Opening a bank account in Portugal is a fundamental step in establishing your financial presence and managing your affairs with ease. Whether for daily transactions, mortgage arrangements, or as a stepping stone to property investment, a local bank account is indispensable.
With Lagos Homes, you can open a Portuguese bank account from anywhere in the world with our trusted banking partner. Opt for an individual or a joint account with multiple owners — all simplified, with no need for document notarization or apostilles.
Service Options: Tailored to Your Needs
Remote Account Opening
Experience the convenience of opening your bank account entirely remotely. Our service includes signature certification by a reputable law firm in Portugal, ensuring a secure and compliant process.
In-Person Account Opening
If you're in Portugal or planning to visit soon, we offer assistance with in-person account opening. Our team is ready to help you set up your account in major cities including Lisbon, Porto, and Santarem.
Opening a Portuguese Bank Account
Valid passport (or National ID card for EU citizens)
Proof of address outside Portugal: A recent utility bill or bank statement in your name
Proof of Employment: recent pay slip or an employment contract
NIF tax ID: essential for financial activities
Banks in Portugal
Millennium BCP: Banco Comercial Português, commonly known as Millennium bcp, is one of the largest banks in Portugal. It offers a range of financial services, including retail and commercial banking.
Caixa Geral de Depósitos (CGD): CGD is a state-owned bank and the largest in Portugal. It provides a wide array of banking services and operates both domestically and internationally.
Novo Banco: Created as a result of the resolution of Banco Espírito Santo, Novo Banco is a private bank offering retail and commercial banking services.
Santander Totta: Banco Santander Totta is a subsidiary of the Spanish Santander Group. It is one of the leading private banks in Portugal, providing retail and corporate banking services.
BPI (Bank of Investment): Banco BPI is part of the Spanish CaixaBank group. It offers a range of financial products, including banking and insurance services.
Montepio: Caixa Económica Montepio Geral is a mutual savings bank. It provides retail banking services, including savings accounts and loans.
Crédito Agrícola: Crédito Agrícola is a network of cooperative banks. It operates based on a cooperative model and offers banking services to agricultural and rural communities.
EuroBic: Banco BIC Português, commonly known as EuroBic, is a private bank in Portugal. It provides banking services to individuals and businesses.
Banque BCP: Banque BCP is the Portuguese subsidiary of the French financial group Crédit Agricole. It focuses on retail banking services.
ActivoBank: ActivoBank is a digital bank operating in Portugal, providing online and mobile banking services.