Bank services in Lisbon

Tools:

Banking is quite well developed and modernised in the big cities in Portugal and offer a wide range of services from simple savings accounts to internet banking, specialist accounts for paying taxes to pension top-up schemes.

Opening up a bank account is relatively simple if you have the necessary documents. To open up a bank account, you'll need to fill in a couple of forms. While every bank might have its own requirements, in general you can expect to fill in an application form, client details and acceptance of the bank's rules and conditions. For EU citizens, you'll also need your passport or identity card, tax number and card, residency card and proof of residence. Non EU citizens will need a passport, proof of home address in country of origin, tax card and an employment contract.

The Multibanco system is the most convenient way to access your money. It offers easy ATM access to your money by connecting a number of local banks in its network. It also acts as a debit card and can be used to swipe your payments at supermarkets, cafes, shops etc. Another added beneift of the Multibanco card is that you can also opt to use it as a credit card. If your card has both debit and credit card options, you need to specify at the time of transaction whether you want the payment from your credit or your debit account.

Some of the key banks in Portugal include:

Source:
http://www.worldwide-tax.com/portugal/porinvestbanks.asp

Update 8/09/2009


Tools:

Facebook Twitter LinkedIn Pinterest Addthis

Do you have comments or personal information to communicate about this article? Add your comment.


Find more definitions and general answers on expatriation issues in the Expat FAQ (Frequently Asked Questions).

Go to the Forum to talk more about bank services in Lisbon, practical life.

Download the full digital PDF expat guide in Lisbon

Download the guide: Lisbon, Portugal
  • See in one single booklet all the articles for a city guide for expatriates.
  • Enjoy full colour photos to illustrate each section.
  • Additionnal maps: Region, City view, Neighborhood, Street view.

  • - My Life Abroad -
    A selection of expat stories

    "A fun compulsive read!"
    J. Matcham, Amazon

    "I strongly advise people ready to live abroad to read this book!"
    Patrice, Amazon