Am I eligible to apply for a Novobanco account remotely?
You will need to meet the following criteria and provide the required documents to open a bank account with Novobanco remotely.
Step 1: Check Eligibility
To open an account remotely, you must meet both eligibility requirements below:
Category | Requirements |
Country Eligibility | Due to changing bank policies, Novobanco can only support certain individuals in opening a bank account. Your country of residence, citizenship and birth must all be on the approved list - Which countries does Novobanco support for bank account opening? |
Financial Eligibility | Option 1: Monthly gross income between €3,500 and €4,999, and at least €35,000 in savings or liquid assets - What type of savings are acceptable? Option 2: Monthly gross income of €5,000 or more, no savings required |
Step 2: Prepare the Required Documents
You’ll need the following documents to apply:
- Portuguese NIF (Portuguese Tax Number) - Order a NIF here
- Passport
- Proof of Foreign tax identification number - What kind of Foreign Tax Identification Number document can I submit?
- Proof of Address - What can I use as proof of Address for Novobanco?
- Proof of Income - What can I use as proof of income for Novobanco?
- Income must be in a currency that is recognized by the Bank of Portugal
Find more information here - What documents do I need to apply for Novobanco?
Step 3: Ensure your Documents Meet Novobanco's Criteria
Your documents must satisfy the following criteria:
- Original PDFs or high-quality scanned documents only. Documents must be submitted in PDF format.
- No shadows or light reflections
- All text is legible
- All four corners of the document must be visible - What does "all four corners of the document must be visible" mean?
- No redactions or blacked-out information.
- Must be valid and follow the date of issue requirements below:
- Passport - Not expired
- Proof of Address and Proof of Income - Issued within the last 6 months
- Proof of Tax Return - Issued within the last 12 months
- Proof of SSN / TIN Card - Does not typically have a set expiry date
- Your full name (given name + surname) must match the name on your passport.
- No abbreviations, nicknames, or initials
- Your documents must be in English, Portuguese, Spanish, or French.
- Please refer to this guide - What if my document is not in a supported language?
Note: The requirements for opening a remote bank account are set by Novobanco and may change at any time. While we do our best to keep our guides up to date, we recommend reaching out to Novobanco directly for the most accurate and current information.