Important Disclaimer
⚠️ This information is current as of December 1, 2025. Bank fees and conditions are subject to change. For the most up-to-date and accurate information, always consult the official Millennium BCP website or contact the bank directly.
Base Account Maintenance Fee
€15.00 per month (€180.00 annually)
Plus €0.60 stamp duty per month (€7.20 annually)
Total: €15.60 per month (€187.20 annually)
Fee Reduction Conditions and Amounts
Reduction Level 1: €6.00 per month
Conditions (must meet ONE of the following):
Option A - Salary or Pension Deposit:
•Have your salary or pension directly deposited to the account with a minimum monthly value of:
•€2,500 (for general customers - age 45+)
•€2,000 (if primary account holder is aged 35-44 years)
•€1,500 (if primary account holder is under 35 years)
OR
Option B - Financial Assets:
•Maintain average monthly financial assets of:
•€50,000 (for general customers - age 45+)
•€35,000 (if primary account holder is aged 35-44 years)
•€20,000 (if primary account holder is under 35 years)
Reduced Fee: €6.00 per month (€72.00 annually)
Savings: €9.00 per month (€108.00 annually)
Reduction Level 2: €5.00 per month
Conditions (must meet ALL of the following):
1.Financial Assets (REQUIRED):
•Maintain average monthly financial assets of:
•€50,000 (for general customers - age 45+)
•€35,000 (if primary account holder is aged 35-44 years)
•€20,000 (if primary account holder is under 35 years)
AND
2.One of the following (choose one):
Option A - Salary/Pension + Digital Documents:
OR
Option B - Credit Card Spending + Digital Documents:
•Have your salary or pension directly deposited to the account with a minimum monthly value of €750
•AND subscribe to the digital documents service (free service)
•Make minimum monthly credit card purchases of €250 (in purchases at ATMs or payment terminals)
•AND subscribe to the digital documents service (free service)
Reduced Fee: €5.00 per month (€60.00 annually)
Savings: €10.00 per month (€120.00 annually)
Important Notes
Grace Period
If you stop meeting the fee reduction conditions, you will continue to benefit from the reduced fee for a maximum of 6 consecutive months. After the 6-month grace period, if the conditions are still not met, the fee will revert to the full €15.00 per month from the 7th month onwards.
Financial Assets Definition
For determining financial assets, the bank considers:
•The sum of average balances across all current accounts where you are the primary account holder
•Plus any associated savings accounts and investments
•Calculated as a monthly average
Card Spending Exclusions (for Level 2, Option B)
When calculating monthly credit card spending for fee reduction purposes, the following are NOT counted:
•Cash withdrawals (debits)
•Cash advances (credits)
•Bill payments (with entity and reference numbers via ATM, website, or app)
•Government payments, taxes, and social security payments
•Tolls and low-value payments (Via Verde, etc.)
•Meal voucher purchases
Digital Documents Service
The digital documents free service is a requirement for Level 2 fee reduction. This means you must opt-in to receive your account statements and documents digitally rather than in paper format.
Fee Reduction Summary Table
Reduction Level | Monthly Fee | Annual Fee | Conditions |
No Reduction | €15.00 | €180.00 | None |
Level 1 | €6.00 | €72.00 | Salary ≥€1,500-€2,500 OR Assets ≥€20,000-€50,000 |
Level 2 | €5.00 | €60.00 | Assets ≥€20,000-€50,000 AND (Salary ≥€750 + Digital Docs OR Card Spending ≥€250 + Digital Docs) |
Promotional Offer
€5.00 per month for the first 3 months for customers who join via the website until December 31, 2025.
From the 4th month onwards, the fee will be adjusted based on which reduction conditions you meet.
