Portugal · Banking · Online service
Open a Portuguese bank account online
Get a Portuguese IBAN with online access and bank cards delivered to your door — we cooperate with the most trustworthy Portuguese banks to offer a simplified procedure and a range of choices, remotely or in person.
- Since 2013
- 4 steps, fully online
- IBAN + account access codes
- Remotely or in person
- Dedicated manager on WhatsApp
What clients say
Supporting seamless relocations since 2013
We are the best in business administration services.
We simplify the process of opening a Portuguese bank account remote and make it as easy as it gets!
All communication with the bank will be handled by our local legal team that is located in Portugal.
Simple and fast procedure to save you the time and effort.
You will have a dedicated account manager, always within easy reach of just a WhatsApp text.
What’s the Portuguese Bank account opening process?
- Send application Fill out a quick online form
- Get verified Verify your identity in minutes
- Upload documents Upload all required documents
- 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 499 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 799 EUR
Please, note: to open a business bank account it’s required to obtain a personal account first.
Bank account features
| Type of account | Prestige |
|---|---|
| Monthly cost | 8.20 EUR |
| Minimum deposit | 250 EUR |
| What it includes |
|
Conditions for opening a bank account
| Client profile | Qualifying condition | EU and UK citizens | Non-EU citizens |
|---|---|---|---|
| Passive Income Client | Monthly income — likely from pensions, rental income, dividends, etc. | Greater than €920/month | Greater than €920/month |
| Key Client | Salary or invoice (self-employed) | More than €870/month | More than €5000/month |
| Key Client | OR bank statement showing savings | More than €35,000 | More than €35,000 |
| Key Client | OR buying property in Portugal | Have CPCV | Have CPCV |
Required documents
IMPORTANT! Please note that all documents you provide must be either in English or Portuguese.
Passport scan
Only allowed format is scanned copies, photos are not accepted.
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
- Pension (letter from government, social security, tax report)
- Rental income (Rental Receipts, contract, tax declaration)
- Royalties, dividends
- Financial Asset Portfolio
Proof of residence
Can be a utility bill or bank statements, issued in the last 3 months.
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.
Bank statements
Bank statements for the period of the last 3 months (proving your source of income or related to your income transaction)
Tax return
Provide your personal tax return for the last year.
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. The exact amount varies by bank — for the account we open, see the minimum deposit in the account features above.