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Portugal | Where should I setup a bank account in Portugal? | Expat Exchange
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Where should I setup a bank account in Portugal?

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Portugal Residency Advisors
Portugal Residency Advisors
Portugal Residency Advisors
Portugal Residency Advisors

We asked expats in Portugal what banks they use and there advice about banking. They advised...

"Before retiring in Portugal, expats should be aware of the different residency options. Depending on nationality, length of stay, and whether the individual is self-sufficient, a different visa may be required. Expats should also familiarize themselves with the cost of living, which can be higher than other European countries. Additionally, expats should plan for healthcare expenses, as private health insurance is often recommended. Those planning to stay for more than 90 days will need to register with the local town hall, similar to registering with the police in other countries. Finally, expats should research their preferred destinations and get to know the local culture to ensure a successful transition," said another expat in Portugal.

Other Questions:

Where should I setup a bank account in Portugal?

If you live in Portugal, newcomers to Portugal would love to hear your answer to this question.

If your answer relates to a specific city or town in Portugal, please include the name of the city/town below:


About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

Benfica, Lisbon

William Russell
William Russell

Get a quote for international health insurance from our partner, William Russell.
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William RussellWilliam Russell

Get a quote for international health insurance from our partner, William Russell.
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