Find and open an account with a Portugal banking institution

It is possible to do business in Portugal without a Portugal bank account, however, it is much easier if you have one. By having an active account you can make purchases and take care of business expenses through a local Portugal bank, instead of having to deal with the hassles of international financial transactions.

I recommend: It is best to open a Portugal bank account in person.To open an account you will need a valid passport and you will need to be at least 18 years of age.  Learn more about Portuguese banking customs from Just Landed. To find a bank to work with, review your options from the list of banks provided by Pure Portugal.

Compare services in Portugal commercial banking institutions with Banco Comercial Português

Large companies who want to work with a prominant provider of commercial banking in Portugal will want to work with Banco Comercial Português. Their primary focus is on customer service and they offer a 24 hour contact in order to ensure every customers complete satisfaction and problem resolution.

I recommend: Banco Comercial Português offers a wide array of services to businesses including access to accounts through online banking, savings, credit and insurance. Banco Comercial Português investor relations services provide up-to-the minute investment value, financial statements and personalized service with an investor relations adviser. If you speak Portuguese then you can compare the commercial banking products offered by  Banco Comercial Português to those offered by Santander Totta.

Explore banks in Portugal with the Banco Espírito Santo group

Much of the information pertaining to the Banco Espírito Santoo group is written in Portuguese so it may be best to have a translator with you if you are not fluent in the language.

I recommend: The Banco Espiríto Santo group provides a foreign property buyers' guide for mortgages and financing. Banco Espírito Santo group also offers the services of a relationship manager to assist in global investing as well as personal and business banking transactions.

Bank in Portugal through a foreign bank

Barclays, Citibank and Deutsche Bank are three of the foreign banks that operate in the very small foreign financial Portugal banks market. This market makes up less than 20% of the banking business in Portugal. They are located mainly in the larger cities of Lisbon and Porto.

I recommend: Compare Portugal banks that are based in foreign countries by accessing each site. Barclays offers up to the minute account information with Internet access, telephone banking and a 24 hour global trader. Citibank has a strong investment service with markets, global banking and global transaction services. The information with Deutsche Bank centers on private banking, online services and investments with such notable companies as JP Morgan and PICTET funds.