Which bank can I open an account with?
Bordr currently opens bank accounts with the banking partners below. We work with these banks because they're able to assist with the opening of bank accounts remotely.
Please see the chart below for a comparison of the 2 types of bank accounts we currently open for customers.
| Novobanco 360º | Millennium BCP Prestige | |
| Eligibility | Option 1: Monthly gross income between €3,500 and €4,999, and at least €35,000 in savings or liquid assets Option 2: Monthly gross income of €5,000 or more (no savings or liquid assets required) |
D1/D2/D3/D7/D8 and Golden Visa (Investment Fund)* applicants *You need to provide proof of your visa application and a lease agreement in Portugal. |
| Monthly Fees | €5.72 - €8.84 | €5.20 - €15.60 |
| Branches in Portugal | 300+ | 900+ |
| Debit Card | ✔ | ✔ |
| Credit Card | ✔ Subject to approval | ✔ Subject to approval |
| Account Manager | Once you move to Portugal and update your address with the bank | ✔ |
| More Information | Novobanco Website | Millennium BCP website |
*The bank may ask for additional information and may refuse to open accounts at their discretion.
**Novobanco is FATCA compliant