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Get Your Bank Account Now!
Don't wait any longer, and get your Portuguese bank account online quickly and easily!
Have questions? Consult one of our relocation experts for free!
A Portuguese bank account is one of the most common requirements for any visa application to live in Portugal, as well as the AIMA residency card interview. It is also a great alternative for those wishing to invest or house their funds in Portugal. 🏦
However, even if you already have an NIF, creating a bank account outside of Portugal can be challenging. 😬
In this article, we will discuss how you can open a bank account in Portugal before moving in, and how it can be easier than expected.
Several services use direct debit to request payments via Portuguese iban. Typically, you set up water, electricity, phone, and internet bills with a direct debit from your Portuguese bank account. This also qualifies your account for year-long discounts. 😊
With a Portuguese bank account, you'll have access to MBWay, a rapid transfer and payment service associated with your phone number that is exempt from fees. Money transfers are available immediately, and you can also use the service to withdraw money or make payments in any store. 📱
Portugal is a desirable location for international banking due to its stable economy and strong banking system. Even for foreigners, t**he country provides a safe and secure environment for your financial assets.
For expatriates, having a local bank account in Portugal simplifies various aspects of investment, such as purchasing a property or investing in business or the financial market. However, the primary benefit lies in ensuring you're ready for your visa appointment by fulfilling this crucial requirement in your application.
Don't waste time and money for your relocation to Portugal 🇵🇹
Yes! 😊
Non-resident foreigners are allowed to open a bank account in Portugal, as long as it presents a Portuguese NIF (Portuguese tax ID number).
When opening a bank account in Portugal in person, you will need to provide the following information 🏦:
Only foreigners with residence permits or Portuguese citizens (citizen card holders) may apply remotely for a bank account in Portugal. 😬
Here at AnchorLess, you can easily open a bank account in Portugal remotely before arriving in Portugal. You'll need to present:
Banks can also request additional documents to grant your account. You'll have a flexible timeframe to prepare and provide, if needed.
Don't waste time and money for your relocation to Portugal 🇵🇹
Several banks in Portugal are renowned for their excellent service and robust online banking platforms. Some of the top choices, and most traditional banks, are 🏦:
There are several international banks, such as Credite Agricole, and digital banks available in Portugal, such as ActivoBank, that also offer bank accounts services for foreigners, within the same limitations as the traditional banks 😊.
When choosing a bank, examine the services, accessibility (english speaking options, or agency location) and fees provided by various institutions. Reading customer reviews can also reveal information about the bank's customer service quality and overall reliability.
AnchorLess partners with Millenium BCP, one of Portugal's most prestigious banks.
Our solution includes a premium account with an English-speaking manager, as well as English-language web platforms and apps.
This regular checking account caters to your daily financial needs 💸. You may easily deposit and retrieve money, make payments, and utilize a variety of financial services.
Opening a joint account is a great option for couples or business partners who want to manage their finances together.
It allows multiple people to easily access and control the account. This feature allows all account owners to easily access funds and work together to manage their finances. 🤝
Opening a savings account allows you to save money and earn interest on the funds you put in. Although it may offer a lower interest rate compared to other investment options, it provides quick use of your funds if necessary. 💰
Perfect for those looking to invest a specific amount for a set period of time and earn interest. The duration can vary from a few months to several years, depending on the agreed timeline. 💰
You can use your bank account in Portugal for 💳:
There are several benefits involved in having a bank account in Portugal, which are 💡:
Your request may be denied if you don't meet the criteria or provide the requested document. If you believe a mistake occurred, you have the option to file a complaint with the Bank of Portugal, the agency overseeing bank behavior in Portugal. 💬
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AnchorLess is not a bank, accounting, tax, investment, or legal advisor. We serve as an intermediary, streamlining your access to accredited financial and legal professionals for your relocation in Europe.
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