Opening and maintaining a Portuguese bank account involves certain mandatory fees, along with optional charges depending on which services and products you choose. All fees below already include the applicable stamp duty.
1. Account Maintenance Fees
The bank applies a monthly fee for account management:
€5 per month (≈ €62.40 per year) if at least one of the following conditions is met:
You receive a monthly income or pension of €750 or more into the account and opt for a digital account; or
You hold financial assets of at least €7,500 within the bank (digital account).
€8 per month (≈ €99.84 per year) if these conditions are not met.
2. Optional Card Fees
If you choose to request a card, the following fees apply:
Credit Card (Classic, TAEG 15.3%)
Annual fee of €10.40.
Charged in the first month of issuance and then once a year.
Only applicable if you opt for a credit card.
Debit Card (Visa Debit)
Annual fee of €23.50 per card.
Charged in the first month and then once a year.
3. Transfer Fees (MB WAY)
Up to 25 transfers per month or a total of €150 transferred via the MB WAY app: no fees.
Beyond these limits: a fee of 0.1% of the transfer amount applies.
4. Account Maintenance Package (Optional)
Clients may also opt for a packaged account that includes additional services:
€6 per month (≈ €74.88 per year) if income or pension ≥ €750, or if assets ≥ €7,500.
Otherwise: €8 per month (≈ €99.84 per year).
5. Insurance Options (Optional)
The bank offers add-on insurance products that can be linked to the account:
Emergency Medical Assistance Insurance
Covers emergency medical assistance for the account holder and family members at home.
Family Civil Liability Insurance
Covers civil liability for both the account holder and their family members.
Family Campaigns
In some cases, special conditions are available when insuring multiple family members together.
(Each insurance product is optional and has its own monthly or annual cost, provided separately on request.)
6. Key Notes
All fees listed above already include Portuguese stamp duty.
Reduced account maintenance fees are only available when income or asset thresholds are met.
The availability of optional services (such as cards and insurance) depends on the client profile and bank approval.
Detailed terms and updated pricing can be requested at any time.