How do I open a bank account in Portugal?

Most banks in Portugal offer a choice of accounts that meet customer needs and offer a wide range of services.

Banking costs in Portugal are usually slightly higher than in other countries, with monthly costs that are usually around 5-7 euros.

It is possible for non-residents to open a bank account in Portugal. The same documents are required for this case.

Accounts are usually approved on the same day.

If a customer wants a joint account, this is possible. it is important to determine whether a single or joint signature is required to withdraw money when opening a joint account.

These are the documents needed to open an account in Portugal:

     • Passport or identity card

     • Portuguese tax number

     • Completed proof of signature form

     • Proof of address (Invoice electricity, ..)

• Residential Número de Contribuinte


For more questions, contact ILBE.BE Via Info@ilbe.be or by telephone: 0032478934121

written by ILBE staff

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