Steps to open a bank account in Portugal

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As you can see, there is no single answer to which is the best bank for foreigners in Portugal. It depends on your interests and requirements. For example, for digital nomads and young residents, ActivoBank stands out for its lack of fees and digital focus. On the other hand, if you need a wide network of

ATMs and the possibility of face-to-face nepal phone number library service, Caixa Geral de Depósitos may be more suitable for you. Do you want to manage international finances with ease? Then Santander Totta is an excellent choice.

Have you decided on one? It's time to take action. Although it can be a bit overwhelming to face the process, it is easier than it seems. These are the steps you should follow at the best banks in Portugal for foreigners.


The first step is to decide which type of account best suits your needs. In Portugal, the most common options are:

Resident account: If you plan to stay for a long time or have a Tax Identification Number (NIF), this is the most complete option.
Non-resident account: If you do not have formal residence in Portugal, some banks offer this flexible option. Please note that they may require a non-residency declaration, which you can obtain at a finance office.