Opening a Portuguese bank account requires different documents depending on your nationality, residence status, and visa type.
We divide applicants into three main categories:
Nationals of the EU, Schengen Area, or United Kingdom
Rest of World Nationals WITH Residence Title for EU, Schengen, or UK
Rest of World Nationals WITHOUT Residence Title (EU/Schengen/UK)
⚠️ Important: If you are a non-EU national without EU residence, we can only assist you if you have:
Proof that you are applying for or have received a Portuguese visa; and
Visa-specific supporting documents (see below).
Alternative option (for property buyers): If you do not have a visa, you may still open an account by showing savings of at least €150,000. In this case, visa documents are not required, as the account is opened based on financial capacity.
General Requirements (All Clients)
Basic Documents (Everyone Needs These)
Valid passport (must be valid for at least 12 months).
Portuguese Tax Number (NIF) – Get yours here.
Proof of address – Utility bill or bank statement issued within the last 12 months.
Proof of Income/Employment – Payslip, employment contract, pension statement, or other proof.
Foreign tax ID – From your home country (if applicable).
Additional for Non-EU Clients
Proof of intent to immigrate to Portugal, such as:
Visa appointment confirmation (Consular or VFS), or
Visa application payment receipt, or
Visa sticker already issued in your passport.
Visa-Specific Requirements
D2 (Entrepreneur Visa)
Company incorporation documents and a business plan, or
Service contract with a term of at least 1 year.
💰 Expectation: €5,000–€10,000+ in savings to support the business plan.
D3 (Highly Qualified Work Visa)
Employment contract with a term of at least 1 year.
Role must fall within CITP international classification groups 1 or 2.
Salary must meet the minimum threshold.
💰 No fixed savings requirement, but banks may ask for a bank statement.
D4 (Higher Education / Student Visa)
Proof of acceptance by a Portuguese higher education institution.
Study plan with duration of at least 1 year.
💰 No fixed savings requirement, but if self-funded, show funds covering tuition and living costs.
D5 (Qualified Teaching & Cultural Activities Visa)
Service contract with a term of at least 1 year, or
Employment contract with a term of at least 1 year, or
Invitation from an educational institution with duration of at least 1 year.
D7 (Passive Income / Retirement Visa)
If retired: Proof of retirement status and pension income.
If passive income: Documentation showing income from property, intellectual property, or financial assets (e.g., investment statements, income declarations).
💰 Expectation:
~€9,840–€12,000 per adult
~€4,920–€6,000 per dependent adult
~€2,964–€3,600 per child
D8 (Digital Nomad Visa)
Employment contract with a term of at least 1 year for remote work.
Employer verification (e.g., company website, description, location).
Employer must be based outside Portugal.
💰 No fixed savings requirement, but banks may ask for 3–6 months of income statements.
ARI (Golden Visa)
Proof of qualifying investment in Portugal.
Next Steps
Make sure you gather all required documents before starting your bank account application.