How to Open a Portuguese Bank Account Remotely (2025 Guide)
Opening a Portuguese bank account remotely is a crucial step for anyone planning to move to Portugal. Whether you’re applying for a visa, investing, or preparing to live abroad, having a local account simplifies everything—from bill payments to residency requirements.
But what if you’re still abroad? The good news is: yes, you can open a Portuguese bank account remotely, and the process is more accessible than it used to be—if done correctly.
In this guide, we’ll walk you through how to open a bank account in Portugal from outside the country, what documents are required, which banks are most friendly to foreigners, and what to expect from the process.
Why You Need a Portuguese Bank Account
Whether you’re applying for residency or just planning your life in Portugal, a local bank account comes with several practical and legal advantages:
- Visa Requirement: All visa types require proof of local financial resources, typically via a Portuguese IBAN.
- Bill Payments: Utilities and telecoms are often set up via direct debit from a Portuguese account.
- Local Transfers: Services like MB Way and Multibanco simplify everyday payments and are only accessible with a Portuguese bank.
- Investment & Property: A local account streamlines real estate purchases, business investments, and currency transfers.
Can Non-Residents Open a Bank Account?
Yes. Foreigners can open a bank account in Portugal—even before moving—under certain conditions. However, the process differs depending on whether you’re physically present or applying remotely.
In-person applications are open to most nationalities with a valid ID and Portuguese tax number (NIF).
Remote applications are typically restricted to:
- Portuguese citizens
- Residents with a permit
- Non-residents using a legal representative or service provider
What Documents Are Needed?
To open an account remotely through a representative or legal provider, you’ll generally need the following:
- A valid passport
- A Portuguese NIF (tax number)
- Proof of address in your current country of residence
- Proof of income or financial means
- Your foreign tax identification number
Note: Each bank has discretion to request additional documents, such as a visa application receipt or proof of accommodation.
Which Banks Allow Remote Account Opening?
Not all banks in Portugal allow remote account opening, but several major institutions do—particularly through authorized intermediaries or legal representatives. Some of the most frequently used banks by expats include:
- Millennium BCP
- Novobanco
- Banco BPI
- Caixa Geral de Depósitos
- Santander Totta
- ActivoBank (a digital-first option)
These banks offer varying degrees of English-language support, digital access, and customer service levels. Some also assign dedicated English-speaking managers for international clients.
Choosing the Right Account Type
Here are some common account types available to individuals:
| Account Type | Best For | Notes |
|---|---|---|
| Current Account (Conta à Ordem) | Day-to-day banking | Debit card, transfers, direct debits |
| Savings Account (Conta Poupança) | Saving over time | Often low interest, but flexible |
| Time Deposit | Fixed-term savings | Higher interest for longer deposits |
| Joint Account | Couples/family | Shared access and management |
If you’re relocating, a basic current account is typically enough to meet visa requirements and settle daily expenses.
What If Your Application Is Denied?
Occasionally, banks may reject an application due to missing documents, inconsistent information, or insufficient ties to Portugal.
In that case, you can:
- Try another bank with more flexible requirements
- Request clarification and provide supplemental evidence
- File a complaint with Banco de Portugal, the central banking authority overseeing financial institutions
Can a Lawyer or Representative Help? Yes. Portuguese law allows certain regulated entities—including lawyers and financial services professionals—to open bank accounts on your behalf with a proper power of attorney.
Working with a licensed provider ensures:
- All documents are correctly formatted and translated if needed
- The bank account is opened with minimal delays
- You’re compliant with banking and immigration rules
Ready to Open Your Account?
Whether you’re applying for a visa, investing in real estate, or preparing for relocation, having a Portuguese bank account in place gives you a head start.
We help clients open their Portuguese accounts remotely before arrival, so you’re ready for your visa appointment, rental payments, or investment transfers.
Book a consultation today to learn more about our remote banking services and take the next step in your relocation to Portugal.