Open a Portugal Bank Account Prices

Learn how to open a bank account in Portugal remotely with our step-by-step guide. Compare prices and processing times from top firms to save time and money.
Ana Fankhauser
February 14, 2023

It's crucial to keep in mind that the advantages of having a bank account in Portugal depend on your unique financial requirements and circumstances. To find the bank that best suits your needs, it is a good idea to research various financial institutions and their account offerings.

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Why do I require remote bank account opening in Portugal?

You might want to open a bank account in Portugal online for the following reasons:

  1. Convenience: Opening a bank account online can be more practical than physically going to a bank branch. This is particularly true if you do not actually reside in Portugal or if travel or other obstacles prevent you from visiting a bank branch.
  2. Financial management: When residing or working in Portugal, having a bank account can help you better manage your money. This can include handling your finances and paying bills as well as receiving payments.
  3. Credit history: Having a bank account in Portugal can help you build a credit history if you intend to reside there for an extended period of time. This can be beneficial if you plan to apply for loans or credit cards in the future.
  4. Exchange rates: Depending on the currency you are using, you may be able to take advantage of favorable exchange rates by opening a bank account in Portugal.

When you apply for a D7 Visa or Golden Visa, one of the requirements is to open a Portuguese bank account. This can be done remotely, and our verified partners can help you with this process. We compare prices from four leading firms to help you get the best deal on this service.

How long does it take to open a bank account?

It typically takes about a week to open a bank account in Portugal. Usually, you have to fill out an application form, show proof of your identity, and maybe even meet with a bank representative. You may also need to show proof of where you live, like a utility bill or lease.

To open a bank account in Portugal, you will need to provide some basic personal and identification information, such as your name, address, date of birth, and identification number (if you are a resident). You may also need to show proof of where you live, like a utility bill or lease.

You will need to go to a bank branch to finish the process after you have gathered the necessary documents and filled out the application form. You might need to talk to a bank rep about your account options and sign any necessary paperwork.

It is important to note that the process for opening a bank account in Portugal may vary depending on the bank and the type of account you are opening. Some banks may require additional documentation or have different requirements for opening an account. It is a good idea to contact the bank directly or visit their website for specific information about their account opening process.

What are the benefits of having a Portuguese bank account?

There are many benefits to having a Portuguese bank account, even if you are not a resident of Portugal. Some of these benefits include:

  • Access to Portuguese banking services and products
  • The ability to manage your finances in Euros
  • A convenient way to send and receive money internationally
  • Protection under Portuguese banking regulations

Opening a bank account in Portugal remotely is a simple process. One of our verified partners can help you in this regard. We compare prices for this service from four major providers to ensure you get the best deal possible.

Best companies to open a bank account

Company Service Price
MovingTo Open bank account remotly 340 EUR Apply
Bordr Open bank account remotly 350 USD Apply
Almeida, Dias and Associados Open bank account remotly 500 EUR Apply
Lexidy Open bank account remotly 500 EUR Apply
RHJ Open bank account remotly 350 EUR Apply


Special Discount: 10% OFF on all services. Click the Go to site button to get the discounts. Bordr helps people abroad to obtain a Portuguese NIF, Open a bank account remotely, and Portuguese Birth Certificates. They're a favourite amongst the community and come highly rated.

Bordr review


Excellent 4.9

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Almeida, Dias & Associados

Almeida, Dias & Associados is a renowned Law Firm founded in 2009 by two experienced lawyers. They specialize in Sports, Real Estate, Immigration, Commercial, and Tax Law, and their multidisciplinary administrative team provides excellent support. With rigorous, transparent, and independent values, they have a global presence and attract clients from all five continents. Offices located in Lisbon, Tomar, and São Paulo, providing exceptional legal services.


Excellent 4.5

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Lexidy Law Boutique

Lexidy Law Boutique is a company that helps nomads, entrepreneurs, businesses, and retirees who want to move to Portugal with a variety of legal services. The Lexidy team helps clients all the way through the process of getting visas, buying real estate, registering businesses, and filling out tax forms.

Lexidy Law Boutique review


Excellent 5.0

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RHJ Group

RHJ Group provides professional services for ex-pats and businesses – worldwide. Their expert team of accountants, solicitors and partners specialise in complex and international sources of income, cross border business transactions and operate in multiple tax jurisdictions, including NHR services.

RHJ Group review


Reasonable 1.5

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Written by
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Ana Fankhauser

Ana has worked in many startups and moved to a few countries, which led her to create MovingTo. She believes that remote work is a growing trend that is here to stay and that digital nomads will move to countries that have more to offer than the ones you were born into. She mostly writes opinion pieces for MovingTo.

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