Age-Based Thresholds
The salary deposit and financial assets requirements vary by the primary account holder's age:
Age Group | Salary for Level 1 | Assets for Level 1 | Salary for Level 2 |
Under 35 years | €1,500 | €20,000 | €750 |
35-44 years | €2,000 | €35,000 | €750 |
45+ years | €2,500 | €50,000 | €750 |
Practical Examples
Example 1: Young Professional with Salary Deposit Only
•Age: 28 years old
•Monthly salary deposit: €1,600
•Financial assets: €10,000
•Digital documents: Not subscribed
•Eligible for: Level 1 reduction (€6.00/month) - meets salary requirement
•Monthly cost: €6.00 (€72.00/year)
•Annual savings vs. base fee: €108.00
Example 2: Mid-Career Professional with Assets and Salary + Digital Docs
•Age: 40 years old
•Average financial assets: €40,000
•Monthly salary deposit: €800
•Digital documents service: Subscribed
•Eligible for: Level 2 reduction (€5.00/month) - meets all requirements
•Monthly cost: €5.00 (€60.00/year)
•Annual savings vs. base fee: €120.00
Example 3: Retiree with Assets Only
•Age: 55 years old
•Average financial assets: €50,000
•No regular salary/pension deposit
•Digital documents: Not subscribed
•Eligible for: Level 1 reduction (€6.00/month) - meets assets requirement
•Monthly cost: €6.00 (€72.00/year)
•Annual savings vs. base fee: €108.00
Example 4: Young Professional with Card Spending + Digital Docs
•Age: 32 years old
•Average financial assets: €25,000
•Monthly salary deposit: €500 (below €750 threshold)
•Monthly credit card purchases: €300
•Digital documents service: Subscribed
•Eligible for: Level 2 reduction (€5.00/month) - meets all requirements (assets + card spending + digital docs)
•Monthly cost: €5.00 (€60.00/year)
•Annual savings vs. base fee: €120.00
Example 5: Customer Who Doesn't Meet Conditions
•Age: 50 years old
•Average financial assets: €15,000
•No regular salary deposit
•Monthly credit card purchases: €100
•Digital documents: Not subscribed
•Eligible for: No reduction - doesn't meet any Level 1 or Level 2 requirements
•Monthly cost: €15.00 (€180.00/year)
How to Qualify
To access fee reductions, you must:
1.Ensure the conditions are met each month - The bank reviews your account activity monthly
2.Maintain consistent deposits or assets - Salary deposits must be regular and coded with ISO "SALA" (salary) or "PENS" (pension)
3.Subscribe to digital documents (if pursuing Level 2) - This is a free service available through your online banking
4.Monitor your account - If you stop meeting conditions, you have a 6-month grace period before the full fee applies
Key Differences Between Levels
Level 1 (€6/month):
•Easier to qualify
•Only need to meet ONE condition (salary OR assets)
•No digital documents requirement
Level 2 (€5/month):
•More restrictive
•Must have financial assets (required)
•Plus one additional condition (salary + digital docs OR card spending + digital docs)
•Saves €1/month (€12/year) more than Level 1
Conclusion
The Programa Prestige account's fee structure is flexible and designed to reward active banking customers. By meeting specific conditions, you can reduce the monthly fee from €15.00 to as low as €5.00. The key distinction is:
•Level 1 is easier to achieve and requires only salary/pension OR assets
•Level 2 requires financial assets PLUS either (salary + digital docs) OR (card spending + digital docs)
The 6-month grace period provides additional flexibility if your circumstances temporarily change.
Sources
This document is based on the following official Millennium BCP sources:
1.Official Product Page:
2.Official Price List (Preçário ):
•Section 1: Contas de Depósito (Particulares ) - Effective December 1, 2025
•Document: SECCAO_01.pdf
3.Legal Documents:
•Millennium Account General Conditions
•Millennium Account Standard Information Sheet
•Programa Prestige General Conditions and Insurance Documents
How to Find the Latest Information
To ensure you have the most current fee structure and conditions:
1.Visit the Official Website: https://www.millenniumbcp.pt/
2.Check the Price List: https://ind.millenniumbcp.pt/pt/info/Pages/precario.aspx
3.Contact the Bank:
•Phone: Available on their website
•Email: Available on their website
•Visit a branch in person
4.Review Legal Documents: Download the latest General Conditions and Information Sheets from the product page
Source Information
Document Version: Preçário effective December 1, 2025
Last Updated: December 3, 2025
Information Accuracy: Based on official Millennium BCP documentation as of the date above