 EUR
IN PERSON
- If you are in Portugal in person
- Our employee will follow you to the bank office to help not only with papers, but also to cope with the language barrier
- This option takes just 3-4 days (estimated time based on provided documents and not guaranteed)
- The cost of process fee is 499 EUR
Please, note: to open a business bank account it's required to obtain a personal account first.
From Those Who've Experienced Excellence
Hear directly from our customers about the ease and efficiency of our services.
Bank account features
TYPE OF ACCOUNT:
Prestige
MONTHLY COST:
8.20 EUR
MINIMUM DEPOSIT:
250 EUR
WHAT IT INCLUDES:
- IBAN PT50
- Online bank access via Mobile App
- Personal English speaking Account manager
Conditions for Opening a Bank Account
EU and UK citizens
Passive Income Client
- Monthly income greater than €870/month (likely from pensions, rental income, dividends, etc.)
Key Client
- Salary or invoice (self-employed) of more than €870/month
- OR bank statement showing more than €35,000 in savings
- OR buying property in Portugal (have CPCV)
NON-EU citizens
Passive Income Client
- Monthly income greater than €870/month (likely from pensions, rental income, dividends, etc.)
Key Client
- Salary or invoice (self-employed) of more than €870/month
- OR bank statement showing more than €35,000 in savings
- OR buying property in Portugal (have CPCV)
Required documents
IMPORTANT! Please note that all documents you provide must be either in English or Portuguese.
1. Passport scan
Only allowed format is scanned copies, photos are not accepted.
2. Proof of residence
Can be a utility bill or bank statements, issued in the last 3 months.
3. Proof of income
Work income
- Pay slip issued last 3 months
- Work contract issued less than 1 year ago
Freelance
- registration of activity, invoice
Passive income (more than 870 euros)
- Pension (letter from government, social security, tax report)
- Rental income (Rental Receipts, contract, tax declaration)
- Royalties, dividends
- Financial Asset Portfolio
4. Tax number from the country of residence
If you are taxed outside of Portugal, you are required to provide a document containing your tax ID number from this country. It should be the Tax Number of the same country, that is written in address field in your NIF certificate! Please note that some countries put this number in passports or identification cards. It is up to you to provide all the required information.
5. Bank statements
Bank statements for the period of the last 3 months (proving your source of income or related to your income transaction)
6. Tax return
Provide your personal tax return for the last year.
7. Portuguese NIF
NIF is a Portuguese tax identification number that is emitted by the Tax Department. It’s required for most of financial activities in Portugal. If you don’t have it yet, you can get it online in 3 days with our services.
The documents listed before are required to be provided, and the bank may additionally request separate documents based on its needs and your country of citizenship, employment and other reasons.
FAQ
Can a foreigner open a bank account in Portugal?
If you are a non-resident but have a NIF number (Portuguese tax number), you can open your account online.
How to open a bank account in Portugal?
To open a bank account in Portugal, you'll need to provide several essential documents, including a valid passport or ID card, proof of address (such as a utility bill), and a Portuguese tax identification number (NIF). Most banks will also require proof of income or employment, such as a work contract or pay slip. Some may request additional documentation, depending on the type of account. You can open an account either in person at a bank branch or online with certain banks offering digital services. Non-residents are also allowed to open accounts, but they may face additional requirements or restrictions.
What bank can you help to open in Portugal for foreigners?
Novobanco is one of the best banks in Portugal for foreigners, we are able to open remotely. The top banks in Portugal Millennium BCP, Banco Santander Totta, Caixa Geral de Depósitos we are able to open only in person.
Can I open bank account in Portugal without TRC?
Yes, sure can.
All you'll need is a representative to get your NIF sorted out, then open the account on your behalf. You don't even need proof of an address in Portugal.
What is the minimum amount to open a bank account in Portugal?
In most Portuguese banks, you need to make an initial deposit in order to open your account.
You can bring cash to the bank to deposit, or you can make a transfer from another account while you're at the branch. This amount varies, but is usually between €200 and €300.