6 steps to open a bank account
Opening a bank account in Portugal can be a fairly simple process if you have the necessary documents and the appropriate status in the country. Below are the general steps you need to follow in order to open a bank account in Portugal:
1. Choose a bank: There are many banks in Portugal and you need to choose the bank that best suits your needs. Some of the most common banks in Portugal include Caixa Geral de Depósitos, Millennium bcp, Santander Totta, Novo Banco and BPI.
2. Gather the necessary documents: You will need the following documents to open a bank account in Portugal:
- Passport or identification card (Cartão de Cidadão)
- Extended residence or work visa
- Proof of income (e.g. bank statement or certificate of employment)
3. Visit a bank: Once you have chosen a bank and prepared the necessary documents, you can make an appointment at the bank and declare your intention to open a bank account.
4. Fill in the questionnaire: The bank will give you a questionnaire to fill in with personal information, income and other information.
5. Sign documents: After completing the questionnaire and providing the required documents, you must sign the documents required to open the account.
6. Make a deposit: Some banks may require you to make a deposit when you open the account.
After completing all these steps, you should have access to your new bank account in Portugal. It is important to remember that procedures and requirements may vary depending on the specific bank and your personal circumstances, so it is recommended to contact your chosen bank for more information.