Bank Account Opening
We help for bank account opening support in Portugal, for both personal and business accounts. Whether you’re a resident, non-resident, expat, or entrepreneur, this guide will help you understand what’s needed and how to get support.
Portugal Bank Account Opening Support
When starting a new business, professional consultancy can help you navigate the legal, financial, and operational complexities of the Portuguese market. Here’s how consultancy services can support you:
1. Personal Bank Account Support
Who Can Open One?
- Portuguese citizens
- EU/EEA nationals
- Non-EU residents and expats (including digital nomads, students, retirees)
How to Open One
- In person at a bank branch
- Online through certain banks (like ActivoBank, Millennium BCP, Revolut)
- Via service providers (e.g. Bordr, GetNIF, or lawyers if you’re abroad)
Popular Banks Offering Support
| Bank Name | Remote Opening | English Support | Notes |
|---|---|---|---|
| Millennium BCP | Yes | Yes | Online + in-branch support |
| ActivoBank | Yes | Yes | App-based and low-fee |
| Novo Banco | Some branches | Yes | May require in-person visit |
| Caixa Geral | No | Limited | Traditional state-owned bank |
| Santander Totta | Yes | Yes | Friendly for expats |
Support Channels
- English-speaking customer support at most major banks
- Chat, phone, and in-branch appointment booking
- Some banks offer digital assistants for common FAQs
2. Business Bank Account Support
Who Needs One?
- Portuguese businesses (LDA, sole proprietors, etc.)
- Foreign companies operating in Portugal
- Startups, freelancers, and remote companies
Required Documents
- Company Registration Certificate
- NIF (for the company and representatives)
- Proof of Business Address
- Identification of Shareholders or Directors
- Articles of Association
Additional Requirements
- Portuguese phone number
- May require a business plan or explanation of activities
- In-person meeting sometimes mandatory (especially for larger accounts)
Banks That Support Business Accounts
- Millennium BCP – great for startups
- Novo Banco – preferred by SMEs
- Santander – good digital interface
- CGD – more formal, but reliable
- Fintechs: Revolut Business or N26 (limited features in PT)
Professional Support Options
If you want help navigating the bureaucracy, you can hire:
- Immigration & relocation services (e.g. Bordr.io, GetNIF.pt)
- Law firms (especially if you’re not in Portugal)
- Accountants or financial consultants
They can:
- Apply for your NIF
- Book appointments
- Translate documents
- Set up accounts remotely (with power of attorney)