Open a Portuguese bank account quickly and easily. We coordinate with expat-friendly banks to help you set up checking, savings, and investment accounts for your D8 visa and life in Portugal.
Possible with: ActivoBank, Millennium BCP (select accounts)
Requirements: NIF, passport, proof of address (US or Portugal)
Timeline: 1-2 weeks for approval, physical card sent to Portugal address
Benefit: Account ready when you land
Available with: All major banks (CGD, Santander, Novo Banco, etc.)
Requirements: NIF, passport, proof of Portuguese address, sometimes residence permit
Timeline: Same-day or 3-5 days for approval, immediate debit card
Benefit: More options, easier process
Share your timeline, banking preferences, and whether you're opening remotely or in-person.
Based on your situation, we recommend the best expat-friendly bank and account type.
We help with application forms, required documents, and scheduling appointments (if needed).
Receive your account details, debit card, and online banking access. Start using immediately.
Bank recommendation + guidance
Complete application coordination
How it works: We coordinate with expat-friendly Portuguese banks to help you open accounts. We do NOT open accounts on your behalf—you remain the account holder and must complete the bank's application process. Our service fee covers personalized guidance, application assistance, and coordination with the bank. Bank fees (if any) are paid separately to the bank.
Yes, with certain banks like ActivoBank and some Millennium BCP accounts. You'll need your NIF (tax number) and can complete the application online. The bank will send your debit card to your Portuguese address. Other banks require in-person opening after arrival.
Yes, absolutely. All Portuguese banks require a NIF (tax identification number) before opening an account. You must obtain your NIF first—see our NIF Registration Service to get yours remotely before traveling to Portugal.
ActivoBank is most popular for remote opening and no fees. Millennium BCP and Santander are great for in-person service and English support. Caixa Geral de DepĂłsitos (CGD) is preferred if you need government-backed stability. We'll recommend based on your specific needs.
It varies. ActivoBank has no monthly fees. Traditional banks (Millennium BCP, Santander, CGD) charge €5-15/month but often waive fees if you maintain a minimum balance (€1,000-5,000) or set up direct deposit. Digital banks tend to have lower or no fees.
Yes, but you MUST report it. If your combined foreign accounts exceed $10,000 at any point during the year, you must file FBAR with FinCEN and potentially FATCA Form 8938 with your US tax return. Failure to report can result in severe penalties ($10,000+). See our Tax Consultation Service.
Remote opening: 1-2 weeks for approval. In-person opening: Same day to 5 business days. You'll typically get a temporary debit card immediately (in-person) or within a week by mail. Full debit/credit card arrives in 1-2 weeks.
Yes, most Americans keep both. Use your US account for US income/expenses and Portuguese account for local expenses. This avoids foreign transaction fees and makes money management easier. Just ensure you report both to the IRS.
We'll help you choose the right bank and guide you through the application process—whether you're opening remotely or in-person.
Expat-friendly banks • Remote & in-person options • English support