How to Open a Bank Account in Portugal? – 2025 Guide 💳

Opening a bank account is one of the most important steps for anyone planning to live, work, or study in Portugal. Thanks to Portugal’s reliable banking system, transactions are fast and secure. In this guide, you’ll find a step-by-step explanation of how to open a bank account in Portugal, along with alternative methods. ✨

Why Do You Need to Open a Bank Account in Portugal?

A bank account is required for many processes in Portugal, such as:

• Paying rent 🏠

• Receiving salaries or scholarships 💰

• Paying utility bills and subscriptions (electricity, internet, water, phone) 📶

• Handling tax and social security procedures

Opening a bank account is especially helpful for students and newly arrived residents.

What Types of Banks Can You Choose in Portugal? 🏦

There are three main types of banks to consider based on your needs:

1. Traditional Banks

Banks with physical branches, such as Caixa Geral de Depósitos, Millennium BCP, and Santander Totta.

Advantages:

• Face-to-face customer service

• Wide ATM network

• Financial consulting

2. Digital / Online Banks

Fully online banks such as N26, Revolut, and ActivoBank.

Advantages:

• Fast application and low fees

• Easy-to-use mobile apps

• Flexible verification for newcomers

3. Immigrant- and International-Friendly Banks

N26, Revolut, and some large traditional banks are popular options for those who have recently relocated to Portugal.

Required Documents to Open a Bank Account in Portugal 📄

Most banks request similar documents. As of 2025, the general requirements are:

• Passport or ID card

• Proof of address (residência / comprovativo de morada)

• NIF (Portuguese tax identification number)

• Proof of income or employment (may be required by some banks)

• Student certificate (for students)

Online banks usually allow you to open an account using only a passport and video verification.

Step-by-Step Process to Open a Bank Account in Portugal 🛠️

1. Choose a bank – Identify the most suitable bank and account type for your needs.

2. Apply – Complete the application online or at a branch.

3. Verify your identity – At a branch or via video verification.

4. Confirm your address – Your bank card and account details are sent to your registered address.

5. Activate your account – Start using your account after receiving your card.

Things to Know Before Opening a Bank Account in Portugal

• Some banks may request a credit history (CR) or references from new residents

• Online banks usually require fewer documents and offer faster processing

• Account maintenance fees vary by bank; some offer free accounts

• In most cases, you must be in Portugal to open an account (with some international exceptions)

Send Money to Portugal Without a Bank Account – kuikpara 🚀

You don’t need a bank account to send money to Portugal. With kuikpara:

You can make free money transfers to Portugal without a bank account.

Key benefits:

• Fast and secure transfers

• Low fees and full transparency

• Real-time transfer tracking ✅

You can send money from Turkey to your loved ones or business partners in Portugal quickly, safely, and free of charge.

How to Use kuikpara 📲

1. Download the app 📱
   Get the kuikpara app from the App Store or Google Play (iOS & Android).

2. Create an account ✍️
   Register quickly using your phone number and email.

3. Verify your identity ✅
   Complete the verification process for secure transfers.

4. Top up your wallet and send money 💸
   Instantly send money to any person, card, or bank account for free.

Frequently Asked Questions (FAQ) ❓

How long does it take to open a bank account in Portugal?

• 10–20 minutes with online banks, 1–3 days with traditional banks.

Can I open a bank account in Portugal before moving there?

• Traditional banks usually require physical presence. Online banks may be more flexible.

Do I need a bank account to send money from Turkey to Portugal?

• No! With kuikpara, you can transfer money quickly and securely without a bank account.