What can I use as proof of income for Novobanco?

In order to open a bank account with Novobanco, you need to meet the monthly income requirement of €2,500 EUR.

The type of proof of income document(s) that you need to submit depends on your current employment status. Please see the table below for more details.

Employment Status Required Documents
Employed
  1. Paystub(s) showing 1 month worth of income
    • Issued within the past 3 months
Self-Employed / Freelancer

You must provide all of the following:

  1. Latest income tax return
  2. Proof of services provided
  3. Proof of payments made by clients
    • Bank statements showing payments received
    • Document showing that payment has been made
    • Issued within the past 3 months
Business Owner

You must provide all of the following:

  1. Latest income tax return
  2. Proof of job title as business owner
    • Paystub / Annual Report / Government Issued Letter
    • Issued within the past 3 months
    • Please note that documents indicating "company owner" as the job title are not accepted.
Retired
  1. Pension or social security statement showing 1 month worth of payment
    • Issued within the past 3 months).
Property Owner

You must provide all of the following:

  1. Signed rental agreement(s)
  2. Proof of deposits
  3. Latest income tax return
Housewife / Househusband

This status is only allowed if you are applying for a joint account and the other account holder meets the monthly income requirement of €2,500 EUR.

No additional documentation is required.


Requirements

Your document must satisfy the following criteria:

  • Monthly Income Requirement
    • Your documents must demonstrate monthly income of at least €2,500 EUR.
    • Your income must be in a currency that is recognized by the Bank of Portugal.
  • Information
    • Full name (given name + surname) must match the name on your passport
    • Income details should be visible and not blacked out (e.g. salary, account balances, etc)
  • Image Quality
    • Text is legible
    • No shadows
    • No light reflections
    • All four corners of the document are visible
  • Document Language

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