Where should I setup a bank account in Portugal?
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," wrote a member who made the move to Portugal.
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SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Connect
Click connect to have our partner contact you via e-mail and/or phone.
Other Questions:
- What do I need to know before moving to Portugal?
- How do I find a place to live in Portugal?
- What is a typical expat home or apartment like in Portugal?
- What is the average cost of housing in Portugal?
- Should I buy or rent a home in Portugal?
- What should I pack when moving to Portugal?
- What cultural faux pas should I try to avoid making in Portugal?
- Why do people move to Portugal?
- What are healthcare services like in Portugal?
- What are medical services in Portugal like?
- What are typical rents in Portugal?
- What appliances are typically included in a rental?
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.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad 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.
