Opening a Bank Account in Portugal

How to open a bank account in Portugal...

Each bank has its own forms – usually between two or three that the prospective client must fill out. The forms (Formulários) can usually be downloaded online and handed into the nearest branch. Applicants will have to sign the following:

  • A General Application Form (Identificação de Títulares e Ficha de Assinaturas)
  • Client Details & Adherence to Products and Services (Dados de Cliente e Adesão a Productos e Serviços)
  • Acceptance of General Conditions and Terms (Condições Gerais)

EU citizens

To open a bank account in Portugal the following documentation is required from an EU citizen:

  • Passport or Identity Card (Passaporte/Bilhete de Identidade)
  • Tax Number (NIF) and card (Numero Fiscal de Contribuinte) available from the local finance office (financas)
  • Residency Card (Cartão de Residencia)
  • Proof of Residence (Comprovativo de Morada em Portugal). Any document which has proof of name and address such as utility bills, driving licence

Non-EU citizens

People from outside the EU will need the following documents:

  • Passport (Passaporte) and other valid document proving identification with a colour photograph
  • Proof of home address in country of origin (Comprovativo de Morada no Pais de Origem)
  • Tax Card (Cartão de Contribuinte)
  • Proof of profession or contract of employment and company details (Comprovativo de Profissão e Entidade Patrona)