Banking in Portugal
Information on opening a Portuguese bank account - what documents to provide - the credit and debit cards, payment methods cheques and more...
Portuguese banks offer a wide range of accounts and financial services including current and savings accounts, joint accounts, business accounts, online banking, and special interest bearing accounts for paying taxes such as IRS (Income Tax) and IVA (Value Added Tax). There are also accounts aimed at children and young savers, students and pensioners. Most banks offer pension top-up schemes, and other services.
Note that temporary visitors and newly arrived residents in Portugal may use any foreign card with a Visa sign: Barclaycard, Connect Card, Switch (Visa), Carte Bleu, Visa Electron, Master Card, American Express etc. Some non-electronic cards cannot be used. Transaction charges apply when using an international card.
Major Portuguese Retail Banks
- Millennium BCP
Tel: 707 502 424
- Novo Banco (formerly Banco Espírito Santo - BES)
- Tel: 707 247 365
- Banco Bilbao e Vizcaya (BBVA)
Tel: 707 256 256
- Banco Português de Investimento SA (BPI) (in Portuguese)
Tel: 808 200 500 (Blue Line)
- Santander Totta (in Portuguese)
Tel: 707 21 24 24/ 217 807 364
- Barclays Bank (in Portuguese)
Tel: 707 505 050
Note: Check costs for calling 707 numbers, which are more expensive to call than other telephone numbers.
Portuguese banks are usually open from 08:30-15:00 Mondays to Friday (some have extended hours on Fridays to 16:00), with some open on Saturdays. They typically are open-plan with a central counter (Balcão) and a number of staff. Queues at lunchtime and on Fridays are long. The quietest times to carry out business are between 10:00 and 11:30.