Opening a bank account in Portugal without physically being present is entirely possible, thanks to digital banking and evolving financial regulations.
Whether you’re a digital nomad, investor, expatriate, or someone planning to relocate, having a Portuguese bank account can ease transactions, support visa applications, and help manage living expenses locally. Fortunately, many Portuguese banks now offer remote account opening options for non-residents, making the process smoother than ever.
Why You Might Need a Portuguese Bank Account
Having a local bank account in Portugal is essential if you’re planning to live, work, or study in the country. It allows you to receive payments, pay bills, rent property, and access financial services like mobile banking, debit cards, and international transfers with lower fees. For those applying for visas such as the D7 or digital nomad visa, proof of a Portuguese bank account may even be a requirement.
Can You Open an Account Without Being in Portugal?
Yes, many banks in Portugal now allow you to open an account remotely. This is especially helpful for those planning ahead before relocating. Some banks provide online platforms, while others work through international branches or authorized intermediaries. Digital banks and fintech platforms such as ActivoBank, Wise (formerly TransferWise), Revolut, and N26 are also becoming popular for international customers looking for ease and flexibility.
Documents Required to Open an Account Remotely
To open a bank account in Portugal from abroad, you’ll typically need to provide several documents:
- A valid passport or ID
- Proof of address (utility bill or rental contract)
- Portuguese NIF number (Número de Identificação Fiscal)
- Proof of income or employment (such as a payslip or employment contract)
Some banks may also request a video call or signed documents via post or a notary, depending on their policies.
How to Get a Portuguese NIF Number Remotely
A key requirement for opening any account is the NIF number. You can obtain this remotely through a fiscal representative or legal service in Portugal. Many companies offer this service online, often within a few days. Once you have your NIF, you can include it in your account application with the bank of your choice.
Best Banks for Remote Account Opening
Some Portuguese banks are more open to remote clients than others. Banks such as Millennium BCP, Novo Banco, and Caixa Geral de Depósitos have English-speaking services and may offer remote options through representatives. Fintech options like Wise and N26 are fully digital and can be opened entirely online, although they may not fulfill all visa requirements for Portugal.
Steps to Open Your Account
- Get your NIF number through an online service.
- Choose a bank that accepts remote applications.
- Gather and scan all required documents.
- Submit your application via the bank’s website or email.
- Complete identity verification, often via video call or postal documents.
- Wait for account approval and receive your account details and card.
Final Thoughts
Opening a bank account in Portugal remotely is increasingly straightforward, especially with the right preparation. By obtaining your NIF number in advance and selecting a bank that supports remote onboarding, you can manage your finances in Portugal even before setting foot in the country. Whether you’re relocating permanently or just need a reliable euro account, the process is within easy reach for international clients.
