Open a Bank Account in Portugal FAQs | Visas.pt

Open a Bank Account in Portugal FAQs | Visas.pt

Answers to common questions about opening a Portuguese bank account as an expat or new resident, including remote options.

Can I open a Portuguese bank account without being in Portugal?
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Yes. Our legal team can open a bank account on your behalf remotely. We work with Portuguese banks that allow non-residents and new residents to open accounts through an authorised representative. You will need a valid passport, a NIF number, and proof of address. The process typically takes 3–7 business days.
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Which Portuguese bank is best for expats and new residents?
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The most commonly used banks by expats in Portugal are Millennium BCP, Novobanco, Santander Totta, and Caixa Geral de DepĂłsitos. Each has different fee structures and English-language support levels. Our lawyers can advise on the best option based on your specific needs (international transfers, mortgage access, investment accounts, etc.).
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What documents do I need to open a bank account in Portugal?
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You will need a valid passport, your NIF number, proof of address (either in Portugal or your home country), and in some cases proof of income or employment. Banks may also ask for tax residency documentation. Our team handles the document preparation and submission process for you.
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