Any foreigner can open a bank account in portugal. Regardless of whether they are a resident or not. To open a non-resident account. More documentation is likely to be required, and you may have more limitations compared to resident accounts.But it is a good option when you do not yet have an address in portugal.
Which ever option you choose
the first step is to get your portuguese nif issued by the portuguese tax administration. And an essential to move to live in portugal. You will need this number to pay taxes. Contract a telephone line and, of course, to open a bank account. To obtain your nif, go to your local tax administration office with your passport and proof of address.
Once you have obtained your portuguese nif. You can now open a bank account in the country. Of course, to do so you must be of legal age. And be 18 years or older. That being said, some Database banks offer junior bank accounts for minors. While a junior account .May be in your name, you’ll need a parent or guardian to be with you as legal account holder until you turn 18.
And now you will ask yourself. What documents do I need to open my portuguese bank account? Here is a list of the essential documents to open your account beyond the nif:
Nif : if you are going to open a bank account for non-residents, go to the branch with proof of your address abroad. It is recommended that you take with you several different documents for each category if possible, for example. A bill for a public service and a communication sent by a public body so as not to run any risk.
Valid photo identification
Proof of address : a public service bill that justifies that you are living in that home, such as the electricity or water bill.
Proof of employment . A pay stub or a News US copy of your employment contract.
When you have finally chosen your favorite bank. And have gathered the documents that we mentioned above, you are about to open your account. And the next steps are quite simple. Most banks also work in english, but just in case, we recommend that you call ahead to make sure someone will be able to assist you in english.
