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Bank Account

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

  1. 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.

     

  2. 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.

REQUIREMENTS

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

Image by Andrew Neel

Banks in Portugal

A brown wallet with different credit cards showing describing the banks in Portugal list as part of the real estate legal services offered by the trusted buyer's agent Lagos Homes in the Algarve assisting your property purchase in Portugal

  1. 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.
     

  2. 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.
     

  3. 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.
     

  4. 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.
     

  5. 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.
     

  6. Montepio: Caixa Económica Montepio Geral is a mutual savings bank. It provides retail banking services, including savings accounts and loans.
     

  7. 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.
     

  8. EuroBic: Banco BIC Português, commonly known as EuroBic, is a private bank in Portugal. It provides banking services to individuals and businesses.
     

  9. Banque BCP: Banque BCP is the Portuguese subsidiary of the French financial group Crédit Agricole. It focuses on retail banking services.
     

  10. ActivoBank: ActivoBank is a digital bank operating in Portugal, providing online and mobile banking services.

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