Which bank can I open an account with?
Please see the chart below for a comparison of two Portuguese banks that offer remote bank account opening services.
| 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 | Millennium BCP website | |
Note: The information about bank account types is determined by Millennium and Novobanco and may change at any time. While we do our best to keep our guides up to date, we recommend contacting the banks directly for the most accurate and current details.