They offer products designed for residents

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Let's analyze how they work and what advantages they offer for expatriates or long-stay travelers. Also the differences, these will help you make a better decision to manage your finances:

Portugal, types of banks that operate in the netherlands phone number library Portuguese country Different types of banks operating in Portugal shutterstock
Neobanks or digital banks
Neobanks are 100% digital banks that don't have physical offices. Everything from opening your account to managing your transactions is done online. All you need to manage your money at a neobank is their mobile app and your Holafly eSIM (or a stable connection). Their minimalist, tech-savvy approach is perfect for those who value convenience and want to avoid unnecessary paperwork.

Why choose a neobank in Portugal?

Account opening is completely digital. It doesn't matter if you are in Portugal or any other country, you will only need a device with an Internet connection to get started.
Fees are usually lower than at traditional banks. This means you'll save on maintenance and international transfer fees.