Portugal Bank Account
Portuguese Bank Account
Open your Portugal bank account easily and remotely online. No apostille or power of attorney required.
$325
Get your Portuguese bank account easily from almost anywhere in the world. It takes just 5-10 business days* to open an account with one of the best banks in Portugal, with no notarization, certification, apostille, or power of attorney required.
Your account may be a single or joint account. It includes a debit card and credit card with no annual charge, an app where you can manage your account in English, online banking in English, and a low maintenance fee of under €10 per month.
Whether you need your bank account to apply for a visa or to pay rent for your new Portuguese home, StartAbroad can help.
* in most cases. Some clients from certain nationalities, with certain professions, or with certain names may be placed under a longer review period by the bank. Please see the FAQ below for more information on clients who are likely to experience a longer review period.
How It Works
Book online
Book online for just $325 and get started immediately
Send your documents
We’ll provide a list of documents to send directly to the bank
Get your bank account
Your account will be opened, in most cases in under 10 business days. You will receive your IBAN, get access to your online account, and you’ll be sent a debit and credit card via international mail.
Fund your account
Transfer €1000 to your account within 5 business days. Once you live in Portugal, you can reduce this amount.
Need Your NIF?
You will need a Portuguese tax identification number, or Número de Identificaçao Fiscal (NIF), to apply for your Portuguese bank account. We can help with that too!
Frequently asked questions
What documents do I need to provide?
You will need to provide all of the below in scanned PDF, in a small file size (under 1MB per file), and will need to send all via email directly to the bank:
- Passport
- Proof of address (tax return, utility bill, driver’s license, or bank statement)
- 3 most recent months of statements proving financial assets
- NIF
- (USA only) signed W9
- Proof of income (employer letter, proof of business ownership, or most recent 3 months of paystubs or retirement income)
- Latest tax return
- Portugal lease agreement, if you have one
- Portugal visa, if you have one
You will also need to send the following written information:
- Personal information: marital status, name of father and mother, educational degrees, profession, employment status, telephone, and email
- Expected number and amounts of transactions and bank of origin for any transfers
When could it take more than 5-10 business days to open an account?
Some nationalities, professions, and names are likely to trigger a compliance procedure by the bank, which may result in a longer wait time before your account can be opened. In particular, nationals of South American and Asian countries (including Turkey) may need to clear the compliance procedure. Anyone working in the banking industry may need to clear compliance. There are also some names and surnames which could trigger the compliance procedure.
If you must go through the compliance procedure, the timeline to open an account is likely to take several weeks, although it is variable. If you have any questions about this, please send an email to [email protected].
Do I really need to send €1000 within 5 business days?
The minimum initial deposit amount does change occasionally due to bank policy. If it is less than €1000 we will let you know upon booking. It will not be more than €1000. You need to make the initial deposit within 5 business days or your account will be closed and the process will need to be re-started.
How can I get my account opened asap?
You need to send all required documents in PDF form and all scanned documents must be clear and easy to read, on a white background. You should submit all documents to the bank at the same time.
Preparing your documents well and submitting all of them at the same time will save time and lead to a faster approval.
Not sure where to start?
Speak with an international relocation specialist for free
StartAbroad client reviews
StartAbroad made the process easy and manageable. Anna is the BEST, she informed me of the necessary steps to get me to Portugal. StartAbroad helped with housing, needed documents, and the million questions I had. I highly recommend their services if you want an easy and very manageable process to travel and live overseas.
Joyce L.
Portugal Concierge Client
“I’m so glad StartAbroad exists! It made getting my digital nomad visa a breeze…Moving can be a challenge, so having a company like StartAbroad make the process easier meant there was one less thing to worry about. It gave me peace of mind and freed up my time to focus on other things.”
Elle H.
Digital Nomad Visa Client
“These guys saved our family so much time – it’s quite difficult to quantify the value of their service…clearly they care very much about what they are doing and their work reflects this. Thanks again guys!
