Need to open a Portuguese bank account for your D7 Visa application? Below we outline how you can remotely open a bank account in Portugal from practically anywhere in the world.
Read on for step-by-step guidance on how you can apply for a bank account in Portugal from overseas, and be sure to use the discount code “D7VISA” when applying online to get a 10% discount on your account opening service fee.
Let’s get into the details below…
For the uninitiated foreigner, opening a Portuguese account remotely can be virtually impossible without professional help. But fortunately, such help is available in Portugal, in the form of a startup company called BORDR.IO.
BORDR.IO specializes in helping foreigners apply for a Portuguese bank account remotely. They also offer customers the ability to apply for a Portuguese NIF online (Portugal’s version of a tax number).
Why choose BORDR.IO for opening your Portuguese bank account?
SPEED: BORDR.IO helps reduce your account application process from months to mere weeks — and also helps you avoid the wasted time and costly mistakes that typically come with applying for an account as a foreigner.
CONVENIENCE: With BORDR.IO, you can skip the time-consuming process of obtaining an apostille by getting your signature certified by a Portuguese law firm.
STREAMLINED PROCESS: BORDR.IO does all the heavy lifting during your account opening process. The entire application can be concluded in 5 simple steps (see more on the account opening process below).
PREMIUM SERVICE: BORDR.IO works with one of the largest and most respected private banks in Portugal. With your account, you’ll enjoy access to online and mobile banking, as well as in-person banking services in any of their hundreds of branches situated throughout Portugal. Your Portuguese bank account also comes with a private banker, who will serve as your main point of contact with the bank.
AFFORDABILITY: When you use the discount code “D7VISA” during your checkout on their site, you’ll get a $10 discount on their already reasonable fee of $350 — so you’ll only end up paying $340 in total to open your bank account. BORDR.IO’s fee also includes the cost of signature certification by a law firm in Portugal. Again, you will NOT have to notarize or apostille any of the documents you submit during the account opening process.
ACCOUNT FLEXIBILITY: Your Portuguese bank account can be opened for an individual, or for multiple account users.
Which documents will you need to apply for a Portuguese account via BORDR.IO?
In order to apply for your account remotely, you’ll need to submit the following documents:
A valid passport.
Proof of address in your country of current residence.
Proof of employment (this is not required if you’re a retired person).
A Portugal NIF number and supporting document. (BORDR.IO can also assist you with applying for your Portuguese NIF online. Their standard fee for obtaining a NIF is $150, yet if you use the discount code “D7VISA” at checkout, you’ll get a $10 discount, and only pay $140.
What benefits do I get with my Portugal bank account?
Access to a dedicated bank manager who will serve as your primary point of contact with the Portuguese bank
Access to online and mobile, app-based banking
2 x Debit cards per account
2 X Credit cards per account (subject to credit checks and approval)
Free Euro denominated transfers to SEPA member states (including the UK, EU, and 8 additional countries)