How to open a bank account in Portugal
Opening a bank account in Portugal as a foreigner: what banks ask for, accounts for non-residents, fees, MB Way and your rights as a bank customer.
What this guide will cover
- Do you need a Portuguese account?
- What banks ask for
- Non-resident accounts
- Fees and basic accounts
- MB Way and Multibanco
Official sources
We check our guides against these official pages. If something has changed, the official source wins.
- Banco de Portugal — Bank Customer Portal clientebancario.bportugal.pt
Need help?
Official bodies and services related to this guide. Sponsored listings are always labelled.
- Official Banking & money
Banco de Portugal — Bank Customer Portal
Plain-language guidance from the central bank on opening accounts, fees, credit and your rights as a bank customer.
- Languages
- Portuguese, English
- Where
- Nationwide · online
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MB WAY in Portugal: How It Works and How to Set It Up
What MB WAY is and how to use it in Portugal: setup step by step, sending money by phone number, paying in shops and online, limits, fees and scam warnings.
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Credit Cards in Portugal: Best Cards for Expats and Residents
How credit cards work in Portugal: debit vs credit, Multibanco and MB WAY, interest caps, fees, and how expats can apply without a local credit history.
Life Insurance in Portugal: Types, Costs and Best Options
Life insurance in Portugal explained: term life, mortgage cover, savings policies and PPR, typical costs, health questions and the main insurers.