Opening a Portuguese bank account is a critical first step for non-EU citizens to secure residency and pay local bills.
In 2026, you can choose between traditional banks like Millennium BCP or digital options such as Wise and Revolut.
To apply, you will need your NIF certificate, a valid passport, proof of residence, and recent proof of income.
Remote opening is possible via video verification and typically takes three to seven days to receive your new IBAN.
Be prepared for monthly maintenance fees ranging from zero to ten euros depending on the banking institution you select.
Ensure your NIF is fully registered in the system before applying to avoid common technical delays during the process.