The Best Portuguese Bank Accounts – Compared

Written by / Last updated on April 14, 2025

I’ve compared all of the top lawyers, relocation companies, and other expat-focused services to see which offers the best value & the fastest turnaround for opening a Portuguese bank account.

Company Bank Average Delivery Time Cost
E-Residence Novobanco 3-4 Weeks €225 (with code PORTUGALIST25)
Anchorless Millennium bcp 3-4 Weeks €269.25 (with code PORTUGALIST25)
Novomove Novobanco 2-3 Weeks €290 (with code PORTUGALIST)
Visas.pt Novobanco 4+ Weeks €395 (includes NIF)

*Visas.pt is the most expensive for the NIF on its own. However, they do offer a complete visa support package for €1595 (use the code plvisa for €300 off), which is cheaper than most other relocation companies.

This not only includes a the NIF and bank account, but document checking and video consultation as well.

You can book a free consultation here.