HOT TIP
Open your bank account in Portugal before you arrive to save time and money!
DO I REALLY NEED TO OPEN A BANK ACCOUNT IN PORTUGAL?
You’ll need a Portuguese bank account if you want to apply for a mortgage to fund purchasing a property in Portugal.
One of the most commonly accepted modes of payment (other than cash) is Portugal’s Multibanco system. It is only accessible via a Portuguese bank account, so if you are relocating to the country or know you’ll be spending long periods in Portugal, consider opening an account.
Note that you will need a NIF to open a bank account in Portugal.
Here’s how to open a Portuguese bank account from the comfort of your own home:
Add to cart and checkout.
Cost: 350€
Turnaround time: 2-4 weeks
NIF: You will need a Portuguese NIF to open a bank account in Portugal. Order your bank account and NIF together to save time and money!
Dedicated Assistance: Once your order is complete you will receive a checklist of documents to send to us to start opening your bank account. We will be there to support, assist and and answer any questions you may have.
Deposit required upon opening your bank account: 250€ - 350€*
*Purchasing this service does not include the Deposit amount required by the bank to open your account nor any bank fees.
Document checklist:
After your order, you will receive a list of documents and account opening forms needed to start processing and opening your bank account in Portugal.
Here are the documents you can expect to send:
NIF
Passport
Proof of address
Proof of income/employment
Signed bank account opening forms
Congratulations!
You now have a Portuguese bank account. With this account you’ll be able to apply for a mortgage, pay bills and more!