Banking Account in Portugal

We at PRISCO can make your life easier, we’ll assist you to opening a bank account in Portugal.

When moving to Portugal, make sure your money is in the right hands by opening the right bank account for you. Whether you’re working, studying, or retiring to Portugal, there is a range of options right for your needs.

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 will need to go through the following procedures.

We will help you to opening a banking account in most of the banks in Portugal. If you don’t speak Portuguese don’t you worry, we are here for you and most of our banking officers speaks 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., utilities 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 certain 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 at your home address any credit and debit cards associated with the account within a few days.

We can also help you to open your bank account remotely if you are not in Portugal and can not visit the branch.

In case of any further questions you may contact our legal department for answers, by email juridico@advocaciadoprado.com or by whatsapp on +351 910 371 618