Banking Account in Portugal
Relocating to Portugal?
We at AtoZ Serwis Plus can make your life easier; we’ll assist you in opening a bank account in Portugal.
When moving to Portugal, please ensure your money is in the right hands by opening the correct bank account. Whether you’re working, studying, or retiring to Portugal, there are a range of options for your needs.
Opening a bank account in Portugal
Most banks in Portugal require you to visit a local branch to open a bank account, although a few allow you to open a Portuguese bank account online. How to open a bank account in Portugal varies slightly from bank to bank, but as a rough guide, you must go through the following procedures.
We will help you to open a banking account in most of the banks in Portugal. If you don’t speak Portuguese, don’t worry; we are here for you, and most of our banking officers speak fluent English.
Before opening your bank account, we need to obtain certain documents, such as;
- proof of ID (e.g., a passport)
- proof of address (e.g., utility bill)
- pay slip or proof of employment (Declaration as self-employed, if the case)
- your Portuguese NIF number
If you are opening up a non-resident account in Portugal, you will usually have to provide details of your overseas address used for tax purposes.
You will also need to provide any information specific to the account you are opening, like proof of studying if opening a student bank account in Portugal, along with the minimum deposit (usually 50 euro). Some banks may ask for a residency or citizens card if they stipulate that you must be a Portuguese resident to open a specific type of account.
Once you have completed the application and submitted the necessary documents, the process is complete, and your account is open. The whole thing usually takes around 30 minutes. You will receive any credit and debit cards associated with the report at your home address within a few days.
